LONDON: Vodafone Group and Vodafone GmbH in consultation with Vantage Towers AG and the underwriters have set a final offer price of €24.00 per share for existing ordinary registered shares with no par value offered in Vantage Towers’ initial public offering (IPO). In total, Vodafone is placing 95.833 million shares (including 12.5 million shares to…
National Grid acquires PPL WPD Investments for £7.8 billion, sells Narragansett Electric for $3.8 billion
LONDON: National Grid plc has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution (WPD), for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company (NECO) to PPL Energy Holdings for an equity value of US$3.8 billion. In addition, National Grid announces…
Maintel to sell managed print services business unit to Corona Corporate Group for £4.5 million
LONDON: Maintel Holdings, the leading provider of cloud and managed communication services, has signed a conditional agreement for the sale of its Managed Print Services Business Unit to Corona Corporate Group Limited (CCS) for a cash consideration of £4.5 million. The Disposal is in line with the Company’s strategy of focusing on its transformation to…
Magnora inks partnership with TechnipFMC to develop floating offshore wind projects
OSLO: Magnora ASA and TechnipFMC have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. Reference is made to Magnora’s stock exchange announcement dated 29 January 2021 regarding entering into an agreement with an undisclosed global offshore energy technology and service company to establish a…
Pilbara Minerals launches digital platform to sell concentrate produce
SYDNEY: Pilbara Minerals Limited announced the execution of an agreement with GLX Digital Limited, which introduces a new digital trading and sales platform for Pilgangoora Project spodumene concentrate production. The platform is intended to provide Pilbara Minerals with a further avenue for sales growth, offering interested parties the ability to access current and future unallocated…
Westpac Group sells lenders mortgage insurance business to Arch Capital
AUCKLAND: Westpac Group will sell Westpac Lenders Mortgage Insurance Limited (WLMI) to Arch Capital Group (Arch) and enter into a 10-year exclusive supply agreement forArch to provide Lenders Mortgage Insurance (LMI) to the Group. The sale price will be at book value which will be determined at completion. The transaction also includes small, fixed annual…
Caledonia Investments offloads Buzz Bingo to ICG
LONDON: Caledonia Investments has sold its shareholding in Buzz Bingo to Intermediate Capital Group (ICG) for a nominal amount, a news release said. The Covid-19 crisis and the severe restrictions imposed by the Government on leisure sector businesses have led to Buzz’s clubs being unable to trade for much of the past 12 months. Buzz…
Serica Energy announces Columbus development well spud
LONDON: Serica Energy plc announced the spud of the Columbus 23/16f-CDev1 development well in the UK Central North Sea which will be drilled to a total depth of 17,600ft and will include a 5,600ft horizontal section. The well is being drilled with the Maersk Resilient Heavy Duty Jack Up rig and is expected to take…
Intact gets regulatory approval to acquire RSA’s business outside Norway and Sweden
COPENHAGEN: Intact Group has obtained approval from the Danish Competition and Consumer Authority to acquire sole control of RSA’s business outside Norway and Sweden, including the acquisition of sole control of RSA’s Danish business placed in Codan A/S. Today, the Danish Competition and Consumer Authority has announced that approval has been granted to Intact Financial…
Nokia appoints Melissa Schoeb as Chief Corporate Affairs Officer and member of leadership team
ESPOO: Nokia announced the appointment of Melissa Schoeb as Chief Corporate Affairs Officer and member of the Group Leadership Team, effective from 12 April 2021. Nokia’s Chief Corporate Affairs Officer oversees Communications, Government Relations, Brand and Sustainability. Melissa has extensive experience in corporate affairs and joins Nokia from Occidental, one of the world’s largest independent oil…
Rexel acquires 100% of Freshmile Services, 25% stake in Trace Software International
PARIS: Rexel Group has acquired a minority stake in Trace Software International and 100% of Freshmile Services. The ambition underpinning these 2 acquisitions is to complete the current range of software solutions with a new proposition dedicated to the non-residential market to facilitate the daily work of our customers; and offer a full range of…
Gimv acquires majority shareholding in Verkley
BRUSSELS: Gimv has acquired a majority shareholding in Verkley, which specialises in building and maintaining underground cable and pipeline networks for energy and water, a news release said. Gimv has acquired the shares from PMH Investments in Heerenveen.Verkley’s experienced management is also reinvesting. In cooperation with Gimv, Verkley is keen to anchor and expand its…