DUBLIN: Aon plc (NYSE: AON) and Willis Towers Watson (NASDAQ: WLTW) have signed a definitive agreement to sell Willis Re and a set of Willis Towers Watson corporate risk and broking and health and benefits services to Arthur J. Gallagher & Co. for a total consideration of $3.57 billion. The agreement resolves questions raised by the…
B&G Foods appoints Kenneth C. “Casey” Keller as new President and CEO
PARSIPPANY: B&G Foods Inc. (NYSE: BGS) has appointed Kenneth C. “Casey” Keller, age 59, as its next President and Chief Executive Officer, effective June 14, 2021. Mr. Keller will succeed B&G Foods’ Interim President and Chief Executive Officer, David L. Wenner, who will remain a director of the Company and will work closely with Mr….
Arcadis Gen launches new platform to expand access to advanced analytics
AMSTERDAM: Arcadis NV announced that Arcadis Gen, its global digital business that provides data-driven products and solutions across the natural and built environment, has launched AppliedInsight. The application is a Software as a Service (SaaS) analytics platform and an online marketplace designed to make advanced asset analytics available to organizations of any size. Organizations in…
Toyota Motor to buy back JPY 250 billion worth of shares
LONDON: Toyota Motor Corporation (TMC) has announced that the company would repurchase 41 million shares of its common stock, which represents 1.46 percent of the total number of issued shares. The JPY 250 billion repurchase of Toyota Motor Corporation (TMC) shares would begin from June 18, 2021 to September 30, 2021. To promote capital efficiency, …
Karolis Lesickas appointed as CEO of Franmax, a Maxima Grupė subsidiary
LONDON: As of 12 May, Karolis Lesickas becomes the CEO of Franmax, a subsidiary of Maxima Grupė, which provides IT development, support and maintenance services to the group companies. Karolis Lesickas is replacing Karolis Ceizaris who headed Franmax and now joins the team engaged in e-commerce development projects at Vilniaus Prekyba group. “Maxima Group is…
Binnopharm Group increases stake in Sintez to 88.6%
MOSCOW: Sistema’s fully owned subsidiary LLC Sistema Telecom Assets has contributed its 32.4% stake in OJSC Sintez to the authorised capital of LLC Binnopharm Group. Following the transaction, Binnopharm Group has increased its stake in OJSC Sintez to 88.6%. As a result, the effective stake in Binnopharm Group owned by Sistema together with VTB, Sistema’s…
Zoran Covic to resign as CEO of Ework Group
STOCKHOLM: Zoran Covic has expressed his intention before Board of Ework Group AB that he, after nine years with the group of which seven as CEO, wishes to resign from his position. Zoran Covic has not tendered a formal letter of resignation, but only expressed his intentions, in order to facilitate a smooth succession. He…
Sentica sold its shareholding in Solteq Plc for EUR 22.5 million
COPENHAGEN: According to a press release issued by Sentica Partners Oy today, the funds managed by Sentica, consisting of Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky, have sold all of their shareholdings in Solteq Plc. Sentica has sold today a total of 4,801,293 shares in Solteq to a group of institutional investors…
Nenelite Limited (Bidco) agrees to acquire UDG Healthcare in a £2.611 deal
LONDON: Nenelite Limited (Bidco), an Affiliate of Clayton, Dubilier & Rice LLC (CD&R), will acquire the entire issued and to be issued share capital of UDG Healthcare. The acquisition values the entire issued and to be issued share capital of UDG Healthcare at approximately £2.611 billion and implies an enterprise value of £2.777 billion. Bidco…
Horisont signs MoU with TGS for Carbon Capture and Storage collaboration
SANDNES: Horisont Energi has signed a Memorandum of Understanding (MOU) with TGS, a global provider of energy data and intelligence, to jointly develop new Carbon Capture and Storage (CCS) technologies. The MOU between the companies signifies a unique collaborative effort to identify and develop efficient methods for both the identification and classification of CO2 storage…
Kalera AS moves towards a U.S. listing of its shares
ORLANDO: Kalera AS announced that it moves towards a US listing of its shares on Nasdaq, which is expected in second half 2021. Kalera continues to work with its financial advisors in connection with the US listing process. Kalera has also engaged Milbank (U.S.), Thommessen (Norway) and Stibbe (Luxembourg) as counsel to the company. As…
Future plc announces acquisition of Marie-Claire US
LONDON: Future plc (LON: FUTR) announced the acquisition of Marie Claire US, a joint venture between Marie Claire Album S.A.S. (MCA) and Hearst Magazines Media Inc. Future has entered into a five year license agreement with MCA to operate in the US and Canada. Marie Claire US reached 17.5 million monthly online users in 2020…