PARIS: Amundi and Victory Capital have signed a Memorandum of Understanding that will significantly reshape the investment management landscape. The agreement outlines a strategic plan to merge Amundi US into Victory Capital, granting Amundi a 26.1% stake in Victory Capital and establishing comprehensive global distribution agreements. This proposed transaction is poised to create a more…
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Sidetrade to acquire majority stake in SHS Viveon AG at €3.00 per share
PARIS, FRANCE: Sidetrade, the global leader in AI-powered Order-to-Cash applications, is to acquire a majority stake in SHS Viveon AG, a German leader in credit risk management software. Sidetrade today announced that it has entered into binding agreements with shareholders of SHS Viveon AG to acquire more than 50% of all outstanding shares in SHS…
ALGREEN in talks with LUMILIITE to sell its 51% stake in subsidiary SA NAKA
PARIS: The ALGREEN group (Paris: ALGRE), specialized in multi-activity agribusiness, with a strategy to integrate companies, industries, farms, and brands within the same group while favoring traditional and innovative SMEs, has entered into negotiations with LUMILIITE for the sale of its 51% stake in its subsidiary SA NAKA. SA NAKA markets a range of sparkling…
Berkshire Hathaway Specialty Insurance appoints Louis du Ché as country manager France
PARIS: Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Louis du Ché as the new Country Manager for France. Du Ché, who has been serving as the Country Manager for Belgium, will now extend his leadership to include France, a key market for BHSI’s continued growth. Alessandro Cerase, Head of Europe at BHSI,…
Claranova appoints Eric Gareau as Chief Executive Officer
PARIS: Claranova (Paris:CLA), a leading global technology company, announced the appointment of Eric Gareau as Chief Executive Officer, effective immediately. Mr Gareau succeeds Pierre Cesarini, who is leaving the company. Mr. Gareau has been the CEO of Avanquest, Claranova’s software publishing and distribution division, since 2021. He successfully led Avanquest’s transition to a subscription-based sales…
VINCI invests €50 million in renewable powerhouse NatPower SA
PARIS: Global infrastructure titan VINCI has sealed a deal to invest approximately €50 million into NatPower SA, the dynamic renewable energy platform known for its vigorous activity in Italy, Great Britain, and the United States since its inception in 2019. The investment package includes the purchase of a 10% equity share from NatPower’s founding visionary,…
Taranis invests in chemical plastics recycling company, Pryme N.V.
OSLO, NORWAY: Taranis Investment Limited, through its Taranis Carbon Ventures fund, made an investment of EUR 10 million into Pryme, an innovative cleantech company focused on converting plastic waste into valuable products through a fully electrical pyrolysis technology on an industrial scale. Pryme has developed a new cost-effective approach to pyrolysis that allows used plastic…
Societe Generale to sell Marocaine de Banques and La Marocaine Vie for EUR 745 million
PARIS, FRANCE: Societe Generale Group has signed two contracts with Saham Group with a view to sell Société Générale Marocaine de Banques including its subsidiaries and La Marocaine Vie. The two Groups also outlined the framework for a long-term business partnership. Societe Generale’s Board of Directors, which met on 11 April 2024 under the chairmanship…
Roche Bobois SA to acquire majority stake in Chinese franchise
PARIS, FRANCE: Roche Bobois SA, the esteemed leader in luxury furniture and French Art de Vivre, has announced its intent to acquire a majority interest in its franchised stores across China. This decision follows the company’s successful franchise acquisitions in the United States and France, marking a significant step in its expansion into the lucrative…
Azelis acquires distribution business of DBH Osthandelsgesellschaft mbH
ANTWERP: Azelis (AZE), a leading global innovation service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire the distribution business of DBH Osthandelsgesellschaft mbH (DBH), a specialty chemicals distributor focused on AM&A (Advanced Materials & Additives) in Germany and Central & Eastern Europe (CEE). The transaction is expected to…
IDI acquires a majority stake in the capital of EXSTO
PARIS: A leading player in private equity in France, IDI announced the acquisition of a majority stake in the capital of EXSTO, a French group that is a leader in the high-performance elastomer sector. Founded in 1976 and based in Romans-sur-Isère, EXSTO specializes in molded and/or machined high-performance elastomer solutions for critical domains. The group…
Air Liquide expands homecare services in Belgium and Netherlands
PARIS: Air Liquide has acquired homecare entities in Belgium and the Netherlands, supporting 10,000 patients with chronic conditions. The €10 million turnover operation adds to the Group’s existing support of 2 million people worldwide and aligns with its focus on Home Healthcare as a priority development area. The acquisition includes VitalAire, Air Liquide’s Home Healthcare…