OSLO: Keliber Oy and leading international mining company Sibanye-Stillwater Limited have entered into an investment agreement for an initial phased equity investment of EUR 30 million for approximately 30% shareholding in Keliber, a news release said. In addition, existing shareholders will be offered to subscribe for shares for up to EUR 10 million on the…
Total farms down two portfolios of renewable assets in France
PARIS: Total SE, through Total Quadran – its 100% renewable electricity production subsidiary in France, farms down respectively to Banque des Territoires and Crédit Agricole Assurances half of its equity in two portfolios of renewable projects. Crédit Agricole Assurances acquires a 50% stake in a portfolio consisting of 9 wind farms (103 MW) and 44…
KKR to acquire Telefónica Chile’s wholesale fiber optic network
NEW YORK: KKR has entered into an agreement with Telefónica, a leading global telecommunications company, to establish Chile’s first open access wholesale fiber optics company with the mission to bring greater broadband access across Chile, a news release said. Under the agreement, KKR will acquire a majority stake in Telefónica Chile’s existing fiber optic network,…
Phoenix Group and Standard Life Aberdeen simplify their partnership to accelerate growth
LONDON, UK: Following the acquisition of Standard Life Assurance Limited (SLAL) from Standard Life Aberdeen plc (SLA) in 2018, Phoenix Group and SLA entered into a strategic partnership to advance the interests of both businesses. At the same time SLA became a leading shareholder in Phoenix and today has a strategic shareholding of circa 14%….
Love Hemp submits novel food dossier to FSA
LONDON: World High Life’s subsidiary Love Hemp Limited has submitted its Novel Food dossier to the Food Standards Agency (FSA). The dossier submitted by Love Hemp is in support of the FSA’s move to regulate a currently unregulated CBD market in the UK. Tony Calamita, CEO of World High Life and Love Hemp, says “We…
First Derivatives sells its majority stake in Quantile Technologies to Spectrum Equity
LONDON: First Derivatives plc (FD) has agreed to sell part of its investment in Quantile Technologies to Spectrum Equity, a growth equity firm. Under the transaction FD will dispose of the majority of its holding in Quantile for cash consideration of £11 million, representing a total gain of £10 million on the initial cost of…
Aviva sells its French business for €3.2 billion to Aéma Groupe
LONDON: Aviva Plc has sold Aviva France to Aéma Groupe for €3.2 billion in cash, a news release said. Key highlights: · Significantly strengthens Aviva’s capital and liquidity with an increase in excess capital3 of c. £2.1bn and centre cash3 of c. £2.8bn · Realises significant value for shareholders: all cash consideration at 0.8x Solvency…
Oneida Hospitality Group appoints Scott McDaniel Chief Executive Officer
LINCOLNSHIRE: Oneida Hospitality Group announced the appointment of Scott McDaniel to Chief Executive Officer starting February 15, 2021. In his role, Scott will lead the management team for both the US and Canadian operations for foodservice and other away-from-home channels. Scott joins OHG after serving as President of TriMark United East since 2018. TriMark is…
TPL Properties to develop Sindh’s first technology park in Karachi
KARACHI: TPL Properties Limited, through its wholly owned Subsidiary G-18 (Private) Limited, has acquired a 10,002 square yards plot in Korangi Industrial Area to develop state-of-art, first ever technology park in Sindh with high end technology facilities. Such infrastructure shall provide a platform to the IT sector across Pakistan. The timeline for the completion of…
Directa Plus signs supply and strategic R&D agreement with NexTech Batteries
LONDON, UK: Directa Plus has signed a supply agreement and a Strategic R&D Agreement with NexTech Batteries Inc. These agreements follow on from the Memorandum of Understanding entered into between the two companies and announced on 26 October 2020. The Supply Agreement has an initial duration of three years, with an option to extend for…
Mitchells & Butlers announces open offer to raise up to £351 million
LONDON: Board of Mitchells & Butlers plc has announced an underwritten fully pre-emptive open offer to raise up to £351 million, a news release said. Background to the Open Offer: · The Group’s liquidity position has deteriorated significantly as a result of the impact of the COVID-19 pandemic and the Open Offer is critical for…
CentralNic Group to acquire Wando Internet Solutions
LONDON: CentralNic Group plc has entered into a binding agreement to acquire Wando Internet Solutions GmbH for an initial consideration of EUR 5.4 million, a news release said. Based in Berlin, Germany, Wando is a technology company operating in the fields of Social marketing, Display advertising and SEM Advertising. In FY2020, Wando generated unaudited revenue…