Mark Rutte, Dutch Prime Minister and leader of the People’s Party for Freedom and Democracy (VVD), has tendered his resignation following a fallout over migration policy within his coalition government. After 13 years in power, the abrupt resignation prompted by “insurmountable differences” on tackling immigration issues, sets the stage for early elections. Rutte declared the […]
Royal Unibrew A/S, a Danish brewing and beverage company, has announced the signing of an agreement to purchase Vrumona from Heineken. As the second largest soft drinks player in the Dutch market, Vrumona has a strong portfolio of both its own brands and partner brands. The company, based near Utrecht, boasts over 300 employees. The […]
Switzerland-based VARO Energy is set to acquire Renewable Energy Services BV (RES), one of Europe’s leading biogas trading companies, in a move to strengthen its position in the burgeoning European biogas market. The purchase of Renewable Energy Services, coupled with VARO Energy’s recent acquisition of an 80% stake in Bio Energy Coeverden (BEC), bolsters the […]
Entain, a UK-based sports-betting and gaming group, has acquired Dutch online sports betting company BetEnt (trading as BetCity) from Sports Entertainment Media in a deal worth up to €850 million (£753 million). The transaction value includes an initial consideration of €300m (about £257 million) and deferred contingent consideration of up to €550m (around £472 million). […]
Dutch automotive manufacturer Stellantis and Archer Aviation have announced a collaboration to produce the latter’s Midnight eVTOL aircraft, an electric vertical take-off and landing (eVTOL) aircraft for use in urban air mobility networks. Being the exclusive contract manufacturer, the Amsterdam-headquartered Stellantis will mass produce Archer Aviation’s eVTOL aircraft and provide up to $150 million in […]
Einride, a Swedish freight mobility technology company, has launched in Belgium, the Netherlands, and Luxembourg (together, Benelux) in partnership with brewing giant Anheuser-Busch InBev (AB InBev) to drive the electric transport transformation in the region. The partnership between Einride and AB InBev is anticipated to cut down CO2 emissions by 500 tonnes per year by […]
AstraZeneca will acquire Neogene Therapeutics, a US-based clinical-stage biotechnology company, for a total consideration of up to $320 million, bringing next-generation transformative cell therapies for cancer treatment. The value of the transaction constitutes an initial payment of $200 million on post-closing and an additional payment of up to $120 million on hitting a certain number […]
Jumbo, a Dutch supermarket chain, has collaborated with Hanshow, a Chinese electronic shelf label products and solutions provider, to digitalize its network of stores as part of its goal of sustainability. Established in 1921, Jumbo currently has over 700 stores in the Netherlands and Belgium. As part of the collaboration, Hanshow will install more than […]
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. […]