CVCA

Spanish Cement Manufacturer Takes Over Calucem

Spanish cement producer Cementos Molins has taken over a full stake in Calucem, the owner of the Pula cement plant, from the Italian private equity fund Ambienta SGR. The value of the transaction, as it is unofficially known, is around 150 million euros. The transaction should be fully completed in the last quarter of this year. By then, the usual takeover procedure should be completed, which includes collecting approval from competition authorities.

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Spanish Cement Manufacturer Takes Over Calucem

Spanish cement producer Cementos Molins has taken over a full stake in Calucem, the owner of the Pula cement plant, from the Italian private equity fund Ambienta SGR. The value of the transaction, as it is unofficially known, is around 150 million euros. The transaction should be fully completed in the last quarter of this year. By then, the usual takeover procedure should be completed, which includes collecting approval from competition authorities.

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Croatian-American ReversingLabs secured a $56m investment

Croatian-American company ReversingLabs has secured an investment worth $ 56 million in its Series B financing round, it was announced. Mario Vuksan and Tomislav Peričin founded ReversingLabs back in 2009 and today offer a range of products and solutions in the field of corporate cyber security.

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The first regional fund for connecting science and business in the EU is launched

Today, the Croatian Bank for Reconstruction and Development (HBOR) signed an agreement with the European Investment Fund (EIF) and SID Bank, the Slovenian Export and Development Bank, establishing the first regional platform for launching a fund to finance the commercialization of innovative technological and scientific solutions in Croatia and Slovenia. universities, research institutes and centers worth at least 40m euros, HBOR said.

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Infobip makes new acquisition

Infobip has announced a new, third acquisition in just seven months. This time it is the Irish IT company Anam Technologies, the world's leading provider of SMS firewall services. Infobip and Anam together will provide technical solutions for more than 700 mobile operators globally covering 64% of the world’s mobile devices. The value of the acquisition remains unknown, and payment was made by a combination of cash and Infobip shares. 

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UiPath IPO

The most valuable startup in Southeast Europe listed its shares on the New York Stock Exchange onWednesday. Romania’s UiPath, which develops software robots used by companies around the world to automate employee repetitive jobs, has set the starting price for its shares at $56.

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Fortenova Group Sells Ledo for 615 Million EUR

Fortenova Group signed contract with Nomad Foods to divest its frozen food business. The value of the transaction is 615 million EUR, on a cash-free and debt-free basis, and its conclusion is planned for the third quarter of 2021.

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Porsche increases stake in Rimac Automobili to 24%

RimacAutomobili, the Croatian company which produces and develops high-tech components for electromobility, known for its electric hypercars and batteries, has received yet another investment from Porsche AG.

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Croatian startups to watch in 2021

Novac.HR, the economic section of Jutarnji list presented the first independent list of domestic young, innovative technology companies worth following in the following year called: "Novac.HR TOP 10 Croatian startups to monitor in 2021.".

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INFOBIP is the first official Croatian UNICORN

Announcement on July 30, 2020. that the US private equity firm One Equity Partners is partnering with Infobip in their $200 million Series A round at a $1 billion valuation may not seem groundbreaking in the international technology market yet for a small mostly tourism-driven country like Croatia it certainly is.

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