Business

Stocks in action: Cargojet, Nielsen, Holcim

Here is a selection of announcements that have moved (or will move) the prices of these companies:

(Come back to read us from time to time
so as not to miss an update)

Cargojet

Cargojet (CJT.TO, $176.35) on Tuesday announced the signing of a new agreement with DHL Network Operations (USA) to provide air transportation services to DHL’s global network, which it says will increase revenue and help diversify its services. The agreement, which expands the relationship between the two companies, is for five years with an option to renew for two additional years. Financial details were not disclosed.

Under the agreement, Cargojet will provide services to meet DHL’s international requirements for Europe and North, South, Central and Latin America, as well as Asia. Cargojet currently uses 12 cargo aircraft to meet DHL’s needs. DHL intends to add five additional B-767 cargo aircraft during the 2022-23 period. It also intends to be Cargojet’s first customer for the B-777 long-range freighter, which is expected to start flying in late 2023 or early 2024.

In addition, Cargojet will issue warrants to DHL to acquire up to 9.5% of its outstanding voting shares at a price of $158.92 per share over a period of seven years. Their acquisition is subject to the delivery by DHL of up to $2.3 billion in business volume during the same period.

Nielsen

The American firm Nielsen (NLSN, US$26.91) announced on Tuesday that it had agreed to be acquired by a consortium of investment funds, a transaction which values ​​the American specialist in audience measurement at US$16 billion. , debt included.

A subsidiary of the activist fund Elliott Management led the negotiations with the Brookfield fund and they agreed to pay together US$28 per share, in cash, or a total amount of about ten billion dollars, according to an AFP calculation. .

The company specializes in the measurement and analysis of television audience data, and counts most of the major advertisers among its clients, from agri-food groups to producers of everyday consumer goods and retail chains. Based in New York, it has had to diversify into audiences for online content, on streaming platforms for example, but it faces much stronger competition in this sector.

Holcim

Swiss cement maker Holcim (HOLN.SW, CHF46.88) will withdraw from the Russian market, it announced on Tuesday, after having already suspended its investments in the country following the invasion of Ukraine. “Holcim’s board of directors has decided to begin the process of exiting the Russian market,” he said in a statement, highlighting the values ​​of the company which intends to conduct its activities in a “responsible manner”. he insists.

Holcim employs more than 1,000 people in the country where the group has three sites specializing in the production of cement. Russia accounts for less than 1% of turnover, a spokesperson for the building materials giant told AFP. The group, which will have to find a buyer for its sites in Russia, has not yet specified a deadline for finalizing this exit from the country.

Resulting from the merger in 2015 with the French Lafarge, the group had been shaken by the decision to maintain a cement factory in Syria. The group has since changed its name, abandoning its corporate name Lafarge to return to the historic name of the Swiss group, becoming simply Holcim again.

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