Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
ATA - 2.3% pension increase takes effect from today, 669 500 beneficiaries from every category of pension
TIRANA,April 1/ATA/As of today the pension increase by 2.3% as a result of annual inflation adjustment will benefit every retiree...
NNA - Health Minister warns of increase of domestic coronavirus cases, says new challenge to begin Sunday with expats' arrivals
NNA - Minister of Public Health, Hamad Hassan, on Wednesday indicated that the number of domestic coronavirus cases had been...
NNA - Ministry of Public Health: 479 confirmed cases
NNA-The Ministry of Public Health announced that, to date(April1,2010),479 coronavirus cases have been confirmed by the Rafic Hariri University Hospital...
MAP - L'initiative du Comité de veille économique contribuera à un équilibre financier et social dans les structures du secteur informel
Rabat - 31 mars 2020 - (MAP) - L'initiative que le Comité de veille économique (CVE) souhaite activer contribuera ...
APS - Covid 19: les Jeux méditerranéens 2021 d'Oran reportés à 2022
APS-ALGER-La 19e édition des Jeux méditerranéens(JM-2021), initialement prévue du 25 juin au 5 juillet 2021 à Oran, a été reportée...
APS - Président Tebboune: l’Algérie a suffisamment de capacités non encore utilisées contre le COVID-19
APS-ALGER-Le Président de la République, M. Abdelmadjid Tebboune a affirmé, mardi soir, que l’Algérie avait suffisamment de capacités non encore...
APS - Industrie publique: les prix à la production en hausse de 2,7% en 2019
APS-ALGER-Les prix à la production du secteur industriel public (hors hydrocarbures) ont connu une hausse de 2,7% en 2019...
ATA - Ministry of Health: 259 persons infected by COVID-19, 16 more cases
TIRANA,April1/ATA/The number of those infected by novel coronavirus in Albania has climbed to 259.
The news was reported by Public Health...
ATA - 64 US citizens and residents have flowed out of Albania/ Kim: Thank-you for generous solidarity!
TIRANA,April1/ATA/–Over the past two days,64 US citizens and residents have flown out of Albania with the assistance of the govt....
NNA - Le ministère de la Santé publiqueé: 479 cas confirmés
ANI–Le ministère de la Santé publique a annoncé qu’en date du 01/04/2020, le nombre de cas confirmés de coronavirus à...
MAP - Covid-19: Malgré tout, les camionneurs continuent de rouler
Casablanca -31 mars 2020- (MAP)- Bien qu'ils soient fortement pénalisés par la propagation de la pandémie du nouveau coronavirus (Covid-19),...
MAP - Des enseignements du Coronavirus
Par Aziz Rami
Rabat-31mars2020-(MAP)-En temps de grands malheurs éclosent les grandes âmes. Telle une perle rare ou un Louis d’or devenu...
APS - الرئيس تبون : الجزائر تملك قدرات كافية لم تستعمل بعد لمواجهة وباء كورونا
APS - الجزائر - أكد رئيس الجمهورية السيد عبد المجيد تبون مساء امس الثلاثاء ان الجزائر تملك قدرات كافية لم تستعمل كلها بعد لمواجهة هذا الوباء لا من الناحية المادية...
APS - القطاع الصناعي العمومي: ارتفاع الأسعار عند الإنتاج ب 7ر2 بالمئة في 2019
APS -الجزائر - شهدت أسعار الإنتاج في القطاع الصناعي العمومي (خارج المحروقات) ارتفاعا قدره 7ر2 بالمئة في 2019 مقارنة بسنة 2018،حسبما علمته (واج) يوم الثلاثاء لدى الديوان الوطني الإحصائيات. ...
APS - خالدي: تأجيل الألعاب المتوسطية وهران-2021 إلى 2022
APS - الجزائر - أجلت النسخة ال19 من الألعاب المتوسطية، التي كانت مقررة من 25 يونيو الى 5 يوليو 2021 بوهران، بسنة، حيث ستنظم في 2022، حسب ما أعلن عنه...
ATA - COVID-19/ Çuçi: No ban on activity of farmers and veterinarians
TIRANA,March31/ATA/-Minister of Agriculture and Rural Development, Bledi Çuçi, said on Tuesday that the line institutions have not issued any order...
ATA - De Biasi: Albania should make headlines worldwide
TIRANA,March31/ATA/-The former Coach of the Albanian football team Gianni De Biasi said during an interview on television that Albania should...
NNA - تقرير مستشفى الحريري: 43 حالة شفاء تام و56 اصابة في العزل وحالتا وفاة
وطنية - صدر عن مستشفى رفيق الحريري الجامعي التقرير اليومي عن آخر المستجدات حول فيروس الكورونا Covid-19 وجاء فيه: وصل مجموع الحالات التي ثبتت مخبريا إصابتها بفيروس الكورونا والتي عزلت...
NNA - وزارة الصحة: 479 عدد الإصابات المثبتة بكورونا
وطنية - أعلنت وزارة الصحة العامة أنه حتى تاريخ ١/٤/٢٠٢٠ بلغ عدد الحالات المثبتة مخبرياً في مستشفى الحريري الجامعي ومختبرات المستشفيات الجامعية المعتمدة بالإضافة إلى المختبرات الخاصة...
MAP - Le coaching mental, un impératif pour les sportifs à l'heure du confinement
Rabat-31 mars 2020-(MAP)-Avec le gel de l'ensemble des activités sportives dans le monde en raison de la pandémie de coronavirus,...
APS - Public industrial production up by 2.7% in 2019
APS-ALGIERS-The public industrial production increased by 2.7% in 2019 compared to 2018, said Tuesday the National Office of Statistics (ONS)....
APS - President Tebboune: Algeria has enough capacities to combat Covid-19
ALGIERS- President of the Republic Abdelmadjid Tebboune on Tuesday said that Algeria has enough material, financial and organizational capacities, ...
APS - 2021 Oran's Mediterranean Games postponed until 2022
APS-ALGIERS- The 19th edition of the Mediterranean Games (JM-2021), initially scheduled from 25 June to 5 July 2021 in Oran,...
Lusa - Business News - Portugal: Stock market closes Wednesday with PSI20 index down 1.89% in line
Lisbon,Apr.1,2020(Lusa)-The Lisbon stock market closed down on Wednesday after two positive sessions, with the PSI20 index down 1.89% to 3,992.69...
Lusa - Business News - Mozambique: Four illegal ruby miners buried to death at mine in Cabo Delgado
Maputo, Apr.1,2020 (AIM) - Four illegal miners have died since Thursday in the concession area of Montepuez Ruby Mining (MRM),...
Lusa - Business News - Portugal: Farmers with 'serious problem' to sell produce, want markets reopened
Lisbon, Apr.1,2020 (Lusa) – The Confederation of Agriculture (CNA) on Wednesday pointed out the existence of a "very serious problem"...
Lusa - Business News - Portugal: Car sales drop almost 57% in March - association
Lisbon, Apr.1,2020 (Lusa) – The automobile market in Portugal fell 56.6% in March, compared to the same period in 2019,...
Lusa - Business News - Portugal: Recent rains in Algarve have increased dam levels but drought remains
Faro, Apr.1,2020(Lusa)–The rain that has fallen in the last two weeks in the Algarve has reduced the level of drought...
Lusa - Business News - Angola: President appeals to compatriots to stay at home in face of Covid-19
Luanda, Apr. 1, 2020 (Lusa) – Angola's President João Lourenço on Wednesday called on his compatriots to stay at home,...
Lusa - Business News - Portugal: Discovery of marine bacteria reaction could benefit industry
Porto, Apr. 1, 2020 (Lusa) -Researchers at the Center for Marine and Environmental Research (CIIMAR) of the University of Porto...
Lusa - Business News - Portugal: About 85% of real estate agencies are closed down
Lisbon,Abr.1,2020(Lusa)–About 85% of real estate firms in Portugal have either stalled or reduced activity since the beginning of the isolation...
HINA - HNB: Croatia's 2019 current and capital account surplus reaches 5% of GDP
ZAGREB,April1(Hina)-Croatia recorded a current account and capital account surplus of €2.7 billion in 2019, which accounts for 5% of GDP,...
CNA - EU unemployment hits all time low with 6.5% in February 2020, 5.8% in Cyprus
CNA - Athanasios Athanasiou - Brussels
The euro area seasonally-adjusted unemployment rate was 7.3% in February 2020 – the month before...
CNA -Cyprus Composite Leading Economic Index for March 2020 shows a significant decline, due to pandemic
CNA -Nicosia- The Cyprus Composite Leading Economic Index (CCLEI) , exhibited a Year-over-Year (YoY) decrease of 0.2% in February 2020,...
Lusa - Business News - Mozambique: Drought persists in the south
Maputo, Apr.1,2020 (Lusa) - The third consecutive drought in southern Mozambique is expected to keep that region of the country...
Lusa - Business News - Portugal: Coimbra Business School distance teaching over 3,000 students
Coimbra, Portugal, Apr. 1, 2020 (Lusa) - Portugal's Coimbra Business School is teaching all its 488 classes on digital platforms,...
Lusa - Business News - Portugal: "Resolute" case in Venezuela not incident between states - minister
Lisbon, Apr.1,2020 (Lusa)-Portugal's foreign minister, Augusto Santos Silva, told Lusa on Wednesday that there is a willingness to investigate ...
Lusa - Business News - Macau: Gambling revenue plummets 79.7% in March
Macau, China, Apr.1,2020 (Lusa)- Gambling revenues in Macau fell by 79.7% in March compared to the same period in 2019,...
Lusa - Business News - Portugal: Venezuela's president accuses cruise ship of 'terrorism, piracy'
Caracas, Apr. 1, 2020 (Lusa) - Venezuela's president, Nicolás Maduro, accused the Portuguese flagged cruise ship "Resolute" of carrying out...
Lusa - Business News - Portugal: Public indebtedness in February €255B, up €3B YoY - Bank of Portugal.
Lisbon, Apr.1,2020 (Lusa)- Portugal's public indebtedness in February stood at €255.369 billion, or €3 billion more than a year earlier,...
Lusa - Business News - East Timor: Port of Dili to operate 'normally' from Thursday - ports authority
Dili,Apr.1,2020(Lusa)-The chairman of the board of the Port Authority of Timor-Leste (Aportil), told Lusa on Wednesday that the port of...
Lusa - Business News - Portugal: Parishes asked to open post offices for pensions, other key services
Lisbon, Apr. 1, 2020 (Lusa) - Portugal's government on Wednesday requested the limited opening of parish council premises that house...
Lusa - Business News - Guinea-Bissau: Informal trade to feel 'immediate impact' from Covid-19 measures
Bissau, Apr. 1, 2020 (Lusa) - Guinea-Bissau economic analyst Santos Fernandes has told Lusa that informal trade in the African...
Lusa - Business News - Cabo Verde: State budget 'has crashed' due to Covid-19 pandemic - deputy PM
Praia, Apr. 1, 2020 (Lusa) - Cabo Verde's deputy prime minister has played down the International Monetary Fund's positive assessment...
Lusa - Business News - Portugal: State budget measures
Lisbon, Apr.1,2020 (Lusa)-Portugal's 2020 State Budget comes into force on Wednesday following its promulgation on 23 March by the president,...
Lusa - Business News - Portugal: PSI20 opens 1.65% down at 4,002.41 points
Lisbon, Apr. 1 2020 (Lusa) - The Lisbon Stock Exchange opened today's session in negative territory, with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Wednesday
Lisbon, Apr.1,2020 (Lusa) – Police powers and lay-offs are two of the top stories in the Portuguese papers this Wednesday....
Lusa - Business News - Portugal: Benfica seeks permission to drop takeover bid for quoted subsidiary




Lisbon, Mar. 24, 2020 (Lusa) - Benfica, Portugal's largest football club, has asked the country's securities markets commission, the CMVM, for permission to revoke the takeover bid it launched in November for its quoted sports management company, citing the effects of the Covid-19 pandemic, according to information released to the market.
"The revocation of the bid was already being discussed with the Securities Market Commission since the suspension of the national football championship - Liga NOS - became public knowledge on 12 March," reads the statement issued by Sport Lisboa e Benfica - Futebol SAD, the unit quoted on the Lisbon stock exchange, to the CMVM late on Tuesday.
The statement also states that the club had given up on the operation - which aimed to increase its stake in the quoted SAD - "in view of the changed circumstances determined by the pandemic associated with the new coronavirus, Covid-19, and its direct and indirect impacts."
Nevertheless, it goes on, Benfica still wants to comment in "a prior hearing" on the "draft rejection of the request for registration of the Offer that was communicated to it yesterday [Monday] by the CMVM, since it reiterates the full compliance of the Offer with all applicable legal provisions".
The CMVM had rejected the financing conditions communicated to it for the partial takeover bid, but Benfica disagrees with that decision and wants to state its case, even without intending to proceed with the operation.
The Benfica statement also says that on Monday, the day the CMVM suspended trading in the shares of the SAD, it had received from the commission "a request to provide information to the market after rumours appeared in the media about the outcome of the bid registration procedure and about the possible alternative use of the funds mobilised for the purpose ... to hire reinforcements for the football team."
According to the statement, the SAD had sold to the parent company shares in Benfica Estádio, with effect from 1 July, and "after several months of negotiations, Benfica SAD signed with Benfica Estádio, on 10 October 2019, a contract for the cessation of operation of the Estádio Sport Lisboa e Benfica [stadium], in which it revoked the previous contract for the use of the Estádio Sport Lisboa e Benfica signed in 2003."
It states that "the signing of this agreement allowed ... the adaptation of the contractual structure to the current relationship between Benfica SAD and Benfica Estádio [companies indirectly owned by Benfica and with no relationship between them] and the updating of the amounts to be paid, whose minimum annual value has not changed for about 15 years."
The new contract runs until 30 June 2041 and provides for annual payments of €4.5 million, plus a variable amount to be determined at the end of each SAD financial year, depending on its net result.
In total, the contract foresees payments of €94.5 million, but the parties agreed that there would be an advance payment of €62 million, corresponding to an overall discount of €32.5 million, corresponding to 34.5% of the total value of the deal.
Regarding the €62 million euros, Benfica SAD and Benfica Estádio stipulated that the almost €33 million would be "offset against Benfica Estádio's existing debt to Benfica SAD, thus not giving rise to financial transfers" and that the remaining €29 million would be paid by Benfica SAD to Benfica Estádio, the statement says.
"Naturally, on 10 October 2019, the circumstances that, in the current context [of pandemic], constrain the use of the ... stadium were completely unknown," it goes on. "It could not even be foreseen on that date ... that the national football championship - Liga NOS would be suspended and that the Euro 2020 would be postponed."
For this reason, the Benfica SAD said, the club "is evaluating the impacts that the pandemic due to the new coronavirus has on its activity, given the great uncertainty and unpredictability of the situation".
In the statement, the SAD stresses that "any funds that are in the possession" of its parent company do not belong to it, and that it will therefore naturally not be able to use them, contrary to some media reports.
The SAD issued this release to the market to assure investors that, in the current context, it has taken and will continue to take the measures "necessary to preserve its activity", underscoring that it foresees "the reduction of costs and expenses [that are] not indispensable to the carrying on of this activity and the more careful consideration of all investments that were projected".
It concludes: "Thus, transactions involving players will be analysed very carefully, in order to promote and preserve as much as possible the essential assets of Benfica SAD and ensure its sustainability, meeting the long-term interests of its shareholders and weighing the interests of its workers and other stakeholders."
The new coronavirus responsible for the Covid-19 pandemic has already infected more than 386,000 people around the world, of whom around 17,000 have died.
In Portugal, there have been 33 deaths and 2,362 confirmed infections.

DN/ARO // ARO.
Lusa


Agency : LUSA

Date : 2020-03-26 10:23:02







 

Copyright © Alliance of Mediterranean News Agencies 2017