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Vetropack : Fiscal year characterised by COVID-19 pandemic – Vetropack Group results at a good level

Dear Shareholders,
In a challenging environment shaken by the Covid-19 pandemic, Vetropack Group achieved an EBIT margin of 11.5% (2019: 12.5%).
Consolidated net sales stood at CHF 662.6 million (2019: 714.9 million).
At the end of the year, the Group acquired a glass works in Moldova in a takeover which was financed by the Group s own funds.
Vetropack Group consistently drove forward its successful expansion strategy and acquired the
Moldovan Glass Container Company S.A. glass works on 10 December 2020. With this acquisi tion, the Group is growing in a region where it has been successfully manufacturing and selling glass packaging for almost three decades. The new subsidiary fits seamlessly into Vetropack s markets in Central and Eastern Europe. ....

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Tilt Renewables agrees to $2.1 billion takeover, shares hit record

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(Reuters) - New Zealand s Tilt Renewables Ltd said on Monday it would be acquired by a consortium including its second-largest shareholder and Australia s AGL Energy Ltd for NZ$2.94 billion ($2.10 billion), sending its shares to an all-time high.
The deal was the first major piece of M&A activity in New Zealand this year, which comes amid a push from companies and investors for decarbonisation and a move towards clean, renewable energy.
Powering Australian Renewables (PowAR), a partnership between AGL, investment manager QIC and Australia s sovereign wealth fund, will buy Tilt s Australian business, while 19.9%-shareholder Mercury NZ Ltd will buy its New Zealand business. ....

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Welcome To IANS Live - INTERNATIONAL - Aus hotel locked down over likely Covid spread

Last week, a local doctor had tested positive for the B117 strain of virus after treating two patients who were transferred from the hotel to a nearby hospital, Xinhua news agency reported on monday.Subs ....

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Tech Mahindra acquires 70% stake in Perigord

By
siliconindia | Monday, 15 March 2021, 10:13 Hrs
Digital transformation services provider Tech Mahindra on Monday announced it has acquired 70 per cent stake in Perigord, a leading supplier of consultancy and labelling artwork solutions to the pharmaceutical industry globally, for an undisclosed sum.
This acquisition will help Tech Mahindra to augment expertise in the global pharmaceutical, healthcare and life science (HLS) sectors, the company said in a statement.
Perigord s disruptive proprietary platform and expertise in the artwork space and life sciences industry will add significant value to our offerings and capabilities, said Vivek Agarwal, President, BFSI, HLS and Corporate Development, Tech Mahindra.
The acquisition is a part of Tech Mahindra s long-term plan to build presence across key markets in Ireland, Germany, the US and India with enhanced global delivery. ....

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RWE Acquires Further 20% Stake in British Offshore Wind Farm From E.ON

By Giulia Petroni
RWE AG said Friday that it has acquired a further 20% stake from E.ON SE in British offshore wind farm Rampion, reaching majority ownership of the 400-megawatt farm.
The German energy player said it now holds a 50.1% stake in the farm, with the remaining 49.9% held by a Macquarie-led consortium and Canadian energy company Enbridge Inc.
RWE didn t disclose the stake purchase price, which has been agreed on confidentially, it said.
The transaction is expected to close in the first half of the year.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires ....

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