OSLO, NORWAY: The Posten-owned company Frigoscandia AB (formerly Bring Frigo AB) in Sweden is sold to the Germany based investment company Mutares. Posten Norge AS and Mutares signed an agreement yesterday regarding the sale of the shares in Frigoscandia AB to Mutares. The sale is subject to approval by the Swedish Competition Authority. Frigoscandia AB…
Trajan Group acquires Axel Semrau GmbH for €17mn
SYDNEY, AUSTRALIA: Trajan Group Holdings Limited (ASX:TRJ) has overnight completed the acquisition of Axel Semrau GmbH and Semrau Immobilien GmbH, the private business and properties of Axel Semrau based in Sprockhövel, Germany for €14.75 million and €2.25 million respectively. Adjustments, including accumulated undistributed profits total €2.85 million in favour of the sellers, to be paid…
Apiam Animal Health to acquire Agnes Banks Equine Clinic
BENDIGO, AUSTRALIA: Apiam Animal Health Limited has entered into an agreement to acquire Agnes Banks Equine Clinic (ABEC). ABEC operates a well-established dedicated equine veterinary clinic approximately 70KM from Sydney and is well located to capture a diversified equine client base including sport horses, pleasure horses and racehorses. The business employs 14 equine vets (including…
Blackstone upgrade Crown Resorts acquisition bid to A$12.5/share
MELBOURNE: Crown Resorts Limited (ASX:CWN) has received an unsolicited and non-binding proposal from a company on behalf of funds managed and advised by Blackstone Inc. and its affiliates to acquire all of the shares in Crown by way of a scheme of arrangement at a price of A$12.50 cash per share.The offer price will be…
iCandy Interactive to buy Lemon Sky Studios for A$44.5mn
SYDNEY, AUSTRALIA: iCandy Interactive Limited has entered a Share Sale Agreement to acquire 100% of Southeast Asia-based game art and animation company, Lemon Sky Studios. iCandy is acquiring 100% of Lemon Sky Studios from its two founders for a total consideration of MYR 135 million (A$44.5 million). Lemon Sky Studios is the joint-venture partner of…
Janus Henderson announces CEO Dick Weil retirement
SYDNEY, AUSTRALIA: Janus Henderson Group (NYSE:JHG) announced that Dick Weil intends to retire as Chief Executive Officer and as a member of the Company’s Board of Directors, effective 31 March 2022. The Board has initiated an internal and external search process with the assistance of a leading executive search firm to identify a successor to…
GB Group to acquire Acuant for $736 million
LONDON, UK: GB Group plc (LON: GBG) has conditionally agreed to acquire the entire issued and to be issued share capital of Acuant for a cash free, debt free enterprise value of $736 million (c.£547 million). The acquisition brings together two of the leaders in the global digital identity market, with combined revenue of c.£265…
Unilever to sell ekaterra tea business to CVC Capital Partners for €4.5bn
LONDON, UK: Unilever has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis. ekaterra is the world’s leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO®. The business generated revenues of around €2…
VTB Group to sell its entire stake in Magnit
MOSCOW: VTB Group announced intention to sell approximately 17.28% of ordinary shares of PJSC Magnit. Up to 5.15% will be offered through an accelerated bookbuilding process. It is expected that the remaining 12.13% of the company’s shares will be sold to Marathon Group at a price determined in the offering. VTB Group has agreed to…
EFG Hermes Holding concludes aiBANK acquisition
CAIRO, EGYPT: EFG Hermes Holding informed shareholders today that it has completed its transformation into an Egyptian universal bank with a market-leading frontier emerging markets (FEM) investment banking platform. The news comes as the Firm has finalized its acquisition of a 51% stake in the Arab Investment Bank (aiBANK), marking a strategic entry into the…
Altarea announces €350mn right issue to fund Primonial acquisition
PARIS, FRANCE: Altarea announced the launch of a capital increase with preferential subscription rights (PSR) for an amount of approximately €350 million. Net proceeds of the offering of the new shares will be used by the Company as part of the financing of the acquisition of Primonial Securities, as announced on June 30, 2021. The…
ABN AMRO intends to appoint Annerie Vreugdenhil
AMSTERDAM: ABN AMRO intends to appoint Annerie Vreugdenhil as Chief Commercial Officer (CCO) of Personal & Business Banking and as a member of the Executive Board from 1 March 2022 for a period of four years. Personal & Business Banking develops and manages all digital client services within ABN AMRO, serving mass consumer, affluent and…