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…
LUXEMBOURG: ArcelorMittal, the world’s leading steel and mining company, announced third-quarter earnings of $1.5 billion in EBITDA on Wednesday, demonstrating what it called “resilient operating results at the bottom of the cycle.” The company reported net income of $377 million, or $0.50 per share, for the three months ended Sept. 30, 2025. On an adjusted…
TOKYO — Tokyo Gas Co., Ltd. (9531.T) unveiled its FY2026–2028 Medium-term Management Plan on Wednesday, aiming to accelerate profit growth and achieve its Compass2030 profit target ahead of schedule through disciplined capital recycling and strategic investments totaling up to ¥1.3 trillion. The Japanese energy giant plans to generate ¥400 billion in free cash flow…
BINDING AGREEMENT SIGNED RE SMITHS INTERCONNECT LONDON: Smiths Group plc has entered into an agreement for the sale of Smiths Interconnect to Molex Electronic Technologies Holdings, LLC . The transaction values Smiths Interconnect at an enterprise value of £1.3bn, representing 15.1x headline EBITDA of £86.1m for the fiscal year 2025. Smiths will receive cash consideration for the…
LONDON: British hotel group Whitbread Plc on Thursday reported a dip in first-half profit, pressured by a softer German market and the restructuring of its food and beverage operations, but reaffirmed its ambitious five-year plan to boost profitability and return £2 billion to shareholders by 2030. The owner of the Premier Inn chain said adjusted…
LONDON: GB Group (GBG), a global identity technology business enabling safe and rewarding digital lives, has acquired DataTools Pty Ltd (“DataTools”), a leading provider of address validation and data quality solutions in Australia and New Zealand. This bolt-on acquisition adds scale where GBG is already enjoying strong growth, deepening our existing address verification…
AGA’s NAV fell to €1.11 billion as of June 30, down from €1.23 billion at year-end 2024 LONDON: Apax Global Alpha Limited (AGA) reported a decline in net asset value (NAV) for the first half of 2025, as the private equity investment company prepares for a recommended cash acquisition by Janus Bidco Limited. AGA’s…
For FY 2025, IWG expects cashflow to rise 40% to at least $140 million LONDON: International Workplace Group plc (IWG), the world’s largest hybrid workspace provider, reported its highest-ever system-wide revenue of $2.2 billion for the six months ended June 30, 2025, marking a 2% year-on-year increase. The company’s strategic focus on capital-light growth,…