LONDON: Circle Property Plc has announced the acquisition of Concorde Park, Concorde Road, Maidenhead, a south east office park for £14.6 million. Circle Property invests in, develops and actively manages well-located regional office assets. The 71,500 sq ft park is currently 36.6% let to three tenants producing a combined rental income of £627,372 per annum.…
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IWG announces strategic partnership in Taiwan
LONDON: IWG has entered into a second strategic partnership with TKP Corporation. IWG will divest its Taiwanese operations to TKP and the parties have agreed an exclusive master franchise agreement for the country. IWG is the global operator of leading co-work and workspace brands. IWG and TKP have entered into a definitive sale and purchase…
Science in Sport launches plant protein range
LONDON: Science in Sport (SIS) has announced the launch of SiS’ PLANT20, a high-protein range of plant-based protein bars and powders. Science in Sport is the premium performance nutrition company serving elite athletes, sports enthusiasts and the gym lifestyle community. The range includes the PLANT20 Bar, which has 20g of pea, soya and almond protein,…
EVR Holdings enters into licensing agreements with two key partners
LONDON: EVR Holdings announced that its subsidiary MelodyVR Ltd has entered into music licensing agreements with independent label group, Beggars Group Digital Limited and independent label Domino Recording Company, as well as renewing their multi-territory deal with ARESA GmbH. EVR Holdings is a leading creator of virtual reality entertainment content. Beggars Group, home of 4AD,…
MSCI equity indexes August 2019 index review
LONDON: MSCI Inc., a leading provider of research-based indexes and analytics, announced the results of the August 2019 Quarterly Index Review for the MSCI Equity Indexes – including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier…
Europa Oil & Gas awarded 15-year Frontier Exploration Licence, Offshore Ireland
LONDON: Europa Oil & Gas, the UK and Ireland focused oil and gas exploration, development and production company, has announced that the Irish government approved the Company’s application to convert Licensing Option 16/20 in the Slyne basin in Atlantic Ireland to Frontier Exploration Licence 4/19. The 100%-owned Licence includes the Company’s flagship Inishkea prospect which…
James Fisher and Sons acquires 60% stake in Continental Participação E Administração
LONDON: James Fisher and Sons has announced the acquisition of 60% of the share capital of Continental Participação E Administração Ltda., the holding company of Serviços Marítimos Continental S.A. for a total cash consideration of £7.5 million- £4.9 million payable on completion and £2.6 million payable in January 2022. Continental is an established air diving…
Avon Rubber to acquire 3M’s Ballistic-Protection Business
LONDON: Avon Rubber has signed an agreement to acquire 3M’s ballistic-protection business and the rights to the Ceradyne brand for an initial cash consideration of approximately $91 million, subject to closing and customary adjustments. A further contingent cash consideration of up to $25 million is payable depending on the outcome of pending tenders, a release…
UKOG to acquire Tellurian’s subsidiary Magellan Petroleum
LONDON: UK Oil & Gas (UKOG) has signed a binding heads of terms with Tellurian Investments LLC to acquire the entire share capital of its subsidiary Magellan Petroleum (UK) Investment Holdings Limited for a total consideration of £12 million in cash and shares, a release issued to London Stock Exchange (LSE) noted. Magellan holds a…
CentralNic Group completes acquisition of Hexonet Group
LONDON, UK: CentralNic Group, the global internet platform that derives revenue from the subscription sales of internet domain names, has announced the acquisition of Hexonet Group is now complete. Hexonet, with operations in Canada and Germany, sells domain name subscriptions directly and via more than a thousand resellers in over 110 countries, managing over 3.8…
Energy caps to fall this winter due to lower wholesale costs: Ofgem
LONDON, UK: The default price cap is set to fall from £1,254 to £1,179 from 1 October for this winter period (October-March). The pre-payment meter cap will fall from £1,242 to £1,217 per year for the same six month period. As a result, energy bills will fall this winter for around 15 million households who…
CentralNic acquires international domain name retailer Ideegeo for $5.2mn
LONDON: CentralNic Group has completed the acquisition of the entire share capital of Ideegeo Group Limited for $5.2 million of which $520,000 constitutes a deferred payment, held in escrow until May 2021, a release issued to London Stock Exchange (LSE) noted. CentralNic is the global internet platform that derives revenue from the subscription sales of…