Articles by Harvey Holtom


Puig could enter Ibex 35 at index review in December due to capitalisation and volume

Alphavalue/DIVACONS Leading US banks are assessing investor interest in Puig’s IPO. The company is seeking a valuation of between €10 billion and €12 billion, with the aim of raising €1.25 billion in an initial public offering for subscription and a similar amount in an initial public offering for sale. The National Securities Market Commission (CNMV) is expected to approve the IPO prospectus next week, which will kick off the road…


Airbus Defence and Space buys German public sector IT and cyber security company Infodas

Link Securities| The Airbus Defence and Space division of European aeronautics manufacturer Airbus (AIR) has reached an agreement to acquire Infodas, a German company that provides cybersecurity and IT solutions in the public sector, including defence and critical infrastructure, Europa Press reported. “With exponential cyber threats, along with the increasing digitalisation and connectivity of its products and systems, cybersecurity is a fundamental component of Airbus’ development,” the manufacturer said in…

Arcelor Mittal

ArcelorMittal reaches agreement to buy Apollo’s stake in Vallourec for €955 million; synergies expected

Morgan Stanley| Arcelor Mittal (MTS) has reached an agreement to purchase Apollo’s stake in Vallourec (French steel tube manufacturer), equivalent to 65.2 million shares (28.4%) for a total of €955 million. The acquisition is expected to be completed in 2H24, once all regulatory approvals are in place. Alain Gabriel acknowledges that the purchase has been concluded at a reasonable valuation, but expects more clarity on the extent of synergies and/or…