PARIS: Jacques Bogart has submitted a firm offer to acquire a portion of the assets of fragrance boutique chain Nocibé in France, a news release said. Nocibé posts turnover of around €1 billion through a chain of around 600 sales outlets in France. At the start of the year, brand owner Groupe Douglas announced the…
Yew Grove REIT acquires properties in Dublin for €8 million
LONDON: Yew Grove REIT plc (LON:YEW) has exchanged contracts for the purchase of an industrial building in Dundalk and two adjoining office properties in Citywest Dublin. In Dundalk, the Company has exchanged contracts on Tanola House on Coes Road, Dundalk, a recently constructed high bay industrial building of 86,451 sq. ft. over two adjoining blocks….
LondonMetric Property announces £13.5 million property acquisitions
LONDON: LondonMetric Property Plc announced the acquisition of two vacant London warehouse assets in Brent Cross and Streatham for a combined purchase price of £13.5 million. The Company has agreed a new 20 year lease with Jacuna Kitchens across c.75% of the combined space. Jacuna will operate c.100 dark kitchens across both locations and LondonMetric…
Sensyne Health signs strategic research agreement with St. Luke’s University Health Network
DELAWARE: Sensyne Health plc (LON: SENS) has signed its first Strategic Research Agreement (SRA) in the United States of America with St. Luke’s University Health Network, a leading U.S. health system serving patients in Pennsylvania and New Jersey. The agreement will enable the ethical application of clinical AI research to improve patient care and accelerate…
AstraZeneca COVID-19 vaccine Vaxzevria authorised for emergency use in Japan
LONDON: AstraZeneca‘s COVID-19 vaccine, Vaxzevria, formerly AZD1222, has been granted a special approval for emergency use in Japan for active immunisation of individuals aged 18 years and older, to prevent COVID-19 caused by SARS-CoV-2. The Japanese Ministry of Health, Labour and Welfare granted the approval based on positive Phase III efficacy and safety data from…
Biffa Plc to acquire collection and recycling business of Viridor Waste Management for £126 million
LONDON: Biffa plc (LON: BIFF) has entered into an agreement to acquire the collections business and certain recycling assets from Viridor Waste Management Limited for a cash consideration of £126 million. This acquisition expands Biffa’s collections business and recycling capabilities while solidifying its leading position in UK sustainable waste management. Completion is expected no earlier…
Ryman Group CEO Gordon MacLeod to resign
AUCKLAND: Ryman Healthcare Group Chief Executive Officer (CEO) Gordon MacLeod will be leaving the company after 15 years in senior roles, a news release said. Gordon joined Ryman as Chief Financial Officer (CFO) in January 2007, was promoted to Deputy Chief Executive at the end of 2014, and took over as CEO in June 2017….
PSX proposes to address structural imbalances in country’s economic system
KARACHI: Pakistan Stock Exchange (PSX) has presented important budgetary proposals for 2021-22 to boost economic growth and address key structural imbalances in Pakistan’s economy. The stock market is one of the most documented sectors of the economy. All capital market participants are fully documented; hence developing the capital markets is fully aligned with FBR’s efforts…
Integrated Diagnostics Holdings shares begin trading on Egyptian Exchange
LONDON: Integrated Diagnostics Holdings (IDH) announced that its EGP-denominated and dual-listed ordinary shares begin trading today on the Egyptian Exchange (EGX) under the ticker code IDHC.CA complementary to its trading on the London Stock Exchange. Trading began after Integrated Diagnostics Holdings (IDH) has satisfied all regulatory approvals for its technical listing on the EGX without any…
Abu Dhabi Ship Building to build patrol vessels for UAE Navy
ABU DHABI: Abu Dhabi Ship Building PJSC signed a dual currency contract to build four Falaj 3-class Offshore Patrol Vessels for the UAE Ministry of Defence and the UAE Navy. There is the opportunity for a furthercontract under the Program for integrated logistics support (ILS) and spare parts supply which could take the total program…
Savills plc acquires remaining 75% in DRC Capital LLP for up to £60 million
LONDON: Savills plc investment management business, Savills Investment Management (Savills IM), has agreed to acquire the remaining 75% of member interests not already owned by it in DRC Capital LLP (DRC), the European Real Estate Debt Manager. Savills IM acquired an initial 25% member interest in DRC in September 2018, at which time it was…
Mapletree Industrial Trust acquiring $1.32 billion data centre portfolio in the United States
SINGAPORE: Mapletree Industrial Trust (MIT) has entered into a purchase and sale agreement to acquire 29 data centres located across 18 states in the United States at a purchase consideration of $1.32billion from Sila Realty Trust Inc., a news release said. As the world’s largest and most established data centre market, United States accounted for…