MergersandAcquisitions
BlaBlaCar has secured €100 million in bank loans to acquire new firms and to grow its business internationally. At its inception, the app was designed to link up drivers and passengers travelling along the same route, but since 2019, BlaBlaCar also operates a bus service. With its new funding, the firm hopes to expand both its carpooling and bus operations in countries where it already has a presence - such as Brazil, Mexico and India. In 2023, Brazil became BlaBlaCar’s leading country for carpooling activity, although the firm has a presence in 21 nations. "This €100 million of credit will en...
Euronews (English)
Petrochemical billionaire Sir Jim Ratcliffe now owns a 27.7% minority stake in Manchester United, through his company Trawlers Limited. A lifelong United fan, Sir Jim is best known for being the head of the INEOS conglomerate. His initial offer was for a 25% stake in the club, which includes a 25% stake in Class A shares, as well as a 25% stake in Class B shares, at $33 (€30.5) per share for both classes. However, since this offer was closed, Sir Jim has offered another $200 million (€185.1 million) for more shares, taking his total ownership of the club to 27.7%. He has also pledged another $...
Euronews (English)
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