PARIS, FRANCE: TotalEnergies and Daimler Truck AG have signed an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean…
Saint-Gobain acquires a minority stake in Livspace
LONDON, UK: Saint-Gobain has acquired a minority stake in Livspace, a digital-first company that is rapidly growing in India and South-East Asia. Livspace is a digital-first intermediation platform offering end-to-end solutions for home interiors, from design to installation. Founded in 2015, Livspace is a market leader in India and has grown its business rapidly by…
Network International sells TG Cash for $74 million
LONDON, UK: Network International Payments (Network) announced the sale of its 50% shareholding in Transguard Cash LLC (TG Cash) to Transguard Group LLC, which will generate a total of approximately $74 million in cash. “Holding in TG Cash to be sold for c.USD 74 million, with the intention to deploy the cash proceeds into value…
Vodafone agrees to transfer Egypt business to Vodacom €2.7bn
LONDON, UK: Vodafone Group has agreed to transfer its 55% shareholding in Vodafone Egypt to Vodacom Group Limited, its sub-Saharan African subsidiary. This transfer simplifies the management of Vodafone’s African holdings and further strengthens the delivery of connectivity and financial services in Africa. Transaction rationale The transaction is expected to generate clear benefits for Vodafone,…
Glanbia plc to sell 40% holding in Glanbia Ireland for €307 million
LONDON, UK: Glanbia plc and Glanbia Co-operative Society Limited have signed a non-binding memorandum of understanding (MOU) for the sale of the 40% interest in Glanbia Ireland DAC to Glanbia Co-op for a purchase price of €307 million. Commenting today, Donard Gaynor Chairman of Glanbia plc said: “Glanbia Ireland has a successful heritage, and for…
Victoria PLC agrees to acquire Graniser for €8.4 million
LONDON, UK: Victoria PLC announce the further expansion of its existing ceramic tile business and operations, having agreed to acquire Graniser, a mid-market manufacturer and exporter of ceramic tiles based in Izmir, Turkey. Graniser prepares and files audited statutory financial accounts in Turkey, which were audited by Deloitte from 2013 to 2019, with KPMG appointed…
ID Logistics acquires GVT Transport & Logistics for €80 million
PARIS, FRANCE: ID Logistics, one of the European leaders in contract logistics, announced the acquisition of 100% of GVT Transport & Logistics. The transaction is based on a purchase price with an enterprise value of €80 million and will be fully paid in cash. ID Logistics will keep a sound financial structure with a leverage…
Nitro Software to acquire Connective NV for €70 million
SYDNEY, AUSTRALIA: Nitro Software Limited has entered into a binding agreement to acquire Connective NV for an enterprise value of €70 million, cementing Nitro’s position as a global eSign and document productivity SaaS platform. Connective NV is Belgium’s leading eSign SaaS business, with fast-growing market share in France and customers in 11 other European countries….
Alf Ianniello appointed MD and CEO of Codan Limited
SYDNEY, AUSTRALIA: Chairman of Codan Limited, David Simmons, announced that Alf Ianniello has been appointed Managing Director and Chief Executive Officer of Codan. Alf Ianniello will assume the role on 4 January 2022, replacing Donald McGurk, who will retire from this role at that time. Prior to this appointment, Alf Ianniello was Chief Executive Officer…
Otovo to acquire EDEA in an all share exchange deal
OSLO, NORWAY: Otovo AS has resolved to launch an offer to acquire all the shares in European Distributed Energy Assets Holding AS (EDEA). The offer will be a share-for-share exchange offer, where eligible shareholders in EDEA will be offered 1.7 shares in Otovo for each tendered share in EDEA. In the Offer, Otovo is valued…
MPC Energy enters Mexican market with acquisition of Los Santos Solar I
AMSTERDAM: MPC Energy Solutions (MPCES) has entered the Mexican renewable energies market with the acquisition of Los Santos Solar I. The solar photovoltaic (PV) project, located in Ahumada, Chihuahua, in the North of Mexico, is fully operational since 2017 and has an installed capacity of 15.8 MWp. The project is included in MPCES’s communicated advanced…
Believe names Denis Gorshkov as MD for Russia and CIS
PARIS, FRANCE: Believe, one of the leading digital music companies, has appointed highly experienced digital executive Denis Gorshkov as Managing Director for Russia and the Commonwealth of Independent States (CIS). It is also bolstering its local management teams in Russia and Eastern Europe as it lays the groundwork for the next phase of its growth…