The indoor climate specialist Tado is aiming for a stock market listing through the back door. According to the announcement, the Munich-based company plans to merge with the empty company shell GFJ ESG, the space around former Klckner CEO Gisbert Rhl, and then go public on the Frankfurt Stock Exchange. Tado expects a valuation of around 450 million euros.
Hellman & Friedman/EQT hold 97% of Zooplus following the delisting offer
After the end of the delisting offer, Hellman & Friedman LLC will hold around 97 percent of Zooplus’ share capital. As announced by the takeover vehicle Zorro Bidco, the delisting purchase offer for a total of 533,875 Zooplus shares was accepted by the end of the acceptance period on January 12, which corresponds to around 7.5 percent of all Zooplus shares.
BBVA will distribute more than EUR 7 billion to shareholders in 2021 and 2022
Banco Bilbao Vizcaya Argentaria (BBVA) will return more than 7 billion euros to its shareholders in 2021 and 2022, around 20 percent of the current market capitalization. About half of this will be attributable to a share buyback of 3.5 billion euros initiated last year, and the rest to dividends in the two years mentioned, as the CEO of the Spanish bank, Carlos Torres Vila, said.
Renault will sell around 4.5 percent fewer cars worldwide in 2021
Sales at the French car manufacturer Renault continued to decline after the weak first year of Corona. In 2021, sales in the group, which includes the Renault, Dacia and Lada brands, fell by 4.5 percent to almost 2.7 million vehicles, as the French car group announced.
Unilever wants to focus its portfolio on growth
Unilever wants to strengthen its business in areas such as health, beauty and hygiene. The British-Dutch consumer goods group announced that greater sustainable growth is possible here after it had already publicly expressed interest in GSK Consumer Healthcare over the weekend. The joint venture between GlaxoSmithkline and Pfizer could
===
Contact the author: [email protected]
DJG/flf
(END) Dow Jones Newswires
January 17, 2022 07:18 ET (12:18 GMT)