PARIS – French industrial group Compagnie Chargeurs Invest said on Monday it has entered into exclusive negotiations to sell a majority stake in its protective films unit Novacel to U.S. investment firm KPS Capital Partners. Chargeurs intends to retain a 25% minority stake in Novacel and would use the cash proceeds from the all-cash deal…
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Fagron bolsters EMEA footprint with acquisitions of Amara and Magilab
BRUSSELS: Belgian pharmaceutical compounding firm Fagron said on Monday it had acquired the business of Poland’s Amara and Hungary’s Magilab to strengthen its position in the EMEA region, part of a strategy to diversify in dynamic markets. The company also said it had secured a new $225 million U.S. credit facility and received a key…
Veolia to buy US’s Clean Earth for $3 billion from Enviri Corp
PARIS – French water and waste group Veolia has agreed to acquire U.S. hazardous waste firm Clean Earth from Enviri Corp for $3 billion, a move that will double its U.S. footprint in the sector and create the country’s second-largest player. The deal, Veolia’s largest since its merger with Suez, marks a significant step in the…
Norwegian Block Exchange acquires 50% of Flip App to bridge crypto custody gap
OSLO – Nordic cryptocurrency platform Norwegian Block Exchange AS (NBX) said on Thursday it has agreed to buy a 50% stake in The Flip Company AS, a move that merges its regulated custodial services with a popular non-custodial wallet. The acquisition from Autonomous Investments AS values the deal at 4.4 million Norwegian crowns ($414,000), NBX said,…
UK tax plan would triple channel tunnel operator’s business rates, Eurotunnel says
LONDON/PARIS – The operator of the Channel Tunnel, Eurotunnel, said on Tuesday it faces a near 200% increase in its business rates bill from British authorities, a move it called “confiscatory” and a threat to its investment capacity in the UK. The planned hike, proposed by Britain’s Valuation Office Agency (VOA) as part of a triennial…
TotalEnergies to acquire 50% of EPH’s FlexGen platform in Europe valued at €10.6 billion
PARIS – TotalEnergies has signed agreement with Energetický a průmyslový holding, a.s. (EPH) for the acquisition of 50% of its flexible power generation platform (gas-fired and biomass power plants, batteries) in Western Europe (Italy, United Kingdom and Ireland, Netherlands, France), valued at €10.6 billion (enterprise value), i.e. a multiple of 7.6x 2026 EBITDA. Under the…
Wolters Kluwer to acquire legal AI assistant software provider Libra Technology GmbH for €90 million
ALPHEN AAN DEN RIJN: Wolters Kluwer Legal & Regulatory has signed an agreement to acquire Libra Technology GmbH (Libra), a Berlin-based provider of AI technology for legal professionals, for up to €90 million, of which €30 million is an upfront payment with the balance being deferred consideration contingent upon reaching certain performance targets. Libra has…
Nyxoah secures up to $154 million in combined financing
BRUSSELS: Nyxoah SA (Euronext Brussels/Nasdaq: NYXH), a medical technology company, announced Tuesday a combined financing package of up to approximately €67 million (U.S. $77.6 million) to support the commercialization and development of its Genio system for treating Obstructive Sleep Apnea (OSA). The financing consists of three components: a €17 million private placement in Europe, a…
New Sources Energy, Conduit Ventures sign MoU for strategic renewable energy collaboration
AMSTERDAM: New Sources Energy N.V. (NSE) and Conduit Ventures Ltd. (CV) said on Thursday they have signed a memorandum of understanding to form an exclusive strategic partnership aimed at jointly financing and developing renewable energy and energy efficiency projects. The collaboration will combine private and public equity mechanisms to support portfolio companies in the energy…
ABN AMRO to acquire NIBC Bank for EUR 960 million
AMSTERDAM – Today, ABN AMRO Bank N.V. announces that it has reached agreement with Blackstone to acquire NIBC Bank. With the acquisition, ABN AMRO will add further scale to its retail banking activities, reinforcing its strong position in the Dutch market. Established in 1945, NIBC is a well-managed largely Dutch focused entrepreneurial bank specialised in…
ArcelorMittal reports $1.5 billion EBITDA in third quarter amid market challenges
LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted basis,…
IMCD reports mixed results amid economic challenges, continues expansion through acquisitions
ROTTERDAM: Global specialty chemicals distributor IMCD N.V. reported a slight dip in a key profit metric for the first nine months of 2025, citing ongoing macroeconomic challenges and negative currency impacts, the company announced Thursday. The company’s operating EBITA, a measure of earnings, decreased 2% to 394 million euros ($422 million) compared to the same…