SANDVIKA: Norconsult Norge AS, a subsidiary of Norconsult ASA, has acquired the Oslo-based planning and analysis company Concreto AS. The company operates mainly within buildings, infrastructure and urban planning. Concreto’s services primarily focus on economic analysis as a basis for decision-making by project owners in the early phases of projects. These services encompass early phase…
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Tikehau Capital and UOB-Kay Hian launch new private credit fund for Asia Pacific
PARIS: Tikehau Capital, a global alternative asset management group, and UOB-Kay Hian, a leading brokerage firm in Southeast Asia, have announced the launch of a new private credit fund for Asia Pacific. The fund aims to provide financing to mid-sized corporates in the region, focusing on growth, working capital, and refinancing lending. Both sponsors have…
Verallia to acquire Vidrala’s glass business in Italy for €230 million
PARIS: Verallia, one of Europe’s main producers of glass packaging for beverages and food products, announced on Monday that it has entered into an agreement to acquire Vidrala’s Italian subsidiary, a leading glass container manufacturer in Italy. The transaction, which amounts to €230 million in enterprise value, reflects Verallia’s willingness to further invest in a…
VINCI Highways acquires Denver’s Northwest Parkway concession
PARIS, FRANCE: VINCI Highways, a subsidiary of VINCI Concessions, has signed an agreement to acquire NWP HoldCo LLC, the company that holds the concession contract of Denver’s Northwest Parkway, a 14-km section of the city’s ring road in Colorado. The deal involves the purchase of 100% of the concession company, which is currently owned by…
Hoteles BESTPRICE reports record revenue and growth in 2023
PARIS, FRANCE: Hoteles BESTPRICE, a boutique hotel chain listed on the EURONEXT PARIS stock market, has announced its best year in history, with a net revenue of €5.46 million in 2023, a 29% increase from the previous year. The company also achieved an operating profit of €2.1 million, a 35% increase from 2022. The hotel…
Edenred acquires RB, a leading platform for employee transport benefits in Brazil
PARIS: Edenred, a global leader in digital services and payments, has announced the acquisition of RB, a Brazilian company that specializes in employee transport benefits. The deal will enhance Edenred’s offerings in the Brazilian benefits market, especially in the SME segment, and generate significant synergies. RB, founded in 1999, manages and issues transport cards and…
JCDecaux SE confirms evaluating the opportunity to sell its stake in APG|SGA
PARIS: JCDecaux SE, the number one outdoor advertising company worldwide, confirms that it has entered into an agreement with Pargesa Asset Management S.A., to evaluate an intended coordinated disposal of their stakes in APG|SGA of 30% and 25.3% respectively, following the announcement today of APG|SGA that its Board of Directors has decided to initiate a…
Casino’s restructuring leads to Rallye’s bankruptcy and loss of control
PARIS: Casino, a French retail giant, has received the approval of the Paris Commercial Court for its accelerated financial restructuring plan, which will massively dilute the stakes of its existing shareholders. The plan, which is expected to be completed by 27 March 2024, will reduce Casino’s debt by €3.6 billion and extend its maturities by…
Peugeot Invest exits Groupe SEB with €236 million deal
PARIS, FRANCE: Peugeot Invest has sold its entire stake in Groupe SEB, a French manufacturer of small appliances, for €236 million. The deal was done through a private placement to institutional investors at €106 per share, a financial news announcement noted. Peugeot Invest, an investment company majority-owned by Etablissements Peugeot Frères, had invested in Groupe…
Zaptec appoints Kurt Østrem as new CEO
OSLO, NORWAY: Zaptec ASA, the leading electric vehicle charging company, has announced that Kurt Østrem will be its new CEO, effective from 22nd February 2024. Østrem, who has been the CFO and Acting CEO of Zaptec for the third time, has been selected after a thorough and wide-ranging recruitment process. Stig H. Christiansen, Chair of…
Airbus and TotalEnergies join forces to decarbonize aviation with sustainable fuels
PARIS, FRANCE: Airbus and TotalEnergies have announced a strategic partnership to develop and supply sustainable aviation fuels (SAF) for the aviation industry. The partnership aims to help achieve net carbon neutrality of aviation by 2050, by reducing CO2 emissions up to 90% compared to fossil fuels, a financial news announcement noted. The partnership will focus…
Icade unveils its new strategic plan ReShapE for 2024-2028
AMSTERDAM: Icade, a leading French real estate company, has announced its new strategic plan ReShapE for 2024-2028 at its Investor Day in the Paris Orly-Rungis business park. The plan aims to respond to the changing needs and expectations of its customers and stakeholders, as well as the major climate-related challenges facing society. The plan is…