The announcement closely follows Danimer signing a partnership with Mars-Wrigley to develop home-compostable plastic packaging for the latter’s iconic SKITTLES candy brand.
“Georgia companies like Danimer continue to lead the way toward a green manufacturing future, and we are thrilled to be their partner as they push sustainable solutions forward,” says Georgia Governor Brian P. Kemp. “This major expansion is a testament to the increasing focus Georgia is putting on sustainability and innovation, supported by our highly skilled workforce, technical colleges, and business-friendly climate.”
The investment will add 400 jobs, quadrupling the size of Danimer’s workforce in Decatur County. Danimer went public in January through a Special Purpose Acquisition Company.
Michael Eisner
One of the drivers of the deal was the rise of NFTs and blockchain technology, which have become a growing business in the entertainment and collectibles industry.
Former Disney chief Michael Eisner has found his next deal.
Eisner will take the trading card and collectibles company Topps public through a deal with the Special Purpose Acquisition Company (SPAC) Mudrick Capital Acquisition Corporation II.
Eisner s Tornante company bought Topps in 2007 with Madison Dearborn Partners for $385 million. The deal announced Tuesday values Topps at $1.3 billion. Eisner, who said in a statement that he will not sell any of his shares in Topps after the deal is complete, will stay on as chairman of the public company. Michael Brandstaedter will remain CEO.
Internet initial public offering (IPO) news is coming from all corners: Flipkart, PolicyBazaar, Zomato, Ola, Freshworks, PepperFry, Nykaa and Delhivery are all at various stages of finalising their plans. According to an HSBC Global Research report, more than $60 billion was invested in India’s internet sector in the past five years – around $12 billion of that in 2020 alone. There were 34 unicorns in India as of February, according to research firm Tracxn.
However, there is a bump. Most Indian start-ups are loss-making. Securities and Exchange Board of India (Sebi) rules make it nearly impossible for loss-making companies to list on Indian bourses National Stock Exchange (NSE) and BSE. Also, a set of Indian start-ups are listed in Singapore or held by a holding company there; these cannot list in India.
This Eastertide is not yet as joyful as we all hoped it would be even a few weeks ago, and the past year has been joyless indeed.
The lockdown may be easing, but achingly slowly. However, Easter is a time for reflection as well as celebration, so that gives us a little more time to think about the strange period we have been through and what might come next. This is a financial story and an economic story.
The financial story is quite extraordinary. Viewed from anywhere other than London this is a raging bull market.
The new normal?: This Eastertide is not yet as joyful as we all hoped it would be even a few weeks ago
HAMISH MCRAE: Time to reflect as world reopens dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.