PARIS: Capgemini (Euronext Paris: CAP), a global leader in business and technology transformation, has entered into a definitive agreement to acquire WNS (NYSE: WNS), a top digital-led business process services firm, for $76.50 per share in cash, valuing the deal at approximately $3.3 billion. The transaction, approved by both companies’ boards, represents a 28% premium…
Category: Euronext
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Euronext’s Athens Stock Exchange acquisition on the cards
Euronext is in discussions to purchase up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal, according to Reuters. The move would mark the latest expansion for the pan-European exchange operator, which already runs markets in France, the Netherlands and other countries. On Tuesday, Euronext announced plans to…
BNP Paribas to acquire HSBC’s German Custody Business
FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian and depositary bank in Germany, aligning with its growth strategy in institutional funds and financial…
ArcelorMittal acquires Nippon Steel’s stake in Calvert Steel facility, deepens U.S. investment
CALVERT: ArcelorMittal announced Thursday it has completed the acquisition of Nippon Steel Corporation’s 50% stake in AM/NS Calvert, gaining full control of the Alabama-based steelmaking facility. The deal, finalized under the terms of an Equity Purchase Agreement signed in October 2024, rebrands the site as ArcelorMittal Calvert. The facility, originally built by ThyssenKrupp at a…
TotalEnergies acquires 25% stake in U.S. offshore exploration leases from Chevron
HOUSTON: TotalEnergies SE has agreed to acquire a 25% working interest in a portfolio of 40 offshore exploration leases from Chevron Corp. in the U.S. Gulf of Mexico, the company announced Monday. The leases, located on the Outer Continental Shelf, cover approximately 1,000 square kilometers (386 square miles) and are situated 175 to 330 kilometers…
TotalEnergies partners with Mistral AI to advance AI innovation in energy sector
PARIS: TotalEnergies and French artificial intelligence firm Mistral AI announced a collaboration Tuesday to accelerate AI-driven innovation in support of the energy company’s multi-energy strategy, with a focus on low-carbon solutions. The partnership will establish a joint AI innovation lab staffed by teams from both companies. Mistral AI will provide its advanced AI technologies, while TotalEnergies…
L’Oréal to acquire majority stake in British skincare brand Medik8
PARIS: L’Oréal Group announced Monday that it has signed an agreement to acquire a majority stake in British skincare brand Medik8, which will join its Luxe Division. According to a statement, Private equity firm Inflexion will retain a minority stake in Medik8, while founder Elliot Isaacs will remain on the board. The current management team will also stay…
TotalEnergies acquires UK solar, battery storage projects from Low Carbon
PARIS: TotalEnergies has acquired a portfolio of renewable energy projects in the U.K. from developer Low Carbon, the company announced Tuesday. The deal includes eight solar projects with a combined capacity of 350 megawatts and two battery storage projects totaling 85 megawatts. The solar projects, in an advanced development stage, are expected to be operational by 2028….
TotalEnergies sells 12.5% stake in Nigerian offshore field for $510 million
PARIS: TotalEnergies announced Wednesday that its subsidiary, TotalEnergies EP Nigeria Ltd., has agreed to sell its 12.5% non-operated interest in Nigeria’s OML118 Production Sharing Contract to Shell Nigeria Exploration and Production Company Ltd. for $510 million. The OML118 PSC, located about 120 kilometers (75 miles) south of the Niger Delta, includes the Bonga field, which began production…
Stellantis appoints Antonio Filosa as new CEO
MILAN: Auto giant Stellantis appointed North American Chief Operating Officer Antonio Filosa as its new chief executive Wednesday, ending a monthslong search to fill the company’s leadership void. The multinational conglomerate, which owns brands including Jeep, Dodge, Fiat, Chrysler and Peugeot, said it will hold an extraordinary shareholder meeting in the coming days to elect…
Signify names As Tempelman as new CEO
EINDHOVEN: Signify (Euronext: LIGHT), the world’s leading lighting company, announced Wednesday that As Tempelman will become its new chief executive officer starting Sept. 1, pending his appointment to the Board of Management. Current CEO Željko Kosanović will remain interim leader until then. “We are thrilled to appoint As Tempelman as CEO of Signify,” said Gerard…
Rémy Cointreau announce Franck Marilly as Chief Executive Officer of the Group
The Board of Directors is pleased to announce the arrival of Franck Marilly as the Group’s Chief Executive Officer. He will take office on June 25, 2025, succeeding Éric Vallat. With a rich professional background of more than 30 years within renowned luxury and cosmetics groups, such as Chanel, Unilever and the Japanese group Shiseido,…