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Investment giant duo plot takeover of Bridgepoint-owned Element Materials

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Private equity firm Cinven and a Canadian pension giant are reportedly in talks for a joint bid for Bridgepoint-owned Element Materials Technology.

The discussions between the private equity firm and Canada Pension Plan Investment Board (CPPIB) are still in the preliminary stages, Sky News’ Mark Kleinman first reported.

Element, which offers testing services for materials used in aerospace and a mass of other sectors, is set to be valued at around £4bn if the deal goes ahead.

After buying Element in 2016, Bridgepoint has appointed bankers to partake in a strategic review, which will likely be followed by an auction, according to the report.

The materials tester, which is chaired by Co-op Group, Wagamama and Brewdog chair Allan Leighton, is also part-owned by Singapore’s state investment fund Temasek Holdings.

Cinven declined to comment.

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omicron: Third case of Covid Omicron strain confirmed in Spain

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MADRID: The third case of infection with the new strain of Covid-19, Omicron, has been confirmed in Spain – in the Balearic Islands, health authorities said.
“The microbiology laboratory of the Son Espaces University Hospital today confirmed a positive result of the Omicron SARS-CoV-2 strain through a special PCR test,” the health council of the Balearic Islands government said in a statement.
The first two cases of the new strain were previously confirmed in Madrid.
In all three cases, coronavirus was diagnosed in travellers from South Africa.

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Here’s What You Should Know

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The Railway Men Release Date: YRF Entertainment has announced its first web series The Railway Men which is a tribute to the unsung heroes of the 1984 Bhopal gas tragedy.

What is The Railway Men about?

In 1984, the Bhopal Gas Tragedy occurred on the night of December 2 when methyl isocyanate (MIC) spilt out from Union Carbide India Ltd’s (UCIL’s) pesticide factory and turned Bhopal into a gas chamber. At least 30 tonnes of the lethal gas killed more than 15,000 people and affected over 600,000 workers. The Railway Men revolves around the workers at the Bhopal railway station who saved thousands of lives.

The tragedy is often touted as the world’s biggest man-made industrial disaster. In fact, the toxins have also seeped into the water of Bhopal and it was only in 2011 that the rehabilitated people started getting clean water.

“The leak affected boys in our bastis, many are impotent and those who have fathered children have kids with some kind of disability. Nobody wants to marry girls from our bastis, too.” said Shehzadi, Activist, International Campaign for Justice in Bhopal said.

Star Cast

The cast of the movie is led by R. Madhavan, Kay Kay Menon, Divyenndu Sharma and Babil Khan. It is directed by Shiv Rawail.

Akshaye Widhani, senior VP at Yash Raj Films said, “The Bhopal Gas Tragedy is the world’s worst industrial disaster that has impacted scores of people since the tragedy struck the city 37 years ago. At YRF, we are constantly trying to develop the best compelling stories for audience and this is our tribute to the unsung heroes of the tragedy who, despite saving thousands of lives on that fateful day, are still unknown to people across the world.”

When to watch The Railway Men

The Railway Men started filming from December 1st, yesterday.


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India’s daily Covid-19 rises for 2nd consecutive day amid Omicron scare | Latest News India

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The daily Covid-19 tally of India increased for the second consecutive day on Thursday as the country reported 9,765 new cases in the last 24 hours, according to the numbers updated on the Union ministry of health family welfare’s website. On Wednesday, there were 8,954 cases of infections, a jump of 1,964 cases than Tuesday’s, when it had logged 6,990 cases. It was the lowest in the last 551 days.

The active caseload remained below the 1 lakh mark and now stands at 99,763. Active cases account for less than 1% of total cases, currently at 0.29%. It is the lowest since March 2020.

The recovery rate is currently at 98.35%, the health ministry also mentioned. According to the data, 8,548 people were recuperated from the disease in the last 24 hours, pushing the total recoveries to reach 34,037,054.

Notably, the daily positivity rate (0.89%) has been less than 2% for the last 59 days, while the weekly positivity rate (0.85%) is less than 1% for the last 18 days.

The country has conducted 64.35 crore total tests so far, the health ministry also informed in its daily health bulletin. On the vaccination front, India has administered 124.96 crore doses so far.

The uptick in cases comes as the country along with the world is facing the threat of Omicron, a highly contagious mutation of the coronavirus, first detected in South Africa. On Wednesday, six international passengers tested positive for the Covid-19 out of 3,476 passengers from the countries designated as “at-risk” by the Indian government.

They were tested on arrival at airports across the country as the Centre’s revised guidelines for Covid testing came into effect. The samples of all six have been sent for whole-genome sequencing to confirm Omicron infection.

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