MRM, property sale, PARIS, FRANCE: MRM, a real estate investment company specialising in retail property, announced the sale of two properties representing 10,200 sqm altogether for a total €4.9 million (excluding transfer taxes), 13% above the properties’ valuations as at end-June 2021. These disposals concern two non-strategic assets in the Gamm Vert sub-portfolio acquired in…
Category: Euronext
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Elis acquires Blesk InCare’s textile activity in Russia
SAINT-CLOUD, FRANCE: Elis has signed agreement to acquire 100% of Blesk InCare’s Textile activity. The closing of the transaction is subject to customary regulatory conditions and is expected to occur by the end of 2021. Elis is an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin…
Shell and Pryme partner to convert plastic waste into pyrolysis oil
ROTTERDAM: Shell Chemicals Europe and Pryme BV announced a strategic cooperation and offtake agreement for pyrolysis oil made from recycled plastic waste. Pryme will supply Shell from its first plant located in Rotterdam, The Netherlands. Currently under construction, the plant is scheduled to become operational in 2022 and is forecast to convert 60,000 tonnes of…
BEWI acquires UK based recycling company Volker Gruppe
OSLO, NORWAY: BEWI ASA has acquired 51 per cent of Volker Gruppe, is a trader of compacted and recycled material. It operates two facilities in the UK and Scotland, where they compact material, and leases compactors to customers. Volker Gruppe is one of the largest suppliers of EPS waste to BEWI Circular, with an annual…
Eutelsat increases its shareholding in OneWeb to 22.9%
PARIS, FRANCE: Eutelsat Communications has increased its shareholding in OneWeb for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%. Eutelsat has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti. Owned by Bharti Enterprises (38.6%); OneWeb is a global communications company building a capability to…
Readly International to acquire ePresse owner, Toutabo, for EUR8.2mn
PARIS, FRANCE: Readly International AB, the European category leader within digital magazine subscriptions, has entered into an agreement to acquire 97.3% of the issued shares in Toutabo SA, a leading subscription provider in France and owner of the digital subscription provider ePresse, from the founders and the institutional owners. The total purchase price amounts to…
DFDS orders 100 electric Volvo trucks for European logistics network
OSLO, NORWAY: DFDS A/S has ordered 100 electric Volvo trucks for logistics network, which is Europe’s largest heavy-duty electric truck order to date. New electric Volvo trucks will be deployed throughout DFDS’ European logistics network during 2022 and 2023, a bourse filing said. “The order of electric trucks marks the beginning of a transition to…
Stonepeak to acquire Teekay LNG in a $6.2 billion deal
HAMILTON, BERMUDA: Teekay LNG Partners L.P. and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that they have entered into an agreement and plan of merger. Under the Merger Agreement, investment vehicles managed by Stonepeak will acquire (a) all the issued and outstanding common units representing limited partner units in…
Rexel buying electrical products distributor, Mayer, for $456mn
PARIS, FRANCE: Rexel has reached agreement to acquire Mayer Electric, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the world’s leading market for electrical products and services supplies. Headquartered in Birmingham, Alabama, founded in 1930 and owned by the Collat family, Mayer…
Xplora extends Nordic reach through Telia agreement
OSLO, NORWAY: Xplora Technologies announced a supplier agreement with Telia AB for the distribution of Xplora’s X5 Play eSIM smartwatches combined with Goplay subscriptions in the Swedish market. The Telia launch is live today in online and retail sales outlets in Sweden. Xplora, the industry leader in the market for children’s smartwatches extends its reach…
OCI and ADNOC to sell 13.8% Fertiglobe shares in ADX IPO
AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe plc announced their intention to proceed with an initial public offering (IPO) of Fertiglobe and to list its shares for trading on the Abu Dhabi Securities Exchange (ADX). OCI and ADNOC intend to collectively offer 13.8% of Fertiglobe’s issued share capital in the offering….
Quadpack acquires Stefan Wicklein Kunststoffveredelung
PARIS, FRANCE: Quadpack Industries, manufacturer and provider of packaging solutions to the global beauty industry, has acquired German decoration specialist Stefan Wicklein Kunststoffveredelung GmbH, one of the world’s leading providers of full hot stamping technology, also known as hot-foil stamping. The acquisition expands Quadpack’s decoration know-how and service offering, as it aims to become a…