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Capita announced the appointment of Daniel Wosner, managing director and head of Europe at Oasis Management, as a non‑executive director with effect from the conclusion of the AGM held on 18 May. In connection with the appointment, Capita and Oasis, which has 15.21% stake in the British business-process outsourcing company, have entered into a relationship agreement on customary terms including customary governance, standstill and voting provisions, according to the announcement.
Classification: Prospective

British hedge-fund manager Christopher Hohn’s TCI has disclosed a stake of 5.15% in the German stock exchange operator Deutsche Börse, Handelsblatt reported. The German daily cited a Friday voting-rights notification that disclosed Hohn increased his stake to 5.15% from 0.96% on 13 May.
Classification: Prospective

The proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Shawbrook shareholders vote against the FTSE-250 bank’s remuneration report, The Times reported. ISS said the base pay of GBP 1.12m for Shawbrook’s chief executive, Marcelino Castrillo, this year is not proportionate to the size of the company and is higher than pay packages among other financial service groups, with no “sufficiently compelling rationale,” according to the newspaper.
Classification: Prospective

Shares in Recordati were among the bigger gainers in Dealreporter’s Live and Expected Deals Universe last week, according to Activistmonitor‘s Morning Flash commentary. Recordati’s stock price gained 4% on 13 May after the company reported solid first-quarter earnings, increasing pressure on suitor CVC to improve an indicative takeover offer of EUR 52 per share, the report said.
Classification: Prospective

Press Round-up:

British oil giant BP is weighing a partial sale of its 44.3% stake in the Browse LNG joint venture, potentially offloading about 10%, The Australian reported on 18 May. According to the report in the paper’s Dataroom column, sources said the move could run in parallel with London-listed oil giant Shell’s sale of its 16.67% interest in the North West Shelf (NWS) Project, raising the prospect that a single buyer could acquire exposure to both assets.
Classification: Live. Investors (BP): Elliott Management, Ethos Foundation, Falkirk Council Pension Fund, Follow This Association, Legal & General, Local Authority Pension Fund Forum, Lothian Pension Fund, Mercy Investment Services, OFI Invest, OSTRUM ASSET MANAGEMENT, Pensionskasse Stadt Zuerich, Sierra Club, West Yorkshire Pension Fund

Live Campaign Updates:

Indra Sistemas announced that, due to the imminent expiration of the mandate and no renewal of José Vicente de los Mozos Obispo, the appointments, remuneration and corporate governance committee has initiated a selection process for a chief executive officer candidate. The Spanish strategic defence group also announced that the general shareholders’ meeting was expected to be held on 30 June.
Investors: Amber Capital, CalPERS, CalSTRS, Hay Derecho Foundation, Manuel Jesus Revuelta

SSP announced the appointment of Candace McGraw as an independent non-executive director, with effect from 1 June. McGraw will also join the audit and nomination committees, according to the announcement. The UK-based fast food group also reported results for the half year ended 31 March and provided details regarding its ‘Focus 26’ operational plan and its additional levers for value creation.
Investor: Irenic Capital Management

Delivery Hero announced that US-based Uber has acquired additional shares and instruments in the Frankfurt-listed online food delivery company, meaning it now owns 19.5% of Delivery Hero’s issued capital, with a further 5.6% in options. Delivery Hero said it welcomed Uber’s additional investment as a further endorsement of its platform and Everyday App strategy.
Investors: Sachem Head, Aspex Management, Broad Peak Investment, Psquared Asset Management, Ajeej Capital

Artisan Partners has declared a stake of 3.02% in German sports brand Adidas, according to a stock exchange filing. The transaction crossed the threshold on 11 May.
Investors: Union Investment, Groupe Bruxelles Lambert (Potential), NNS Holding (Potential), DWS Investment, Deka Investment, Allianz Global Investors

Irish Residential Properties REIT investor Ameriprise Financial has increased its stake to 10.02% from 9.85%, according to a stock exchange announcement. The transaction crossed the threshold on 14 May, and the issuer was notified on 18 May.
Investor: Vision Capital

The board of managing directors and supervisory board of Commerzbank have published their joint reasoned statement on the voluntary public takeover offer in the form of an exchange offer by Italy-based UniCredit, according to a press release. The board of managing directors and supervisory board recommend that Commerzbank shareholders do not accept the offer, it said. Separately, UniCredit has increased its stake in Commerzbank to 38.87% from 32.64%, according to a stock exchange filing.
Investor: Union Investment

Wienerberger, an Austria-based manufacturer of construction materials, has signed an agreement to acquire Univerzum Export-Import DOO, the leading producer of clay blocks in Serbia, which has approximately 200 employees and a projected turnover of EUR 20m for 2026.
Investor: Petrus Advisers

London-listed abrdn European Logistics Income (ASLI), which is in the process of selling down its portfolio of European logistics real estate, announced that it has now completed the sale of its warehouse located in Ede, the Netherlands, as part of its shareholder-approved managed wind-down. The asset has been sold for EUR 23.5m, according to the announcement.
Investor: DL Invest Group

British oil and gas exploration and development company Capricorn Energy confirmed that it did not intend to make an offer for UK-based investment company Deltic Energy, according to a regulatory filing.
Investors: Irenic Capital, Kite Lake Capital, Madison Avenue Partners, Newtyn Partners, Palliser Capital

Prospective Campaign Updates:

Our team of analysts and journalists highlight prospective situations not yet tracked as live or potential campaigns, but which could be of interest.

Coca-Cola Europacific Partners (CCEP) issued a letter to shareholders, providing additional context regarding certain resolutions (resolutions 7, 9, and 25), according to a regulatory release. The UK-based manufacturer and distributor of bottled soft drinks announced that Institutional Shareholder Services (ISS) recommended voting against these resolutions at the AGM to be held on 28 May, and Institutional Voting Information Service (IVIS) has given a “RED” designation in respect of resolution 25.

eEnergy Group, a UK-based energy efficiency-as-a-service (EEaaS) business, announced that Harvey Sinclair has stepped down as chief executive officer and as a director by mutual agreement with the board and with immediate effect. Chief Financial Officer John Gahan takes over Sinclair’s responsibilities as CEO on an interim basis until a replacement CEO can be appointed, according to the announcement.

Harworth Group announced the appointment of Tony Quinlan as an independent non-executive director, effective from 1 June. Quinlan will also join the audit and remuneration committees on appointment, according to the announcement. The UK-based land developer also disclosed the results of its AGM held on 18 May.

Richard Griffiths has reduced its stake in IQE, a UK-based manufacturer of compound semiconductor wafers, to 6.76% from 8.36%, according to a regulatory release. The transaction crossed the threshold on 14 May, and the issuer was notified the following day.