LONDON, UK: The Vitec Group (LON: VTC) agreed to acquire Savage for up to $57.3 million in cash, including retention, transaction and financing costs. Completion is expected by the end of November 2021. Savage is a global market leader in backgrounds for the growing professional studio photographic market. Savage will become part of Vitec’s Imaging…
Greenfield Energy acquires 10% interests in Tar Sands Holdings
LONDON, UK: Greenfield Energy has exercised its option to acquire an initial 10% of the Membership Interests in Tar Sands Holdings II LLC for a total cash consideration of US$2 million, of which an amount of US$500,000 was satisfied by crediting the deposits paid previously. Accordingly, Greenfield now retains an exclusive option, at its sole…
Philly Shipyard to build specialized vessel for U.S. offshore wind market
PHILADELPHIA: Philly Shipyard Inc. (FRA: 65I), the sole operating subsidiary of Philly Shipyard ASA (OSE: PHLY), has won a contract from Great Lakes Dredge & Dock Company, the nation’s leading dredging company, to construct one Jones Act-compliant Subsea Rock Installation Vessel – the first such ship to enter the U.S. market. Great Lakes retains a…
Capgemini completes acquisition of Empired Limited
PARIS, FRANCE: Capgemini (EPA: CAP) has completed the acquisition of Empired Limited (ASX: EPD), first announced on July 19, 2021. The combined scale and broad services portfolio will position Capgemini as a digital, data and cloud market leader in the region, with extensive capabilities across the entire Microsoft technology product suite. The acquisition by way…
E&P Financial Group appoints Peter Anderson as Managing Director
SYDNEY, AUSTRALIA: E&P Financial Group Limited announced the retirement of Kevin McCann AO as an Independent Non-Executive Director of the company and the appointment of Chief Executive Officer (CEO), Peter Anderson as Managing Director. Mr McCann has had a long involvement with the Company, having previously been a member of the advisory and statutory boards…
Nasser Abdulla Al Awadhi appointed Group CEO of ADIB
ABU DHABI, UAE: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors announced the appointment of UAE National Nasser Abdulla Al Awadhi as ADIB’s new Group Chief Executive Officer starting from January 9th 2022 subsequent to UAE Central Bank approval. Nasser brings over 33 years of experience in banking and is a leading practitioner in Islamic…
GPS Alliance acquires majority stake in A&S Slabs
SYDNEY, AUSTRALIA: GPS Alliance Holdings announced the acquisition of a 65% equity interest in A&S Slabs Pte Ltd (A&S), a company incorporated in Singapore, for a purchase price of S$650,000 from the vendor, JKL Engineering Pte Ltd. The purchase price of S$650,000 is to be funded by the issue of 12,500,000 GPS shares at an…
Chris Jamieson appointed CEO of Jade Gas Goldings
MELBOURNE, AUSTRALIA: Jade Gas Holdings (ASX:JGH) has appointed Mr Chris Jamieson as the Company’s Chief Executive Officer, commencing 16 December 2021, to lead the development of the Company’s flagship TT Coal Bed Methane Gas Project in the South Gobi Basin in Mongolia. Chris Jamieson has broad experience in the oil and gas sector having spent…
American Tower to buy CoreSite for $7.5 billion
NEW YORK: American Tower Corp (AMT.N) has agreed to buy U.S. data center operator CoreSite Realty Corp (COR.N) for $7.51 billion in cash. The Denver-based company has more than 24 operating data center facilities in North America, leasing out space to companies that outsource some of their computing power. It started as a company of…
GFH Financial acquires 60% stake in Multi-Specialty Healthcare for $100mn
BAHRAIN: GFH Financial Group announced the acquisition of a 60% stake in the UAE’s leading provider of multi-specialty healthcare, Multi-Specialty Healthcare Partner Holding Ltd., in a deal value exceeding US$100 million. The company is the only diversified multi-specialty healthcare chain in Abu Dhabi and Al Ain and is one of the few in the UAE…
Bank of Cyprus sells loans and real estate properties for €385 mn
LONDON, UK: Bank of Cyprus Holdings Public Limited Company has reached an agreement with funds affiliated with Pacific Investment Management Company LLC for the sale of a portfolio of Non Performing Loans (NPLs) with a gross book value of €577 mn, as well as real estate properties with a book value of €121 mn. The…
Stanley Gibbons buys 20% stake in Showpiece Technologies
LONDON, UK: Stanley Gibbons plc has purchased of 20% of the equity in Showpiece Technologies Ltd from Phoenix Asset Management Partners (PAMP), through its subsidiary Stanley Gibbons Limited. Showpiece is the fractional ownership platform through which the company is making available for sale, beneficial title in fractions of the world’s most valuable stamp, the 1c-Magenta…