OSLO, NORWAY: Entra ASA and Linstow entered into an agreement to acquire Bane NOR Eiendom’s 33.3% share of Oslo S Utvikling AS (OSU) for NOK 950 million (NOK 475 million for Entra’s share). After the transaction Entra and Linstow will each hold 50% of Oslo S Utvikling AS (OSU). OSU was established in 2001 and…
Herman Sjøberg appointed new CEO of Ayfie Group
OSLO, NORWAY: Herman Sjøberg is hired as the new CEO of Ayfie Group AS, a news release said. “The board has today appointed Herman Sjøberg as the new CEO of Ayfie Group. Ayfie Group has undergone a powerful restructuring and has several completed products, many solid customers and is now entering a phase with the…
Mutares SE sells 73.25% stake in STS Group AG
MUNICH: Mutares SE & Co. has successfully completed the sale of its 73.25% stake in STS Group AG, a news release said. The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of plastics and materials in Europe, China…
Kamran Kamal appointed CEO of HUBCO
KARACHI: Hub Power Company (Hubco) has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel subsidiary of the Company. Previously, he held…
Getech announces $0.536 million sale of data and studies
LONDON, UK: Getech Group announced a significant sale of its geoscience data and a regional study package, with a value of $536,000, which is expected to be fully recognised in the current financial year. Getech continues to trade in line with current market expectations for FY2021. Getech’s Chief Executive Office, Jonathan Copus, commented: “As energy…
Gulf Marine Services gets three new contracts
LONDON, UK: Gulf Marine Services (GMS) announced the award of three new contracts, with a combined duration of 31 months. These include a 23-month contract for an E Class vessel in Qatar, commencing in early 2022, and two K Class vessel contracts totalling 8 months commencing in August 2021. Combined these contract awards brings secured…
South West Brands to list its shares on London Stock Exchange
LONDON, UK: South West Brands, the multi-brand cannabidiol consumer goods company, announced its intention to apply for admission of the Company’s ordinary shares to commence trading on the standard segment of the Official List and to trading on the Main Market for listed securities of the London Stock Exchange. Concurrently with Admission, the Company is…
Marlowe plc acquires CQC Compliance Ltd for £2 million
LONDON, UK: Marlowe plc has acquired CQC Compliance Ltd, a care quality compliance consultancy, with the total enterprise value payable expected to be approximately in the region of £2 million. CQC is based in Preston, Lancashire, and provides retained consulting services to care homes, surgeries and pharmacies to ensure compliance with health and social care…
Europris acquires Lekekassen for NOK 501 million
FREDRIKSTAD, NORWAY: Europris is acquiring 67 per cent of Lekekassen Holding AS – Norway’s largest player in online shopping for toys – for NOK 501 million, a news release said. Through this acquisition, the company will be entering a strategically important product category which is growing rapidly online, as well as further strengthening its expertise…
Telstra sells 49 percent of Telstra InfraCo Towers for $2.8 billion
SYDNEY, AUSTRALIA: Telstra Corporation announced a consortium comprising the Future Fund, Commonwealth Superannuation Corporation and Sunsuper will become a strategic partner in Telstra InfraCo Towers after agreeing to acquire a 49 per cent interest. The Towers business is the largest mobile tower infrastructure provider in Australia with approximately 8,200 towers. The transaction values Telstra InfraCo…
Rio Tinto declares force majeure at Richards Bay Minerals
SYDNEY, AUSTRALIA: Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position improves. Rio Tinto chief executive Minerals, Sinead Kaufman, said: “The…
Apiam Animal Health acquires Scenic Rim Vets in a $16 million deal
BENDIGO, AUSTRALIA: Apiam Animal Health Limited has entered into a binding agreement to acquire the assets of Scenic Rim Veterinary Service and Boonah Veterinary Hospital for total consideration of $16 million, a news release said. Scenic Rim Vets operates a leading state-of-the-art equine clinic in Beaudesert (QLD), as well as a mixed animal clinic in…