By John Revill ZURICH (Reuters) -Holcim has completed the spin-off of its North American business Amrize, which achieved a $30 billion valuation for the building materials supplier in early trading on Monday. Shareholders were given one Amrize share for every share in Holcim in the 100% spin-off of the business, which the Swiss-listed company said …
Cement maker Holcim completes $30 billion North American spin-off Read More »
PARIS (Reuters) -French private equity firm Eurazeo has led a 17-million-euro ($20 million) fund-raising round for German property-focused AI tech company aedifion, said the companies on Monday. The investment highlights how AI is being used in an increasingly broader range of corporate sectors. Aedifion has an AI-powered cloud platform that enables property firms to cut …
Eurazeo leads $20 million financing round for German AI firm aedifion Read More »
By Susanna Twidale LONDON (Reuters) -Britain’s Octopus Energy Group and Ukrainian energy company, DTEK, are seeking to raise 100 million euros ($115 million) over the next three years to help fund up to 100 solar and battery projects in Ukraine, the companies said on Monday. Since Russia’s invasion in 2022 around 70% of Ukraine’s thermal …
Octopus Energy, DTEK to raise $115 million for Ukraine solar and battery projects Read More »
BERLIN (Reuters) -German unlisted news and media marketing company Axel Springer SE said on Monday it is looking for a third pillar of business as a strategic hedge, part of a bid to double the group’s value over five years. In the search for the new area, the company will look for businesses that are …
Axel Springer looking for third business pillar in bid to double value Read More »
MILAN (Reuters) -Eni has reduced the presence of its personnel at the Zubair oil and gas field in Iraq as a precautionary move, a spokesman for the Italian energy group said on Monday. U.S. attacked key Iranian nuclear sites during the weekend, joining Israel in the biggest Western military action against the Islamic Republic since …
Eni reducing personnel at Iraq’s Zubair field as precautionary move Read More »
By Jonathan Cable LONDON (Reuters) -The euro zone economy flatlined for a second month in June, barely expanding as the bloc’s dominant services industry showed only a small sign of improvement and manufacturing displayed none at all, a survey showed on Monday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global and …
Euro zone growth stalls in June with sluggish services, manufacturing Read More »
(Reuters) -British healthcare real estate investor Assura on Monday recommended rival Primary Health Properties’ new 1.79 billion pound ($2.4 billion) takeover bid, which trumps a lower offer from KKR and Stonepeak Partners. The private equity firms and PHP have been competing over Assura for months, gradually sweetening their offers for the company that manages over …
UK’s Assura backs rival’s $2.4 billion offer over KKR-Stonepeak bid Read More »
By Kevin Buckland TOKYO (Reuters) -The Japanese yen, normally one of the most sought after safe havens in times of geopolitical stress, has dropped 2.4% against the U.S. dollar and 1.4% against the Swiss franc since Israel launched missile attacks against Iranian nuclear and military targets on June 13. CONTEXT Japan imports almost all its …
Japan’s yen sinks as spike in crude oil overpowers safe-haven appeal Read More »
LONDON (Reuters) -Britain aims to cut the electricity bills of thousands of companies from 2027, the key reform in its industrial strategy for the next decade, which it published on Monday. The main parts of its plan are below. ADVANCED MANUFACTURING Investment of up to 2.8 billion pounds ($3.76 billion) in R&D programmes over the …
UK backs advanced manufacturing, clean energy in ten-year industrial plan Read More »
OSLO (Reuters) -Norway’s Vaar Energi said on Monday that its Balder X oil and project had come on stream after its startup had been delayed several times. The project would extend the Balder field’s lifetime beyond 2045 and add 80,000 barrels of oil equivalent per day (boepd) in gross output, Vaar said in a statement. …
Vaar Energi’s Balder X oil and gas project comes on stream Read More »
