Author: Chenos Kahn

Austin Engineering to acquire Australian mining equipment manufacturer, Mainetec

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SYDNEY, AUSTRALIA: Austin Engineering Limited (ASX: ANG) has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years following completion. The acquisition will give Austin Engineering access…

DNO ASA buys Mondoil Enterprises from RAK Petroleum for $117.25mn

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OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, entered into a transaction agreement pursuant to which RAK Petroleum plc will transfer its ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot International LDC whose principal assets are operated stakes in offshore production…

Veidekke to take over Constructa Entreprenør

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OSLO, NORWAY: Veidekke has signed a letter of intent to take over 100 per cent of Constructa Entreprenør AS to form a stronger Bergen construction contractor. The agreed purchase price corresponds to a company value of around NOK 200 million on a debt-free basis. In 2021 Constructa Entreprenør had revenues of NOK 726 million, an…

Cooke Inc signs deed to acquire Tassal Group for $5.23/share

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SYDNEY, AUSTRALIA: Cooke Inc. has agreed to acquire 100% of the ordinary shares in Tassal Group by way of scheme of arrangement. Under the Scheme, Tassal shareholders will receive cash consideration of $5.23 per Tassal share, assuming no final dividend is declared and paid for FY22. The Scheme Consideration implies an equity value for Tassal…

Macquarie Asset Management to acquire Suez Recycling and Recovery UK Group for €2.4bn

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PARIS, FRANCE: Veolia (Paris:VIE) announced the execution of a unilateral put agreement whereby Macquarie Asset Management irrevocably undertakes to acquire 100% of the share capital of Suez Recycling and Recovery UK Group, regrouping Suez waste activities in the UK. The sale proceeds will amount to approximately €2.4 billion. The completion of this transaction allows to…

BHP proposes to acquire OZL for A$25 per share

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SYDNEY, AUSTRALIA: BHP has submitted a non-binding indicative proposal to acquire 100% of the issued share capital in OZ Minerals (OZL), an Australia based modern mining company with a focus on copper. BHP’s Proposal to acquire all of OZL’s shares for cash consideration of A$25.00 per share represents a compelling value proposition for OZL shareholders….

Veolia signs deal to merge into Vigie SA

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PARIS, FRANCE: Veolia (Paris:VIE) has signed a merger agreement concerning the merger of Vigie SA (formerly known as Suez SA) into Veolia. The purpose of this merger is to simplify and rationalize the legal structure of the Veolia group. Following the broad success of the cash tender offer initiated by Veolia, which allowed for the…

ELOP to acquire 65% of Hadeland Elektro for NOK 24.7mn

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OSLO, NORWAY: Elop AS has agreed the principal terms of an agreement where Elop is to acquire 65 percent of the shares of fast-growing electrical contractor Hadeland Elektro AS for a total consideration of NOK 24.7 million, of which 60 percent will be settled in Elop shares valued at NOK 2.80 per share, a statement…