AUCKLAND: AMP Limited has appointed Alexis George as its new group Chief Executive Officer (CEO), to take over from Francesco De Ferrari who will retire from the role as the company completes its portfolio review. Ms George will join AMP from ANZ where she has served as Deputy Chief Executive Officer, as well as Group…
Dorel completes $51mn sale of China manufacturing facility
MONTRÉAL: Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate. As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China as well as its product…
Orkla acquires India based Eastern Condiments Private Limited for NOK 2.4 billion
OSLO: Orkla ASA has completed the purchase of 67.82 percent of the shares in India based Eastern Condiments Private Limited at an enterprise value of NOK 2.4 billion. With this acquisition, Orkla will be a major employer in India, owning nine factories in six states which cater to the whole of India as well as…
FCPT acquires Starbucks property for $2.3 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rate in range with FCPT’s previous investments. FCPT,…
Spectrio acquires Enplug
TAMPA: Spectrio has acquired Enplug, a digital signage company based in Culver City, California. The acquisition enhances Spectrio’s robust digital communications platforms, adding enterprise-level management features to meet the needs of global organizations, as well as expanding integrations to enhance the customization of brand communications. Enplug’s plug-and-play digital signage solution features an intuitive online content…
IRi announces Kirk Perry as next President and CEO
CHICAGO: IRi announced the appointment of Kirk Perry, Google’s President of Global Client & Agency Solutions, as President and CEO and a member of its Board of Directors, effective May 17, 2021. Mr. Perry succeeds Andrew Appel, who has successfully led a transformation of IRI for nearly a decade. Mr. Appel will remain an Advisor…
Ooredoo announces $750 million deal for sale of 4,200 telecoms towers in Indonesia
DOHA: Ooredoo Q.P.S.C. announced that its Indonesian operating company, PT Indosat Tbk. (Indosat Ooredoo), has signed a sale and leaseback agreement with PT EPID Menara AssetCo (Edge Point Indonesia) for more than 4,200 telecommunications towers. PT EPID Menara AssetCo is an Indonesian subsidiary of Edge Point Singapore, which is wholly owned by Digital Colony, a…
Sistema increases ownership stake in OJSC Sintez
MOSCOW: Sistema’s fully owned subsidiary LLC Sistema Telecom Assets has acquired 32.4% of the share capital of OJSC Sintez, a subsidiary of pharmaceutical holding company Binnopharm Group from JSC National Immunobiological Company (Nacimbio). “Increasing our ownership stake in OJSC Sintez is consistent with Sistema’s strategy of strengthening our position on the pharmaceuticals market and transforming…
Sistema PJSFC
Sistema PJSFC (LSE: SSA, MOEX: AFKS) is a publicly traded Russian investment company with a diversified portfolio of assets serving over 150 million customers in the sectors of telecommunications, high technology, banking, retail, e-commerce, timber processing, agriculture, real estate, hospitality and healthcare. The company was founded in 1993. Its revenue in 2019 reached RUB 656.9bn,…
Mobile Streams provides funding to Quanta Media Group
LONDON: Mobile Streams plc, announced that initial work with Quanta Media Group Holdings has uncovered significant additional areas of synergy and opportunity. Quanta is a developer of high-quality sports and iGaming related product, content and destinations which it expects to launch in the next quarter. The company was founded by industry veteran, Andrew Deeks, in…
Achilles Therapeutics prices its ADS at an IPO rate of $18
LONDON: Syncona Ltd’s portfolio company Achilles Therapeutics plc has announced the pricing of its initial public offering (IPO) in the United States of 9.75 million American Depositary Shares (ADSs), at an initial public offering price of $18 per ADS for total gross proceeds of approximately $175.5 million. All ADSs sold in the IPO were offered…
PetroTal announces export of Bretena crude oil, price derivative contracts
CALGARY: PetroTal Corp. announced the second export of Bretana crude oil into the Atlantic region through Brazil and the execution of crude oil price derivative contracts. Executed Corporate Hedging Contract In order to support the 2021 capital development program and mitigate Brent oil price downside risk prior to oil delivery, PetroTal has executed a 590,252…