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...Franziska Bossart, head of the corporate venture capital arm that was set up in 2022, told the Financial Times that “generative AI holds a lot of promise for robotics and automation” and is an area “we are...
...Private capital groups have also planned large investments into utilities as part of efforts to transition power companies to lower-carbon energy production....
...“The diversification into logistics also helps because it is less capital-intensive and less cyclical.”...
...A troubled technology and logistics overhaul then dragged on for years, costing hundreds of millions of euros....
...PDD Holdings overtook Alibaba in December as the most valuable domestic ecommerce group....
...The board unanimously recommended shareholders accept the offer from the supply chain logistics group, which represented a 52 per cent premium to the last closing price....
...Wincanton: Shares in the UK-based delivery and warehousing group jumped 18 per cent after New York-listed logistics company GXO announced an all-cash offer, valuing the target at more than £760mn....
...Shares in Wincanton jumped 18 per cent on Thursday after logistics group GXO announced an all-cash offer for the UK-based delivery and warehousing company, trumping a previously agreed bid by French shipping...
...A more active group is shaking up London’s listed property sector. There has been a flurry of share-based takeovers focused on warehousing space....
...“Asia VC fundraising has slowed down considerably, reflecting weaker sentiment globally,” says Angela Lai, vice-president at data group Preqin....
...This does not include some of the group’s latest acquisitions, such as a €5bn deal for the logistics business of French billionaire Vincent Bolloré, and the purchase of British delivery and warehousing company...
...James Grzinic, an analyst at Jefferies, said the results “confirm just how much stronger than the rest of its peer group” Inditex has become....
...Clare Bottle, chief executive of the UK Warehousing Association, which represents logistics groups across the country, accepted that outdoor facilities were of limited use at 24-hour sites, with workers...
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
...UKCM, managed under contact by asset manager Abrdn, has been marketed as a “diversified” property investment, but 60 per cent of its portfolio is warehousing....
...Midway through May 2023, the group signed a $200mn four-year credit facility with a group of banks....
...Companies expected to go public soon include cold storage chain Lineage Logistics, which is seeking a valuation above $30bn, and cyber security provider Rubrik, valued at $4bn last year....
...They pointed out, approvingly, that the group managed to track the index while holding a large cash reserve. But holding cash for cash’s sake does not earn companies a gold star....
...Activist investor Sparta Capital Management is calling on London-listed engineer Wood Group to consider a US listing to address the “continued underperformance of its shares”....
...He said Maersk had been forced to make “a fair share” of job cuts in its logistics unit, which the group had hoped would be more resistant to economic downturns....
...It bought into urban logistics (warehousing) during the pandemic at very low yields. But retail parks accounted for over a seventh of British Land’s valuation as of March this year....
...It has a sizeable war chest of more than $100mn and a portfolio that includes logistics company Kobo360 and software training group Andela, which has also received investment from the Chan Zuckerberg Initiative...
...Today, BHE is the largest owner of wind generation among regulated utilities in the US, giving the group a significant renewable energy business....
...This year has started with a flurry of share-based takeovers in the logistics and warehousing sector of the London market. This, Lex argues, could be the start of a wave of deals as valuations trough....
...Skydance’s two-step deal is backed by private equity groups RedBird and KKR....
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