OSLO: Moody’s Investor Service has upgraded Sbanken’s rating for long-term deposits to A2 from A3, with the outlook remaining – Positive. The upgrade is driving by the expectation that the bank will issue additional loss-absorbing instruments, mainly in the form of senior non-preferred (SNP) debt), following the receipt of Minimum Requirement for Own Funds and…
Play Magnus Group acquires Interchess BV, operator of New In Chess
OSLO: Play Magnus Group expands its industry-leading library of chess content with the acquisition of Dutch chess publisher, Interchess BV, which operates the New In Chess brand. New In Chess has built a world-class library of chess content comprising books, ebooks, digital subscriptions, and magazines. New In Chess has published over 200 titles, including best-sellers…
Jan Haglund leaves Komplett Bank to become CEO of Entercard
OSLO: Komplett Bank ASA CEO Jan Haglund has given notice to the Board of Directors to resign his position. He will take on the position as the CEO of Entercard in Sweden. Mr. Haglund will carry on his duties as CEO of Komplett Bank until the end of the second quarter this year. Exact timing…
Metsä Group chooses Zalaris for multi-country payroll and outsourcing of employees in 28 countries
OSLO: Zalaris ASA has signed a five-year agreement with Metsä Group to deliver Multi-Country Payroll technology and outsourcing services for 10,000+ employees operating in 28 countries. Reference is made to the announcement on 26 January regarding the signing of an agreement with a leading Nordic multinational company. The agreement with Metsä Group, which is one…
Ferguson Plc completes Wolseley UK disposal
LONDON: Ferguson Plc confirmed the completion of the disposal of Wolseley UK, its plumbing and heating distribution business, to Clayton, Dubilier and Rice. The Company previously announced its intention to return substantially all of the net proceeds of the disposal to shareholders by way of a special dividend. Ferguson expects to provide further details regarding…
Lok’nStore Group announces acquisition of trading store and sale of land
LONDON: Lok’nStore, the fast-growing self-storage company, has acquired the Lok’nStore managed store in Chichester and sold its freehold land site at Pantheon Park, Wolverhampton. The five-year old Chichester Store will be acquired for £4.025 million (as independently valued by Jones Lang LaSalle Limited). The Company will pay in aggregate, approximately £4.16 million in cash with…
JD Sports Fashion signs conditional agreement to buy DTLR in the US
LONDON: JD Sports Fashion Plc has entered into a conditional agreement for the acquisition of 100% of DTLR Villa LLC. Based in Baltimore, Maryland, and currently majority owned by BRS & Co. and Goode Capital, DTLR was established in 1982 and is a hyperlocal athletic footwear and apparel streetwear retailer. Originally named Downtown Locker Room,…
Gresham House increases operational portfolio to 395MW
LONDON: Gresham House Energy Storage Fund has completed the acquisitions of a 35MW battery project located in North Shields, Tyne and Wear and a 10MW battery project located in Essex. This transaction follows GRID’s recent acquisitions of two 50MW projects (Wickham and Thurcroft) and the 25MW Tynemouth project. The Projects are both operational battery-only sites…
FastForward Innovations makes investment in South West Brands Limited
LONDON: FastForward Innovations Ltd has invested £250,000 in South West Brands Limited, a London-based, group that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. The Investment is by way of a two year, 6%, Convertible Loan Note (‘CLN’) as part of a funding round by SWB…
Euromoney Institutional Investor buys The Jacobsen for $12.25 million
LONDON: Euromoney Institutional Investor PLC has announced the acquisition of The Jacobsen for $12.25 million. Euromoney is the global B2B information services provider of price discovery, essential market intelligence and events. The Jacobsen is a Price Reporting Agency (PRA) providing price assessments and forecasts primarily in North American markets, including coverage of animal fats, feeds…
MightyHive acquires assets of Datalicious
LONDON: S4 Capital plc announced that MightyHive has acquired the assets of Datalicious, a leading Google Marketing Platform, Google Cloud and Google Analytics partner in Asia Pacific. The purchase from Equifax Inc (EFX) adds talent, clients and further Data capabilities in Australia, New Zealand and India. Datalicious is a specialised data and analytics consultancy, helping…
Sportech announces sale of Bump Worldwide for CN$10 million
LONDON: Sportech Plc, an international betting technology business, has entered into a conditional agreement to sell its Bump Worldwide Inc. business to Canadian Bank Note Company Limited for gross consideration of CN$10 million, which includes a CN$2 millionearn out related to performance in 2022. The sale is anticipated to complete during Q2-2021 and net proceeds…