LONDON, UK: Kerry Group plc, the global taste & nutrition company, today announces that it has completed the sale of its Consumer Foods’ Meats and Meals business to Pilgrim’s Pride Corporation for €819m (£704m). The sale was first announced on 17 June 2021. Commenting on the closure of the sale, Edmond Scanlon, Chief Executive Officer of…
Andy Pinkes appointed Global CEO of R&Q’s legacy insurance business
LONDON, UK: Randall & Quilter Investment Holdings announced the appointment of Andrew (Andy) Pinkes as Global CEO of R&Q’s Legacy Insurance business. The appointment follows the recent announcement of Gibson Re, a Bermuda-domiciled sidecar with $300 million of capital which will allow R&Q to support $2 billion of legacy insurance reserves. Andy will report into…
Workspace buys The Old Dairy (Stapleton House) for £43.38mn
LONDON, UK: Workspace Group has exchanged contracts to acquire Stapleton House, also known as ‘The Old Dairy’, in Shoreditch, for a total of £43.38 million. The property provides 57,000 sq. ft. of net lettable space adjacent to Workspace’s business centre, The Frames, which opened in 2017 following a major refurbishment project. The Old Dairy is…
Creightons plc buys Brodie and Stone for £4.8 million
LONDON, UK: Creightons plc has acquired the entire share capital of Brodie and Stone Holdings Limited (BSH) and its subsidiary, Brodie and Stone International Limited (BSI). Brodie and Stone sells products under the T Zone, Natural World and Janina brands, primarily to retailers in the UK market. The consideration for the transaction is approximately £4.8…
Hikma Pharmaceutical agrees to buy Custopharm for $375 million
Hikma Pharmaceutical , Custopharm , acquire, Waster Street Healthcare Partners, LONDON, UK: Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company and one of the largest suppliers of generic injectable medicines in the US, has agreed to acquire Custopharm Inc. from Water Street Healthcare Partners. Hikma will pay an initial cash consideration of $375 million on a debt…
Cornerstone expands payment management services to Dubai
LONDON, UK: Cornerstone FS plc, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, has expanded into the Middle East with the opening of an office in Dubai. The new office will be led by Robert O’Brien who has joined Cornerstone, as General Manager APAC and Middle East. Mr…
DLTx invests in Blockchain Moon Acquisition Corp.
OSLO, NORWAY: DLT ASA (DLTx) has completed an investment in Blockchain Moon Acquisition Corp, a company incorporated under the laws of Delaware. As communicated in the Q2 report, DLTx was one of the early investors in a SPAC focusing on distributed ledger technologies. The Company invested USD 653,350 in Blockchain Moon Acquisition Corp. through Jupiter…
ReadyTech buys student management software business, Avaxa
MELBOURNE, AUSTRALIA: ReadyTech Holdings Limited has acquired Avaxa, a specialist enterprise student management software business, for a total consideration of $2.2 million. ReadyTech is a leading SaaS business focused on providing next generation cloud-based software to customers within the education, employment, government and justice sectors. Acquisition of this enterprise student management software business will expand…
FOS Lighting buys Ecopoint for NZ$1.87 million
SYDNEY, AUSTRALIA: FOS Capital Ltd via its subsidiary FOS Lighting Pty Ltd has entered into a binding agreement to acquire 100% of the shares in Ecopoint Ltd a New Zealand based commercial lighting company. Purchase price of NZ$1.87 million comprises of NZ$1.49 million in cash and NZ$380,000 in FOS shares. The transaction is expected to…
Bahrain Bourse collaborates with Instinctif Partners to develop IR best practice
BAHRAIN: Bahrain Bourse signed Memorandum of Understanding (MoU) with Instinctif Partners MENA, an international business communications consultancy and Investor Relations (IR) advisory. The collaboration seeks to implement IR-related initiatives, which will allow Bahrain Bourse to promote best practice among listed companies, other market participants, as well as internally. The collaboration will include a series of…
Amanat sells 13.13% stake in International Medical Center for SAR 443mn
DUBAI, UAE: Saudi Healthcare and Education Fund, a private investment fund established in the Kingdom of Saudi Arabia, has sold its minority equity interest representing 13.13% of the shares in International Medical Center KSA (IMC) to a private investor for a total consideration of SAR 443 million. Amanat Holdings through its subsidiaries indirectly holds 100%…
DNB adjusts interest rates on home mortgages
OSLO, NORWAY: The Norwegian central bank, Norges Bank, Thursday raised the key policy rate by 0.25 percentage points. DNB has today decided to increase the interest rate on home mortgages by up to 0.25 percentage points. “Norges Bank’s key policy rate increase marks the end of an historical period with zero interest rates. We are…