PARIS, FRANCE: Bouygues SA and Engie have signed a purchase agreement according to which Bouygues has agreed to acquire all of the Equans group. Based on an enterprise value of €6.7 billion, and given the synergies and strong growth expected in the years ahead, the multiple of enterprise value to 2026 current operating profit is…
Qatar First Bank acquires Ten West Corporate Center One in Houston
DOHA: Qatar First Bank announced the acquisition of Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and institutionally-owned office building located in Houston’s Energy Corridor. The property is fully leased to Wood Group Mustang Inc, a subsidiary of the British industrial services firm, John Wood Group, which offers engineering, procurement, and construction…
Brokering: How Does it Relate to Making Money Online?
Anyone who has traded stocks or done any kind of trading for that matter will know that a brokerage and a broker are inevitable components of this process. Even today, as trading becomes digital and you as an investor have direct control over your trades, the role of the broker cannot be discounted. In fact,…
Melissa Hammerle appointed President of Intelex Technologies
TORONTO, CANADA: Intelex Technologies ULC announced the appointment of Melissa Hammerle to the role of President of the organization. “I’m excited to bring Melissa’s deep continuous improvement experience and leadership to the Intelex team. Melissa will be a key driver as we work to help customers drive EHS and ESG performance to levels previously unimaginable,”…
MBH Corporation to acquire Approved Air Ltd for upto GBP 3.4 million
LONDON, UK: MBH Corporation has agreed to the terms for the acquisition of Approved Air Ltd in the UK, as the most recent step in its extensive acquisition drive. Subject to regulatory approval, Approved Air will be part of MBH’s Engineering vertical business line. With this acquisition and the continued diversification of companies becoming part…
Vitol Bahrain, QP Trading offer LNG to Pakistan at up to $30.65/mmbtu
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on November 02, 2021 for two LNG cargoes. Vitol Bahrain has offered the lowest of $29.89/mmbtu for the November 19-20 delivery, while QP Trading has offered the lowest of $30.65/mmbtu for…
Welsh Water on track to generate record levels of green energy
Dŵr Cymru Welsh Water, the only not-for-profit utility company in Wales and England, has today announced that it has invested £153 million in the past six months on projects that will not only improve services for customers but will also help tackle the climate change crisis. As part of its £1.8 billion investment plan for…
Medicover acquires CDT Medicus Group in Poland for EUR 54mn
STOCKHOLM, SWEDEN: Medicover AB has signed an agreement to acquire CDT Medicus Group (CDT), a leading regional provider of medical services operating in the South Western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM). Medicover acquires 100 per cent of the voting rights for EUR 54 million including assumed debt. The transaction value implies a low…
Virbac buys remaining 34% stake in Centrovet group for $43.7mn
PARIS, FRANCE: Virbac, an animal health pharmaceutical company, has bought 34% of the shares of the Centrovet group, thus increasing its stake to 100%. The consideration paid for the acquisition of this stake is US $43.7 million, paid in full and in cash upon closing, to which will be added, if applicable, an additional consideration…
Airtel’s Smartcash gets payment service bank licence in Nigeria
LONDON, UK: Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, announced that its subsidiary SMARTCASH Payment Service Bank Limited (Smartcash) has been granted approval in principle to operate a payment service bank business in Nigeria. Final approval is subject to the Group satisfying certain…
Litera secures further investment from Hg
LONDON, UK: Litera, a global leader in legal technology solutions, announced that Hg, a leading software and services investor and supporter of the expansion of Litera since 2019, will lead a further investment in the business. Following this new investment, Litera will be well-positioned to continue on its long-term growth trajectory, receiving funding for further expansion into…
Stelrad Group prices IPO at 215 pence per share
LONDON, UK: Stelrad Group announces the successful pricing of its initial public offering (IPO) at 215 pence per Ordinary Share. Based on the Offer Price, the Company’s total market capitalisation at the commencement of conditional dealings on the main market of the London Stock Exchange will be approximately £274 million. Trevor Harvey, Chief Executive of…