M&A

Michelin today announces the acquisition of PTG and Téléflow, both industry leaders in tyre pressure control systems which allow users to monitor and adapt tyre pressures according to the terrain and conditions of use. These acquisitions signal Michelin’s intention to become the global leader for CTIS* in the agricultural market.

Total and Erg have signed an agreement with the Italian Group API to sell their fuel marketing and refining assets in the TotalErg joint venture (Erg 51%, Total 49%). Following the divestment of the LPG and Commercial Sales businesses, this third transaction completes the sale of all TotalErg’s assets, for a total amount of around €750 million.

Estelle Ménard, Deputy Head of Thematic Equities Management and Fund Manager of the fund CPR Invest–Europe Special Situations at CPR AM believes that an environment of long-term moderate growth is a strong driver for boosting both economic and financial restructuring operations.

On the occasion of a fund-raising operation totalling €1 million, CNP Assurances bought a stake in MyNotary, the first French online collaborative co-construction platform in real estate through its Corporate Venture programme Open CNP.

Institutional Shareholder Services Inc. (ISS), a leading provider of corporate governance and responsible investment solutions to financial market participants, announced that Genstar Capital has entered into a definitive agreement to acquire ISS from Vestar Capital Partners for $720 million.