Aquila European Renewables Income Fund plc (AERIF) is a London-listed renewable energy infrastructure investment company with the aim to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of hydropower, onshore wind and solar PV investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production…
LafargeHolcim acquires Firestone Building Products
PARIS: LafargeHolcim announced that its Holcim Participations (US) Inc. subsidiary has successfully completed the acquisition of Firestone Building Products, following all regulatory approvals. The transaction closed earlier than expected due to smooth collaboration with Bridgestone and all 1,900 employees will be joining LafargeHolcim. Jan Jenisch, LafargeHolcim CEO: “I warmly welcome the Firestone Building Products team…
Mutares SE & Co. completes acquisition of Primetals Technologies France and Ericsson Services Italia
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of Primetals Technologies France from Primetals Technologies, Ltd. The company will from now on operate under the new name Clecim France. Clecim France is a leading global supplier of high-end steel processing line solutions based in Savigneux, France. With close to 250 employees, efficient production…
Universal Biosensors signs Canadian distribution deal
SYDNEY: Universal Biosensors Inc. has entered into a non-exclusive Distribution Agreement with Vines to Vintages Inc for the distribution of its wine testing platform device “Sentia” in Canada. The Distribution Agreement is for a three-year term and contains standard renewal and termination options available to both parties. John Sharman, CEO of UBI said; “The launch…
Alexis George appointed new CEO of AMP Limited
AUCKLAND: AMP Limited has appointed Alexis George as its new group Chief Executive Officer (CEO), to take over from Francesco De Ferrari who will retire from the role as the company completes its portfolio review. Ms George will join AMP from ANZ where she has served as Deputy Chief Executive Officer, as well as Group…
Dorel completes $51mn sale of China manufacturing facility
MONTRÉAL: Dorel Industries Inc. has completed the previously-announced sale of its juvenile products manufacturing facility in Zhongshan, China to Guangdong Roadmate Group Co., Ltd. and has received the gross sale proceeds of approximately US$51 million from Roadmate. As previously announced, Dorel will maintain its second manufacturing location in Huangshi, China as well as its product…
Orkla acquires India based Eastern Condiments Private Limited for NOK 2.4 billion
OSLO: Orkla ASA has completed the purchase of 67.82 percent of the shares in India based Eastern Condiments Private Limited at an enterprise value of NOK 2.4 billion. With this acquisition, Orkla will be a major employer in India, owning nine factories in six states which cater to the whole of India as well as…
FCPT acquires Starbucks property for $2.3 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a corporate-operated Starbucks property for $2.3 million. The property is located in a highly trafficked corridor in Alabama and is occupied under a long term, net lease. The transaction was priced at a going-in cash capitalization rate in range with FCPT’s previous investments. FCPT,…
Spectrio acquires Enplug
TAMPA: Spectrio has acquired Enplug, a digital signage company based in Culver City, California. The acquisition enhances Spectrio’s robust digital communications platforms, adding enterprise-level management features to meet the needs of global organizations, as well as expanding integrations to enhance the customization of brand communications. Enplug’s plug-and-play digital signage solution features an intuitive online content…
IRi announces Kirk Perry as next President and CEO
CHICAGO: IRi announced the appointment of Kirk Perry, Google’s President of Global Client & Agency Solutions, as President and CEO and a member of its Board of Directors, effective May 17, 2021. Mr. Perry succeeds Andrew Appel, who has successfully led a transformation of IRI for nearly a decade. Mr. Appel will remain an Advisor…
Ooredoo announces $750 million deal for sale of 4,200 telecoms towers in Indonesia
DOHA: Ooredoo Q.P.S.C. announced that its Indonesian operating company, PT Indosat Tbk. (Indosat Ooredoo), has signed a sale and leaseback agreement with PT EPID Menara AssetCo (Edge Point Indonesia) for more than 4,200 telecommunications towers. PT EPID Menara AssetCo is an Indonesian subsidiary of Edge Point Singapore, which is wholly owned by Digital Colony, a…
Sistema increases ownership stake in OJSC Sintez
MOSCOW: Sistema’s fully owned subsidiary LLC Sistema Telecom Assets has acquired 32.4% of the share capital of OJSC Sintez, a subsidiary of pharmaceutical holding company Binnopharm Group from JSC National Immunobiological Company (Nacimbio). “Increasing our ownership stake in OJSC Sintez is consistent with Sistema’s strategy of strengthening our position on the pharmaceuticals market and transforming…