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Company News, Business, Economy

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Investcorp buys stake in SEC Newgate

The overarching objective of the climate solutions platform is to accelerate the global transition to a zero-carbon economy.
By TRENDS Desk
July 3, 2023 9:10 pm
  • SEC Newgate's other shareholders will roll over 100 percent of their equity investment as part of the transaction.
  • The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

MANAMA, BAHRAIN  –   Alternative investment firm Investcorp said it will invest US$100 million for a majority stake in SEC Newgate – a strategic communications and advocacy group.

The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

SEC Newgate’s other shareholders will roll over 100 percent of their equity investment as part of the transaction.

Investcorp’s investment will help SEC Newgate expand in EMEA and the APAC region through both organic growth and M&A.

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