LONDON, UK: Eurobonds of the debut EUR 300 million 5-year issue of Akropolis Group, the biggest manager of shopping centres in Lithuania, which was successfully distributed last week, have been listed on Euronext Dublin and Nasdaq Vilnius stock exchanges, a news release said. Eurobonds of the company have become available to investors on the Irish…
Skanska divests multi-family project in Malmö, Sweden for SEK 300 million
HELSINKI, FINLAND: Skanska AB has divested a residential project consisting of rental apartments, senior apartments and a home for people with special needs in Malmö, Sweden, a news release said. The buyer is Bantorget Hyresbostäder AB. The selling price is about SEK 300M, which will be recorded by Skanska Sweden in the Residential Development stream…
Scandi Standard appoints Otto Drakenberg as interim managing director and CEO
STOCKHOLM, SWEDEN: Board of Directors of Scandi Standard has decided to appoint Otto Drakenberg as interim managing director and CEO of Scandi Standard. This decision means that Leif Bergvall Hansen resigns with immediate effect. Otto Drakenberg was born 1966 and has a track record as interim Chief Executive in the FMCG, consumer services, and consumer…
Airthings teams up with Airly to help tackle air pollution globally
OSLO, NORWAY: Airthings ASA, the global leader in indoor air quality solutions and energy-saving technology, has joined forces with Airly to help tackle air pollution globally. Through the partnership, both Airly’s and Airthings’ business customers will be able to expand their monitoring capabilities to cover both outdoor and indoor environments–achieving a full picture of their…
Scatec signs a 900 MW solar power plant in India
OSLO, NORWAY: Scatec ASA has entered a partnership with ACME, a leading solar developer in India, to realise a 900 MW solar power plant in the state of Rajasthan, India. The project has an estimated total capex of USD 400 million, with 75% debt financing from an Indian state-owned lender. Scatec will hold a 50%…
NLMK, Belgorod Region administration and Russian Ministry sign MOI for new metals and mining project
LONDON, UK: NLMK Group, the Belgorod Region administration, and the Russian Ministry of Industry and Trade have signed a Memorandum of Intent for a project to construct a new metals and mining facility at the Stoilensky Mining and Beneficiation plant, a news release said. The project is based on the most advanced and environmentally friendly…
eMusic Live becomes first music livestream platform to offer NFTs
LONDON, UK: 7digital Group’s eMusic Live joint venture will become the first music livestream platform to offer artist NFTs (non-fungible tokens) alongside ticketed events running on the platform, a news release said. The Aces, performing from Los Angeles’ legendary Conway Recording Studios as part of LA Pride on 15 June 2021, will become the first…
Octopus Renewables buying rights to construct 50MW Cumberhead Wind Farm
LONDON, UK: Octopus Renewables Infrastructure Trust plc has signed a Share Purchase Agreement to acquire 100% of the rights to construct the Cumberhead Wind Farm, a 50MW onshore wind farm located in South Lanarkshire, Scotland from RDC Partners LLP. Completion of the acquisition is conditional upon achieving ready-to-build status which is expected to occur in…
Home REIT plc announces £47.1 million worth of acquisitions
LONDON, UK: The Board of Home REIT plc, which funds the acquisition and creation of high-quality properties across the UK that are dedicated to providing accommodation for homeless people, is pleased to announce that the Company has acquired a further 14 separate portfolios of properties located across England for an aggregate purchase price of £47.1…
Balfour Beatty sells its part of infrastructure investments for £20 million
LONDON, UK: Balfour Beatty, the international infrastructure group, announces the sale of its 70% interest in the BC Children’s & BC Women’s Hospital Redevelopment Project Phase 2 – Teck Acute Care Centre, located in Vancouver, Canada. The disposal proceeds of c. £20 million are in excess of the Directors’ valuation as at 31 December 2020….
Chemring Group acquires Cubica Technology Limited and Q6 Holdings Limited
LONDON, UK: Chemring Group announced the acquisition of Cubica Technology Limited and Q6 Holdings Limited (collectively the Cubica Group). The consideration will be satisfied by a payment in cash on completion, funded from Chemring’s existing bank facilities, and a deferred consideration payable in Chemring 1p ordinary shares in two tranches on the second and third…
Pennon Group acquires Bristol Water Holdings UK (group) for £425 million
LONDON, UK: Pennon Group plc has acquired 100% of the issued share capital of Bristol Water Holdings UK Limited and its subsidiaries, including Bristol Water plc, for an equity value of £425 million, and an enterprise value of £814 million including assumed debt. Pennon bought Bristol Water Group from its indirect shareholders: infrastructure funds advised…