Coca-Cola HBC said that its fully-owned subsidiary — CC Beverages Holdings II has agreed to acquire ESM Effervescent Sodas Management Limited (Three Cents), an adult sparkling beverage and mixer business, for a price of €45 million. ESM Effervescent Sodas Management is currently owned by S.I.C.C Holding Limited, a fully-owned subsidiary of Greece-based IDEAL Holdings. It […]
Allianz SE has offered to acquire European Reliance General Insurance Company, a Greek insurer, for a sum of around €207 million. The German insurance giant is offering a price of €7.8 per share to the shareholders of European Reliance General Insurance. Allianz has signed share purchase agreements (SPAs) to first acquire a stake of 72% […]
EVO Payments, a US-based payment technology integrations and acquiring solutions provider, has agreed to create a joint venture with the National Bank of Greece (NBG) to offer merchant acquiring and payment processing services. The joint venture will be created through the spin-off of the National Bank of Greece’s merchant acquiring business into a new entity […]
E-commerce giant Amazon has opened a new fulfillment center in Montgomery, New York state to cope up with the increasing demands of its customers and in preparation for the approaching holiday season. The Montgomery fulfillment center of Amazon is spread over a million-square-foot. It has a workforce of 800 people, who with the use of […]
Swiss private equity firm Partners Group has agreed on behalf of its clients to acquire a majority stake in Pharmathen, a Netherlands-based pharma company, from BC Partners, at an enterprise value of nearly €1.6 billion. Funds advised by BC Partners had acquired Pharmathen in 2015 for €475m. Established in 1969, Pharmathen operates as a contract […]
UK-based renewable energy company National Energy Holdings has secured a €22 million loan from Greece-based Piraeus Bank for the financing of five solar photovoltaic projects in Greece with a total generating capacity of 24MW. The solar power plants are owned by National Energy’s Greek subsidiary – New NE Solar Developments One 1 Single Member (NNESD1). […]
Papoutsanis, a Greek soap and liquid cosmetics manufacturer, has been granted €5 million of financing from the European Bank for Reconstruction and Development (EBRD) to support its investment program. Since 1870, Papoutsanis has been involved in the production, processing, trading, and marketing of cosmetics and personal care products. Listed on the Athens Stock Exchange, the […]
ADP acquisition of GMR Airports stake : French airport operator Aéroports de Paris (Groupe ADP) has agreed to acquire a 49% stake in Indian airport developer GMR Airports from the GMR Group for Rs107.8 billion (€1.36 billion). Groupe ADP, which aims to create a major global network of airports through the deal, will execute it […]
The Louis Group, a Mediterranean hotel group, has agreed to divest its five hotel assets located in the Greek Islands to Blackstone Real Estate Partners Europe for a total enterprise value of €178.6 million. The five assets with a total of 1,464 hotel rooms include Corcyra Beach and Grand Hotel in Corfu; Zante Beach and […]
Energy acquisition news : Transocean, a Swiss offshore drilling contractor, has agreed to acquire its peer Ocean Rig, a Greece-based operator of semi-submersible oil rigs and UDW drillships, for $2.7 billion in a cash-cum-stock deal. Transocean acquisition of Ocean Rig is expected to help the Swiss firm bolster its fleet of ultra-deepwater and harsh-environment floating […]