LONDON, UK: Ediston Property Investment Company has acquired Springkerse Retail Park, Stirling, for £21.85 million, in an ‘off market’ transaction. The price reflects an initial yield of 9.54%. The retail park was purchased from clients of LaSalle Investment Management. Stirling is in central Scotland, 26 miles from Glasgow and 35 miles from Edinburgh. The Stirling…
Ancala and Fiera Consortium acquires Augean Plc for £341.2mn
LONDON, UK: Eleia Limited has agreed to purchase all shares of Augean Plc at the rate of 325 pence/share, valuing the entire issued and to be issued ordinary share capital of Augean at approximately £341.2 million. Eleia Limited (Bidco), a special purpose vehicle is formed by investment funds managed by Ancala Partners LLP and investment…
Centrepoint Alliance to purchase ClearView Advice for $15.2mn
SYDNEY, AUSTRALIA: Centrepoint Alliance has agreed to purchase ClearView Financial Advice Pty Ltd, Matrix Planning Solutions Ltd and LaVista Licensee Solutions Pty Ltd (together ClearView Advice) from ClearView Wealth Limited. Combined entity will have significant scale and access to further growth opportunities, with 1,303 advisers (490 licensed and 813 self-licensed), market-leading advice technology (Lumen compliance…
Bravura Solutions appoints Nick Parsons as new CEO
SYDNEY, AUSTRALIA: Bravura Solutions Limited announced Nick Parsons will be appointed as Chief Executive Officer, effective 3 September 2021, as Tony Klim is stepping down from the Chief Executive Officer after a service of 13 years. Departing Chief Executive Officer Mr. Tony Klim said, “It has been a great honour for me to serve Bravura…
Samsung unveils $206 billion expansion plan
SEOUL: Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics, Samsung Electronics said. The investment through 2023 will help strengthen the group’s global standing in key industries such as chip-making, while allowing it to seek growth opportunities in new areas…
Simplifai partners health care solution provider Avans Soma
OSLO, NORWAY: Simplifai has entered into a strategic partnership agreement with the health care solution provider Avans Soma AS making them capable of using AI directly in their patient related solutions. Avans Soma AS has its Headquarter in Dale in Sunnfjord, Norway, with offices also in Bergen and Oslo. The company’s majority owner is Carasent ASA, whose strategy is…
Rio Tinto resumes operations at Richards Bay Minerals
LONDON, UK Rio Tinto has today commenced the process of restarting operations at Richards Bay Minerals (RBM) in South Africa. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as substantive engagement with host communities and their traditional authorities. Rio Tinto chief executive Minerals…
ADIB launches world’s first Islamic digital proposition for youth
ABU DHABI, UAE: Abu Dhabi Islamic Bank (ADIB) has officially unveiled ‘Amwali’, world’s first Islamic digital proposition targeting youth between the age of 8 to 18, a news release said. Amwali is a ground-breaking proposition that brings together an entire suite of banking products and innovative technology to enable young customers to enjoy a whole…
Fusion Antibodies collaborates with Eurofins Discovery
LONDON, UK: Fusion Antibodies plc has entered into a commercial collaboration agreement with Eurofins Discovery, a leading provider of products and services to the drug discovery industry. Eurofins is a Eurofins Scientific SE (EUFI.PA) group company. Pursuant to the Collaboration, Fusion will provide comprehensive pre-clinical antibody development services from discovery, engineering, and critical reagent supply…
HydrogenPro receives purchase order from Mitsubishi Power
OSLO, NORWAY: HydrogenPro AS has received a purchase order from Mitsubishi Power for the world’s largest single stack high-pressure alkaline electrolyser system to produce hydrogen, a news release said. The companies are scaling and validating hydrogen technology to enable global efforts to decarbonize. The large single stack first-of-its-kind electrolyser system will have a capacity of…
SHUSA to buy all outstanding shares of Santander Consumer USA
MADRID: Santander Holdings USA (SHUSA) and Santander Consumer USA Holdings (SC) have entered into a definitive agreement pursuant to which SHUSA will acquire all outstanding shares of common stock of SC not already owned by SHUSA via an all-cash tender offer for $41.50 per SC common share. This transaction is followed by a second-step merger,…
Sativa Wellness signs German distribution deal for Goodbody Brand
LONDON, UK: Sativa Wellness Group has signed a distribution agreement with German partners Lexamed GMBH. This exclusive agreement will allow both parties to work together to build the Goodbody CBD brand within Germany with plans to expand this to other European countries in the future. The German market has a strong CBD market, and this…