Velan to sell French subsidiaries to EDF's Framatome for $198.4M; Shares rally By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2025
0mins
Source: Investing.com
Sale Announcement: Velan Inc. plans to sell its French subsidiaries, Segault SAS and Velan SAS, to Framatome for $198.4 million, pending shareholder approval.
Market Reaction: Following the announcement, Velan's stock experienced a significant increase of 32%.
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About EDF
Virtus Stone Harbor Emerging Markets Income Fund (the Fund), formerly Stone Harbor Emerging Markets Income Fund, is a non-diversified, closed-end management investment company. The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. The Fund may invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets debt. The Fund invests in various sectors, such as Sovereign Hard Currency, Corporate Hard Currency, Sovereign Local Currency, and Corporate Local Currency. The Fund invests in various geographical locations, including Brazil, Argentina, Mexico, South Africa, Russia, Ivory Coast, Colombia, Indonesia, Ghana, Ecuador, Venezuela, Lebanon, Costa Rica, Nigeria, and Kenya. The Fund's investment advisor is Virtus Investment Partners, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investment Objective: The fund aims to maximize total return, which includes income and capital appreciation, although there is no assurance that this objective will be achieved, necessitating careful risk assessment by investors.
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- Tax Information Disclaimer: The announcement specifies that the distribution amounts are estimates and will depend on the fund's investment performance and changes in tax regulations, reminding investors to consider potential tax implications.
- Investment Objective: The fund aims to maximize total return through income and capital appreciation, although there is no assurance of achieving this goal, its focus on emerging market securities indicates a pursuit of high-yield investment opportunities.
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See More
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- Budget Approval: The Board approved a budget of €2.7 billion for 2026 to support the EPR2 program, ensuring the nuclear construction proceeds as planned and aligns with strategic objectives.
- Commissioning Timeline: The first reactor is targeted for commissioning in 2038, with subsequent reactors scheduled at 12 to 18-month intervals, indicating EDF's long-term strategic positioning in the nuclear sector.
- State Support Measures: The program will benefit from state support measures, including subsidized loans covering at least 50% of construction costs and a 40-year contract for difference, aimed at enhancing France's energy independence and industrial sovereignty.
See More
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- Private Bond Issuance: Since June 30, 2025, EDF has completed private bond placements totaling €750 million, further enhancing liquidity and supporting future investments.
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See More
