LONDON: LondonMetric Property Plc announced that it has exchanged contracts to sell two offices in Scotland to a single buyer for £36.6 million, reflecting a blended NIY of 7.0%. The sales are former LXi assets and comprise: Separately, LondonMetric has sold a former LXi care home in the West Midlands for £0.5 million. LondonMetric has…
Atrato Onsite Energy acquires portfolio of solar PV systems for £9.3 million
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, announced the acquisition of a fully operational portfolio of solar PV systems for a total consideration of £9.3 million. The portfolio includes three solar assets with a total capacity of 13MW with a 10-year average remaining contracted term and comprises:…
Checkit Plc offers to acquire Crimson Tide for £12 million
Checkit Offer update and receipt of possible cash offer from Ideagen LONDON, UK: Checkit Plc, the augmented workflow and smart sensor automation company for frontline workers, has approached board of Crimson Tide offering to acquire the entire issued and to be issued share capital of Crimson Tide. Under the terms of the possible offer, each…
Invinity Energy Systems expands UK manufacturing to 500 MWh per year
LONDON: Invinity Energy Systems plc (AIM: IES), a leading global manufacturer of utility-grade energy storage, has leased an additional manufacturing facility in order to meet the growing demand for long-duration energy storage in the UK. The 26,000 sq. ft (2,415 m2) facility located in Motherwell, North Lanarkshire is c.6 times the size of the Company’s…
AuthuSign revolutionizes E-Signatures with secure, privacy-centric platform
AuthuSign, a pioneering e-signature platform, announced its soft launch, offering a groundbreaking solution that prioritizes both security and privacy. Built on the innovative Commitment to a Document Hash (CDH) approach powered by the Ethereum blockchain, AuthuSign empowers businesses and individuals to sign agreements electronically with unparalleled security and confidentiality. “Traditional e-signature solutions often have limitations,”…
Emaar announces AED 1.5 billion expansion of Dubai Mall
DUBAI: Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5 billion dirhams, and the contractor is already mobilising on-site. Announcing the impressive enhancement, Mohamed Alabbar stated, “The new Dubai Mall expansion is a great addition…
International Islamic Trade Finance Corporation signs mutual business cooperation with Qatar Development Bank
DOHA: The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Qatar Development Bank (QDB) have announced the signing of a Memorandum of Understanding (MoU) to bolster mutual business cooperation. The MoU aims to support QDB’s SME Export Development Program and enhance the capabilities of Qatari entrepreneurs and innovators, as well as small and medium enterprises…
Euronext has acquired 75% of Global Rate Set Systems (GRSS)
Euronext, the leading pan-European market infrastructure, today announced that it has completed the acquisition of 75% of the share capital of Global Rate Set Systems (GRSS), a leading provider of services to benchmark administrators. In 2023 (YE March), GRSS generated NZ$14.9m (€8.6m) in revenue. Euronext’s acquisition of GRSS expands and enhances its index franchise, positioning…
Axway signs binding agreements to acquire Sopra Banking Software
PARIS: Axway announced that on May 31, 2024 it has signed an agreement to acquire most of Sopra Banking Software’s activities, representing, on a stand-alone basis, revenue of €359m. Axway’s Board of Directors approved the signing of the purchase agreement on the basis of a review by an independent expert (Cabinet Finexsi, whose report is…
Norske Skog evaluates constructing NOK 2.0bn pulp production facility in Halden
OSLO, NORWAY: Norske Skog will initiate a main study aiming to enter the bleached chemi-thermomechanical pulp (BCTMP) market by starting production at Norske Skog Saugbrugs in Halden. The rockslide at Saugbrugs in April 2023 causing heavy damages on the PM6 machine, released available termo-mechinalcal pulp capacity that can be utilised to produce BCTMP (bleached chemi-thermomechanical…
Mutares has acquired FSL Ladenbau GmbH
MUNICH: Mutares SE & Co. has successfully completed the acquisition of FSL Ladenbau GmbH from shareholders Christian Füßer, Marion Füßer and Guido Krümpel. The transaction will strengthen the Ganter Group, a general contractor and expert in high-quality interior finishing, as a new add-on acquisition. Founded in 1973 and based in Westerstede, Germany, FSL Ladenbau is…
Gaming Innovation Group acquires Casinomeister for EUR 3 million
OSLO, NORWAY: Gaming Innovation Group Inc. (GiG) announced the strategic acquisition of Casinomeister, a pioneering online casino advocacy and review platform. The transaction is structured as an asset purchase for Euro 3 million. GiG expects to close the transaction in June. The acquisition will have an immediate positive financial impact, expected to increase going forward…