Securitize, a Spanish fintech unicorn specializing in asset tokenization, has experienced a 30% decline since its IPO debut on Wall Street. The company is one of the few publicly traded firms focused on asset tokenization. This decline contrasts with growing interest in tokenization as an asset class.
Italian bank UniCredit has secured a 48% stake in German lender Commerzbank following the completion of a tender offer period, positioning itself for potential majority control of the bank.
UK budget carrier EasyJet agreed in principle to a takeover offer of more than £5 billion from US firm Castlelake. The bid was Castlelake’s fifth attempt after weeks of negotiations between the two parties.
Italian shipbuilder Fincantieri SpA has agreed to purchase majority stakes in four underwater technology companies as part of its strategic expansion in Europe’s growing military subsea technology market.
EQT AB, a Swedish private equity firm, has agreed to acquire Orikan, an Australian smart parking technology company. The acquisition is intended to support Orikan’s innovation investments, business strengthening, and expansion into adjacent markets.
IQM, a Finnish quantum computer producer, completed its public market debut through a merger with a SPAC (special purpose acquisition company). The company’s shares fell on their first trading day in New York.
Tank manufacturer KNDS has postponed its planned stock market listing. The company’s owners decided to delay the IPO because recent losses in defense stocks have made the market environment too weak for the offering.
Addiko Bank has established provisions totaling between 33 and 49 million euros related to Swiss franc-denominated credits. The bank has also suspended its financial forecast as it faces a takeover bid contested between Raiffeisen Bank International (RBI) and Nova Ljubljanska Banka (NLB).
Schneider Electric SE, a French multinational industrial software and automation company, has agreed to acquire Cognite, an industrial artificial intelligence software firm, in a transaction valued at $3.1 billion. The acquisition is intended to strengthen Schneider Electric’s capabilities in industrial data management and AI-powered software solutions.
Verizon Communications Inc. and BT Group Plc have agreed to establish a joint venture combining their international businesses, which will generate approximately $4 billion in annual revenue.