LONDON, UK: Stenprop Limited has acquired, in two separate transactions, Whitacre Industrial Park in Huddersfield and a portfolio of five MLI estates located across the UK, for a total consideration of £15.9 million. The combined purchase price reflects a net initial yield of 7.2% and a capital value of £64 per sq ft. Comprising five…
Graham Ritchie appointed new CEO of Ricardo Plc
LONDON, UK: Ricardo plc announced the appointment of Graham Ritchie as its new CEO, replacing Dave Shemmans who is stepping down from the Board after 16 years as CEO on 30 September 2021. Graham will join Ricardo on 1 October 2021. Ricardo plc is a world-class environmental, engineering and strategic consulting company listed on the…
Tomco Energy acquires Valkor’s 50% interest in Greenfield Energy
LONDON, UK: TomCo Energy plc, the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, has acquired from Valkor LLC its 50% interest in Greenfield Energy LLC, the 50/50 joint venture company established by TomCo and Valkor in mid 2020, for wholly deferred equity consideration. Details of the Acquisition…
Volex Plc to acquire Irvine Electronics for $16.4 million
LONDON, UK: Volex plc has signed a share purchase agreement for the acquisition of the entire issued share capital of Irvine Electronics Inc. for a total consideration of $16.4 million. Volex Plc is the global supplier of integrated manufacturing services and power products. The acquisition will be satisfied in cash at completion from the Company’s…
Appen to acquire Quadrant for up to $45 million
SYDNEY, AUSTRALIA: Appen Limited announced the acquisition of Quadrant, a global leader in mobile location and Point-of-Interest (POI) data, a news release said. To acquire 100% of the share capital of Quadrant, Appen will make an upfront cash payment of US$25 million and a potential additional payment of up to US$20 million in Appen shares…
Princess Cruises restarts Island Princess and Diamond Princess
SANTA CLARITA: Princess Cruises, the world’s leading international premium cruise line has announced updated restart timing for Island Princess and Diamond Princess. Island Princess will now return to service with a series of cruises to the Caribbean in spring 2022, prior to its 14-day Panama Canal Ocean to Ocean voyage on April 27, 2022. Diamond Princess…
Apex Group to buy Sanne Group for £1.51 billion
LONDON, UK: Apex Group has made an offer to acquire all shares of Sanne Group plc at the rate of 920 pence/share, which values Sanne Group’s entire share capital at approximately £1.51 billion. “The boards of directors of Sanne Group plc and Apex Acquisition Company Limited have reached agreement on the terms and conditions of…
Element79 Gold Corp. acquires Plutus Gold Corp.
VANCOUVER, BC: Element79 Gold Corp. has signed a binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding shares in Plutus Gold Corp., which holds the option to acquire the Snowbird High-Grade Gold Project. The Snowbird High-Grade Gold Project consists of 2,726 hectares across ten mineral claims located in Central British Columbia…
Bank Alfalah posts growth in deposits and consumer lending
KARACHI, PAKISTAN: Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half year ended June 30, 2021. The first half of 2021 has been a period of remarkable growth for the Bank. Profit after taxation increased by 24.2% and…
Sudatel Group launches 4G service in Mauritania
ABU DHABI, UAE: Sudatel Telecom Group, through its operator (Chinguitel ), launched the mobile 4G services in the Mauritanian capital, Nouakchott along with six other regions of Mauritanian states. This move coincides with the celebrations of 15th anniversary of Chinguitel in the Mauritanian market. As part of its strategy, Sudatel aims to modernize its infrastructure…
IoT satellite company Astrocast lists on Euronext Growth
LAUSANNE, SWITZERLAND: Astrocast SA, a leading Swiss IoT focused nano satellite company floated its shares on the Euronext Growth market in Oslo. The listing marks the first chance for investors to acquire shares in an Internet of Things (IoT) dedicated satellite constellation in a public market. “Astrocast is recognised as one of the pioneers, and one…
SalMar aquires 45% ownership in Refsnes Laks
OSLO, NORWAY: SalMar has entered into an agreement to acquire 45% ownership in Refsnes Laks AS through a combination of share purchase and private placement. The purchase price for the transaction is NOK 665 million. Refsnes Laks AS currently has four licenses for production of Atlantic salmon and a time limited viewing license in Central Norway,…