Daily Brief Industrials: Tega Industries, Ctt-Correios De Portugal Sa, New Horizon Aircraft and more

In today’s briefing:

Tega Industries Ltd: Leap into the Global Big League with Molycop Acquisition
CTT-Correios de Portugal SA – What’s News in Amsterdam – 11 September (e-Commerce and Logistics)
HOVR: Continues to make steady progress toward development milestones. Increasing our 12-month valuation target to 2.

Tega Industries Ltd: Leap into the Global Big League with Molycop Acquisition

Tega Industries has announced its intent to acquire a controlling stake in Molycop at a USD 1.48 billion enterprise value, in consortium with Apollo Funds.
The deal is nearly 10x Tega’s size, and will redefine its global positioning across the mining consumables and equipment value chain.
Integration risks loom large, but if executed well, this move transforms Tega from a niche Indian export champion into a global leader in mineral processing solutions.

In this edition: • e-Commerce and logistics | Shein under scrutiny in UK over tax payments

Horizon Aircraft (NASDAQ: HOVR) is an early-stage aerospace OEM that is developing a hybrid electric vertical takeoff and landing (“eVTOL”) aircraft for the regional air mobility market.
Horizon Aircraft’s recently released 10-K revealed the steady progress the company has made over the past year (roughly doubling its staff) and a recent capital raise has given the company adequate capital to fund operations for at least the next twelve months.
The market frenzy in the eVTOL space has cooled with most of the stocks in the industry trading 25-50% below their August highs but still well above the Spring 2025 lows.

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