SYDNEY, AUSTRALIA: Cipherpoint Limited (ASX: CPT) has entered into a binding but conditional agreement to acquire all of the issued capital and business of Sydney headquartered Excite IT Pty Limited. The acquisition price will be structured as a combination of cash and scrip and is up to $3.25m in aggregate consisting of upfront, deferred and…
Author: Chenos Kahn
Groupe SEB acquires the Spanish machine maker, Zummo
PARIS, FRANCE: Groupe SEB strengthen its positions in the professional market with the acquisition of Zummo, the Spanish world leading maker of automatic fruit juice extraction machines. The professional offering of Groupe SEB is being expanded to meet its strong development ambitions in this segment. Numerous synergies will be created in this way for all…
Adevinta announces sale of Gumtree SA
OSLO, NORWAY: Adevinta ASA has signed an agreement for the sale of Gumtree South Africa (Gumtree SA), to Impresa Capital, majority Shareholder of Ignition Group. Ignition Group is one of Africa’s largest investors in technology, media, telecommunications and financial services. The transaction is subject to regulatory approval. Gumtree SA’s operations were classified as discontinued operations…
Silk Logistics to acquire Fremantle Freight & Storage Group for upto $31.4mn
SYDNEY, AUSTRALIA: Silk Logistics Holdings Limited (ASX: SLH) has entered into a binding agreement to acquire the Fremantle Freight & Storage Group through the acquisition of head company Brightflow Enterprises Pty Ltd, subject to conditions precedent customary for a transaction of this nature together with final debt facility approval. The acquisition price consists of $23.6…
Demanding energy markets due to shortage of gas supplies from Russia
The second quarter was characterized by unprecedented market volatility, high power prices and concerns about energy supplies due to a shortage of gas supplies from Russia. “The European energy crisis has accelerated due to a shortage of gas supplies from Russia, leading to high power prices and a large increase in Statkraft’s gross revenues. However,…
ANZ signs deal to acquire Suncorp Bank for $4.9 billion
SYDNEY, AUSTRALIA: ANZ announced an agreement to acquire Suncorp Bank from Suncorp Group Limited, accelerating the growth of its retail and commercial businesses while also improving the geographic balance of its business in Australia. The purchase price is $4.9 billion, a statement said. Suncorp Bank will continue to be led by CEO Clive van Horen…
Spark New Zealand to sell 70% of TowerCo business for $900 million
AUCKLAND, NEW ZEALAND: Spark New Zealand today announced the Ontario Teachers’ Pension Plan Board will acquire a 70% interest in its TowerCo business. Spark’s TowerCo business is a leading New Zealand towers business with approximately 1,263 sites. The transaction values the business at $1.175 billion, representing a FY23 pro-forma EBITDA multiple of 33.8x. Spark expects…
Fronline Ltd. and Euronav NV sign definitive merger agreement
ANTWERP, BELGIUM: Frontline Ltd. (NYSE: FRO ) and Euronav NV (NYSE: EURN ) have entered into a definitive Combination Agreement for a stock-for-stock combination based on an exchange ratio of 1.45 Frontline-shares for every 1.0 Euronav-share. The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022….
ABL Group to acquire Add Energy
OSLO, NORWAY: ABL Group ASA (formerly AqualisBraemar LOC ASA) has entered into an agreement to acquire 100 percent of the shares in energy and engineering consultancy Add Energy. ABL Group has also entered into an agreement to acquire substantially all interest-bearing debt in Add Energy through a consideration of NOK 20 million in ABL Group…
Antin Infrastructure Partners acquires majority stakes in RAW Charging
OSLO, NORWAY: Antin Infrastructure Partners has acquired a majority stake in RAW Charging, a fast-growing charging company that installs and owns electric vehicle (EV) charging points at popular public destinations in the UK. The transaction is expected to close in early Q3 of 2022, a bourse filing said. Following the recent acquisition of a co-controlling…
Nordic Semiconductor to acquire U.S. based Mobile Semiconductor
OSLO, NORWAY: Nordic Semiconductor ASA has entered into an agreement to acquire Mobile Semiconductor, a privately-held U.S. company specializing in highly optimized embedded memory technology for microcontrollers (MCUs) and Systems-on-Chip (SoCs). Seattle-based Mobile Semiconductor was established in 2006 and currently has 10 employees. The acquisition is expected to close during Q3 2022 pending U.S. government…
Andrey Sharonov elected Chairman of PhosAgro’s Board of Directors
MOSCOW, RUSSIA: The Board of Directors of PhosAgro, one of the world’s leading vertically integrated phosphate-based fertilizer producers, elected the independent director Andrey Sharonov as its Chairman at its first meeting following the Annual General Meeting of Shareholders. Alexander Sharabaiko was elected Deputy Chairman of the Board of Directors. The meeting also approved the leadership…