KARACHI: Pakistan State Oil (PSO) continues to lead the fuel revolution in Pakistan by becoming the first Oil Marketing Company (OMC) to upgrade Pakistan’s diesel fuel standard from Euro 2 to Euro 5. The Company has recently launched its Euro 5 standard high speed diesel under the brand name “PSO Hi-Cetane Diesel Euro 5”. The…
Pandion Energy acquires license interests from Wintershall DEA
OSLO: Pandion Energy AS has entered into an agreement with Wintershall DEA Norge AS (Wintershall DEA) to acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617. Through this transaction, Pandion Energy increases its interest in PL 820 S to 12.5 percent. In March, Pandion Energy announced the…
Sanoma completes the EUR 465 million acquisition of Santillana Spain
HELSINKI: Sanoma Corp has completed the acquisition of Santillana Spain, a leading Spanish provider of K12 learning materials, from Promotora de Informaciones S.A. (Grupo Prisa). The acquisition was announced on 19 October 2020. Cash and debt free purchase price of the acquired business was EUR 465 million, including approx. EUR 50 million of net debt…
Pertama Digital to launch MyPay coin deposit feature
KUALA LUMPUR: Pertama Digital Berhad, an investment holding company listed on Bursa Malaysia’s Main Market, has announced a collaboration between its portfolio company DAPAT Vista (M) Sdn Bhd and Hektar Asset Management Sdn Bhd to launch DAPAT’s MyPay Coin Deposit feature. DAPAT is a homegrown company specialising in mobile technology and digitalisation of government services….
Alpha Bank enters into a long term bancassurance partnership with Generali
ATHENS, GREECE: Alpha Bank S.A. has agreed to enter into a new exclusive distribution agreement with Assicurazioni Generali (Generali) for the sale of non-life and health insurance products through its distribution channels. The agreement will have an initial term of twenty years and will focus on an ambitious digital and growth strategy. The new partnership…
Franchise Brands announces share purchase programme
LONDON: Franchise Brands, a multi-brand franchise business, announced that for the next six-month period from 1 January 2021 to 30 June 2021, the Company will continue its discretionary programme to buy ordinary shares of 0.5p each in the Company up to an aggregate value of £200,000. The Company will use its employee benefit trust (the…
US Solar Fund to acquire up to 50% of 200MW Mount Signal 2
LONDON: US Solar Fund Plc has executed binding agreements to acquire up to a 50% interest in a 200 MWDC operating solar plant located in the Imperial Valley of Southern California, Mount Signal 2 (MS2, the Project), for a total price of between $44 million and $46 million. The Transaction is structured in two tranches….
Marwyn Acquisition Company appoints Vin Murria OBE as Chairman
LONDON: Marwyn Acquisition Company I Limited announced the appointment of Vin Murria OBE as Chairman with immediate effect. Vin brings a wealth of experience in the software, technology and support services sectors, having executed a number of highly successful growth strategies during her career to date. Vin previously partnered with Marwyn to acquire and grow…
Ecofin announces acquisition of seed assets
LONDON: Ecofin U.S. Renewables Infrastructure Trust PLC (RNEW) has now completed the acquisition of three of the four seed investments described in its prospectus dated 11 November 2020. The third seed investment, acquired for an aggregate consideration of $21.1m, includes a 100% ownership interest in a 11.3 MW commercial rooftop and ground-mount solar portfolio consisting…
GUD Holdings completes acquisition of ACAD Businesses
SYDNEY: GUD Holdings Limited (GUD) has completed the acquisition of AMA Group’s Automotive Components and Accessories Division (ACAD), previously announced on 19 November 2020. The acquisition of ACAD (excluding FluidDrive) sees East Coast Bullbars, CSM Service Bodies, Automotive Electrical & 4WD Accessories (AE4A), Uneek 4×4/Barden Fabrications and Fully Equipped as part of the GUD Group….
Probiotec Limited completes acquisition of Multipack-LJM
SYDNEY: Probiotec Limited has today completed the acquisition of the Multipack LJM business as first announced on 10 November 2020. Probiotec Limited (ASX: PBP) is a manufacturer, packer and distributor of a range of prescription and over-the-counter (OTC) pharmaceuticals, complementary medicines and consumer health products. The company owns fivemanufacturing facilities in Australia and distributes its…
FCPT announces acquisition worth $18.8 million
MILL VALLEY: Four Corners Property Trust (FCPT) announced the acquisition of a six property portfolio for $12.0 million acquisition of a Recreation Equipment Inc. (REI) property for $6.8 million. The Recreation Equipment Inc properties include 7-Eleven, Advance Auto Parts, Starbucks, and Verizon (3) branded properties. They are located in highly trafficked corridors in CO, IN,…