SYDNEY, AUSTRALIA: Commonwealth Bank of Australia (CBA) it has entered into a binding agreement to sell its 99% shareholding in its Indonesian banking subsidiary, PT Bank Commonwealth (PTBC), to PT Bank OCBC NISP Tbk (OCBC Indonesia), a subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC) for an upfront cash consideration of approximately A$220m. CBA has been…
Author: Bernice Miles
DCC Energy has agreed to acquire Progas GmbH for €160 million
LONDON, UK: DCC plc announced that DCC Energy has agreed to acquire Progas GmbH, a leading distributor of LPG in Germany, subject to customary regulatory approval. The acquisition is based on an enterprise value of approximately €160 million (£140 million) on a cash-free, debt-free basis and the consideration will be settled in cash on completion,…
Schroders Capital invests $8.0 million in India-based Bizongo
LONDON, UK: Schroders Capital Global Innovation Trust plc has made an investment of $8.0 million (£6.3 million) in India-based vendor digitisation company, Bizongo. This investment formed part of the $50.0 million Series E funding round that was led by Schroders Capital with participation from other investors including IFC, BCap, Chiratae Ventures, and British International Investment….
TruFin’s subsidiary Oxygen Finance to acquire bidstats.uk
LONDON, UK: TruFin announced that its subsidiary Oxygen Finance, the leading early payments programme provider headquartered in Birmingham, has entered into a binding agreement to acquire bidstats.uk and all associated assets. bidstats.uk offers users a suite of tools bundled into easily accessible freemium and subscription services that help businesses win public sector work. The site…
Crescent Point Energy has acquired Hammerhead Energy Inc. for CAD 2.55 billion
LONDON, UK: Riverstone Energy Limited (REL) announced that Hammerhead Energy Inc. has announced the sale of Hammerhead to Crescent Point Energy Corp., a Calgary based energy company, for an enterprise value of C$2.55 billion, or C$21.00 per share, a notice said. Each Hammerhead Energy share will be exchanged for (i) C$15.50 (approximately US$11.26) per share…
Cordiant Digital Infrastructure to acquire Norkring België NV for €5.25 million
LONDON, UK: Cordiant Digital Infrastructure, an operationally focused specialist digital infrastructure investor, has agreed to acquire Norkring België NV, which operates 25 communication and broadcast towers in Belgium, from its current shareholders Telenor Communication II AS and Participatiemaatschappij Vlaanderen NV. Norkring is being acquired for a total enterprise value of €5.25m, subject to customary adjustments….
RTW Biotech agrees to takeover Arix Bioscience plc at the rate of £1.43 per share
LONDON, UK: RTW Biotech Opportunities Ltd has agreed to the terms of a recommended all-share acquisition of Arix Bioscience PLC, to be affected through a scheme of reconstruction and the voluntary winding-up of Arix under section 110 of the Insolvency Act 1986, a notice said. The scheme will combine the assets of Arix with RTW…
RWS Holdings acquires Cape town-based ST Communications
LONDON, UK: RWS Holdings plc announced the establishment of a presence in Africa through the acquisition of STComms Language Specialists Proprietary Limited (ST Communications), a Cape Town-based language services provider. This marks a milestone for RWS, enabling clients to further their reach into the African market with locally-based talent and linguistic expertise across 40+ African…
Let’s Explore Group agrees to acquire Huddled Group for £3.95 million
LONDON, UK: Let’s Explore Group plc has entered into a conditional sale and purchase agreement, for the acquisition of the entire issued share capital of Huddled Group Limited, and its wholly-owned Subsidiaries for a total consideration of £3.95 million. The Company will pay an initial payment of £3.45 million and a deferred payment, subject to…
Aviva plc has acquired AIG Life UK for £460 million
LONDON, UK: Aviva plc announced the acquisition of AIG Life Limited (AIG Life UK) from Corebridge Financial, Inc., a quoted subsidiary of American International Group, Inc. (AIG), for consideration of £460m, a statement said. The transaction builds upon Aviva’s momentum in the protection market, where Aviva has delivered strong organic growth through an award winning…
Essentra plc has acquired BMP TAPPI in a EUR 33.5 million deal
LONDON, UK: Essentra plc announced the acquisition of BMP s.r.l (BMP TAPPI), a family-owned, leading Italian manufacturer and distributor of protective caps and plugs for an initial cash consideration of EUR 33.5m, in line with its inorganic growth strategy previously communicated at the Capital Markets event in November 2022. Based in Milan, Italy, BMP TAPPI…
Journeo plc has acquired MultiQ Denmark A/S for a total of €2.5 million
LONDON, UK: Journeo plc (AIM: JNEO), a leading provider of information systems and technical services to transport operators and local authorities, announced the acquisition of the entire issued share capital of MultiQ Denmark A/S for a total consideration of €2.5 million on a debt free cash free basis. MultiQ Denmark is a leading full-service provider…