OSLO, NORWAY: Elopak ASA and GLS Group India are in the final stages of agreeing on a long-term strategic partnership to setup a packaging material production facility outside New Delhi, which would deliver sustainable packaging solutions to consumers across India. Elopak’s equity contribution to the joint venture is expected to be EUR 16 million in…
Author: Chenos Kahn
Hexagon Purus acquires 40% stake in Cryoshelter GmbH business
OSLO, NORWAY: Hexagon Purus, a world leading supplier of zero emission mobility solutions, has entered into an agreement to acquire 40% of Cryoshelter GmbH liquid hydrogen business. The transaction is in conjunction with Hexagon Composites’ acquisition of a 40% stake in Cryoshelter’s liquid natural gas (LNG) business. The transaction represents an attractive investment for Hexagon…
Contact and LSbp join to create 380,000MW solar energy anually by 2026
SYDNEY, AUSTRALIA: New Zealand energy company Contact Energy and global solar developer Lightsource bp (‘LSbp’) will collaborate on a series of grid-scale solar generation projects to create up to 380,000 megawatt hours of clean, affordable electricity annually by 2026 – enough to power 50,000 homes across the country. Under the new 50/50 joint venture Contact…
Zelira Therapeutics signs deed to acquire Health House International
SYDNEY, AUSTRALIA: Zelira Therapeutics Ltd (ASX:ZLD) has executed a binding scheme implementation deed to acquire 100% of Health House International Limited (ASX: HHI) via a scheme of arrangement. Zelira believes that the addition of the Health House business will create an organisation with strong medicinal cannabis product and distribution capabilities. The acquisition will see Health…
ArcelorMittal buys 80% shares in voestalpine’s Hot Briquetted Iron plant for $1.0bn
AMSTERDAM, NETHERLANDS: ArcelorMittal has signed an agreement to acquire an 80% shareholding in voestalpine’s world-class Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1 billion and closing is subject to customary regulatory approvals. The state-of-the-art plant, which was opened…
Accel-KKR led consortium offers to acquire Basware Corporation for EUR 619.91 million
HELSINKI, FINLAND: Accel-KKR led consoritium has offered to acquire all the issued and outstanding shares in Basware Corporation that are not held by Basware or its subsidiaries. The cash consideration of EUR 40.10 per share represents a total equity value of approximately EUR 619.91 million.The share offer price represents a premium of approximately 94.7 per…
Morrison Brookfield Consortium buys Uniti Group for $3.73 billion
SYDNEY AUSTRALIA: Morrison Brookfield Consortium has entered into a scheme implementation deed (SID) to acquire 100% of Uniti Group Limited (ASX:UWL) by way of a scheme of arrangement (Scheme) for cash consideration of $5/Uniti share less the value of any dividends or distributions declared or paid after today. The Uniti shares rice is a 58.7%…
Peter Bardenfleth-Hansen appointed Zaptec CEO
OSLO, NORWAY: The Board of Directors in Zaptec have appointed Peter Bardenfleth-Hansen as CEO in Zaptec. Peter takes the position on 12 April 2022. Kurt Østrem will revert to his position as CFO in Zaptec. “The Board of Directors is very pleased that Peter Bardenfleth-Hansen, Board member since the listing of the company in the…
Pfizer to acquire ResApp Health Limited for A$100mn
BRISBANE, AUSTRALIA: ResApp Health Limited (ASX:RAP), a leading digital health company developing smartphone applications for the diagnosis and management of respiratory disease, has entered into a binding scheme implementation deed with Pfizer Australia, under which it is proposed that Pfizer will acquire 100% of the shares in ResApp Health for A$0.115 per share in cash…
McGrath Limited appoints John McGrath as MD & CEO
SYDNEY, AUSTRALIA: McGrath Limited (ASX: MEA) announced the appointment of the Company’s founder John McGrath to the role of Managing Director and Chief Executive Officer, effective 8 April 2022. McGrath Chair, Peter Lewis said “After much consideration, the Board believes John is the ideal choice to successfully lead McGrath into its next growth phase with…
Ardent Leisure and RedBird agree to sell Main Event Entertainment for $835mn
SYDNEY, AUSTRALIA: Ardent Leisure Group and RedBird Capital Partners have entered into a binding agreement with Dave & Buster’s for the sale of Main Event Entertainment Inc. for cash consideration of $835 million, a bourse filing said. Ardent Leisure will use the proceeds to repay its outstanding debt facility to the Queensland Treasury Corporation and…
Lene Johansen appointed CEO of Skandia Greenpower
OSLO, NORWAY: Skandia Greenpower AS has appointed Lene Johansen, currently commercial director of rapidly growing online retailer Brandsdal Group, as its new CEO from 1 July 2022. Current CEO, Gunnar Norheim, remains with the company. The CEO appointment follows Skandia Greenpower’s announcement on 2 February 2022, when the company revealed that it had decided to…