French cement maker Lafarge has been found guilty of financing terrorism between 2013 and 2014, by keeping a plant operating in Syria during the war
Lafarge's conviction for financing terrorism could have significant implications for its reputation and regulatory scrutiny.
EU Commission President von der Leyen says the EU's bill for fossil fuels has increased by EUR 22bln since the start of the Iran war, a robust coordination between member states for energy prices is needed
Leggett & Platt (LEG) to be acquired by Somnigroup International (SGI) in an all-stock transaction valued at approx. USD 2.5bln
French cement maker Lafarge has been found guilty of financing terrorism between 2013 and 2014, by keeping a plant operating in Syria during the war
Regeneron (REGN) and Telix (TLX) to co-develop and co-commercialise next-gen radiopharmaceutical Therapies in a 50/50 cost and profit-sharing model; Telix to receive USD 40mln upfront and up to USD 2.1bln in milestones
[CALENDAR ADDITION] Newly elected Hungarian PM Magyar to hold a post-election press conference at 13:00BST/08:00EDT
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This ruling may not only lead to financial penalties but could also impact operational decisions in conflict zones, leading to increased costs and risks for the company. Investors might react cautiously as this situation unfolds, potentially affecting Lafarge's stock performance and broader sentiment in the construction and materials sector.
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