SYDNEY — GreenX Metals Limited (ASX:GRX, LSE:GRX) announced Monday it has completed the acquisition of a 90% stake in Group 11 Exploration GmbH, securing full control of the expanded Tannenberg Copper Project in central Germany. The completion follows GreenX’s exercise of an option under a Joint Venture and Earn-in Agreement signed in August 2024. Since the…
COLUMBUS – Worthington Steel, Inc. (NYSE: WS) confirmed it is engaged in negotiations with Klöckner & Co SE (ETR: KCO) regarding a potential voluntary public takeover offer for the German steel distributor. In a brief statement, the Ohio-based metals processor emphasized that no final investment decision has been made and cautioned that the discussions may…
HELSINKI: Incap Corporation has signed an agreement to acquire 100% ownership of Lacon Group, a well-established EMS company with advanced ODM capabilities and modern facilities in Germany and Romania. The acquisition accelerates Incap’s growth strategy by strengthening its position in defense, railway technology, and medical technology sectors, where Lacon Group has reputable customers. With the acquisition,…
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…
BIELEFELD – HgCapital Trust plc (HgT), today announces an investment of approximately £19 million in Diamant Software GmbH. HgT invests alongside other institutional clients of Hg, which is investing from its Hg Genesis Fund. These figures only relate to HgT’s share of Hg’s overall investment in Diamant Software. HgT, whose shares are listed on the…
OVERATH: Copeland, a global leader in sustainable climate solutions, announced Friday it has reached an agreement to acquire SPH Sustainable Process Heat, a Germany-based industrial heat pump technology company. The acquisition is expected to strengthen Copeland’s industrial heating portfolio, enabling broader delivery of high-temperature heat pump solutions under its Vilter brand. SPH will continue to…
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
BERLIN: A profound generational shift is underway in Germany, a nation long known for its conservative financial habits and a deep-seated love for Betongold (concrete gold), or real estate. The newest generation of investors, Gen Z and Millennials, are boldly turning away from traditional assets and embracing the stock market as their primary vehicle for long-term wealth…
LONDON: Compass Group PLC (LSE: CPG), a global leader in food services, said Tuesday it has agreed to acquire Netherlands-based Vermaat Groep B.V. for an enterprise value of approximately €1.5 billion, expanding its premium food offerings across Europe. Vermaat is a multi-sector operator known for its customized on-site food concepts and consumer-oriented retail services. With…
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…
FRANKFURT: Commerzbank, Germany’s second-largest lender, announced Thursday it will eliminate 3,900 full-time positions by 2028, primarily in Germany. This move is part of a broader strategic overhaul aimed at maintaining its global headcount at 36,700, despite planned staffing increases in selected international locations. In its strategic update, Commerzbank projected it would incur around 700 million…
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s indirect contribution to Origin II is anticipated to be up to £19 million, which relates…