LONDON: TI Fluid Systems plc announced that William L. Kozyra will retire as President and Chief Executive Officer and step down from the Board of Directors in the fourth quarter of this year. Hans Dieltjens will take on the role of Chief Operating Officer effective 1 March 2021 as a transitional step towards becoming Chief…
Supermarket Income REIT buys Sainsbury’s supermarket in Northern Ireland for £24.8 million
LONDON: Supermarket Income REIT announced the acquisition of a Sainsbury’s supermarket in Bangor, County Down, Northern Ireland, from John Morgan Estates Limited. Developed in 2011, this prominent 10-acre site comprises a modern 44,000 sq ft net sales area supermarket with 650 parking spaces and an 8-pump petrol filling station. The supermarket has been acquired with…
Ariana Resources completes joint venture with Özaltin Holding and Proccea Construction
LONDON: Ariana Resources plc announced the completion of its transformational joint venture with Özaltin Holding A.S. and Proccea Construction Co. following the satisfaction of all conditions precedent. Expanded joint venture with Özaltin and Proccea involves the partial disposal of the company’s interests in Turkey in exchange for US$37.75 million in cash before costs and taxation…
PetroTal completes $100 Million senior secured bond issue
CALGARY: PetroTal Corp. announced that on February 16, 2021 it completed the issuance of the $100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and will be used to retire the existing derivative liability with Petroperu, continue development of the…
Signature Aviation sells ERO business to StandardAero for $230 million
LONDON: Signature Aviation plc has reached agreement with StandardAero on the terms of the sale of the Engine Repair and Overhaul (ERO) business for $230 million subject to customary adjustments for net debt, net working capital and transaction expenses, a news release said. ERO is a leading engine service provider to global business and general…
S-Ventures acquires Ohso Chocolate in a share exchange deal
LONDON: S-Ventures Plc has acquired 75.1% interest in Ohso Chocolate Limited through the issue of 3.281 million ordinary shares in S-Ventures to the shareholders of Ohso Chocolate, equating to approximately £295,400 at a price of 9p per share, a news release said. S-Ventures has granted certain options to the founders of Ohso Chocolate, Andrew Marten…
BW Offshore invests EUR 60mn to become strategic owner of Ideol S.A.
OSLO: BW Offshore Limited has signed a share purchase agreement to become a strategic owner of Ideol S.A., a global pure player in floating offshore wind technology. BW Offshore to invest EUR 60 million to attain a strategic stake in BW Ideol. BW Ideol is planning to seek admission to trading on Euronext Growth Oslo…
IPO: Cellular Goods Plc begins taking investor orders
LONDON: Cellular Goods PlC began taking investor orders in an initial public offering on the London Stock Exchange. Shares in the U.K.-based company’s offering are marketed at 5 pence apiece, according to a pathfinder prospectus published Monday. The IPO is expected to raise 8 million pounds ($11 million), with Cellular Goods looking to use proceeds…
CMA objects Adevinta’s proposed acquisition of eBay Classifieds Group
OSLO: Adevinta ASA has confirmed that the UK Competition and Markets Authority (CMA) has announced that it has concerns that Adevinta’s proposed acquisition of eBay Classifieds Group from eBay Inc could reduce competition in the UK, following its Phase 1 review. Adevinta and eBay now have the opportunity to propose potential remedies to avoid the…
Arctic Bioscience plans NOK 250 million private placement, listing on Euronext Growth Oslo
ØRSTA: Arctic Bioscience AS has engaged ABG Sundal Collier ASA and DNB Markets as joint global coordinators and joint bookrunners for a contemplated private placement raising gross proceeds of NOK 250 million and admission to trading of the Company’s shares on Euronext Growth Oslo. Arctic Bioscience is a biotech company founded based on specialised know-how…
Playtech signs strategic agreement with Greenwood Racing Inc.
LONDON, UK: Playtech plc has signed strategic agreements with various subsidiaries of Greenwood Racing Inc., which own and operate the Parx Casino in Bensalem, Pennsylvania, a news release said. The agreements include licensing of Playtech products to the Greenwood companies in the states of Michigan, Indiana, New Jersey and Pennsylvania, commencing with the launch of…
Upper Thames announces new blockchain strategy and equity raise
LONDON: Upper Thames Holdings announced several significant developments today that will see a move towards an exciting future into the global Blockchain sector. Excluding derivatives, the global crypto currency markets are now around USD1.5 trillion dollars. To put this in context there are only 16 stock exchanges in the world with a value over USD1…