Benelux

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ESSO - The French oil company Esso announced its results for the full year on Wednesday. Its adjusted EBITDA was 58 million Euros and it will propose a dividend of 3 euro per share. SANOFI, French pharmaceutical company announced on Thursday an agreement with Dren Bio to acquire its autoimmune disease treatment DR-0101 from Dren Bio. Sanofi plans to purchase Dren-0201 at a price of $600,000,000 upfront and $1.3 Billion in future payments. SODEXO - French food caterer SODEXO lowered...

Mukesh Ambani’s Reliance Jio has signed a deal to bring Starlink satellite Internet services to India. This is a surprising move by the billionaires who had been at odds with each other for months about how India should allocate spectrum to them. This deal comes on the heels of a similar announcement made by Starlink with India's No. 2 telecom player Bharti Airtel a day before. Starlink will be available in the retail stores of Indian telecom operators, giving Starlink direct access to thousands of outlets in India. The two deals are contingent upon Starlink receiving government approval for operations...

A Russian court has actually purchased web company Yandex to conceal access to maps and pictures of among Russia's largest oil refineries due to continuous attacks by Ukrainian drones, state news agency TASS reported on Friday. Yandex, frequently described as Russia's Google, operates the nation's largest search engine and other online services like maps, translate and email, along with ride-hailing and food delivery. The court in Moscow ordered Yandex to omit information about the refinery's facilities from its search results page by getting rid of and editing images of workshops, compressor stations and other parts of the plant from Yandex...

Battery maker Automotive Cells Business (ACC) is set to sign a brand-new loan to fund the second production block of its gigafactory in northern France, a. business representative stated, as it increases output in spite of Europe's. slow electric car market. The loan, guaranteed by ACC's 2 primary investors, automobile. makers Stellantis and Mercedes-Benz Group,. deserves around 1 billion euros ($ 1.05 billion), two sources. knowledgeable about the matter said, verifying a report by paper. Les Echos. Stellantis and Mercedes did not react to ask for. comment. Smaller sized investor TotalEnergies decreased to. comment. The factory already operates one production...

European energy company Varo Energy is in speak with obtain Preem's two Swedish refineries in a bet on growing need for lowcarbon biofuels, 4 market sources told Reuters. Varo has been broadening quick in Europe's refining and fuel trading recently. The company is backed by private equity giant Carlyle Group and the world's most significant trading house Vitol, which has actually enjoyed record revenues recently. Varo could purchase the Gothenburg and Lysekil plants from Corral Petroleum Holdings, which owns Preem, the sources stated. A Varo representative decreased to comment. Preem decreased to comment. The sources stated the value of the...

Canada's McEwen Copper is hunting for financiers to raise $2.5 billion to move on with building of Los Azules copper mine in Argentina, company Vice President Michael Meding stated in an interview. McEwen Copper, part of McEwen Mining, is among numerous international companies seeking to draw out copper in the mountains of northern Argentina, an area mostly untapped for the product due to the nation's hard capital controls and volatile economy. A reward program under President Javier Milei is now spurring activity, including from significant gamers such as miner BHP, after the nation's only copper mine closed in 2018. Los...

Australialisted Vulcan Energy is in talks with lithium companies to licence its filtering technology, tapping a brand-new profits source as the firm commercialises its renewableenergy job in Germany, the CEO stated on Tuesday. Vulcan started producing lithium hydroxide previously this month from its Rhine Valley operations utilizing adsorption direct lithium extraction (A-DLE) - utilizing geothermal heat to extract lithium from brine deposits. DLE is expected to reshape the lithium market by speeding the production procedure of the metal used in EV batteries and electronic devices to hours or days, compared with months or longer. Vulcan has signed up with the...

Below are companyrelated news and stories from France and Benelux which might have an influence on the area's markets or specific stocks. POLICE 29 Controversial COP29 deal reveals environment cooperation tearing at edges CARREFOUR Brazilian meatpackers have actually apparently stopped supplying meat to the group in Brazil after the retailer's worldwide CEO promised to keep South American meat off its shelves in France in solidarity with French farmers CTP Places EUR 500 mln green bond and EUR 200 mln tender deal SANOFI Strategies to change medical facility drug-discount program, WSJ reports THALES Two people knowledgeable about a corruption probe by...

The following are the leading stories in the Wall Street Journal. Reuters has not verified these stories and does not guarantee their precision. - Billionaire activist investor Carl Icahn-backed Icahn Enterprises prepares to raise its stake in U.S. oil refiner CVR Energy by more than 20%. - News Corp called Lavanya Chandrashekar as its next chief monetary officer, being successful Susan Panuccio, who plans to step down from the role on Jan. 1. - Stellantis stated it is laying off about 1,100 workers at a Jeep Gladiator plant in Toledo, Ohio, as it works to decrease inventory throughout its North...

Dutch and British wholesale gas rates hit a more than 10month intraday high up on Thursday as the Middle East conflict and reports that North Korean troops were ready to help Russia in Ukraine kept traders on edge. The benchmark front-month contract at the Dutch TTF gas hub struck 42.57 euros per megawatt hour at 0945 GMT, its greatest intraday level given that Dec. 1, LSEG data revealed. Geopolitical risk premium is a main factor behind the rise, one trading source stated. The cost is still much lower than the August 2022 all-time high of 306.00 EUR/MWh, when rates surged...

Equatorial Guinea asked judges at the International Court of Justice (ICJ) on Monday to decline Gabon's claim to several islands in possibly oilrich waters in the Gulf of Guinea. The African neighbours, both substantial oil manufacturers, have asked the United Nations' leading court to settle a disagreement centring on the small island of Mbanié, less than a kilometre (about 1,000 lawns) long, off the coast of Gabon. Gabon's position is factually and lawfully untenable, stated Equatorial Guinea's representative at the court, Domingo Mba Esono. The dispute has actually been going on because 1972, when Gabon's army drove Equatorial Guinea soldiers...

Independent British oil manufacturer Viaro Energy stated on Tuesday it would purchase UK Southern North Sea possessions owned by Shell and Exxon Mobil. Reuters reported about the offer talks in May, citing sources and one of them had stated the transaction might be valued at $500. million. Viaro stated it would assume full ownership of one of the. biggest and longest producing gas property portfolios in the UK. Continental Rack. Pending regulative approval, Viaro would acquire a portfolio. consisting of 11 ran offshore assets and one exploration. field, all tying back to the Shell-operated onshore Bacton Gas. Processing Terminal through...

The Chinese embassy in Spain reported that Stellantis, its Chinese partner Leapmotor and their Spanish plant plan to invest $200 million in the factory. A person with direct information on the matter had said Spain would be the best place for producing the B10 electric cross-over car for the European market starting in 2026. Both companies are looking for a location in Europe where they can produce the model that made its debut in Europe in September. Stellantis factories in Germany or Slovakia were also under consideration. The Chinese embassy stated that the factory in Zaragoza is where they intend...

A person with first-hand knowledge of the situation said that Stellantis, along with its Chinese partner Leapmotor, considers Spain to be the best candidate for producing the B10 electric cross over on the European market starting in 2026. Both companies are looking for a location in Europe where they can produce the model that made its debut in Europe in September. Stellantis factories in Germany or Slovakia were also under consideration. The person who refused to be identified said that both firms have increased their efforts to procure more components from Spanish suppliers to qualify for government subsidies at the...

Stellantis' chairman said that the European automotive industry doesn't need to switch to defence production. He also confirmed the group will appoint its new CEO by the end of the first quarter of the year. Adolfo Urso, Italy's Minister of Industry, said that Rome is preparing an Industrial Plan to foster connections between the automotive, aerospace and defence sectors. The plan will be revealed in June. Stellantis chairman John Elkann told the Italian parliament that the U.S.A. and China had both strong automotive and defence industries. Therefore, there was no need to choose between them. Elkann's multinational group, which includes...

London metals were mostly lower on Thursday, despite aggressive Trump tariffs. Zinc surged to more than a seven-week high after Nyrstar cut production in Australia. The U.S. president Donald Trump slammed Canada on Tuesday for its retaliation to his previous tariffs. He doubled the import duty for Canadian steel and aluminium, and kept rates at 25% for all other nations, and removed prior exemptions, exclusions, and quotas. As of 0341 GMT, the price for three-month zinc at the London Metal Exchange increased by 0.3% to $2932 per metric ton. The price of zinc reached a seven-week high earlier in the...

Tata Steel Nederland, the Dutch arm for the Indian steel giant Tata Steel, announced on Wednesday that some of its U.S. customers, particularly from the automotive industry, are lobbying to have the supplier exempted of U.S. steel import tariffs. TSN's spokesperson said that the exemptions were the most important factor in reducing the effect of tariffs. He added that it was still too early to make any comments on the effects for the industry. "We've been closely in touch with our customers for some time, and have assessed the implications of the recent change in the government in the U.S....

The Ukrainian Steel Producers' Union reported on Saturday that despite the loss in eastern Ukraine of its key coking coal mining facility in Pokrovsk, the steel sector still maintained growth in 2025's first two months. Metinvest, the Ukrainian steelmaker, has suspended operations in Ukraine's sole coking coal mine. The company cited a deteriorating situation due to Russian advances. Data showed that the raw steel production rose 9.9% between January and February 2025, to 1,18 million metric tonnes. Since the Russian invasion of February 24, 2022 leading steel mills have been destroyed. Ukraine, once a major exporter and producer of steel,...

Mexico is expecting to see a significant increase in the number of companies that are compliant exporting to the U.S., under a regional trading pact, said Economy Minister Marcelo Ebrard on Friday after Washington suspended tariffs on Mexican shipments under the agreement. Ebrard said, in a press conference with President Claudia Sheinbaum that currently, over half of the goods coming from Mexico into the U.S. are compliant to the U.S.MexicoCanada (USMCA), and therefore eligible for the tariff exemption. Announced on Thursday The minister estimated that this figure could rise to between 85% to 90% as companies shift their export practices...

According to preliminary government data, seen on Tuesday, India's finished-steel imports from China and South Korea, as well as Japan, reached a record in the first ten months of this financial year. India, which is the second largest crude steel producer in the world, reported that it was a net steel importer and shipped record amounts of finished steel between April and January. The data revealed that South Korea imported 2.4 million tons of finished steel, an increase of 11.7% over the previous year. South Korea was India's largest exporter of this alloy during that period. The total amount of...

The Trump administration has delayed the implementation of new tariffs against Mexico and Canada for a month. The reprieve will end on Tuesday. The U.S. Commerce secretary Howard Lutnick confirmed that the tariffs against Canada and Mexico will take effect on February 2. Donald Trump, however, will decide if the proposed tariff rate of 25% is maintained. Canada exports mainly crude oil, other energy products and cars and car components as part of North American auto manufacturing chains. Mexico exports a variety of goods from the auto and industrial sectors. What top brokerages say about the impact of tariffs on...

ArcelorMittal South Africa announced on Friday that it will stop producing long steel by April of this year, after talks with the government did not succeed in preventing the closure. The closure of the long-sealed operations is expected to affect 3,500 direct and indirectly employed workers. This will be due to the lack of domestic demand, competition from scrap metal recycling mini-mills in the area and imports from China. ArcelorMittal South Africa’s long steel production operations produce rails, rods, and bars that are used in construction, mining, and manufacturing. ArcelorMittal SA, the world's second largest steelmaker, has announced that it...

According to a document seen on Thursday, French prosecutors closed the case brought by Democratic Republic of Congo against Apple subsidiaries for using conflict minerals in their supply chain. In December, Apple's lawyers confirmed that the Congo had filed criminal complaints in France and Belgium against Apple subsidiaries. Apple strongly denied the allegations at the time and told its suppliers not to use minerals sourced from Congo or Rwanda. The Paris prosecutor's Office, in a document dated February 18 and seen by us, said that allegations of money laundering and deceptive practices were "not well-founded". It closed the case and...

Donald Trump's advisers on trade were finalising plans for the reciprocal duties that the U.S. President has promised to impose against every country which charges duties on U.S. imported goods, raising fears of an expanding global trade war. Separately the trade ministers from the 27 countries of the European Union are due to meet by video conference to decide their response to the European Commission President Ursula von der Leyen's statement that tariffs against the EU "will not be ignored". Trump shocked the markets on Monday with his decision to impose tariffs starting March 12 on all imports of steel...