French-owned Gefco Group is planning to sell a 40% stake in its business this year. Car manufacturer Groupe PSA, which owns Peugeot, currently holds a 25% stake in the group after selling a 75% share of the firm to Russian Railways in 2012. Last month Gefco Group presented IPO documents for approval to AMF, France’s financial authority, which revealed that Russian Railways is looking to reduce its stake to below 50%. They also show that PSA plans to reduce its […]
Waste collection company Biffa is set to return to the London Stock Exchange on Thursday (20 October) for the first time in eight years.
German automotive product supplier Brose has extended its contract with Gefco by three years. The new part of the contract will see Gefco deliver products from Brose’s production site in Coventry to one of its customers in Redditch. The original contract, held since 2005, already sees Gefco deliver vehicle seat frames to its Coventry site. The operator will initially use its own fleet, but as volumes grow Gefco will provide dedicated vehicles in the Brose livery. Gefco UK sales and […]
Norbert Dentressangle is seeking approval to be listed on the NYSE Euronext London stock exchange from next week.