Norway Sovereign Fund Opposes Electing Total CEO Pouyanne as Director
Posted on 05/23/2021
Norway Government Pension Fund Global is a sovereign wealth fund managed by Norges Bank Investment Management. The wealth fund plans to vote against the re-election of Total SE’s Patrick Pouyanne as director of Total at at the May 28 shareholder meeting. Total’s board has proposed renewing Pouyannes’s term as director.
Patrick Pouyanne is currently both chairman and chief executive officer of Total. In May 2006, Pouyanne joined Total’s management committee, and was named deputy general manager of the refining and chemistry department in 2011. He joined Total’s executive committee and was named president of the refining chemicals department in 2012. After the aircraft crash in Moscow which killed Total CEO Christophe de Margerie in October 2014, Pouyanne was appointed CEO and president of the executive committee.
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Franco-Emirati Fund Invests in Omni-Pac Group
Posted on 05/20/2021
French private equity firm Latour Capital led a group of investors to acquire Omni-Pac Group. Investors in the group include Franco-Emirati Fund (an investment partnership between Bpifrance and Mubadala Investment Company), Freemont, IDA, Motion Equity Partners, and company management at Omni-Pac.
The sellers are funds advised by Motion Equity Partners and Arkéa Capital. This deal was talked about back in February 26, 2021.
Omni-Pac Group works in the sustainable packaging market.
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