RIYADH: Almasar, the Amanat Education platform, announced plans to proceed with an initial public offering (IPO) of 30,720,400 ordinary shares—representing 30% of its total issued share capital—on the Saudi Exchange (Tadawul), following regulatory clearance. The Capital Market Authority (CMA) of Saudi Arabia granted approval on Sept. 29, 2025, for the listing, marking a key milestone…
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TotalEnergies, CMA CGM to launch LNG bunkering venture at Rotterdam Port
ROTTERDAM: TotalEnergies (Paris:TTE) and CMA CGM Group have signed a joint venture agreement to establish an LNG bunkering logistics platform at the Port of Rotterdam, marking a strategic expansion in Europe’s maritime energy transition. The 50-50 partnership between the French energy major and global shipping and logistics provider will deliver liquefied natural gas (LNG) bunkering…
Macmahon Holdings signs deed to takeover acquire Decmil Group
SYDNEY, AUSTRALIA: Macmahon Holdings Limited (ASX: MAH) has signed a scheme implementation deed to acquire all ordinary shares of Decmil Group Limited (ASX: DCG) for $0.30 per share. This offer represents a substantial premium of 76.5% over Decmil’s most recent closing price and an 81.8% increase over the 30-day volume-weighted average price (VWAP). The acquisition…
CMA CGM Group has acquired 10% stakes in Flexis SAS
PARIS, FRANCE: CMA CGM, through PULSE, its energy fund, acquired a 10% stake in Flexis SAS and has confirmed its interest for a strategic investment up to EUR 120 million by 2026. Volvo Group and Renault Group, holding each a 45% stake in Flexis SAS, plan to invest respectively EUR 300 million over the next…
CMA CGM acquires Bolloré Logistics for 4.85 billion euros
PARIS: CMA CGM, a global leader in maritime transport, announced today that it has completed the purchase of Bolloré Logistics, a leading transport and logistics company in France and worldwide. The deal, worth 4.85 billion euros, is based on the estimated debt and cash on the closing date. It also includes the transfer of Bolloré…
Kinan International delays IPO on Nomu after CMA approval
RIYADH: Kinan International Real Estate Development Company, advised by Saudi Fransi Capital, has postponed its planned Initial Public Offering on the Parallel Market (Nomu) due to recent developments. The company had received approval from the Capital Market Authority (CMA) to offer 3.6 million shares, or 3% of its share capital, to Qualified Investors for a…
CMA probes Microsoft-OpenAI deal amid AI competition concerns
The U.K.’s Competition and Markets Authority (CMA) has sought public feedback on the partnership between Microsoft and OpenAI, a leading artificial intelligence (AI) research company. The Competition and Markets Authority (CMA) announced on Friday that it is looking into whether the two tech giants have created a merger situation that could harm AI innovation and…
Renault, Volvo and CMA CGM forming new company jointly to launch electric vans
PARIS, FRANCE: Renault Group, Volvo Group and CMA CGM Group, three leading players in the transport and logistics sectors, have announced a joint venture to develop and market a new generation of fully electric vans and associated services. The new company, which will operate under its own corporate identity and be based in France, aims…
Ofcom refers cloud market to CMA over competition concerns
LONDON, UK: Ofcom, the UK communications regulator, has asked the Competition and Markets Authority (CMA) to investigate the public cloud infrastructure services market, after finding features that may limit competition and innovation. Cloud computing, which uses remote data centres to provide businesses with software, storage and networking, is vital for many sectors of the UK…
musicMagpie to sell consumer electronic products on Back Market
LONDON: musicMagpie, a leading re-commerce business in the UK and US specialising in refurbished consumer technology, it has entered into a contract to sell consumer electronic products on Back Market, the online marketplace dedicated to refurbished devices. The launch of musicMagpie’s products will occur on the Back Market UK marketplace by the end of this…
CMA investigates Google and Meta over ad tech concerns
UNITED KINGDOM: Competition and Markets Authority (CMA) is taking a closer look at Google and Meta’s conduct over concerns that they hampered competition in markets for online display advertising services, ad tech. The Competition and Markets Authority (CMA) is focusing on whether the companies restricted or prevented the uptake of header bidding services and whether Google…
CMA plans probe into music streaming market
LONDON, UK: The Competition and Markets Authority (CMA) has announced its intention to launch a market study into music streaming. Following discussion by the CMA Board, the Competition and Markets Authority (CMA) will now carry out work to consider and develop the final scope of the market study, before formally launching it as soon as…