The French cheesemaker divests Leerdammer to Lactalis in exchange for 23.2% of Bel shares. Bel will buy out the 4.5% of the shares left in its free float, followed by a squeeze-out offer.
Shareholder activism reached an all-time high in 2020, resulting in 26 rating actions, mostly negative, according to S&P Global’s latest research.
Vinci, Total and Nestlé will consult their shareholders this year via a non-binding resolution. LafargeHolcim will wait till its 2022 AGM.
Legal, data protection and trust issues are obstacles to full disclosure, with just a handful of firms currently obtaining sufficient data to draw meaningful conclusions, according to research by the Investment Association and Eversheds Sutherland.
Despite a mixed career record, Martin Blessing, the former boss of Commerzbank, is launching a “blank-check” firm to invest in fintechs.
Julie Becker, the deputy CEO of Luxembourg Stock Exchange (LuxSE) and the founder of Luxembourg Green Exchange (LGX), told Asset News that the green exchange is planning to support transition finance.
In taking over Exane, the French bank wants to gather the various elements of the equity value into the same structure.
Euro-denominated green bonds exhibited larger order book and greater spread compression than their vanilla equivalents during the second half of 2020, a Climate Bonds Initiative report suggests.
Around 35 investors, managing $8.5trn in assets, have used the Net Zero Investment Framework by the Institutional Investors Group on Climate Change (IIGCC) to align their portfolios with net-zero targets and deliver on the Paris Agreement goals.