LONDON, UK: Pershing Square Holdings announced that Pershing Square Holdings Ltd., Pershing Square L.P., and Pershing Square International Ltd., through an affiliated entity, have acquired 128,555,017 Ordinary Shares of Universal Music Group (UMG), representing 7.1% of the company from Vivendi S.E. for approximately $21.78 per share (or €18.58 per share at today’s exchange rate). The…
Mail.ru injects $60.3mn into AliExpress JV
LONDON, UK: Board of Directors of Mail.ru Group Limited approved the company’s participation, together with certain other shareholders, in the additional funding round of AliExpress Russia JV. Following approval from the Board, the Company submitted a $60.3mn payment to AER in return for additional shares in the AliExpress JV as part of its new share…
Credit ratings of Bondex Insurance Company upgraded
OLDWICK, NEW JERSEY: Insurance rating agency, AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “bbb-” (Good) of Bondex Insurance Company. The outlook of these Credit Ratings is stable, a news release said. These ratings reflect Bondex’s balance sheet strength, which…
ITV acquires minority stake in ismybillfair.com
LONDON, UK: ITV Plc has concluded an investment in Nineteen21 Limited, which trades as ismybillfair.com. ismybillfair offers an online service that saves UK households time and money, by getting a fairer price for household bills from their current supplier, rather than having to go through the hassle of switching. The service is currently live for energy…
Etalon Group announces land acquisition in St Petersburg
LONDON, UK: Etalon Group Plc, one of Russia’s largest and longest-established development and construction companies, announces the acquisition of a land plot in the Petrogradskiy district of St Petersburg for the construction of a premium-class residential complex. The project’s planned NSA will be 63 ths sqm. The site is located near the Pesochnaya embankment and…
Restore plc acquires PRM Green Technologies
KARACHI: Restore plc has acquired 100% of the share capital of PRM Green Technologies Ltd, a leading IT recycling and asset disposition (ITAD) business, on 9th August 2021, a news release said. Restore plc is the UK’s leading provider of integrated information and data management services, secure technology recycling and commercial relocation solutions. This is…
Golden Ocean ends relationship with Capesize Chartering
OSLO, NORWAY: Golden Ocean Group Limited has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar. Mr Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, commented: “We have enjoyed our close cooperation with our CCL partners over the last…
Heimstaden Bostad buys SEK3.5bn Danish portfolio
OSLO, NORWAY: Heimstaden Bostad AB strengthened its presence in Denmark through a SEK 3.5 billion acquisition of 1,473 homes in several attractive locations. The portfolio consists of 34 properties, of which 18 are standing assets with 680 homes, including one commercial property. 16 properties are under construction and are acquired in a forward purchase structure…
Tritax Eurobox plans forward funding acquisition in Italy
LONDON, UK: Tritax EuroBox plc announced that conditional contracts have been entered into to acquire land and provide forward funding for the development of a new highly specified and sustainable logistics warehouse facility in Settimo Torinese near Turin, Northern Italy for a total consideration of €24.39 million. The property will be developed by LCP IT…
Derwent London forms joint venture with Lazari Investments
LONDON, UK: Derwent London is pleased to announce three off-market West End transactions with Lazari Investments. “We have exchanged contracts to acquire two properties in London’s Knowledge Quarter1, totalling 182,100 sq ft for £214.6m inclusive of costs. The combined rent is £5.3m p.a., or c.£30 per sq ft, reflecting a net initial yield of 2.5%….
UOG Holdings sells all shares of UOG Italia for €2.165mn
LONDON, UK: United Oil & Gas Plc, through its subsidiary, UOG Holdings plc, has signed a conditional sale and purchase agreement with PXOG Marshall Limited, a subsidiary of Prospex Energy PLC, for the sale of 100% of the share capital of UOG Italia Srl for a consideration of €2.165 million in cash. The effective date…
Megaport Limited acquires InnovoEdge for $15mn
BRISBANE, AUSTRALIA: Megaport Limited has signed an agreement to acquire InnovoEdge Inc. an AI-powered multicloud and edge application orchestration company, via its wholly owned US-registered subsidiary. Megaport CEO Vincent English said: “Empowering our customers and partners with greater agility is a priority for Megaport. The acquisition of InnovoEdge aligns well with that priority and will…