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%…
Apax Funds to acquire Eating Recovery Center
LONDON, UK: On 5 October 2021, Apax X Fund had signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center (ERC), a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. The transaction is expected to close in Q4 2021,…
Xaar to sell its stake in Xaar 3D to Stratasys for $33.8mn
LONDON, UK: Xaar PLC, the leading inkjet printing technology group, has conditionally agreed terms with Stratasys Solutions Limited to sell Xaar’s interest in Xaar 3D to Stratasys. Stratasys Solutions Limited is a partner of Xaar Plc in 3D printing business. Whilst Xaar 3D has continued to make progress this year there have been delays to…
Mobile operator Elisa to sell Spacetalk in Finland
SYDNEY, AUSTRALIA: Spacetalk Ltd. announced that the Elisa Corporation will range Spacetalk Adventurer across its Finland retail stores and online channels. Elisa is a Finnish market leader in telecommunications, digital services and technologies, providing sustainable solutions for over 2.8 million customers in Finland, Estonia and internationally. Elisa is the first telecom operator in the world…
Stonepeak to acquire Teekay LNG in a $6.2 billion deal
HAMILTON, BERMUDA: Teekay LNG Partners L.P. and Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, announced that they have entered into an agreement and plan of merger. Under the Merger Agreement, investment vehicles managed by Stonepeak will acquire (a) all the issued and outstanding common units representing limited partner units in…