A cheeky website about deals, dealmakers and anything else I find interesting. Edited by Ben Harrington. If you have a tip, want to discuss a story or have a subscription enquiry please feel free to email Betaville at [email protected]. Betaville can also be reached at Whats App, Signal or Telegram. Betaville's Twitter handle is @bharringtonw11 and you can message me via Twitter with stories.
And there you have it: the Infrastructure Investment Fund (IIF) has agreed a deal to buy Falck Renewables for € 8.81 per share from the Falck family.
For those of you unfamiliar with the IIF it is managed by JP Morgan Investment Management. Below is a link to this morning's announcement:..
Another day, another follow up for little old Betaville.
This time Bloomberg has run a story about a possible sale of Falck Renewables that is eerily similar to little old Betaville's UNCOOKED Alert from a couple of weeks ago. Below is the link to the Bloomie tale and little old Betaville's orginal scoop...
Plenty of Fleet Street hacks have jumped on the bear story surrounding The Hut Group, the London-listed e-commerce company also known as THG, in the last few days.
Indeed, the company's problems, including an over 40pc share price collapse over a fortnight, are managing to fill whole front pages and commentary columns this week...
Bloomberg has finally decided to follow up little old Betaville's UNCOOKED Alert on the takeover rumours swirling around Carrefour, the France-listed supermarket giant.
Over the weekend Bloomberg reported that Auchan, the privately-owned food retailer controlled by the billionaire Mulliez family, had approached Carrefour about a deal that would have valued the supermarket giant at around EURO 21.50 in cash and shares. Below is the link:..
Now hacks at Bloomberg have jumped onto the Adler Group short story.
The financial media giant today released a lengthy piece about Cevdet Caner, who Bloomberg claims has a big shareholding in Adler Group via family trusts...
I see Mike Henry, the chief executive of BHP Billiton, has been chatting to the venerable Financial Times about his plans to expand further into the copper market...
So, the bear is finally OUT of the wood: Adler Group has collapsed almost 26pc today thanks to an well-known short selling research outfit publishing its first note on the German property company...
Mast Energy Developments may have appointed a well respected corporate lawyer to its board last week but Betaville was more intrigued to hear that the company's broker has slapped a rather high price target on the little reserve power provider...
Oh look - I see Le Monde, France's most serious newspaper, has followed up little old Betaville's UNCOOKED Alert from earlier on the week about French supermarket giant Carrefour.
French hacks at Le Monde seem to be suggesting that Carrefour's boss is looking at "options" for consolidation after holding talks with the Mulliez family that own Auchan, another supermarket chain...
Markets have been skittish, so that has emboldened the bears, who over the last ten months have been hibernating in their respective caves amid a powerful equity market rally.
Now, though, bearish tales are creeping out, such as Jamie Powell's piece on FT Alphaville about chip designer Alphawave, which recently floated on the London market. Below is a link to Jamie's piece, which sent company's shares 50pc lower price after publication:..
Carrefour SA is back in focus amid a fresh round of speculation it could soon be involved in a significant transaction, including a takeover of the France-listed supermarket group.
Some people following the situation have heard to talk that Carrefour is "back in play", suggesting a mystery bidder may be circling the company.
However, the identity of the potential acquirer remains unclear, said these people following the situation...
Three years ago Betaville was ruminating on what a shocking investment Foxtons had been since it floated on the LSE in 2013 at 230p.
Back then the estate agent's stock had fallen to 57p amid a malaise in the London property market post the dreaded Brexit and just couldn't ever seem to break out from that level. Below are the links below to those past articles:..
Loyal readers of Betaville's work on here and at the Mail on Sunday will be aware that I have been attempting to uncover what the former Chancellor of the Exchequer and editor of the Evening Standard has been up to since he joined the uber dealmakers at Robey Warshaw in April this year. Below is the link on the piece I wrote about his Osborne's (or lack of) activities:..
One of Betaville's favourite City writers has just churned out a decent piece. Yes, that wily old contrarian Simon English makes some interesting points again in today's Evening Standard, concluding there is a "lot to be said for doing nothing. It's under rated".
Below is the link:..
[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].