Latest news with #demerger
Yahoo
3 days ago
- Business
- Yahoo
Stora Enso reviews Swedish forest assets for potential listing
Finnish pulp and paper manufacturer Stora Enso is set to begin a strategic review of its Swedish forest assets for the assessment of a potential separation and public listing of the assets through a partial demerger into a new company. The move could result in two independent entities, each with its own strategic priorities. Stora Enso would maintain its position in renewable packaging, while the Swedish forest business could become Europe's 'largest listed' pure forest company, owning assets with high long-term value and revenue potential. The new entity will be fully owned by all the company's shareholders. The initiative is designed to improve business focus, streamline operations, and maximise the value of both the forest assets and the core packaging business of the company. FAM, one of the largest owners of Stora Enso, showed support towards the strategic review. FAM CEO Håkan Buskhe said: 'A potential separation and public listing of the Swedish forest assets would create two leading companies, one of the world's leading global renewable packaging companies and Europe's largest listed pure forest company. If the Swedish forest assets would be publicly listed, both Stora Enso and the forest company would be strategic holdings for FAM.' Following the sale of approximately 175,000 hectares (ha) of forestland for €900m ($1bn), Stora Enso still owns more than 1.2 million hectares in Sweden, valued at about €5.8bn as of 31 March 2025. These assets, while crucial to the company's wood supply, have their own operational and financial characteristics. Stora Enso said, the company will provide an update on the strategic review by the end of 2025. Stora Enso CEO and president Hans Sohlström said: "Initiating this strategic review underscores our commitment to maximising shareholder value while ensuring alignment with our long-term strategic objectives. By evaluating various strategic options, we aim to enhance business focus, reduce complexity, and unlock the full potential of both our forest and industrial assets." In May 2025, Stora Enso acquired Junnikkala Oy, a Finnish sawmill company, following an agreement first announced in October 2024. "Stora Enso reviews Swedish forest assets for potential listing" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
10-06-2025
- Business
- Reuters
India's Raymond Realty to list in early July, top executive says
June 10 (Reuters) - India's Raymond Realty, recently carved out from the namesake conglomerate, is on track to list in early July as the group looks to streamline its corporate structure, a top executive told Reuters on Tuesday. This will be Raymond's ( opens new tab third publicly traded entity after Raymond Lifestyle, which houses the suits and shirts business. "The exact date (for the listing) is not confirmed yet, but it should be early July," Gautam Singhania, chairman and managing director of the group, said in an interview, without elaborating. Each shareholder will receive one share of Raymond Realty for every share held in Raymond, the group said previously. Raymond approved the demerger of Raymond Realty on May 1 and announced May 14 as the record date to determine eligible shareholders for the real estate business. The stock fell around 66% on May 14 because of a price adjustment after the demerger, but the decline was not a real loss for investors, just a technical revision in the share price. After adjusting for the demerger, Raymond's shares jumped nearly 23% in May, their biggest monthly gain since June 2024. Brokerage Systematix expects Raymond Realty to be priced at 1,076 rupees per share and forecast operating profit of 5.97 billion rupees ($69.7 million) in the ongoing fiscal 2026. The business reported a 45% rise in revenue to 23.13 billion rupees for the financial year ended March 31, with operating profit up 37% at 5.07 billion rupees. ($1 = 85.6150 Indian rupees)
Zawya
03-06-2025
- Business
- Zawya
Anglo American Valterra Platinum demerger completed
Following the approval by shareholders on Wednesday, 30 April 2025, the demerger of Anglo American's interest in Valterra Platinum Limited and the associated share consolidation of Anglo American has been completed, with the share consolidation becoming effective on Sunday, 1 June 2025. Valterra Platinum's debut on the JSE follows the demerger of Anglo American's interest in the company The admission of Anglo American's new ordinary shares to the equity shares (commercial companies) listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities took place at 8 am today, 2 June, Monday. This was along with the listing and commencement of dealings in entitlements to Anglo American's new ordinary shares on the JSE. The shares of Valterra Platinum will also be admitted to the equity shares (international commercial companies secondary listing) listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's Main Market for listed securities at 8 am, Monday, 2 June. This listing will be alongside Valterra Platinum's existing primary listing on the Johannesburg Stock Exchange. A major step to unlock the inherent value Duncan Wanblad, Chief Executive of Anglo American, says: 'This is an important moment for both Anglo American and Valterra Platinum. "For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. "Valterra Platinum has been a major part of the company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it's an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.' Following the demerger Anglo American will continue to hold c.19.9% of Valterra Platinum and intends to retain this shareholding for at least 90 days following the demerger (subject to appropriate exceptions for any sale to maintain, and not exceed, this c.19.9% interest), with this shareholding position to be managed responsibly over time to effect a full separation. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Wall Street Journal
02-06-2025
- Business
- Wall Street Journal
Anglo American Completes Valterra Platinum Demerger
Valterra Platinum shares will begin trading on the London Stock Exchange via a secondary listing on Monday, Anglo American AAL 0.00%increase; green up pointing triangle confirmed after it completed its demerger. Anglo American began the process of demerging Valterra Platinum, formerly Anglo American Platinum VAL -2.10%decrease; red down pointing triangle, following BHP's $50 billion failed takeover bid last year.
Bloomberg
28-05-2025
- Business
- Bloomberg
PGM Prices Should Be Higher, says Valterra Platinum CEO
Anglo American's platinum unit, Amplats has demerged and started trading on the Johannesburg Stock Exchange under the new name Valterra Platinum. The new entity will also have a secondary listing on the London Stock Exchange from next Monday. It's a culmination of Anglo's wider restructuring plans announced last year to fend off an unsolicited $49 billion takeover by BHP Group. Amplats CEO, Craig Miller, spoke to Bloomberg's Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East and Africa just minutes before becoming the CEO of Valterra Platinum. (Source: Bloomberg)
