AMSTERDAM – CTP N.V., Europe’s largest listed logistics and industrial real estate group, is accelerating its growth by expanding into Italy, acquiring developer VLD S.r.l. for €241 million in a move that significantly boosts its landbank and development pipeline. The acquisition, from the FBH Group, grants CTP a strategic landbank of 8.7 million square meters (sqm)…
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Gimv to acquire stake in Equine Care Group to fuel global expansion
ANTPWERP – European private equity firm Gimv has agreed to acquire a minority stake in Equine Care Group (ECG) from Belgian family-owned investor CNP, the companies said on Thursday, in a deal aimed at accelerating the veterinary group’s international growth. Under the definitive agreements, CNP will remain the lead strategic partner and majority owner of ECG,…
AFYREN secures €23 million from Kemin, Bpifrance to boost bio-refinery
PARIS – French green technology company AFYREN (Paris:ALAFY) said on Wednesday it has raised 23 million euros in a share capital increase from industry leader Kemin Industries and state-backed investor Bpifrance to fund an expansion of its flagship bio-refinery. The capital increase was subscribed by Kemin Industries, a global specialty ingredients maker and a customer of…
ABN AMRO to sell Alfam to Rabobank
AMSTERDAM: Today, ABN AMRO announces that it has reached an agreement on the sale of its fully-owned subsidiary Alfam, ABN AMRO’s personal loan business, to Rabobank. ABN AMRO will continue to offer personal loans to its clients, now via a third-party arrangement with Rabobank. The personal loans market is highly competitive, making scale increasingly important….
OCI Global agrees to sell OCI Ammonia Holding for EUR 290 million
AMSTERDAM: OCI Global (Euronext: OCI) a leading global producer and distributor of nitrogen products today announced that it has reached an agreement for the sale of 100% of its equity interests in OCI Ammonia Holding B.V. to AGROFERT. AGROFERT is a significant European nitrogen products manufacturer. The total consideration of the deal is EUR 290…
France’s Chargeurs in talks to sell majority stake in Novacel to KPS Capital Partners
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…
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…