OSLO: Heimstaden Bostad has bought a newbuild portfolio with 2,496 homes in Poland for SEK 3.1 billion from leading Polish residential development company, Budimex. The portfolio is located in five of the largest cities in Poland: Warsaw, Krakow, Wroclaw, Poznan and Gdansk, economic hubs in their regions, encompassing Poland’s most populated and prosperous areas. “This…
OMERS to acquire 25% stake in International School Partnership (ISP), a EUR 1.9 billion entity
GUERNSEY: OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, has agreed to acquire a 25% stake in International Schools Partnership (ISP). The transaction values ISP at an enterprise value of EUR 1.9 billion. Partners Group, the investment manager of Princess Private Equity Holding Limited is expanding the shareholder base…
Pakistan textile exports surge 231% in April 2021
Pakistan’s textile exports increased by 231% YoY in Apr-2021, where such impressive growth (or rather, recovery) was always on the cards, given the lockdowns last year as business activities remained curtailed. Among the major value-added categories, growth was most rampant in garments (297% YoY), knitwear (274% YoY), bed-wear (212% YoY). Similarly, cotton cloth (200% YoY)…
Peak Minerals executes binding agreement for CU2 acquisition
SYDNEY: Peak Minerals Limited (ASX: PUA) has signed a binding agreement to acquire 100% of the shares in CU2 WA Pty Ltd, following the Company’s successful completion of due diligence reviews on CU2. The Company will now work towards completion of all remaining conditions precedent for the CU2acquisition, including seeking any required shareholder approvals. Commenting…
Fragrant Prosperity Holdings to acquire CiiTECH Ltd for £17.5 million
LONDON: Fragrant Prosperity Holdings Limited has signed a letter of intent in relation to the potential acquisition of CiiTECH Ltd, a leading cannabis wellness company based in the UK and Israel. Under the LOI, FPP has conditionally agreed to acquire CiiTECH for a consideration of £17.5 million to be satisfied by the issue of Ordinary…
Excluding Chinese vendors from Sweden 5G auction criticized
STOCKHOLM: There is a risk that the decision by the Post and Telecommunication Authority (PTS) to exclude Chinese vendors’ products from the 5G auction in Sweden may adversely impact the economic interests of Sweden and Swedish industry, including those of Ericsson. This risk has been included in the risk factors in Ericsson’s EMTN prospectus. The…
Michael Berglin is appointed CEO of Serneke Group
STOCKHOLM: The Board of Directors of Serneke Group has appointed Michael Berglin as President and CEO. Michael has had the role of acting CEO since February this year and will take up his permanent role immediately. The decision regarding the CEO position in Serneke Group has been preceded by an extensive and thorough recruitment process….
Global Ports Holding signs $261 million loan agreement with Sixth Street
LONDON: Global Ports Holding Plc (LON: GPH) has entered into a five-year, senior secured loan agreement for up to $261 million with the leading global investment firm Sixth Street. This new investment from Sixth Street will strengthen GPH’s balance sheet and provide flexible growth capital for GPH to pursue expansion opportunities at a dynamic juncture…
Marlowe plc acquires Cylix Limited for an enterprise value of £1 million
LONDON: Marlowe plc (LON: MRL), the UK leader in business critical services and software which assure safety and regulatory compliance, has acquired eLearning software platform Cylix Limited (Cylix) for an enterprise value of £1 million. Cylix, established in 2002, is based in Bath and provides accredited equality, diversity, wellbeing and health & safety eLearning courses…
£300 million investment to get Britain ready for more electric transport and heat
LONDON: Ofgem is today powering the electric vehicle revolution, with motorway service areas and key trunk road locations across the country set to get the cabling they need to install 1,800 new ultra-rapid charge points, tripling the current network. A further 1,750 charge points will be supported in towns and cities. As drivers make the…
Euromoney Institutional Investor acquires RelSci for $7.4 million
LONDON: Euromoney Institutional Investor PLC (LON: ERM) has acquired the Relationship Science (RelSci) for $7.4 million, a news release said. RelSci is a global relationship-mapping data provider serving financial, professional services and not-for-profit organisations. Its platform contains over 9 million profiles of global business leaders and senior management, and its proprietary software enables clients to…
JSW Steel is not bidding to buy Liberty Steel’s assets
MUMBAI: JSW Steel Limited has refuted the reports regarding bidding to buy Liberty Steel’s assets in UK. “It is hereby clarified that such reports stating about the JSW Steel’s interest in bidding/buying Liberty Steel’s assets are not only speculative but also misleading and mischievous”. JSW Steel Ltd. is the flagship company of the JSW Group…