Enagas Weighs Stake in French Gas Operator Terega
Meanwhile, the European energy chessboard continues to shift. Spanish grid operator Enagas is reportedly mulling over the purchase of a 32% stake in French gas transmission firm Terega from Singapore’s GIC for about €600 million, valuing Terega at roughly €4 billion, including debt.
Both companies already collaborate on hydrogen and gas interconnection projects linking Spain and France—efforts seen as vital to Europe’s green energy goals. While the discussions remain fluid, industry observers say the move could deepen cross-border energy integration in the continent’s rapidly evolving market.
Apollo Reignites Takeover Battle for Papa John’s
Across the Atlantic, private equity powerhouse Apollo Global Management has turned up the heat in its pursuit of Papa John’s, boosting its offer from $60 to $64 per share, according to Reuters.
The latest bid—co-led by Irth Capital Management—comes amid growing interest from activist investors eager to take a slice of the global pizza chain. Founded in 1984, Papa John’s now operates nearly 6,000 restaurants across 50 countries, making it a tempting target in the fast-casual food sector.
