Acquisition

CTS EVENTIM: Proposed sale of Vivendi’s festival and international ticketing activities to CTS EVENTIM

Retrieved on: 
Wednesday, April 10, 2024
Culture, Growth, Sale, Acquisition, Executive Committee, See Tickets, Music, CTS, Film industry

Paris/Munich, 2 April 2024 – CTS EVENTIM, a leading international provider of ticketing services and live entertainment, and Vivendi, a global leader in culture, entertainment, media and communications, have signed a put option agreement on the sale of Vivendi’s festival and international ticketing activities.

Key Points: 
  • Paris/Munich, 2 April 2024 – CTS EVENTIM, a leading international provider of ticketing services and live entertainment, and Vivendi, a global leader in culture, entertainment, media and communications, have signed a put option agreement on the sale of Vivendi’s festival and international ticketing activities.
  • Vivendi’s ticketing and festival activities that CTS EVENTIM is set to acquire collectively produced €137 million in revenues in 2023.
  • With CTS EVENTIM, Vivendi has found a fitting new home for its festival and international ticketing activities.
  • CTS EVENTIM has been in the festival business for many years, and is committed to continually expanding this vibrant segment.

EQS-News: WashTec AG: New revenue record and substantial 10.3% increase in EBIT with significant rise in free cash flow to €46.1m

Retrieved on: 
Wednesday, April 10, 2024
Annual, Annual report, Growth, Supervisory board, CFO, Supervision, Acquisition, Pharmaceutical industry

The year-on-year revenue growth was mainly due to the very positive performance in the chemicals business, where new customers were acquired.

Key Points: 
  • The year-on-year revenue growth was mainly due to the very positive performance in the chemicals business, where new customers were acquired.
  • Largely due to the implemented price increases and active cost management, EBIT rose by 10.3% to €41.9m (prior year: €38.0m).
  • Free cash flow increased significantly to €46.1m (prior year: €16.2m) despite the €9.5m acquisition of the site occupied by the American subsidiary.
  • The annual report for fiscal year 2023 and further information about WashTec can be found on the WashTec: Investor Relations Website .

Sunrise Wind receives federal record of decision, takes final investment decision

Retrieved on: 
Wednesday, April 10, 2024
Wind, Interior, Development, COP, National Environmental Policy Act, Bureau, BOEM, Acquisition, Capital, Woman, Eversource Energy, New Yorker, Workforce, USD, Hand, Rod, Record, Renewable energy

Sunrise Wind receives federal record of decision, takes final investment decision

Key Points: 
  • Sunrise Wind receives federal record of decision, takes final investment decision
    Sunrise Wind today received its Record of Decision (RoD) from the US Department of the Interior's Bureau of Ocean Energy Management (BOEM), crossing a critical milestone in the federal environmental review process for the offshore wind project serving New York.
  • Additionally, Ørsted and Eversource today announced they have jointly taken a final investment decision on Sunrise Wind, solidifying the commitment to build the project, and will now advance with some important onshore construction activities.
  • Sunrise Wind will bring USD 700 million of investment to Suffolk County and create 800 direct jobs and thousands of indirect jobs in the state.
  • With the federal Record of Decision in hand and our final investment decision having been made, we can continue to create hundreds of local union jobs and stand up a vibrant supply chain.

EQS-News: PNE AG: Targets achieved for fiscal year 2023 and growth course continues

Retrieved on: 
Wednesday, April 10, 2024
Wind, Tax, IPP, Farm, Supervisory board, Federal Network Agency, Nominal power (photovoltaic), PNE AG, Cuxhaven, Management, Acquisition, Stuvenborn, Plant, Investment, Depreciation, Geography, PNE, PV, PPA, Professional, Renewable energy

PNE AG is therefore in the upper range of the guidance for Group EBITDA of 30 to 40 million.

Key Points: 
  • PNE AG is therefore in the upper range of the guidance for Group EBITDA of 30 to 40 million.
  • "With the 'Scale up' strategy, we have initiated the further development of PNE AG into a Clean Energy Solutions Provider in 2017.
  • We have all achieved or, in some cases, significantly exceeded the ambitious targets we set ourselves for 2023.
  • In Italy and especially in Romania, the PNE Group achieved operational success on international markets in 2023.

EQS-News: MorphoSys Announces U.S. Antitrust Clearance of Proposed Acquisition by Novartis Under HSR Act

Retrieved on: 
Wednesday, April 10, 2024
MorphoSys, Takeover, Acquisition, HSR

MorphoSys AG (FSE: MOR; NASDAQ: MOR) today announced the receipt of U.S. antitrust clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the proposed acquisition of MorphoSys by Novartis AG (“Novartis”), following the expiration of the HSR Act waiting period.

Key Points: 
  • MorphoSys AG (FSE: MOR; NASDAQ: MOR) today announced the receipt of U.S. antitrust clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) in connection with the proposed acquisition of MorphoSys by Novartis AG (“Novartis”), following the expiration of the HSR Act waiting period.
  • MorphoSys previously also announced the receipt of antitrust clearance in Germany and Austria.
  • As a result, the proposed acquisition of MorphoSys by Novartis has now received all mandatory regulatory approvals.
  • MorphoSys and Novartis continue to expect the closing of the Takeover Offer to take place in the first half of 2024.

Holding(s) in Company

Retrieved on: 
Wednesday, April 10, 2024
Vii, Central Bank of Myanmar, Letter, Central bank, Exercise, Acquisition, Person, Disclosure, Life, LEI, Ix, Legislation, Security (finance)

Any personal data will be processed in accordance with the requirements of data protection legislation.

Key Points: 
  • Any personal data will be processed in accordance with the requirements of data protection legislation.
  • Any queries concerning the processing of personal data by the Central Bank may be directed to [email protected] .
  • iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g.
  • v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC).

Holcim to acquire Tensolite

Retrieved on: 
Wednesday, April 10, 2024
Plant, Construction, Acquisition

Holcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with $22 million of net sales in 2023 and a strong presence in fast-growing Latin American markets.

Key Points: 
  • Holcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with $22 million of net sales in 2023 and a strong presence in fast-growing Latin American markets.
  • With plants and a distribution network across Argentina, Paraguay and Uruguay, Tensolite will expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint.
  • Oliver Osswald, Region Head Latin America, said: “By acquiring Tensolite, we are further expanding our Solutions & Products portfolio in Latin America and globally.
  • I am excited to further grow Tensolite and to welcome all 155 employees to the Holcim family.”
    Tensolite was founded in 1979 and specializes in concrete construction systems from joists and roof tiles, to customized products for large civil works, from bridge beams and precast to grandstands and walkways.

EQS-News: Financial year 2023: SBO with all-time high in sales

Retrieved on: 
Wednesday, April 10, 2024
Carbon, Annual, EUR, Carbon capture and storage, CAPEX, Tax, Wiener Börse, Growth, OE, Research, ATX, Acquisition, Education minister, Petroleum reservoir, Investment, Depreciation, AMS, Optimism, SBO, Renewable energy

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX of the Vienna Stock Exchange, continued its growth in 2023 and recorded excellent sales and earnings development.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed on the ATX of the Vienna Stock Exchange, continued its growth in 2023 and recorded excellent sales and earnings development.
  • The SBO Group's sales rose by 16.9% to an all-time high of MEUR 585.9 (2022: MEUR 501.2), driven by the outstanding performance of the AMS division with 32.2% growth.
  • The order backlog per year-end remained at a high level at MEUR 225.4 (2022: MEUR 265.0).
  • We have once again demonstrated our operational strength, achieved record sales, improved our operating result and generated a high operating cash flow.

Komax Group strengthens its market position in China

Retrieved on: 
Wednesday, April 10, 2024
Acquisition, Engineering

The Komax Group is acquiring a majority share in Chinese company Hosver – the leading Chinese manufacturer of processing machinery for high-voltage cables.

Key Points: 
  • The Komax Group is acquiring a majority share in Chinese company Hosver – the leading Chinese manufacturer of processing machinery for high-voltage cables.
  • The Komax Group has signed a contract to acquire a 56% share in Chinese company Hosver.
  • “With Hosver, we will strengthen our market position in China in the fast-growing e-mobility sector, which is one of the key goals of our Strategy 2028,” says Matijas Meyer, CEO Komax Group, confidently.
  • Hosver has a wealth of engineering expertise, which will allow the Komax Group to react rapidly to changing local needs within the highly dynamic Chinese market environment.

EQS-News: The Platform Group AG: GMV, sales and earnings above forecast, positive outlook for 2024 confirmed, medium-term planning for 2025

Retrieved on: 
Wednesday, April 10, 2024
EUR, Growth, Beauty, Risk, Sale, Acquisition, Software, B2C, Capital market, Investment, Annual report, GMV, B2B, TPG, PPA

The Management Board of TPG is optimistic that the defined target of 1 billion euros GMV will be achieved in 2025.

Key Points: 
  • The Management Board of TPG is optimistic that the defined target of 1 billion euros GMV will be achieved in 2025.
  • Business activities are therefore always geared towards achieving positive operating results and also reporting positive net results as a Group.
  • At TPG, positive earnings figures go hand in hand with positive cash flows, which are actively invested.
  • The Platform Group AG is a software company that is active in 19 sectors with its own platform solutions.