SYDNEY, AUSTRALIA: Toys“R”Us ANZ Limited (ASX: TOY) announced the sale of its Chill Factor business to Character Promotions Limited, a UK based toy manufacturer and distributor. The sale continues the strategic intent and transformation of the Company through an ongoing overhaul of product portfolios, including an increased focus on its e-commerce businesses Toys“R”Us, Babies“R”Us and…
Tabcorp Holdings to demerge Lotteries & Keno business creating two separate listed companies
SYDNEY, AUSTRALIA: Tabcorp Holdings Limited (Tabcorp) today announces that it intends to undertake a demerger of its Lotteries & Keno business. The decision to pursue a demerger follows the conclusion of a comprehensive strategic review of all relevant structural and ownership options to maximise value for shareholders, as announced on 29 March 2021. The demerger…
Consortium of infrastructure investors bid to acquire Sydney Airport
SYDNEY, AUSTRALIA: Sydney Airport has received an unsolicited, indicative, conditional and non-binding proposal from a consortium of infrastructure investors to acquire, by way of scheme of arrangement and trust scheme, 100% of the stapled securities in Sydney Airport at an indicative price of A$8.25 cash per stapled security. The consortium comprises IFM Investors (Nominees) Limited…
HomeCo Daily Needs REIT buys Town Centre Victoria Point in a $160 million deal
SYDNEY, AUSTRALIA: HomeCo Daily Needs REIT has announced acquisition of a 100% interest in Town Centre Victoria Point, QLD for a total purchase price of $160.0 million representing a fully leased yield of 4.75%. HDN Fund Portfolio Manager Paul Doherty said: “Opportunities to acquire an asset of this quality and scale are rare, particularly one…
Cannasouth to fully acquire it’s cultivation and manufacturing joint ventures for $4.5 million
WELLINGTON, NEW ZEALAND: Cannasouth Limited (NZX: CBD) has today entered into two conditional agreements to buy the balance of the shares that it does not already own in its cultivation and manufacturing joint venture businesses. Acquisition of outstanding shares in Cannasouth Cultivation Limited Cannasouth has entered into a conditional agreement with Aaron Craig and his…
New Zealand Overseas Investment Office okays a2MC acquisition of 75% interest in Mataura Valley Milk
AUCKLAND, NEW ZEALAND: The a2 Milk Company (a2MC) has received the consent of New Zealand Overseas Investment Office (OIO) to acquire a 75% interest in Mataura Valley Milk (MVM), a dairy nutrition business, located in Southland, New Zealand. Completion of the transaction is now to set to occur with effect from the end of July….
Kiwi Property launches green bond offer
AUCKLAND, NEW ZEALAND: Kiwi Property Group Limited is offering up to NZ$100 million (plus up to NZ$50 million of oversubscriptions) of seven-year fixed-rate senior secured green bonds to institutional and New Zealand retail investors, a news release said. The offer opens today and will be made pursuant to the Financial Markets Conduct Act 2013 as…
AXIA Coin to be listed on BitMart Exchange
NEW YORK: AXIA Coin (AXC) will be listed on BitMart Shooting Star on July 6, 2021. Eligible BitMart users can purchase AXC with 20% off in a 24-hour flash sale. For all BitMart users, the AXC/USDT will be officially available for trading on July 7, 2021. AXIA Coin is a global currency that aims to…
Jet2.com and Jet2holidays launch inaugural flight from Bristol Airport
LONDON, UK: Jet2.com and Jet2holidays launched inaugural flight from Bristol Airport on June 2nd, a news release said. The start of operations from Bristol Airport comes as the Balearic Islands (Majorca, Menorca and Ibiza) and Madeira were all added to the Green Travel List for customers travelling from England, Wales, Scotland and Northern Ireland. Following…
The Hut Group (THG)
The Hut Group (THG) is a British e-commerce company headquartered at Manchester Airport, England. It operates over 100 international websites that takes brands direct to consumer through its proprietary e-commerce platform. As of 2015, THG’s sales had predominantly been outside the UK. In just 16 years, The Hut Group (THG) has become a globally renowned…
EQT Private Equity and Goldman Sachs to acquire Parexel for $8.5 billion
BOSTON: Parexel, a leading global clinical research organization (CRO) focused on development and delivery of innovative new therapies to advance patient health, announced the execution of a definitive merger agreement under which it will be acquired by EQT IX fund and the private equity business within Goldman Sachs Asset Management from Pamplona Capital Management LP…
Kashan Hasan to head Reckitt in Pakistan
KARACHI, PAKISTAN: Kashan Hasan has been appointed as the lead for all Pakistan operations at Reckitt – formerly known as Reckitt Benckiser (RB). Previously, Kashan was leading the Health business in Pakistan since January 2020. During his tenure, the Health business not only achieved double digit growth, but was also recognized as the Market of the…