NEDRE VATS: AutoStore Holdings has prices its initial public offer (IPO) at NOK 31/share. This price implies a market capitalization of AutoStore of approximately NOK 103.5 billion. AutoStore will sell 87.096 million treasury shares in connection with the Offering, raising an amount of NOK 2.7 billion. Funds/companies owned, managed or advised by Thomas H. Lee…
OCI and ADNOC complete Fertiglobe bookbuilding, raising over $795 million
AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe announced the successful completion of Fertiglobe’s IPO bookbuilding process, and the final offer price of its initial public offering (IPO). The price for the offering has been set at AED 2.55 per ordinary share and the offering size confirmed at 1.145 billion ordinary shares,…
Air Liquide acquires 100% stakes in H2V Normandy
PARIS, FRANCE: Air Liquide has increased its shareholding in H2V Normandy to 100% from previously held 40%. Renamed Air Liquide Normand’Hy, this company aims to build a large-scale electrolyzer of at least 200 MW for the production of renewable hydrogen in France. This strategic investment will support the development of a low-carbon hydrogen ecosystem in…
Saint-Gobain acquires Mexico-based IMPAC
LONDON, UK: Saint-Gobain has entered into an agreement to acquire IMPAC, a leader in construction chemicals solutions in Mexico. IMPAC recorded sales of close to €50 million in 2020. It operates one plant in Monterrey and employs about 630 people. This acquisition is fully in line with the “Grow & Impact” plan unveiled on October…
Agronomics leads $4 million seed funding for California Cultured
LONDON, UK: Agronomics, the leading listed company focused on the field of cellular agriculture, has led a Seed Funding Round for with a US$ 2.2 million investment for California Cultured Inc. The financing is in the form of a SAFER (Simple Agreement for Future Equity). Joining the round includes global venture firm SOSV’s IndieBio. The…
TPL Group’s Rider raises $2.3 million in seed funding round
KARACHI, PAKISTAN: TPL Group backed Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman…
Facebook slapped £50.5 million fine over enforcement order breach
LONDON, UK: Facebook has been fined £50.5 million for breaching an order imposed by the CMA during its investigation into Facebook’s purchase of Giphy. It is standard practice to issue an initial enforcement order (IEO) at the start of an investigation into a completed acquisition. This ensures that companies continue to compete with each other…
Balfour Beatty signs largest sustainable linked loan in the UK construction sector
LONDON, UK: Balfour Beatty, the international infrastructure group, has reached agreement for the conversion of its £375 million revolving credit facility (RCF) to the largest sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024. The agreement further demonstrates the Group’s commitment to Sustainability, following the release of its…
Airbus-led consortium selected for European mobile broadband project
PARIS, FRANCE: Airbus DS SLC-led consortium that includes STREAMWIDE, has been selected for Phase 3 of the BroadWay PCP Innovation pan-European interoperable mobile broadband project for public security and disaster relief. Following the successful completion of Phase 2 last July, Airbus’ submitted offer has thoroughly convinced the Technical Validation Committee (TVC) and Lead Procurer for…
Tufton Oceanic divests Handysize Bulker Dragon for $16.2m
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited has agreed to divest the Handysize Bulker Dragon for $16.2m. The vessel is, taking its charter into account, being sold for 119% of depreciated replacement cost (“DRC”). It was acquired for 74% of DRC in 2018. This sale of Handysize Bulker Dragon, together with the Handy…
David Lowden appointed Chairman-designate at Diploma Plc
LONDON, UK: Diploma PLC has appointed David Lowden as an independent non-executive director and Chairman-designate. David joined the Board as a non-executive director on 19 October 2021 and he will succeed John Nicholas as the Company’s Chairman at the conclusion of the AGM on 19 January 2022 when John will stand down from the Board…
Shayne Tan appointed Chief Operating Officer of GSTechnologies
LONDON, UK: GSTechnologies Limited, the fintech and information technology solutions company, announced the appointment of Tan Guan Han, Shayne (Shayne Tan), an existing Executive Director, as the Company’s new Chief Operating Officer with immediate effect. Shayne Tan, who joined the GST board in January 2021, holds a Bachelor of Business Management Degree from Singapore Management…