LONDON, UK: Coca-Cola HBC AG announced today that it has reached an agreement to acquire Finlandia vodka brand from Brown-Forman Corporation. The deal, valued at $220 million, is expected to close in the second half of 2023. Finlandia is a leading vodka brand in Central and Eastern Europe, with annual volumes of 2.7 million 9L…
Author: Bernice Miles
Saint-Gobain acquires Hume Cemboard Industries to strengthen presence in Malaysia
LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for façades, partitions, and ceilings in Malaysia. Hume Cemboard Industries operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 million. This lightweight board…
ACG announces acquisition of Brazilian mining operations to fortify EV supply chain
LONDON, UK: ACG (formerly known as Appian Capital Advisory) has unveiled its agreement to acquire two profitable mining operations in Brazil, specializing in the production of low-carbon nickel sulphide and copper concentrates. The acquisition aims to bolster the supply chain for electric vehicle (EV) manufacturers in western countries, reinforcing the critical minerals sector. The cash-…
Caspian Sunrise announces sale of 50% stake in Caspian Explorer to Stepping Stone Investments
LONDON, UK: The Board of Caspian Sunrise, an oil and gas exploration company, is pleased to announce the conditional sale of 50% of the Caspian Explorer, a specialized drilling vessel, for a cash consideration of $22.5 million. The purchaser, Stepping Stone Investments Limited, is a company registered in the Seychelles. The sale is subject to…
Brookfield agrees to takeover Network International Holdings for £2.2 billion
LONDON, UK: BCP VI Neptune Bidco Holdings Limited reached agreement on the terms of a recommended cash acquisition of Network International Holdings Plc at the rate of 400 pence in cash for each Network International share. BCP VI Neptune Bidco is an entity indirectly owned by Brookfield Business Partners together with private equity funds managed…
David Hobbs elected as Chairman of the Pantheon Resources Board
LONDON, UK: Pantheon Resources plc announced that Phillip Gobe has informed the Company of his intention to retire and the Board has elected David Hobbs as Chairman, with the intention for him to become Executive Chairman upon execution of an employment agreement. Phillip joined the Board in 2016 and became Chairman in October 2017. Since…
Associated British Foods agrees to takeover National Milk Records in a £48mn deal
LONDON, UK: AB Agri Limited (an indirect wholly-owned subsidiary of Associated British Foods plc (ABF)) will acquire the entire issued and to be issued ordinary share capital of National Milk Records plc (NMR) at the rate of 215 pence in cash per NMR share. The acquisition values the entire issued and to be issued ordinary…
Your Comprehensive Guide to Preparing for an Unforgettable Camping Trip
Embarking on a camping trip can be a thrilling adventure, allowing you to reconnect with nature and create lasting memories. However, proper preparation is key to ensuring a smooth and enjoyable experience. In this comprehensive guide, we will walk you through the essential steps to prepare for a camping trip, covering everything from choosing the…
iomart to acquire Extrinsica Global Holdings to expand Microsoft Azure expertise
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing company, has announced that it has agreed to acquire the entire issued share capital of Extrinsica Global Holdings. Extrinsica Global Holdings is a Microsoft Azure Cloud solution services provider with offerings including managed Azure Cloud, Azure solution design and implementation services, support & optimization services…
EQT Funds and Luxinva S.A. to acquire Dechra Pharmaceuticals for £4.459 billion
LONDON, UK: Freya Bidco Limited has agreed to acquire entire issued, and to be issued, ordinary share capital of Dechra Pharmaceuticals at the rate of 3,875 pence in cash for each Dechra share. Freya Bidco Limited is a newly formed company to be indirectly owned by EQT Funds and Luxinva S.A. The acquisition values Dechra’s…
Net Zero Infrastructure to acquire Australian hydrogen company in reverse takeover
LONDON, UK: Net Zero Infrastructure Plc, a UK-based company focused on developing and investing in green energy projects, has announced its intention to acquire LINE Hydrogen (Australia) Pty Ltd, a renewable energy company that produces and distributes hydrogen fuel. The company said it has signed a non-binding letter of intent to acquire the entire issued…
Avacta Group acquires Coris Bioconcept to expand diagnostics business
LONDON, UK: Avacta Group plc (AIM: AVCT), a life sciences company developing innovative, targeted oncology drugs and powerful diagnostics, announced today that it has acquired Coris Bioconcept SRL (“Coris”) for an upfront cash consideration of £7.4 million (on a debt-free/cash-free basis and subject to customary working capital adjustments), with an earnout based on future business…