Latest news with #CevianCapital
Times
15 hours ago
- Business
- Times
Activist investor steps up pressure on Smith & Nephew
The activist investor Cevian Capital has raised its shareholding in Smith & Nephew, increasing pressure on the FTSE 100 medical equipment maker before its half-year results. Filings show Cevian, one of Europe's biggest activist investors, has raised its stake to 8.5 per cent having first publicly emerged with a holding in July last year via a Jersey-based vehicle. Cevian, which had raised it to 7.5 per cent in February, is understood to be the largest shareholder. The stake building comes before half-year results from Smith & Nephew on August 5 where investors will look for signs of a turnaround in the performance of its orthopaedics division, the group's largest. The group remains committed to retaining the business, but following full-year results in February, John Rogers, Smith & Nephew's chief financial officer, outlined scenarios under which it could evaluate options.
Bloomberg
26-04-2025
- Business
- Bloomberg
Switzerland Inc. Fends Off Activist Cevian With Insurance Merger
When Cevian Capital boosted its stake in Swiss insurer Baloise Holding AG last year, insurance firms across Europe got ready for the activist investor to go straight for its usual playbook. Companies including Axa SA and Allianz SE began to study whether Cevian's engagement could put the Basel-based company, or some of its divisions, into play as takeover targets.
