The Houthi rebels in Yemen announced they would limit their attacks in the Red Sea corridor to only Israeli-affiliated ships, following a ceasefire agreement in the Israel-Hamas conflict. The Sanaa-based Humanitarian Operations Coordination Centre (HOCC), which liaises between Houthi forces and commercial shipping operators, specified that it was stopping “sanctions” against vessels owned by United States and British entities, as well as
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Helsinki-based tech company Wolt, has completed the acquisition of Tazz, a pioneer in Romania’s home delivery sector, from eMAG, CEE’s largest ecommerce platform. The deal marks Wolt’s entry into the Romanian market. Wolt was founded in 2014 and joined forces with Nasdaq-listed DoorDash (NASDAQ: DASH) in 2022. Together, the companies operate in over 30 countries today, 28 of which are with the
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NYSE-listed TreeHouse Foods has completed its acquisition of Harris Tea for approximately $205 million, the US multinational food producer announced on Friday (Jan. 3). The acquisition, first announced in December 2024, includes Harris Tea’s facilities in Moorestown, New Jersey, and Marietta, Georgia, along with about 300 employees. Harris Tea is a US private label tea producer with a diverse portfolio of brands,
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Bulgarian venture capital firm Invenio Partners and Warsaw-based Accession Capital Partners (ACP) have acquired a majority stake in Romania’s largest branded coffee chain 5 To Go, as part of its international expansion. The value-focused coffee brand founded in 2015 by Radu Savopol and Lucian Badila started with a small coffee shop out of a garage in the old centre of Bucharest. By
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To the annoyance of shareholders, shares in Idorsia were down 45% on Friday (Dec. 20) after the company announced delays to a rights deal related to its hypertension drug Tryvio. On November 27, 2024, the Allschwil-based company announced that it had entered exclusive negotiations with an undisclosed party for global rights to aprocitentan, sold under the brand name Tryvio, that resulted in
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Bucharest-listed TeraPlast Group, the largest polymer processor in Southeast Europe, continues its geographical expansion in Europe and acquires the assets for PVC and PE pipes production held by Wavin Hungary (Orbia’s Building and Infrastructure business). The acquisition will be made by Polytech Kft, a subsidiary of TeraPlast. This transaction aligns with Orbia B&I’s strategic decision to streamline its operations on the Hungarian
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Amsterdam-headquartered NEPI Rockcastle, the premier owner and operator of shopping centres in Central and Eastern Europe (CEE), is considering opening a hotel in the extension of Promenada mall, in northern Bucharest. The investor has been working for several years on the expansion of the mall. NEPI is now analyzing the construction of a four-star business hotel with about 200 rooms, occupying two and
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Savills Investment Management (Savills IM), has acquired a portfolio of four urban supermarkets in Portugal on behalf of its European Food Retail strategy. This acquisition brings the total value of the portfolio to approximately EUR 470 million. Additional capital is available for future acquisitions, with a continued investment focus on key European markets, including Spain, Portugal, Italy, the UK, Ireland, Benelux and
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Romanian distribution & logistics company AQUILA inked an agreement to acquire 100% of the shares of Hungarian peer KITAX Kft. The transaction price is a maximum of EUR 14 million and is calculated based on a mechanism agreed by the parties, considering working capital adjustments and net debt. The acquisition is subject to the approval of the Hungarian authorities for transaction clearance,
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NYSE-listed Scorpio Tankers received commitments from a group of financial institutions for a revolving loan of up to $500.0 million. The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the shipowner the flexibility to draw down or repay the loan during the loan tenor. The Revolving Credit Facility
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