LONDON: JSC National Atomic Company (Kazatomprom) has announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts, a release issued to London Stock Exchange noted. The Company will now begin working with joint venture partners to assess the impact and implement the plan…
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TBC Group acquires Georgian e-commerce company My Group
LONDON, UK: TBC Bank Group has entered into an agreement to acquire a 65% stake in LLC My.ge, the leading classified e-commerce player in Georgia trading under the My.ge Group name for GEL 19.45 million, implying a valuation of GEL 29.93 million for My Group. The consideration is payable in cash and will be satisfied…
Safestore and Carlyle form JV to enter Dutch self storage market
LONDON: Safestore Holdings will invest in a 20% stake in a joint venture with Carlyle to invest in carefully selected self-storage opportunities in Europe. Safestore has developed a highly scalable platform in self-storage built on leading marketing and operational expertise. This platform is proven to work across geographies and Safestore sees an opportunity to leverage…
LondonMetric acquires warehouse development for £24.0 million
LONDON: LondonMetric Property has agreed to purchase and fund a new 232,000 sq ft distribution warehouse for £24.0 million, reflecting a yield on cost of 5.2%. The warehouse has been pre-let to Croda, a FTSE 100 speciality chemical company, on a 20 year lease at a rent of £1.3 million pa subject to annually payable…
John McAdam appointed Chairman of ConvaTec
READING, UK: Dr John McAdam has been appointed Chairman of the Board of ConvaTec with effect from 30th September 2019, the same date as Karim Bitar joins as Chief Executive Officer of the Company. John has recently stepped down as Chairman of Rentokil Initial plc and is due to retire as Chairman of United Utilities…
Cello Health announces $10.5 million acquisition of Innovative Science Solutions
LONDON: Cello Health plc, the healthcare-led advisory group, has acquired the trade and assets of Innovative Science Solutions for $10.5 million, a release issued to London Stock Exchange noted. ISS is a scientific consulting firm specialising in strategic counsel and regulatory support for the healthcare industry in the US. Initial consideration of $6.4 million is…
Telstra reaches $1 billion in asset monetisation
LONDON: Telstra Corporation has announced establishment and part sale of an unlisted property trust to own 37 of Telstra’s existing exchange properties, a release issued to London Stock Exchange noted. As part of the transaction a Charter Hall-led consortium will acquire a 49 percent stake in the new trust for $700 million, reflecting a capitalisation…
Etalon Group acquires Leader-Invest
LONDON: Etalon Group Company AO, a subsidiary of Etalon Group Plc, has completed the purchase of the remaining 49% of the share capital of Leader-Invest JSC from Sistema PJSFC for RUB 14.6 billion. Etalon Group is one of Russia’s largest and longest-established development and construction companies. The Transaction was financed by an eight-year credit line…
Quadrise, Merlin signs MoU to promote heavy oil projects
LONDON: Quadrise Fuels International has signed a Memorandum of Understanding (MOU) with Merlin Energy Resources Limited to promote upstream heavy oil projects, a release issued to London Stock Exchange noted. Merlin Energy is an upstream oil and gas consultancy specialising in geological & geophysical Exploration and Production (E&P) related services, through all phases of the…
Gfinity to windup Australian joint venture
LONDON: Gfinity plc has announced that its Australian joint venture, Gfinity Esports Australia, will close at the end of November 2019, a release issued to London Stock Exchange noted. The decision was taken in conjunction with local partner HT&E and follows a strategic review by Gfinity’s leadership to refocus the business on core markets to…
FairFX acquires international payment business of Hermex
LONDON: FairFX plc, a subsidiary of Equals Group has acquired the International Payments business of Hermex International Limited, part of the FXPro Group, for a total consideration of £2 million, payable in cash on completion. Equals Group is the e-banking and international payments group. HermexFX offers international payment services to a predominantly corporate client base…
Highland commences CBD sales in UK
LONDON: Highlands Natural Resources has announced that its wholly owned, vertically integrated CBD subsidiary, Zoetic has commenced sales in the UK via its website www.zoetic.uk.com. The first product lines in the UK will be CBD tinctures. These are available in four flavours (natural, peppermint, melon and blood orange) and two strengths (500mg and 1,000mg). In…