LONDON, UK: Unite Students announced the disposal of two London properties to its London Student Accommodation joint venture (LSAV) with GIC for £342 million (Unite share £171 million), in line with book values and reflecting an average net initial yield of 4.0%. The properties are located in Wembley and Whitechapel and offer 1,358 bed spaces,…
NAB agrees to settle US BBSW class action complaint
SYDNEY, AUSTRALIA: National Australia Bank Limited (NAB) today announced it had reached an agreement to settle a class action commenced in the United States in 2016. The class action in which NAB and multiple other financial institutions were named as defendants relates to the Bank Bill Swap Rate (BBSW) and the trading of BBSW-based products….
HUTCHMED launches Hong Kong initial public offering (IPO)
HONG KONG: HUTCHMED (China) Limited announced the launch of its Hong Kong initial public offering (IPO), which forms part of the global offering of 104 million new ordinary shares and the proposed primary listing of its ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “13”….
Kerry selling Consumer Foods’ Meats and Meals business to Pilgrim’s Pride Corporation for €819 million
LONDON, UK: Kerry Group plc has reached agreement to sell its Consumer Foods’ Meats and Meals business in the UK and Ireland to Pilgrim’s Pride Corporation for a cash consideration of €819m, a news release said. The Meats and Meals business is a best-in-class provider of convenience food solutions, with leading brands and longstanding relationships…
Production has started Gråsel in the Skarv area
OSLO, NORWAY: Operator Aker BP and the partners in Skarv (Equinor, Wintershall Dea and PGNiG) report that production has started from Gråsel in the Skarv area, four months ahead of the original schedule. “I’m very proud of the project team and our alliance partners: Only six months have passed since the joint venture decided to…
Brighton Pier Group acquires Lightwater Valley Attractions for £5 million
LONDON, UK: The Brighton Pier Group PLC has acquired the entire share capital of Lightwater Valley Attractions Limited for a consideration of up to £5 million payable in cash, a news release said. The acquisition will be funded from a £2 million extension to the Group’s revolving credit facility and existing cash resources. The transaction…
Voyager Life Plc formally applies for admission to Aquis Stock Exchange
PERTH, SCOTLAND: Voyager Life Plc, Cannabidiol (CBD) and hemp seed oil producer, has formally applied for admission to the Aquis Stock Exchange (AQSE) Growth Market (Access Segment), as it prepares to open its first store and extend its product range, a news release said. Voyager was founded by chief executive Nick Tulloch in November 2020, to capitalise on the…
Nornickel’s Palladium Fund launches first nickel and copper ETCs on LSE
MOSCOW, RUSSIA: Norilsk Nickel Group (Nornickel), the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announced that the Global Palladium Fund (GPF), founded by Nornickel, has launched Exchange Traded Commodities (ETC) for nickel and copper on the London Stock Exchange (LSE) giving markets unique access to low-cost base…
AIDA Cruises will sail new world cruise
ROSTOCK, GERMANY: AIDA Cruises today announced that AIDAsol will sail its first world cruise in winter 2022-2023, a 117-day adventure that includes rounding Cape Horn and the Cape of Good Hope and visiting destinations such as Glacier Alley, Tierra del Fuego, Mauritius, Cape Town and New Year’s Eve in Sydney. In addition to popular destinations, AIDAsol will…
Claes Poulsen appointed CEO of Otiga Group
OSLO, Norway: Hilde Lekven is today resigning from her position as CEO of Otiga Group after four years in the position. Hilde Lekven moves to a new position in the Adolfsen system. Claes Poulsen will be appointed as the new CEO of the group with immediate effect. Claes Poulsen has been employed as CFO in…
Valeo and Navya step up collaboration in the field of autonomous shuttles
PARIS, FRANCE: Valeo and Navya have decided to step up their technological and industrial collaboration in the field of autonomous shuttles, a news release said. The Navya shuttles (180 units sold as at December 31, 2020) which are operated worldwide are already equipped with Valeo technologies. The aim is to ramp up the Research and…
Wise plans IPO on London Stock Exchange
LONDON, UK: Wise, the global technology company, is considering applying for admission by way of a direct listing of the shares to the standard listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange. Kristo Käärmann, CEO and co-founder of Wise, said: “Wise is…