LONDON, UK: 3i Infrastructure has agreed to acquire the stake in ESVAGT owned by its co-investor AMP Capital for £268 million, a bourse filing said. This would result in 3i Infrastructure holding 100% of the equity in ESVAGT. Completion is subject to certain third party consents and is expected to take place in the first quarter of 2022. In…
Entra acquires office properties developer Oslo Areal for NOK13.5bn
OSLO, NORWAY: Entra ASA has entered into a binding agreement with Gjensidige Forsikring ASA and AMF Pensionsförsäkring AB to acquire 100 % of the shares in Oslo Areal for approximately NOK 13.55 billion, a bourse filing noted. The transaction will be financed through existing and new debt facilities. Oslo Areal is an owner and developer of office properties in…
Gjensidige Forsikring acquires Falck Räddningskår for SEK 1.4bn
OSLO, NORWAY: Gjensidige Forsikring ASA has agreed to acquire 100 per cent of the shares in Falck Räddningskår AB, including subsidiaries in Norway, Finland, Estonia and Lithuania from Falck Investment Sverige AB (a subsidiary under Falck A/S), for SEK 1.4 billion, a bourse filing said. Closing is expected to take place in Q1 2022, subject to customary…
Boris Dobrodeev to step down as the CEO of VK Russia
MOSCOW, RUSSIA: VK Company Limited announced that Boris Dobrodeev has decided to step down as the CEO of VK Russia. He will however continue his duties until a new CEO of VK Russia is appointed by the Board of Directors of VK Company, to ensure smooth management transition. Boris Dobrodeev, CEO of VK Russia said: “I’ve always said that users…
NFT Investments offloads 25% equity stake in Kodoku Studios
LONDON, UK: NFT Investments has sold a 25% equity stake in Kodoku Studios, an innovative NFT-focused gaming company at the forefront of the exciting new NFT-gaming genre, acquired at a cost of £500,000. Kodoku is a London, UK-based studio that is developing a platform called “The Pit”, which will enable players to wager their NFTs…
VH Global commits $35m to fund US expansion
LONDON, UK: VH Global Sustainable Energy Opportunities plc – a London-listed investment company advised by Victory Hill Capital Advisors LLP – announced its commitment of $35m to fund the expansion of one of its terminal storage assets in South Texas, increasing the throughput and on-site blending capacity to cater for the increasing growth, and displacement…
i(x) Net Zero announces £20 million IPO on AIM market
LONDON, UK: i(x) Net Zero Plc, the investing company which focusses on Energy Transition and Sustainability in the Built Environment, announced its intention to launch an initial public offering (IPO) on AIM, a market operated by London Stock Exchange including a fundraising to raise £20 million. Admission is expected to occur in late December 2021….
Celyad Oncology sells 28.8% shares to Fortress Group for $32.5mn
BRUSSELS, BELGIUM: Celyad Oncology SA has entered into a subscription agreement with an affiliate of Fortress Investment Group for the private placement of 6.5 million ordinary shares for gross proceeds of USD 32.5 million (about EUR 28.7 million). The subscription will take place within the framework of the authorized capital and it is expected to…
Bureau Veritas 2025 strategy aims to take value creation to the next level
NEUILLY-SUR-SEINE, FRANCE: Bureau Veritas is today hosting its Investor Day (see connection details on page 4) during which Didier Michaud-Daniel, Chief Executive Officer, François Chabas, Executive Vice-President, Finance, Eduardo Camargo, Executive Vice-President, Group Transformation & Business Development, Ségolène de Rose, Senior Vice-President, Group Strategy and M&A and Helen Bradley, Executive Vice-President, Human Resources, will present the Group’s 2025…
CDL Investments NZ looking to build momentum into 2022
AUCKLAND: NZX-listed residential property developer CDL Investments New Zealand Limited (NZX:CDI) provided an update on some of its key projects located in Auckland, Havelock North and Canterbury it has been working on during the course of 2021. Commercial warehousing – Auckland: CDL Land confirmed that construction had commenced on its new 12,000m2 and 4,300m2 warehouses…
TASK wins Sydney Cricket Ground and Sydney Football Stadium
AUCKLAND: Plexure Group Limited’s (ASX:PX1) recently acquired TASK business has been selected by Venues NSW to deploy our transaction management platform across the Sydney Cricket Ground (SCG) and the new Sydney Football Stadium (SFS) precinct. TASK is the transaction management platform for a wide range of large enterprise clients including stadiums, casinos, food service companies…
What Makes A Good Insurance Company? Find Out Here
Being covered by insurance is incredibly important. You’ll find that insurance comes in all shapes and sizes, and for a good reason: because it can benefit just about anybody! However, the number of options can also be a bit overwhelming. This is why it’s important to know what makes an insurance company good. The more…