Atomic number

Alpha Blue Ocean Expresses Concern About Element's Acquisition of PALCapital; Considers Court Investigation Into Transaction

Retrieved on: 
Friday, August 16, 2019
Finance, Professional services, Technology, Other Technology, Physical sciences, Natural sciences, Chemistry, Atomic number, Atoms, Numbers, Blue Ocean Strategy, Securitization, Chemical element, Radon

Alpha Blue Ocean is investment manager of the European High Growth Opportunities Securitization Fund (EHGO), an entity holding shares in Element.

Key Points: 
  • Alpha Blue Ocean is investment manager of the European High Growth Opportunities Securitization Fund (EHGO), an entity holding shares in Element.
  • Alpha Blue Ocean has written to Element's management urgently seeking detailed information about the terms of the acquisition of PALCapital by Element, and will raise questions about the acquisition at the EGM on Monday.
  • If satisfactory responses are not received Alpha Blue Ocean will seek a court supervised investigation into Element's acquisition of PALCapital.
  • Pierre Vannineuse, the founder of Alpha Blue Ocean, said, The timing and nature of this transaction raises very serious questions about the corporate governance of Element.