SYDNEY, AUSTRALIA: Universal Stores Holdings (UNI), Australia’s leading youth and young adult fashion retailer, has announced its plans to expand its presence and product range in the face of changing customer spending habits and cost of living pressures. The company, which owns and operates three brands: Universal Store, Perfect Stranger and THRILLS, has reported a…
Author: Chenos Kahn
How to Avoid a Simple Mistake That Can Ruin Your Wealth and Your Kids’ Future
Have you ever wondered what would happen if you or your parents ran out of money in retirement? How would that affect your financial situation and your relationship with your family? This is not a hypothetical scenario, but a very real and serious problem that many people are facing today. I have a friend who…
Irish State sells 5% stake in AIB Group for €514.83 million
LONDON, UK: The Irish State has sold part of its shareholding in AIB Group plc, the country’s largest bank, for €514.83 million. The sale was done through a placing of shares to institutional investors, which was completed on Monday. The sale reduced the State’s stake in AIB from 45.8% to 40.8%, a decrease of 5%….
GULFNAV submits proposal to acquire Brooge Petroleum and Gas Investment Company
DUBAI, UAE: Gulf Navigation Holding (GULFNAV) has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited (BEL), a Leading Oil Refinery & Storage Company Listed on NASDAQ. GULFNAV stated that this proposed acquisition will be funded through a combination of cash and shares in GULFNAV. The…
Hancock & Gore (H&G) to acquire majority stake in Mountcastle, a leading uniform provider
SYDNEY, AUSTRALIA: Hancock & Gore Limited (H&G), a diversified investment company, has announced that it has reached an in principle agreement to acquire an additional 40.3% stake in Mountcastle, a manufacturer, distributor and retailer of customised uniforms, from its shareholder partner. The deal will increase H&G’s ownership in Mountcastle to 89.8%, with a clear strategic…
TotalEnergies acquires 100% of Total Eren to boost its renewable energy business
PARIS, FRANCE: TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%. The Total Eren teams will be fully integrated within TotalEnergies’ Renewables business unit. The deal follows the strategic agreement signed between…
Sodexo acquires A.H. Management to expand its convenience solutions in North America
PARIS, FRANCE: Sodexo, a global leader in food and facilities management services, has announced that it has acquired A.H. Management, a premier convenience solutions operator in the Chicago region and Southeast Wisconsin. The acquisition will extend Sodexo’s InReach offerings in the fast-growing North American convenience market. A.H. Management is one of the largest independent operators…
InPost acquires 30% stake in Menzies, its UK logistics partner
AMSTERDAM: InPost, the European automated parcel machine service provider, has announced that it has acquired a 30% equity stake in Menzies, its UK logistics partner, for £49.3 million. The deal also gives InPost a three-year option to buy the remaining 70% stake in Menzies, one of the UK and Ireland’s leading time-sensitive delivery businesses. The…
HID Global to buy French card personalization company, Evolis, for euros 228.4 mn
PARIS, FRANCE: HID Global, a subsidiary of the Swedish group Assa Abloy and a leader in identification systems and applications, has announced that it has entered into exclusive negotiations to buy Evolis, a French company that specializes in decentralized personalization of credit card format cards. HID has agreed to buy Cedys & Co, which holds…
Renewable energy company, Release, raises $102 million to accelerate growth ambitions
OSLO, NORWAY: Release by Scatec signed an agreement to raise USD 102 million (NOK 1 billion) in funding from Climate Fund Managers (CFM) to further accelerate its growth ambitions. Release was established by Scatec ASA in 2019 to offer a flexible leasing solution of pre-assembled and modular solar and battery equipment for the mining and…
Air France-KLM secures €500m financing from Apollo for maintenance activity
PARIS, FRANCE: Air France-KLM, the Franco-Dutch airline group, has announced that it has signed a definitive agreement with Apollo Global Management, a US private equity firm, to raise €500m in quasi-equity financing for its maintenance activity. The financing will be provided by Apollo-managed funds and entities, which will subscribe to perpetual bonds issued by a…
Lotus Resources and A-Cap to merge and create a leading African uranium player
SYDNEY, AUSTRALIA: Lotus Resources Limited (ASX: LOT) and A-Cap Energy Limited (ASX: ACB) have agreed to merge via a Scheme of Arrangement, under which Lotus will acquire 100% of the A-Cap shares on issue. Under the Share Scheme, A-Cap shareholders will receive 1 new Lotus share for every 3.54 A-Cap shares held on the Scheme…