SYDNEY: Home Consortium (HomeCo) announced $133.2 million of high quality primary medical and childcare acquisitions, growing the seed portfolio for HealthCo to ~$480 million. HomeCo today provides an update in relation to a number of asset recycling initiatives which are consistent with strategy to transition to a capital light fund manager with scalable platforms for…
Ampol to continue refining operations at Lytton as review completed
BRISBANE: Ampol Limited announced the completion of its refinery review and an intention to continue refining operations at Lytton. The decision, which is subject to the government’s refining support package being successfully legislated as proposed, follows comprehensive management analysis and constructive engagement with the Government. The Federal Government’s proposed package will help underpin the viability…
BWX Limited to acquire vegan and sustainable products retailer Flora & Fauna for c.$30 million
MELBOURNE: BWX Limited (ASX:BWX) has announced an agreement to acquire 100% of the Good Collective Pty Ltd, trading as Flora & Fauna – a Certified B Corporation online retailer focused on vegan, ethical and sustainable products. BWX has agreed to acquire Flora & Fauna for a consideration expected to be between $27.9m to $30.8m payable…
Scott Alomes appointed CEO of Millennium SG as Darren Boyd resigns
SYDNEY, AUSTRALIA: Millennium SG Ltd announced today that it had received the resignation of its Chief Executive Officer and Managing Director Mr. Darren Boyd. The Company also announced the appointment of a new Chief Executive in Mr. Scott Alomes. Mr. Boyd has indicated that he has completed the task that he initially joined the Company…
Ensurance Ltd to acquire TK Specialty Risks Pty Ltd (TKSR) for $2.5 million
SYDNEY: Ensurance Ltd (ASX: ENA) has executed an agreement to acquire 100% of the issued share capital of TK Specialty Risks Pty Ltd trading as TKSR (TKSR) from its sole shareholder for $2,500,000, to be satisfied by the issue of shares in ENA. TKSR was established in November 2015 as an underwriting agency wholly dedicated…
Victoria Newman to join NZX as Future Director
AUCKLAND: The New Zealand Exchange (NZX) Board has appointed Victoria Newman as its next Future Director, effective 1 July 2021. Victoria has broad-based professional services experience, including senior strategy and professional development roles with McKinsey & Co, three years as Principal of Virgin Green Fund focused on private equity investment in the clean-tech sectors in…
Precinct launches NZ$100 million retail green bond offer
AUCKLAND: Precinct Properties New Zealand Limited has announced an offer of up to NZ$100 million (with the ability to accept up to an additional NZ$50 million) of secured, unsubordinated, fixed rate six year green bonds to institutional investors and New Zealand retail investors. The offer opens Monday and will be made pursuant to the Financial…
T&G Global Chairman Prof. Klaus to step down on June 23rd
AUCKLAND: T&G Global today announced that after nine years as Chairman, Prof. Klaus Josef Lutz will step down from the T&G Global Board at the end of its Annual Meeting on 23 June 2021. Prof. Lutz joined the Board in April 2012 and under his leadership the Company has evolved into a strong global player…
NRL offers government to develop and implement Tanjeel and Rekodiq reserves in Baluchistan
QUETTA: Balochistan Mineral Exploration Company (BMEC) – a JV of Government of Balochistan (90%) and Government of Pakistan (10%) and the concession holder of EL199 (consisting of Rekodiq & Tanjeel reserves) – has received a proposal from the National Resources Private Limited (NRL) on unsolicited basis to develop and implement the Tanjeel reserves as a…
Moody’s confirms Qatar International Islamic Bank rating at A2/Prime-1
QATAR: Qatar International Islamic Bank (QIIB) has announced that Moody’s has confirmed the credit rating at A2 / Prime-1 with a stable outlook. Moody’s credit rating agency reconfirmed QIIB’s long-term credit rating at (A2) with a stable outlook, which affirms the bank’s strong financial position. This high rating reflects the strength and robustness of the…
Union Properties posts profits
DUBAI: Union Properties, the iconic property developer with a portfolio of diversified subsidiaries, announced 5.6 million Dirhams in net profit for the first quarter of 2021 compared to a net loss of 121.9 million dirhams for the same period in 2020. The company has attributed this profit to a number of key factors including the…
Dubai Islamic Insurance & Reinsurance Company posts 100% earnings growth
DUBAI: Dubai Islamic Insurance & Reinsurance Company (Aman), the pioneering UAE Takaful Insurance provider, announced its financial results for the first quarter of 2021. Aman reported a net profit attributable to shareholders of AED 6.4 million in the first quarter of 2021, registering a significant increase of 100.8% compared to AED 3.18 million in the…