LONDON, UK: Gresham House announced its intention to acquire the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP for an initial consideration of £24.0 million, with further consideration of up to £12.1 million payable over a three-year period and subject to the achievement of certain criteria. The Company intends to raise gross proceeds…
Infratil commits $233mn to development of renewables in Asia
AUCKLAND, NEW ZEALAND: Infratil Limited has announced it is committing $233 million to establish Gurīn Energy, a renewable energy development platform headquartered in Singapore which will focus on greenfield renewable projects across Asia. Infratil CEO Jason Boyes said Asia presents a significant opportunity for Infratil to enter markets which are following a ‘transition to renewables’…
AM Best Affirms Credit Ratings of gig-Jordan
LONDON: AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Jordan based Arab Orient Insurance Company (gig-jordan) with a stable outlook. The ratings reflect gig-Jordan’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business…
Sampo launches sale of 73mn Nordea shares
HELSINKI, FINLAND: Sampo has announced the launch of an accelerated bookbuild offering of a maximum of 73 million Nordea shares to institutional investors. The offering implies a potential reduction in Sampo’s stake in Nordea of up to 1.8 percentage points to 10.1 per cent of all outstanding shares. The planned disposal represents a further step…
KE expects 700MW of new electricity connections in 2 years
KARACHI, PAKISTAN: Growth in power demand in K-Electric (KE) service area is expected to remain above 5 per cent and KE expects over 700 MW of new electricity connections in next 2 years, with more than half in the industrial segment K-Electric’s mega-project Bin Qasim Power Station 3 (BQPS-III) will add 900 MW to K-Electric’s…
Vivendi sells additional 2.9% stake of UMG to Pershing Square for $1.149 billion
PARIS, FRANCE: Vivendi completed the sale of an additional 2.9% of Universal Music Group B.V. (UMG) to Pershing Square and its affiliates, as announced on August 31, 2021. The price of this sale is $1.149 billion, corresponding to an enterprise value of €35 billion for 100% of UMG. Considering the 7.1% stake it already owns,…
Atos and Intigriti to release new bug bounty service
LILLE, FRANCE: Atos and Intigriti announced collaboration to release an end-to-end bug bounty service for organisations. Bug bounty service consists of using expert researchers and ethical hackers, selected according to a precise protocol, to search for vulnerabilities in an application or system. First introduced in 1995, this approach is the logical and complementary continuation of…
Best Workplaces in the Latin America 2021
Great Place to Work, the global authority on workplace culture, has announced that Teleperformance (Paris:TEP), a leading global group in digitally integrated business services, ranked in the top 5 multinationals 2021 Best Workplaces in the Latin America 2021 List. This exceptional ranking is especially meaningful because it is based directly on confidential, direct survey data…
MPC Energy to construct a solar park in the Dominican Republic
AMSTERDAM: MPC Energy Solutions (MPCES) has entered the Dominican Republic through a joint development agreement with Soventix Caribbean, a leading regional developer.MPCES holds 51% in this partnership that seeks to develop and construct a solar park with a capacity of 50-100 MW by the end of 2022. Soventix Caribbean will be responsible for the local…
Oxford Nanopore plans IPO on London Stock Exchange
LONDON, UK: Oxford Nanopore, the company behind a new generation of nanopore-based sensing technology, has announced its potential intention to undertake an initial public offering (IPO) on London Stock Exchange. Oxford Nanopore announced the intended publication by the Company of a registration document and its potential intention to undertake an initial public offering (IPO) on…
DXN Limited acquires Secure Data Centre in Darwin for $4.6mn
SYDNEY, AUSTRALIA: DXN Limited has entered into a binding share and unit sale agreement to purchase 100% of Secure Data Centre (SDC) in Darwin, Northern Territory, for a purchase price of $4.6 million in cash and $200,000 worth of shares in DXN. As part of the consideration for the transaction (in addition to the cash…
IOUpay to acquire 42% of IDSB, Malaysian finance company
SYDNEY, AUSTRALIA: IOUpay Limited has executed binding documents to acquire 42% of the total issued capital of I.Destinasi Sdn Bhd (IDSB) for cash consideration of RM126 million paid 50% upfront and 50% payable no later than six months. IDSB is a private company incorporated in Malaysia in 1981, which operates a financial services business focusing…