Schaeffler extends employment contract with subsidiary CEO
Engineering company Schaeffler’s board has extended, ahead of schedule, Sascha Zaps’ contract as CEO of the subsidiary Bearings & Industrial Solutions by a further five years. Zaps has been a member of the group management board since May 2024 and was previously regional head of Europe from September 2021. The company stated that the extension […]
Wells Fargo downgrades Exxon Mobil to equal weight (overweight), reiterates price target of $182 – BN
Wells Fargo downgrades Exxon Mobil to equal weight (overweight), reiterates price target of $182 – BN
TotalEnergies considers project worth nearly 10 billion dollars in Argentina
Oil major TotalEnergies is considering oil and gas projects worth nearly 10 billion dollars in Argentina over the medium term, according to CEO Patrick Pouyanné. Bloomberg News reports. The plans include around 1.5 billion dollars to increase gas production off Tierra del Fuego, as well as 4-5 billion dollars over ten years to increase shale […]
Broadcom may lend $42 billion to Anthropic – Reuters
Broadcom has agreed to lend up to $42 billion to AI company Anthropic to finance infrastructure investments. Reuters reports this, citing Anthropic’s IPO prospectus. The financing could cover around one-third of Anthropic’s five-year commitment of $125.2 billion to rent TPU capacity. The debt instruments could be converted into shares in Anthropic. Anthropic also states that […]
SBB’s D-shareholders mobilize against redemption proposal
D-shareholders representing around 22 million shares have contacted PAM Capital’s head of fixed income, Magnus Rosén, ahead of the vote on SBB’s proposed redemption at SEK 7.94. PAM Capital wants to see higher compensation and, alternatively, a voluntary redemption. “Primarily, the consideration in a buyback should be significantly higher and reflect the accumulated coupon; secondarily, […]
Kemira completes acquisition of SIDRA Wasserchemie
Finnish chemicals company Kemira has completed the acquisition of German SIDRA Wasserchemie following approval from the German competition authority. The company, which manufactures coagulants for municipal and industrial water treatment, had revenue of approximately EUR 40 million and EBITDA of approximately EUR 12 million in 2025. Around 60 employees are joining Kemira. The acquisition strengthens […]
Flerie portfolio company Atrogi reports positive data for ATR-258
Investment company Flerie’s portfolio company Atrogi reports positive results from an eight-week study of the drug candidate ATR-258 in 13 people who were overweight or had obesity. The treatment was well tolerated at all dose levels and resulted in significantly improved physical function, increased muscle mass and reduced fat mass. The results support plans for […]
BYD’s sales increased 17 percent to 463,561 vehicles in September
Chinese electric vehicle company BYD’s sales increased 17 percent to a total of 463,561 vehicles in September. This is stated in a press release. Of the total sales, 456,713 were passenger vehicles. Of the passenger vehicle sales, 273,143 were all-electric vehicles and 183,570 were plug-in hybrids. Year to date, BYD’s total vehicle sales amount to […]
Report: Audit giant RSM considers IPO to finance larger acquisitions – FT
Audit and advisory giant RSM is considering an IPO as private equity reshapes the industry. Financial Times reports this, citing sources. The company is said to have sounded out banks and adjusted internal systems to keep the door open for an IPO, but no decision has yet been made. An IPO would primarily become relevant […]
Gomspace to launch GOMX-5 with SpaceX
The nanosatellite company Gomspace plans to launch GOMX-5 on October 1 aboard SpaceX Transporter-18. The ESA-supported 8U CubeSat mission will demonstrate next-generation satellite communications, operational concepts and mission procedures in orbit. GOMX-5 will also test technology for collision avoidance and responsible disposal in support of ESA’s Zero Debris initiative.
