In today’s briefing:
- LS Group Family Members Sold a 6.3% Stake in LS Ecoenergy – To Buy More Shares of LS Corp?
- BETA Technologies (BETA): Electric Aircraft Maker Sets Wide Range, Seeking up to $7.2b Valuation
- Deutsche Post AG – What’s News in Amsterdam
- Enpro Bets Big On Biopharma & Sensors With $280M Deal—AlpHa & Overlook Could Be Game Changers!
- Norcros PLC – Strategy driving progress, full year on track
LS Group Family Members Sold a 6.3% Stake in LS Ecoenergy – To Buy More Shares of LS Corp?
- It was reported that various members of the LS Group family/relatives sold a 6.3% stake in LS Eco Energy Ltd (229640 KS) for about 70 billion won in after-hours trading.
- There is an increasing probability that this could lead to these insiders purchasing more shares of LS Corp to defend their controlling stake of the company from the Hoban Group.
- Hoban Group is likely to have acquired more than 3% stake in LS Corp. If so, it can request to inspect LS Corp’s books and convene a shareholders’ meeting.
BETA Technologies (BETA): Electric Aircraft Maker Sets Wide Range, Seeking up to $7.2b Valuation
- BETA Technologies (BETA US) is to offer 25.0 million shares at $27-$33 equating to a valuation of $5.9b-$7.2b and can go public as soon as November 4th.
- There are a number of anchor order commitments on the cover of the prospectus in addition to a 5% directed share program.
- While the company has significant losses, they should be seen in light of its strong potential in low-cost air travel.
Deutsche Post AG – What’s News in Amsterdam
- In this edition: • ABN Amro | warns for margin pressure impacting its 3Q25 results • BAM Group | Femern Link Contractors joint venture threatens with EUR 2bn claim • Sligro Food Group | slight moderation of FY25 guidance after uninspiring 3Q25 • bpostgroup | following up on the ‘Night Delivery’ service • E-commerce & Logistics | Temu’s pre-tax profit more than doubled in 2024 • E-commerce & Logistics | Dutch plan for national levy on non-EU low-value parcels imports
Enpro Bets Big On Biopharma & Sensors With $280M Deal—AlpHa & Overlook Could Be Game Changers!
- Enpro Industries recently announced its intent to acquire two niche yet highly complementary businesses—AlpHa Measurement Solutions and Overlook Industries—for a combined $280 million in cash.
- These acquisitions mark a strategic push under Enpro’s “Enpro 3.0” framework, aimed at strengthening its Sealing Technologies segment and expanding its footprint in high-growth verticals like compositional analysis and biopharma.
- AlpHa, based in Houston, provides liquid analytical sensing technologies, while Overlook Industries specializes in single-use technologies for biopharmaceutical production.
Norcros PLC – Strategy driving progress, full year on track
- Having completed the Fibo deal earlier in the week, Norcros has followed up with a solid, above market H1’26 trading update and unchanged guidance.
- Strategic delivery through operational excellence and highly complementary M&A is clearly being executed well and, notwithstanding market variability, Norcros is maintaining forward momentum.
- Norcros delivered a marginally better underlying revenue performance in H1’26 overall with the headline c.£184m also boosted by an additional trading week.
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