(IN BRIEF) Mutares SE & Co. KGaA has placed 910,000 shares—about 17% of Steyr Motors AG’s outstanding shares—through an accelerated bookbuilding process, raising EUR 30.9 million. This follows a recent German legislative change to bolster domestic defense, which helped spark … Read the full press release
Posted in Automotive, Business, Financial, Germany, Industrial, Investment, Management, Marketing, News, Technology
Tagged 40.1% stake, accelerated bookbuilding, capital markets, defense sector, EBIT margin, engine manufacturing, equity markets, EUR 30.9 million, EUR 74 million, free float increase, German defense industry, Germany Basic Law amendment, investor confidence, JLPGA, Johannes Laumann, Mutares, order backlog, partnership, public offering, share placement, Steyr Motors AG, stock liquidity, strategic divestment
(IN BRIEF) Fincantieri has signed several MoUs in Saudi Arabia to expand its presence in the region, following the establishment of Fincantieri Arabia for Naval Services in 2024. These agreements focus on advancing innovation, sustainability, and industrial development, aligning with … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged cruise, Cybersecurity, Cybersecurity Challenges, defense markets, defense sector, Fincantieri, Fincantieri Arabia for Naval Services, high-tech marine sectors, industrial development, INNOVATION, KAUST, King Abdullah University for Science and Technology, maritime technology, Memoranda of Understanding, MoUs, naval applications, offshore, onboard automation systems, partnership, Pierroberto Folgiero, Saudi Arabia, Shipbuilding, sustainability, vertical integration, Vision 2030 agenda, “Vision 2030”
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