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…
Rexel buying electrical products distributor, Mayer, for $456mn
PARIS, FRANCE: Rexel has reached agreement to acquire Mayer Electric, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the world’s leading market for electrical products and services supplies. Headquartered in Birmingham, Alabama, founded in 1930 and owned by the Collat family, Mayer…
Swoop to buy connectivity provider Countrytell for $4.2mn
MELBOURNE, AUSTRALIA: Swoop Holdings Limited’s wholly owned subsidiary has agreed to acquire Countrytell Holdings Pty Ltd, a regional connectivity provider based in Newcastle, New South Wales for $4.2 million. The consideration includes $1.47 million in cash at completion; $2.1 million to be satisfied by the issue of fully paid ordinary shares of Swoop; and $0.63…
Orascom led consortium to connect power grids of Egypt and Saudi Arabia
DUBAI, UAE: Orascom Construction announced that its consortium with Hitachi Energy signed a contract today with the Egyptian Electricity Transmission Company (EETC) to execute all work in Egypt to connect the national power grids of Egypt and Saudi Arabia. A separate consortium of Hitachi Energy and SSEM will execute the work in Saudi Arabia. This…
SNB plans divestment of Samba Bank Pakistan
KARACHI: Saudi National Bank (SNB) has approved the commencement of an orderly well managed divestment of Samba Bank Limited (SBL) Pakistan. According to a bourse filing, Samba Bank has received formal communication from SNB that approved a strategic review of its option in respect of SBL. SNB has advised Samba on engagement with the regulators…
SSAB appoints Leena Craelius as acting CFO
STOCKHOLM, SWEDEN: Leena Craelius has been appointed acting CFO at SSAB. She has long experience of the steel industry and has held several senior positions at SSAB. She will take up her new position on November 1, 2021.\ Leena Craelius is currently vice president of Finance, Controlling and IT at SSAB Europe. She has held…
Xplora extends Nordic reach through Telia agreement
OSLO, NORWAY: Xplora Technologies announced a supplier agreement with Telia AB for the distribution of Xplora’s X5 Play eSIM smartwatches combined with Goplay subscriptions in the Swedish market. The Telia launch is live today in online and retail sales outlets in Sweden. Xplora, the industry leader in the market for children’s smartwatches extends its reach…
EFG Hermes signs sale & lease back agreement with Misr Italia
CAIRO, EGYPT: EFG Hermes Corp-Solutions has signed a sale & lease back agreement with leading real estate development firm Misr Italia Properties for refinancing its state of the art property-Garden 8 Mall, amounting to EGP 750 million. Garden 8 Mall represents approximately 47K m2 in BUA accommodating premium brands for both retail space and restaurants…
Great Ropemaker Partnership sells 160 Old Street, EC1, to J.P. Morgan
LONDON, UK: The Great Ropemaker Partnership (GRP), the 50:50 Joint Venture between Great Portland Estates plc (GPE) and Ropemaker Properties Ltd (the property nominee of the BP Pension Fund) announces that it has sold 160 Old Street, EC1 to a fund advised by J.P. Morgan Global Alternatives. The headline price of £181.50 million reflects a…
Octopus acquires two in-construction Polish onshore wind projects
LONDON, UK: Octopus Renewables Infrastructure Trust has acquired two in-construction onshore wind farms in Poland from the PNE Group, an experienced German developer of wind projects across Europe. The “Krzecin” and “Kuslin” wind farms, with a combined capacity of 58.8 MW once completed, will benefit from a high percentage of fixed price revenues under the…