Euronext increasing its offer for Oslo Bors?

The European Euronext is considering increasing its offer for Oslo Bors. According to Bloomberg News, the updated offer could be published during this week and one option is still, that no increase is made.

The parties have declined to comment the matter, but the Nasdaq Stock Exchnage made an offer in January to buy the Oslo Bors for 152 kroner per share, while the earlier offer by Euronext was 145 kroner per share.

Oslo Bors is one of the last independent stock exchanges in Europe with the average daily trading of 5,4 billion kroner. The number of trades increase over 25 % last year and the energy sector was the biggest industry sector in Olso. Oil companies represent about 35 % of the combined market capitalisation.

 

 

Business Finance

Schiphol aiming to become the most sustainable airport in the world

The Amsterdam Airport, Schiphol is aiming to become the most sustainable airport in the world.  The company has also announced that they are targeting zero waste airport by 2030 and a climate neutral airport by 2040. The targets are shown in the company´s Green Bond Framework. Schiphol has issued a 500 million euros Green Bond to finance the structural changes.

-Safety is our top priority and we will never make any concessions to ensure passengers can safely travel to and from our airports. In addition, we aim to lead by example when it comes to sustainability in the aviation sector and strive for three main objectives: a clean future for the aviation sector, future – proof airports and a healthy working and living environment, the Royal Schiphol Group N.V (Schiphol) stated.

Since 2018, 100% of energy used at Schiphol is sourced from Dutch wind energy. Travellers can access Schiphol by train or by bus, the largest electric bus fleet in Europe. Majority of the taxi fleet is also electric.

As part of the Green Bond Framework, the Company is planning in invest in new, green buildings and clean transportation. This means for example charging stations for buses, cars and airplanes. The Airport is also planning to increase the use of its bio-fuels facilities.

The senior unsecured bonds are due 5 November 2030 and carry an annual coupon of 1.5%.  The bond will be listed in Euronext, Amsterdam.

500_schiphol-buitenzijde-met-luchtbartbrussee

Schiphol is the first European airport to issue a green bond.

Business Finance

Luxury brands gained due to EU court ruling

The European luxury brands gained in the European Stock Exchanges today. The reason behind the upward trend was the EU court ruling saying that the luxury brand owners can have a say in which digital platforms the retailers can sell their luxury products.

Many luxury companies have been worried over the brand imago related to different digital platforms. The EU court ruling lifted stocks like Kering Group (KER) by 0,56 %, LVMH (LVMH) by 1,14 %, Burberry Group (BRBY) in London by 0,64 % and  Christian Dior (CDI) in Paris by 1,28%.

Global luxury brands have been building their digital presence and imago via social media during the couple of years, but also starting their own e-commerce platforms in order to make the customer dialoque direct and to keep the service level and personalization as expected.

Business Lifestyle

Amundi to start trading in Euronext Paris in November

The European leading Asset Management company, Amundi Asset Management is to start its trading in Euronext Paris in November. The trading day is expected to be the 16th. The company announced today that the indicative price range would be 42-52,50 euros per share.

Societe Generale has said it will sell its 20 percent ownership (33,4 million shares) in Amundi in the IPO and Credit Agricole will reduce its ownership so that its stake will be between 74,6 – 77,6 percent. It also said it has agreed to sell 2 percent of Amundi shares to Agricultural Bank of China to expand their co-operation.

Amundi, which assets under management were 954 billion euros in June (51 percent fixed income, 13 percent equities and 17 percent treasury) said it is well positioned to benefit from the fundamentals of the assets management markets that favor sustainable growth.

Amundi provides diversified expertise across all major asset classes, offering full coverage of the investment management ecosystem.

The company is the biggest in Europe and the 8th biggest globally. The global AUM markets are estimated to be 61 trillion euros.

Business Finance