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Sika AG said Aug. 19 that it has placed an inaugural hybrid capital bond with a total amount of €1 billion split into two €500-million tranches. The net proceeds of the transaction will be used for general corporate purposes including financing of bolt-on acquisitions and refinancing of existing financial indebtedness, the company said.
LEO Pharma has agreed to buy the worldwide rights to Tanabe Pharma’s drug in development for photosensitive genetic disorder treatment, bolstering the Danish company’s pipeline that has already undergone expansion this year.
DSM-Firmenich’s chair of the board of directors, Thomas Leysen (pictured above), has decided to retire from his role once his successor has been elected by the company’s shareholders. The company said its ‘strategic direction’ is ‘fully set,’ prompting Leysen’s decision to step down and devote more time to his other corporate and non-profit mandates.
Packaging group SIG has announced that its chief financial officer, Ann-Kristin Erkens, will take on the role of chief executive officer, effective immediately. Erkens previously served as SIG’s interim CEO from August 2025 to end of February 2026. She will take over from current CEO Mikko Keto, who took up the position in spring 2026, and will continue to serve as CFO until a successor has been appointed.