Plastic Omnium shares rise on electric mobility investments

Actia SA

29/03/2022 08:46

** Shares in Compagnie Plastic Omnium  PLOF.PA  rise 4.8%
after the French plastic processing group announced investments
to fuel its growth strategy in the field of electrification
    ** Plastic Omnium said it had entered exclusive negotiations
with electronic equipment manufacturer ACTIA Group  MRSP.PA  to
acquire its Power division  urn:newsml:reuters.com:*:nFWN2VV11U
    ** Plastic Omnium also entered into a partnership with
Verkor to purchase an equity stake in the French battery
manufacturer for an initial investment of EUR 20 million ($22.02
million)
    ** Midcap Partners says its sees Plastic Omnium's operations
as "highly strategic for the group's growth profile"
    ** Shares in ACTIA Group, which also posted FY results, are
up 21.5% at 07:43 GMT  urn:newsml:reuters.com:*:nFWN2VV148

($1 = 0.9081 euros)

 (Reporting by Elena Vardon)
 ((elena.vardon@tr.com))