SYDNEY, AUSTRALIA: National Australia Bank Limited (NAB) confirmed that it has completed the sale of the MLC Wealth business to IOOF Holdings Ltd. (IOOF). The sale price of $1.44 billion comprises $1.240 billion in cash proceeds from IOOF and $200 million in the form of a 5-year structured subordinated note issued by IOOF. “The collaborative…
Saint-Gobain sells part of its glass processing business in Germany
LONDON, UK: Saint-Gobain announced the sale of Saint-Gobain Glassolutions Objekt-Center, which specializes in glass processing operations as part of the Glassolutions network in Germany, to the German privately-owned AEQUITA group based in Munich. This sale concerns two sites: Döring Berlin and Radeburg, which employ a total of almost 200 people and generated €20 million in…
Marlowe plc acquires ACL for up to £7.3 million
LONDON, UK: Marlowe plc has acquired ACL, a provider of fire safety and security services, for an enterprise value of up to £7.3 million. Founded in 1984, ACL is based in Surrey and employs approximately 80 staff. The acquisition provides attractive synergies with Marlowe’s testing, inspection and certification activities. For the year ended 30 April…
Breedon Group acquires Micromix (Northern) Limited
LONDON, UK: Breedon Group, a leading construction materials group in Great Britain and Ireland, has acquired Micromix (Northern) Limited which trades as Express Minimix, a ‘mini mix’ concrete operator based out of Durham, a news release said. The company operates a fleet of 25 mixer trucks, specialising in delivering small loads of ready-mixed concrete and…
Kainos Group acquires Cloudator Oy’s Workday division
LONDON, UK: Kainos Group plc (KNOS), a leading digital technology company and Workday (NASDAQ:WDAY) Services Partner, operating in two specialist divisions, Digital Services and its Workday Practice, today announces the acquisition of Cloudator Oy’s Workday division. Founded in 2011 in Helsinki, Finland, Cloudator offers services for the full suite of Workday enterprise cloud applications, including…
Renew Holdings subsidiary acquires Rail Electrification Limited for £5.3 million
LONDON, UK: Renew Holdings announced that its wholly owned subsidiary, QTS Group Limited, has acquired the entire issued share capital of Rail Electrification Limited (REL), for a total cash consideration of up to £5.3 million. Based in Scotland, Rail Electrification Limited (REL) is a leading provider of high-quality services and Road Rail Plant associated with…
Vallourec finalizes the sale of Valinox Nucléaire SAS to Framatome
BOULOGNE-BILLANCOURT: Vallourec, world leader in premium tubular solutions, has finalized the sale to Framatome of the company Valinox Nucléaire SAS, located at the French production facility in Montbard (Burgundy, Côte d’Or). Founded in 1974, Valinox Nucléaire SAS – France is specialized in the manufacturing of tubes for nuclear islands. All required regulatory approvals and authorizations…
Vivendi completes the acquisition of Prisma Media
PARIS, FRANCE: Vivendi SE has completed today the acquisition of 100% of Prisma Media, a news release said. The Group signed a put option agreement with Gruner+Jahr/Bertelsmann on December 23, 2020. The Prisma Media acquisition is part of Vivendi’s development strategy in media to gain a foothold in an industry that strongly complements its existing…
Shell Energy Pakistan receives gas marketing license from OGRA
KARACHI, PAKISTAN: The Oil & Gas Regulatory Authority (OGRA) has awarded a ‘gas-marketing license’ to Shell Energy Pakistan (Pvt) Limited, a news release said. Shell Energy Pakistan (Pvt) Limited has been incorporated with the aim of carrying out downstream gas marketing activities in Pakistan. It aims to aggregate demand from customers and secure competitive international…
S&P improves Metalloinvest outlook to positive from stable
MOSCOW, RUSSIA: Metalloinvest Finance Designated Activity Company (IRSH), a leading global iron ore and HBI producer and supplier, announced that Standard & Poor’s Ratings Services (S&P) has improved the company’s outlook to positive from stable, affirming a ‘BB+’ long-term corporate credit rating. According to a statement published by S&P, Metalloinvest’s outlook revision to positive reflects…
Afarak Group sells Ilitha mine assets for Euro 23.8 million
HELSINKI, SWEDEN: The Board of Directors of Afarak Group Plc has approved the arrangement for the sale of Ilitha’s plant, assets and mining right for Euro 23.8 million, a news release said. Ilitha is a South African company which holds the Stellite mine. The buyers are WMA Chrome Mining Property Limited and WMA Minmet Processing…
Oriola Corporation sells its ownership in Doktor.se for SEK 340 million
HELSINKI, FINLAND: Oriola Corporation has decided to sell up to 50% of its approximately 14% ownership share of Doktor.se, a leading Swedish e-health provider. The sales price is approximately SEK 340 million. The profit from the sale will be recognised in other comprehensive income in the consolidated financial statements. Thus, the transaction does not have…