ROTTERDAM: IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD Benelux has acquired 100% of Gova Ingredients, a prominent ingredients distributor for the beauty and personal care market in the Benelux. Established in 1999 and headquartered in Hoogerheide, Netherlands, Gova provides an extensive portfolio of cosmetic actives and functional ingredients….
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Carrefour buybacks 25 million shares from Galfa
PARIS: Retail giant Carrefour has announced a significant share buyback, acquiring 25 million of its own shares from Galfa, a subsidiary of the Motier group. This transaction, representing approximately 3.5% of Carrefour’s capital, will see Galfa’s remaining stake in the company adjust to 7.71% of the capital and 13.3% of the voting rights. This buyback…
Edenred will acquire the energy cards business of IP Gruppo api (IP)
PARIS, FRANCE: Edenred, a global leader in B2B Mobility solutions will fully acquire the energy cards business of IP Gruppo api (IP), Italy’s leading private fuel and mobility company. The energy cards business of IP Gruppo api (IP) encompasses a portfolio of around 50,000 B2B clients. The scope of the transaction also includes a long-term…
KPN gains ACM approval for Youfone acquisition
AMSTERDAM: The Netherlands Authority for Consumers and Markets (ACM) has given its unconditional consent for KPN to proceed with the acquisition of Youfone. This decision comes after KPN’s initial announcement on June 22, 2023, regarding their plans to acquire Youfone. The completion of this acquisition is anticipated to occur in the early part of April….
Renault and Volvo launch Flexis SAS for next-gen electric vans
PARIS: Renault Group and Volvo Group have announced the completion of their joint venture, Flexis SAS, marking a significant leap in the production of next-generation electric vans. The new venture, which follows the binding agreements signed on October 6th, 2023, has received all necessary regulatory approvals and is poised to revolutionize urban logistics with its…
Hynion and Toyota Norway enter cooperation to drive infrastructure for hydrogen in Norway
OSLO, NORWAY: Toyota Norway and Hynion are now expanding their cooperation, and Toyota is stepping in with operating support to contribute to Hynion’s costs for the hydrogen refueling station at Høvik. The aid will be used for necessary plant upgrades and other improvements that will increase the capacity and the availability of hydrogen at the…
N.I Group acquires Banefjell AS and SLAM Jernbaneteknikk for NOK 108.3m
OSLO, NORWAY: ININ Group’s subsidiary Nordic Infrastructure Group AS (N.I Group) has today signed the share purchase agreements to acquire 100 percent of the shares in Norwegian railway contractors Banefjell AS, and SLAM Jernbaneteknikk AS. “The acquisition of Banefjell strengthens Nordic Infrastructure Group’s position in south-west Norway, and will enable us to jointly take on…
X5 Retail Group announces stellar performance amid market challenges
AMSTERDAM – X5 Retail Group N.V., a dominant player in the Russian food retail market, has released its 2023 Annual Report, showcasing a year of robust growth and strategic achievements despite market volatility. CEO Igor Shekhterman highlighted the company’s resilience and commitment to excellence, which were evident in the impressive financial results and expansion milestones…
TotalEnergies restarts gas production from Tyra hub in the Danish North Sea
PARIS: TotalEnergies announced the restart of production from the Tyra hub in the Danish North Sea, after the completion of a major redevelopment project of this hub. At plateau, the Tyra hub will produce 5.7 million cubic meters of gas and 22,000 barrels of condensate per day, once again making Denmark self-sufficient and a net…
Waga Energy secures €52 million for global expansion in oversubscribed offering
PARIS, FRANCE: Waga Energy, renowned for transforming landfill gas into Renewable Natural Gas (RNG), has announced a triumphant capital increase of €52 million. The accelerated bookbuild offering, which was initially targeted at a minimum amount, saw a 15% increase due to overwhelming demand from both international and French investors. The fresh capital, raised through the…
Crédit Agricole and Worldline launch joint venture for merchant payment services
PARIS, FRANCE: Crédit Agricole and Worldline have received the green light from the European Commission to establish a joint venture aimed at revolutionizing digital payment services for merchants across France. The partnership is set to position the new entity as a formidable force in the French payment services sector. The inaugural Board meeting, which took…
Bureau Veritas unveils LEAP I 28 strategy; Redefines industry standards with sustainability focus
PARIS: Bureau Veritas, a global leader in Testing, Inspection, and Certification (TIC), has unveiled its ambitious 2028 strategy, aiming to redefine industry standards through customer-centricity and sustainability. The strategy, LEAP I 28, focuses on Portfolio, Performance, and People, with a commitment to CSR. The company targets high single-digit revenue growth, improved operating margins, double-digit shareholder…