French and Benelux stocks-Factors to watch

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 31 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks.


FAURECIA The French car parts maker opened a $147 million plant in Mexico to make car seats and interiors, the company said on Thursday, the latest in a string of auto sector investments driving the country's so-called "nearshoring" boom.


GALAPAGOS The biotechnology company announced its R&D activities conducted in Romainville, France will be transferred to the French Contract Research Organisation NovAliX.


GAZTRANSPORT ET TECHNIGAZ The engineering company said it won order from Hyundai Samho Heavy Industries for three new LNG carriers whose delivery is scheduled between the fourth quarter of 2026 and the fourth quarter of 2027.


PUBLICIS GROUPE The communication group will extend its presence in Latin America with the purchase of Argentina-based Practia by its digital arm Publicis Sapient.


SAINT GOBAIN The construction material company announced it will divest its glass processing businness in Switzerland with the transaction expected to close by the end of May 2023.


SANOFI The French drugmaker has started a process to turn its India consumer healthcare business into a listed entity via a demerger, the Economic Times newspaper reported on Friday.


SOFINA The holding company reported its annual net result turn to loss of 1.87 billion euros and its net asset value drop to 9.31 billion euros from 11.35 billion euros for the same period a year earlier.


UMICORE The global materials technology group announced it will invest a minority stake in US-based start-up Blue Current with the aim of strengthening Umicore's solid-state battery technology.


UNIVERSAL MUSIC GROUP Universal Music Group announced it extends Lucian Grainge's contract as the company's Chairman and CEO until May 2028.
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