SYDNEY, AUSTRALIA: Asaleo Care Limited confirmed that the Federal Court of Australia has made approved the proposed acquisition of Asaleo Care by a wholly owned subsidiary of Essity Group Holding BV. Asaleo Care is a leading personal care and hygiene company which markets, manufactures, distributes, and sells personal care and hygiene products throughout Australia, New…
GFH’S Britus Education acquires British International School of Tunis
MANAMA, BAHRAIN: Britus Education, the fully owned education investment platform of GFH Financial Group, announced the acquisition of The British International School of Tunis (BIST), further expanding the Group’s presence in the Tunisian market, where GFH is already the major investor in Tunis Bay. The transaction gives Britus Education a 70% stake in the thriving…
Mercell Holding completes acquisition of Cloudia Oy
OSLO, NORWAY: Mercell Holding ASA has completed the acquisition of 100% of the shares in the leading Finnish e-Tendering provider Cloudia Oy. The acquisition represents a major step in Mercell’s strategy to become the leading European provider of public e-tendering and e-procurement software. Cloudia is a leading global provider of digital procurement performance solutions. Our…
Vitol Bahrain to provide one LNG cargo to Pakistan LNG Limited
KARACHI, PAKISTAN: Vitol Bahrain has offered to provide one LNG cargo of 140,000 cubic meters to Pakistan LNG Limited (PLL) at the rate of $12.77/mmbtu. PLL had invited bids for the supply of two LNG cargoes of 140,000 cubic meters each to be delivered on July 08-09, 2021 and July 12-13, 2021. However, just one…
S&P revised outlook on ASB Bank to Stable
LONDON, UK: ASB Bank Limited (ASB) noted the announcement by S&P Global Ratings (S&P) dated 7 June 2021 regarding the rating of ASB. S&P has affirmed ASB’s Long Term Issuer Credit Rating at AA- and revised the outlook on ASB to stable from negative.
TotalEnergies to install 2,200 new EV charging points in Amsterdam
PARIS, FRANCE: TotalEnergies will expand Amsterdam’s current network with 2,200 new EV charging points, to be installed by fall 2022, a news release said. The municipality of Amsterdam has awarded the concession for the expansion of its public charging network for electric vehicles (EV) to TotalEnergies. The installation of 1,100 chargers, each equipped with two…
Mathias Miedreich to replace Marc Grynberg as CEO of Umicore SA
BRUSSELS, BELGIUM: Umicore SA has appointed Mathias Miedreich to succeed Marc Grynberg as CEO of the Group in the 4th quarter of this year, a news release said. Marc and Mathias will work together to ensure an optimal onboarding of Mathias and a smooth transition of leadership. Born in 1975 and a German national, Mathias…
Linas Agro Group borrows from banks to fund acquisition of KG Group
VILNIUS, LITHUANIA: Linas Agro Group, is borrowing funds from Luminor, Swedbank and SEB banks to finance the acquisition of companies of the KG Group. The syndicated local will be granted under the permission to execute the said acquisition issued by the Lithuanian Competition Council, a news release said. AB Linas Agro Group entered into a…
Anglo American completes demerger of Thungela thermal coal business
LONDON, UK: Anglo American plc announced the completion of the demerger of its thermal coal operations in South Africa. Thungela Resources Limited will start trading today through a primary listing on the Johannesburg Stock Exchange under the abbreviated name “Thungela” (Alpha code “TGA”), and a standard listing on the London Stock Exchange (“TGA”). As a…
SBB acquires majority stake in JM AB for SEK 4.56bn
OSLO, NORWAY: Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) has today acquired 13.975 million shares in JM AB at a price of SEK 326.30 per share from OBOS, corresponding to SEK 4.56bn. The transaction corresponds to 20.08 percent of the shares and votes in JM, thus making it an associated company to SBB. SBB’s profit from…
SHUAA sells all their stakes in Khaleeji Commercial Bank to GFH Financial
DUBAI, UAE: SHUAA Capital has sold its 3.8% stake in Khaleeji Commercial Bank (KHCB) to GFH Financial Group. The sale is expected to contribute positively to SHUAA’s Q2 financials. The sale of Khaleeji Commercial Bank (KHCB) shares represents continued progress in SHUAA’s stated intention to exit its Non-Core Assets. In the recent announcement of SHUAA’s…
Tesco and Carrefour agree not to extend alliance
LONDON, UK: Tesco and Carrefour have today confirmed that they have decided not to extend their Purchasing Alliance beyond the three-year operational framework agreed in 2018, and the Alliance will formally end on 31 December 2021. Over the last three years, Tesco and Carrefour have benefited from a number of joint buying opportunities across food…