AUCKLAND, NEW ZEALAND: Brooke Farris is appointed as Chief Executive Officer of Rip Curl, a news release said. This follows the previously announced promotion of Michael Daly from this role to Group Chief Executive Officer and Managing Director of Kathmandu Holdings Limited. Brooke will report to Michael in her new capacity as Rip Curl Chief…
CCH Holdings buys Coca-Cola Bottling Egypt for $427mn
ZUG, SWITZERLAND: Coca-Cola HBC Holdings (CCH Holdings) has reached agreement to acquire 94.7% of Coca-Cola Bottling Company of Egypt (CCBCE) from its major shareholders including The Coca-Cola Company (TCCC) and MAC Beverages Limited (MBL) for an agreed combined purchase price of US$427 million. Zoran Bogdanovic, CEO of Coca-Cola HBC, said: “We are excited to welcome…
MAST acquires 9 MW Pyebridge generation facility
LONDON, UK: Kibo Energy PLC, the multi-asset energy development company, notes that its 55% subsidiary, MAST Energy Developments acquired a 9MW Gas-powered Standby Generation Facility. MAST is a UK -based multi-asset operator in the rapidly growing Reserve Power market. MAST’s most recent corporate transaction involves the completion of a Sale and Purchase Agreement (“SPA”) to…
Glanbia launches share buy-back of up to €50m
LONDON, UK: Glanbia plc, the Global Nutrition Group, will commence a share buy-back programme of up to €50 million in total value in Glanbia plc ordinary shares. The purpose of the share buyback programme is to reduce the share capital of the Company (any Shares repurchased for this purpose will be cancelled). The Company has…
Glanbia launches share buy-back of up to €50m
LONDON, UK: Glanbia plc, the Global Nutrition Group, will commence a share buy-back programme of up to €50 million in total value in Glanbia plc ordinary shares. The purpose of the share buyback programme is to reduce the share capital of the Company (any Shares repurchased for this purpose will be cancelled). The Company has…
Aviva announces £750m ordinary shares buyback
LONDON, UK: Aviva plc will commence a share buyback programme of its ordinary shares for up to a maximum aggregate consideration of £750 million, commencing on 13 August 2021, a news release said. Aviva has entered into a non-discretionary agreement with Citigroup Global Markets Ltd to conduct the Programme on its behalf and to make…
Powerhouse Energy acquires stake in Engsolve Limited
LONDON, UK: Powerhouse Energy Group, the UK technology company commercialising hydrogen production from plastic, announced acquisition of 48% of the share capital of Engsolve Limited, the engineering consultancy. The shares have been bought for a consideration of £99,990 in cash from Engsolve shareholders. Reasons for the Acquisition Paul Emmitt, the Company’s Chief Technology Officer, is…
Keywords Studios acquires AMC for €2.8 million
LONDON, UK: Keywords Studios has acquired the entire issued share capital of AMC, a video game art creation studio for a total consideration of €2.8 million, a news release said. The acquisition adds significant talent and experience to Keywords’ art service line and establishes its presence in Eastern Europe. The acquisition also brings opportunities for…
TechnipFMC makes strategic investment in Loke Marine Minerals
PARIS, FRANCE: TechnipFMC is joining forces with Loke Marine Minerals to develop enabling technologies for the extraction of seabed minerals, driving the energy transition and a sustainable future. Marine minerals have been identified by the World Bank, World Economic Forum, and International Energy Agency as one of the potential solutions to meet the increasing demand…
Genesis Energy to add solar to energy portfolio
AUCKLAND, NEW ZEALAND: Genesis Energy has signalled its intent to develop solar as part its renewable generation programme. The company is in active discussions with international solar developers to finalise a joint venture arrangement to deliver up to 500MW of solar capacity over the next five years as part of its Future-gen strategy. This would…
Aegon calls $250 million in perpetual capital securities
AMSTERDAM: Aegon is exercising its right to redeem the USD 250 million floating rate perpetual capital securities with a minimum coupon of 4% issued in 2005. The redemption is in line with Aegon’s target to reduce leverage, a news release said. The redemption of these grandfathered Tier 1 securities will be effective September 15, 2021,…
Perpetual Limited buys Jacaranda Financial Planning
SYDNEY, AUSTRALIA: Perpetual Limited has announced the acquisition of Jacaranda Financial Planning Pty Ltd, a leading Sydney and Melbourne based boutique wealth advisory firm focused on the high net worth market segment with funds under advice (FUA) of $915 million as at 30 June 2021. Perpetual Chief Executive Officer and Managing Director, Rob Adams said:…