CAC40: Geopolitics Still Dominates

According to Bloomberg, Stellantis is currently exploring different options for building electric vehicles in Canada with its Chinese partner Zhejiang Leapmotor Technology. Additionally, the car manufacturer will recall nearly 700,000 vehicles due to a fire risk. Models manufactured between mid-2023 and the beginning of 2026 need to undergo inspection for a potential safety defect causing water infiltration in the engine compartment.

TotalEnergies has signed an agreement with the Emirati group Masdar to create a joint venture worth $2.2 billion dedicated to renewable energy development in Asia.

Antin Infrastructure Partners, specialized in managing investment funds dedicated to infrastructure companies operating in energy, environment, telecommunications, transportation, and social infrastructure sectors, has announced the acquisition of Sapphire Gas Solutions, a vertically integrated provider of compressed natural gas (CNG) and liquefied natural gas (LNG) solutions from funds raised by subsidiaries of Apollo.

UTA Edenred, the mobility services subsidiary of Edenred, has partnered with the German energy provider EnBW to offer fleet managers in Germany a unified platform dedicated to electric charging infrastructure and value-added services. Through this digital platform, fleet operators can access EnBW’s HyperNetz network, which includes 8,000 fast charging stations, as well as UTA Edenred’s services, including service provision, quality control, and payment processing.

Accor has signed a memorandum of understanding with Blackstone to sell its 30.56% stake in Essendi (formerly AccorInvest) to a consortium formed by Blackstone and Colony IM. The operation could reach €975 million, with €675 million going towards the realization and an additional price supplement of up to €300 million.

Kering has reached an agreement to transfer one of its real estate assets in Milan to a newly formed joint stock company that it will jointly hold with Al-Mirqab Group. After the transfer, Kering will receive €729 million, with an additional €432 million after a five-year period.

Aperam has acquired the German producer of nanocrystalline soft magnetic components, Magnetec Group, which was undergoing preliminary insolvency proceedings and will be integrated into the alloys and specialty divisions of the Luxembourg-based steelmaker.

Pernod Ricard has completed the sale of its sparkling wines Mumm (excluding champagne) in the United States, including the brands Mumm Sparkling California, Mumm Napa, and DVX, to Trinchero Family Wine and Spirits. Simultaneously with this transaction, Pernod Ricard has also finalized the sale of the Californian wine Kenwood and all wine-making operations and associated brands to F. Korbel & Bros, a California leader in sparkling wine production founded in 1882.

Hoffmann Green Cement Technologies has signed an exclusive preliminary agreement with Bruil, a Dutch player in ready-mix concrete, with the aim of concluding a licensing contract in the Netherlands.

The CAC 40 index fell by 0.24% to 7,962.39 points with a trading volume of 3.894 billion euros. Throughout the week, it gained 3.38%.