PARIS, FRANCE: French government has agreed to authorize the return of duty-free sales on its French terminal. A quality process, led by the authorities, has restored a balanced and fair competition between the cross-Channel carriers. With the anticipated progressive return of passenger travel, duty free opens the way to higher traffic levels that will support…
Standard Drilling Plc to sell Standard Olympus for $7.5 million
LIMASSOL, CYPRUS: S.D. Standard Drilling Plc has entered into a Memorandum of Agreement (MOA) to sell Standard Olympus for USD 7.5 million. Through its wholly owned subsidiary Standard Olympus AS, S.D. Standard Drilling Plc, has agreed to sell Standard Olympus for gross USD 7.5 million. The sale of Standard Olympus will result in a gain…
Pollen Street & DBAY owned Bidco to buy Proactis Holdings for £74.9mn
LONDON, UK: Pollen Street Capital and DBAY owned Café Bidco Limited has agreed to acquire Proactis Holdings plc at approximately £74.9 million on a fully diluted basis, a news release said. Under the terms of the acquisition, each Proactis shareholder will be entitled to receive 75 pence in cash for each Proactis Holdings share. On…
Six Bidco Ltd to acquire Sigma Capital Group for £188.4 million
LONDON, UK: The boards of Six Bidco Ltd and Sigma Capital Group plc have reached agreement; accordingly Six Bidco will acquire entire share capital of Sigma for £188.4 million on a fully diluted basis, a news release said. Under the terms of the acquisition, each Sigma Shareholder will be entitled to receive 202.1 pence in…
Baltic Classifieds Group announces share sales and listing on London Stock Exchange
LONDON, UK: Baltic Classifieds Group (BCG) intends shares sales on the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange. The final offer price in respect of the share sales (Offer Price) will be determined following a book-building process,…
Grainger plc acquires The Forge in New Castle for £57 million
LONDON, UK: Grainger plc, the UK’s largest listed residential landlord with 9,109 operational rental homes and a further 8,851 in its £2.1bn pipeline, has acquired The Forge, a stabilised income producing Build-to-Rent (BTR) asset comprising 283 rental apartments and a ground floor commercial unit via a corporate acquisition for £57m from Moorfield Real Estate Fund…
Supreme Plc to acquire Vendek Limited for a total of up to €1.82 million
LONDON, UK: Supreme Plc announced the acquisition of Vendek Limited, a leading Dublin-based distributor of batteries and lighting products, for an initial consideration of €1.07 million plus deferred consideration and a performance related earn-out of up to €0.75 million in aggregate. Vendek operates exclusively within Ireland, distributing battery and lighting products under the Osram, Panasonic…
Seraphim Space Investment Trust plans IPO on London Stock Exchange
LONDON, UK: Seraphim Space Investment Trust PLC announced its intention to launch an initial public offering (IPO) on the Premium Segment of the Official List of the FCA and to begin trading on the main market of the London Stock Exchange. The Company expects to publish a prospectus in the coming weeks, a news release…
Henri Tausch appointed CEO of American Pacific Borates Limited
SYDNEY, AUSTRALIA: American Pacific Borates Limited (ASX:ABR) has appointed Henri Tausch as the Company’s new Chief Executive Officer, commencing 9 August 2021, a news release said. It is the intention of the Board to appoint Henri as the Managing Director of the Company in the short term to coincide with a planned complementary listing in…
Hexagon Purus enters partnership with Velocity Vehicle Group
OSLO, NORWAY: Hexagon Purus has entered a partnership with Velocity Vehicle Group (VVG), a leading group of commercial vehicle dealers in the US, to deliver battery packs and powertrain integration for medium-duty battery electric trucks in California based on Freightliner’s class 6 M2 platform. The first deliveries are expected to take place in Q4 2021….
Shawn Johnson appointed Chief Executive Officer of AMP Capital
AUCKLAND, NEW ZEALAND: AMP Limited announced the appointment of Shawn Johnson as the Chief Executive Officer (CEO) of AMP Capital. Mr Johnson served as Senior Managing Director and Chairman of the Investment Committee of State Street Global Advisors (SSGA) for almost a decade. In this role, he had global oversight and responsibility for over 450…
Henrik Höjer appointed CEO of CTT Systems
STOCKHOLM, SWEDEN: CTT Systems AB has appointed Henrik Höjer as new CEO to succeed Torbjörn Johansson when he retires on April 1 2022, a news release said. Henrik Höjer is currently Senior Vice President at RUAG Simulation & Training. Henrik Höjer is 55 years old and is since 2017 Senior Vice President at RUAG Simulation…