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Vukile Reviews €8.10 Per Share Lar España Offer Amid 28.7% Stake

Business News, Finance News, Investing News, Stock Market /
  • Vukile Property Fund holds a 28.7% stake in Lar España and is reviewing a €8.10 per share offer.
  • The Consortium’s offer is subject to reductions for any distributions declared during the offer period.
  • Vukile and Castellana have engaged BofA Securities and Linklaters for financial and legal advice on the offer.

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Richemont Q1 Sales Up 1% Despite 19% Asia Decline

Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Sales Performance: Richemont’s sales grew 1% at constant exchange rates but fell 1% at actual exchange rates.
  • Regional Sales: Europe, the Americas, and Japan showed growth, while Asia Pacific experienced a significant decline.
  • Channel Performance: Retail and online sales increased slightly, but wholesale and royalty income dropped by 6%.

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Capitec Bank Q1 FY2025: Strong Capital and Liquidity, Avafin Stake Boost

Banking, Business News, Capital Markets, Finance News, Investing News, Stock Market /
  • Capitec Bank Holdings reports strong capital adequacy ratios for Q1 FY2025.
  • Liquidity coverage and stable funding ratios exceed regulatory requirements.
  • Acquisition of majority stake in Avafin Holding Limited enhances international presence.

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Mondi plc Announces Non-Executive Director Changes

Business News, Capital Markets, Investing News, Stock Market /
  • Appointment of Sucheta Govil: Effective October 1, 2024, as an independent non-executive director.
  • Retirement of Dominique Reiniche: Exiting Mondi plc’s board on September 30, 2024, after nine years.
  • Board Changes: Sue Clark becomes Senior Independent Director; Angela Strank chairs Sustainable Development Committee; Anke Groth oversees employee engagement.

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