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Here's a quick overview of the main events of the day:

  • Schneider Electric acquires Norwegian company Cognite for $3.1 billion.

  • BASF and Carlyle complete the sale of their coatings division for €7.7 billion.

  • ByteDance is building a data center in Brazil worth $39 billion.

  • Wayve is offering employees shares worth $85 million on the London Stock Exchange.

  • SGE plans to build 14 SMR reactors in the UK for $46.5 billion.

  • Fed Kevin Warsh: Inflation is still too high, data are not yet finalized.

  • ADP June: The private sector added only 98,000 jobs.

Foreign Investments

The largest acquisition news comes from the French energy group Schneider Electric, which announced the acquisition of the Norwegian industrial data platform company Cognite for $3.1 billion in cash, according to a company press release. Schneider will acquire a 100% stake from the Norwegian industrial conglomerate Aker ASA and other investors; Aker will receive approximately $1.48 billion for its stake. Schneider intends to merge the acquired company with its own industrial software division, AVEVA.

Cognite, a Norwegian startup founded in 2017, operates a cloud-based AI platform for industrial companies in the energy, oil, and manufacturing sectors, and reported recurring revenue of over $170 million in 2025, with a year-over-year growth of 36 percent. Schneider Electric shares fell by 2.9 percent after the announcement in Paris, as investors consider the price to be expensive, but analysts at JPMorgan noted that Schneider's acquisitions tend to prove their strategic logic in the long term.

In parallel, a transaction was completed in the chemical industry: the German giant BASF completed the sale of a 60% stake in its coatings division to the private company Carlyle and the Qatari fund Qatar Investment Authority for a corporate value of €7.7 billion. The new company is called Surventis, and BASF received approximately €5.8 billion in cash for the transaction. BASF will retain the remaining 40% stake as a financial investment.

In the area of technological infrastructure, the news focuses on the Chinese owner of TikTok, ByteDance, whose data center in the Brazilian state of Ceará, detailed in Wednesday's edition of Bloomberg Businessweek, will have a total value of over $39 billion and will become the company's largest data center outside of China. Partners in the project include Omnia (the Patria Investments asset management platform) and the renewable energy company Casa dos Ventos, which signed a 20-year agreement with ByteDance in May for $2 billion.

On the London market, the British autonomous driving startup Wayve (valued at $8.6 billion) is attracting attention. It is the first major company to use the new private trading system LSEG PISCES for an employee stock option offering of $85 million, scheduled for July 8, according to the Financial Times. Key investors in the startup include Uber, Nvidia, Microsoft, and Mercedes-Benz.

Significant Events with Global Impact

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An ambitious nuclear project is heading to the energy market: the Polish company SGE, owned by billionaire Michał Sołowow, has applied to the UK's Advanced Nuclear Framework for the construction of 14 small modular reactors (SMRs) using GE Vernova Hitachi BWRX-300 technology at three locations, with a total capacity of 4.2 gigawatts and a total investment of 35 billion pounds, approximately $46.5 billion, Reuters reported. Electricity from the first unit is expected to flow into the grid in 2034 and could meet the needs of up to eight million British households; the consortium also includes construction companies Samsung C&T and Laing O'Rourke, and technology partner Google Cloud.

In the macroeconomic environment, the highlight was the speech by Kevin Warsh, head of the US Federal Reserve, at the ECB forum in Sintra (Portugal) on Tuesday. According to CNBC, Warsh stated that prices are still too high and that inflation remains the Fed's top priority, although he hinted at a greater openness regarding the potentially deflationary impact of artificial intelligence. Meanwhile, investors were looking for information in the ADP's June figures for private sector employment, which showed only 98,000 new jobs—less than the consensus of 110,000—with the hospitality sector experiencing a sixth consecutive month of weak hiring. The main nonfarm payrolls report for June will be released this afternoon.

gnews.cz - GH

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