SAINT-CLOUD, FRANCE: Elis has signed agreement to acquire 100% of Blesk InCare’s Textile activity. The closing of the transaction is subject to customary regulatory conditions and is expected to occur by the end of 2021. Elis is an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin…
Falanx sells its strategic intelligence business Assynt for £4.6 million
LONDON, UK: Falanx Group Ltd, the AIM listed cyber security company, has entered into an agreement to dispose of its Assynt Strategic Intelligence Division (Assynt) for an estimated cash consideration of £4.6 million to Cross Atlantic Solutions LLC (CAS). Falanx previously operated as two separate divisions, namely Cyber Security and Strategic Intelligence (through Assynt). Assynt…
Shell and Pryme partner to convert plastic waste into pyrolysis oil
ROTTERDAM: Shell Chemicals Europe and Pryme BV announced a strategic cooperation and offtake agreement for pyrolysis oil made from recycled plastic waste. Pryme will supply Shell from its first plant located in Rotterdam, The Netherlands. Currently under construction, the plant is scheduled to become operational in 2022 and is forecast to convert 60,000 tonnes of…
BEWI acquires UK based recycling company Volker Gruppe
OSLO, NORWAY: BEWI ASA has acquired 51 per cent of Volker Gruppe, is a trader of compacted and recycled material. It operates two facilities in the UK and Scotland, where they compact material, and leases compactors to customers. Volker Gruppe is one of the largest suppliers of EPS waste to BEWI Circular, with an annual…
Air Link plans Rs500 million mobile manufacturing subsidiary
KARACHI: Air Link Communication is planning to incorporate a wholly owned subsidiary, Select Technologies (Pvt) Ltd, to take on additional mobile manufacturing of specific brands with an investment of Rs.500 million. For this purpose, Air Link Communication is increasing share capital of the company from Rs.4.0 billion dividends into 400 million shares Rs.10 each to…
Fabege AB acquires SHH Bostad AB for SEK 800 million
STOCKHOLM, SWEDEN: Fabege AB has acquired SHH Bostad AB, a real estate development company with a focus on residential and local authority properties. Fabege’s strategy of optimising the value of its residential development rights portfolio is thereby being reinforced by the company acquiring both expertise and more development rights in its home market of Stockholm….
Eutelsat increases its shareholding in OneWeb to 22.9%
PARIS, FRANCE: Eutelsat Communications has increased its shareholding in OneWeb for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%. Eutelsat has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti. Owned by Bharti Enterprises (38.6%); OneWeb is a global communications company building a capability to…
Readly International to acquire ePresse owner, Toutabo, for EUR8.2mn
PARIS, FRANCE: Readly International AB, the European category leader within digital magazine subscriptions, has entered into an agreement to acquire 97.3% of the issued shares in Toutabo SA, a leading subscription provider in France and owner of the digital subscription provider ePresse, from the founders and the institutional owners. The total purchase price amounts to…
DFDS orders 100 electric Volvo trucks for European logistics network
OSLO, NORWAY: DFDS A/S has ordered 100 electric Volvo trucks for logistics network, which is Europe’s largest heavy-duty electric truck order to date. New electric Volvo trucks will be deployed throughout DFDS’ European logistics network during 2022 and 2023, a bourse filing said. “The order of electric trucks marks the beginning of a transition to…
Neuren Pharmaceuticals raises $3.3mn from oversubscribed Share Purchase Plan
MELBOURNE, AUSTRALIA: Neuren Pharmaceuticals reported the successful completion of its Share Purchase Plan (SPP) at $2.05 per share, which closed on Friday 1 October 2021. The SPP was offered to give all shareholders in Australia and New Zealand the opportunity to subscribe for additional shares at the same price as was offered to institutional and…
Symphony International makes investment in House of Kieraya
LONDON, UK: Symphony International Holdings Limited announced an investment in House of Kieraya (HoK), a pan-India online furniture and lifestyle brand. The funding round, led by Symphony, included investments from Signet family office and The Parekh family office of Nilkamal. The investment by Symphony amounted to less than 5% of its NAV. The umbrella brand,…
Hibernia sells One and Two Dockland Central for €152.3mn
LONDON, UK: Hibernia REIT plc announced the exchange of contracts and simultaneous completion of the sale of One and Two Dockland Central to Commerz Real AG for its open-ended real estate fund, hausInvest, for €152.3m. The price is marginally ahead of the March 2021 book value and reflects a net initial yield of circa 4.75%…