Aegon has agreed to sell its Dutch pension, life and non-life insurance, banking, and mortgage origination businesses to ASR Nederland (a.s.r or ASR), a Netherlands-based insurance group, in a deal worth $4.9 billion. The sale proceeds for the Dutch insurance giant will include $2.52 billion in cash and a 29.99% stake in ASR. The transaction […]
American potato processing company Lamb Weston has agreed to take full ownership of Lamb-Weston/Meijer, by buying out the remaining 50% stake in the European joint venture (JV) from Meijer Frozen Foods in a cash and stock deal worth €700 million. Lamb-Weston/Meijer is a supplier of frozen potato products in Europe, the Middle East, and Africa. […]
Reliance Industries said that its fully-owned subsidiary — Reliance New Energy has agreed to acquire substantially all of the assets of Lithium Werks, a Netherlands-based lithium battery manufacturer, for a sum of $61m, which includes funding for future growth. The assets involved in the deal include the full patent portfolio of Lithium Werks, its manufacturing […]
Van Oord, a Dutch maritime contracting company, has wrapped up the previously announced sale of its 10% stake in the Blauwwind consortium to renewable energy asset manager Luxcara. In 2016, the Blauwwind consortium bagged the concession to design, build, operate and maintain the Borssele III & IV offshore wind project in the North Sea, located […]
MPC Energy Solutions (MPCES), a Dutch renewable energy firm, has agreed to acquire the 15.8MW Los Santos Solar I project in Mexico for an undisclosed price. The acquisition marks the foray of MPC Energy Solutions into the Mexican renewable energies market. The company’s footprint is spread over six countries across Latin America and the Caribbean […]
PDS Multinational Fashions Limited said that its subsidiary — Smart Notch Industrial Limited will acquire a 5% stake in Zen Industries B.V. for a sum of €500,000. Based in the Netherlands, Zen Industries is engaged in the manufacturing, distribution, and retailing of athletic and lifestyle footwear and apparel. The company was incorporated in September 2020. […]
Evos, a Dutch liquid bulk storage company, has agreed to acquire four European liquid storage terminals from Oiltanking and Jersey-based investment company 3i Infrastructure for an undisclosed price. The acquisition will be carried out by Evos via its entity Evos Finance. The sale involves four liquid storage terminals in Amsterdam and Terneuzen in the Netherlands, […]
Tata Consultancy Services (TCS) said that it has been selected by NXP Semiconductors, a Dutch semiconductor manufacturer, to help it secure connectivity solutions for embedded applications and enrich its user experience and expedite digital transformation. The Dutch chipmaking company is aiming to bring in innovation across the automotive, industrial and Internet of Things (IoT), mobile, […]
Louis Dreyfus Company Holdings has closed the previously announced sale of an indirect 45% stake in Louis Dreyfus Company B.V. (LDC), a Dutch agricultural commodities merchant, to ADQ, an Abu Dhabi-based holding company. The deal was announced by the food and agricultural commodity group in November 2020. As part of the deal, Louis Dreyfus had […]
BillDesk, an Indian digital payments provider, has agreed to be acquired by PayU, the payments and fintech business of Dutch technology investor Prosus, for a sum of $4.7 billion. Established in 2000, BillDesk serves Indian banks and businesses with its payments platform as well as customer engagement and loyalty solutions. M N Srinivasu — Co-founder […]