PARIS: VINCI has announced the signing of an agreement to acquire ACS’s energy business. The transaction price is based on an enterprise value of €4.2 billion. The transaction price is based on an enterprise value of €4.2 billion. It leads to an estimated purchase price at closing of c. €4.9 billion, assuming a closing at…
UKCM disposes Kew Retail Park to UK Housebuilder for £41 million
LONDON: UK Commercial Property REIT Limited, which is managed and advised by Aberdeen Standard Investments, has sold its Kew Retail Park asset in London to a leading UK housebuilder. UKCM will receive a consideration of £41 million for the asset, marginally below the 31 December 2020 book value. Of the complete 10 acre Retail Park,…
UK Commercial Property REIT
UK Commercial Property REIT is a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange. It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in and managing a £1.21 billion (as at 31 December 2020) diversified portfolio. The portfolio has…
Harworth acquires Towngate Business Park for £12.7 million
LONDON: Harworth Group plc announced the acquisition of Towngate Business Park, a multi-let industrial estate in Widnes, Cheshire, from Towngate Plc for £12.7 million. The transaction is in line with Harworth’s strategy of growing its income portfolio to cover its overheads from recurring rental income from investments which also offer value enhancement opportunities. Towngate Business…
Greencoat Renewables buys Glencarbry wind farm from John Laing Group
DUBLIN: Greencoat Renewables Plc has acquired Glencarbry wind farm from John Laing Group, a news release said. Glencarbry is located in County Tipperary, Ireland and consists of 12 Nordex turbines that have been operational since July 2017. The wind farm’s revenues are contracted under the REFIT 2 scheme, providing a long-term guaranteed minimum floor price…
Tribal Group acquires Semestry Limited for upto £6.0 million
LONDON: Tribal Group Plc, a provider of software and services to the international education market, has agreed to acquire the entire issued share capital of Semestry Limited, a supplier of cloud based scheduling and timetabling software to the higher education market. The acquisition if for an initial cash consideration of £4.5 million with a further…
Macfarlane Group acquires Carters Packaging in Cornwall for £4.5 million
LONDON: Macfarlane Group announced the acquisition of Carters Packaging (Cornwall) Limited, the owner of Carters Packaging Limited, for a maximum cash consideration of £4.5 million. Carters is a well-established business, based in Redruth, Cornwall, and is the leading distributor of protective packaging in the South-West of England. The acquisition is in line with Macfarlane’s declared…
Macfarlane Group PLC (LSE: MACF)
Macfarlane Group PLC has been listed on the Premium segment of the Main Market of the London Stock Exchange (LSE: MACF) since 1973 with over 70 years’ experience in the UK packaging industry. Through its two divisions Macfarlane Group services a broad range of business customers supplying them high quality protective packaging and labels which…
Mastercard to invest $100 million in Airtel Africa’s mobile money business
LONDON: Airtel Africa announced the signing of an agreement under which Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa plc. AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations and…
Quilter PLC to sell Quilter International to Utmost Group for £483 million
LONDON: Quilter Plc has entered into an agreement with Utmost Holdings Isle of Man Limited, a subsidiary of Utmost Group Limited with respect to the sale of Quilter International, which is comprised of Quilter’s entire shareholding in Quilter International Holdings Limited and Quilter International Ireland dac. TRANSACTION HIGHLIGHTS: · Proposed sale of Quilter International to…
Van Elle Holdings acquires ScrewFast Foundations Limited for upto £3.68 million
LONDON: Van Elle Holdings has acquired 100% of the share capital of ScrewFast Foundations Limited, an innovative helical piling and steel modular foundations company for a maximum consideration of £3.68 million. An initial consideration of £1.76m is payable in cash on completion, with up to a further £1.92m of deferred and performance-based cash consideration payable…
AERIF expands its Portuguese solar portfolio with the acquisition of Ourique
LONDON: Aquila European Renewables Income Fund plc (AERIF), the London-listed investment company advised by Aquila Capital, has entered into a Sale and Purchase Agreement (SPA) to acquire 50% of the equity in an unlevered Portuguese solar operating asset (Ourique). Closing of the transaction is expected to occur in April 2021. Ourique is located in Alentejo,…