The Colonial Group to enhance its stake in its Paris subsidiary SFL listed on Euronext Paris through the acquisition jointly with SFL of the 12.9% stake held in SFL by Predica and the launch of a voluntary
TeraPlast Group announces the closing of the transaction for the sale of the steel products division to Kingspan Group. On February 26, the shares of TeraPlast in TeraSteel Romania and Serbia, respectively Wetterbest, were transferred to Kingspan, at which point the transaction price of 373 million RON was paid.
Following the sale, TeraPlast Group shall be redimensioned and continues its activity through TeraPlast, TeraGlass, TeraPlast Recycling, TeraPlast Folii Biodegradabile and Somplast, with a strong focus on the plastics products.
“After 2020, which was another record-breaking year in the history of TeraPlast Group, finalizing this transaction is another good news which we bring to our shareholders. We have the financial resources to finance our growth plans as well as to pay a special dividend to our shareholders. We are working relentlessly to implement the investments co-financed by the state aid scheme. One of the new lines is already producing and all production lines w
Universal Music Unveils IPO Plan for Later This Year
Jem Aswad, provided by
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Vivendi plans to list 60% of its share of Universal Music Group on the Euronext market in Amsterdam by the end of the year, according to announcements from the companies in the early hours of Saturday. The minimum target value for the company is 30 billion Euros, or around $36 billion.
In a letter to employees obtained by Variety, UMG CEO and Chairman Sir Lucian Grainge wrote, “I couldn’t be prouder: not only is this a validation of our strategy, our teams, and our unprecedented record of success, it’s a natural evolution in the storied history of our company that will enable our entrepreneurial and creative culture to continue to soar.