LONDON: Urban Logistics has exchanged contracts to sell five assets as part of a portfolio for £30.0 million at a 4.8% exit yield, realising a total property return of 78.8%. The sale is in line with Urban Logistics’ stated strategy of active portfolio management and value optimisation where appropriate. Completion is expected to take place…
Argo and DMG Blockchain to launch first clean energy Bitcoin mining pool
LONDON: Argo Blockchain, a global leader in cryptocurrency mining, has signed a Memorandum of Understanding (MoU) with DMG Blockchain Solutions to launch the first Bitcoin mining pool powered exclusively by clean energy. Under the terms of the MoU, Argo and DMG will jointly launch Terra Pool, a Bitcoin mining pool powered by clean energy. This…
Renew Holdings to acquire J Browne Group Holdings for £29.5 million
LONDON: Renew Holdings has agreed to acquire the entire issued share capital of J Browne Group Holdings Limited for a cash consideration of £29.5 million, a news release said. J Browne is a water focused engineering services business based in Enfield, North London, operating throughout the South of England for Thames Water, Southern Water, Affinity…
Safestay Plc selling Edinburgh Hostel to a&o Hotels and Hostels for £16 million
LONDON: Safestay Plc has entered into conditional sale and purchase agreements to sell the Edinburgh Hostel to a&o Hotels and Hostels for a cash consideration of £16 million payable at completion, representing a 22% premium to the £13.4 million book value. The 2019 annual EBITDA of the hostel pre-COVID 19 was £1.7 million. The Group…
Aviva to sell Aviva Poland to Allianz for €2.5 billion
LONDON: Aviva plc has reached a significant milestone in the execution of strategy, with the agreement to sell its entire shareholding in Aviva Poland to Allianz for a cash consideration of €2.5 billion, valuing the acquired business at €2.7 billion, a news release said. Aviva will now focus on its strongest businesses in the UK,…
GenSight raises €30mn in an oversubscribed private placement in EU and US
PARIS: GenSight Biologics has announced that the company has successfully raised €30 million in an oversubscribed private placement with European and US institutional investors. The Company has issued 4.477 million new ordinary shares with a nominal value of €0.025 each, for total gross proceeds of approximately €30 million by means of an accelerated book building…
Optidev remains on the list of Sweden’s Best Workplaces
OSLO: Optidev is for the third time on the list of Sweden’s Great Places to Work, and thus once again one of Sweden’s 25 best places to work. Also read: Techstep has completed the acquisition of Optidev AB “As CEO of Techstep, I am of course extremely proud that Optidev has been named one of…
Capgemini acquires RXP Services
PARIS: Capgemini has completed the acquisition of RXP Services, a news release said. With the addition of more than 550 professionals, the deal expands Capgemini’s operations in Australia. The acquisition by way of scheme of arrangement was approved by the requisite majorities of RXP Services shareholders and by the Federal Court of Australia. Headquartered in…
WINEDEPOT and eBay to provide Australian wineries list their products directly on eBay
SYDNEY: Digital Wine Ventures Limited announced that WINEDEPOT has entered into a memorandum of understanding (MoU) with eBay, Australia’s number one online shopping site. Under the MoU, WINEDEPOT and eBay will negotiate the terms of a partnership to provide Australian wineries with the ability to list their products directly on eBay without having to set…
Hornetsecurity acquires Canadian firm, Zerospam
PITTSBURGH: Hornetsecurity Group, a leading cloud email security provider, has acquired Zerospam, email protection specialists headquartered in Montreal, Canada. Zerospam is a fast-growing business that serves more than 4,000 small, midsized and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US. It is a recognized leader in providing…
Mad Paws commences trading at Australian Securities Exchange after over subscribed IPO
SYDNEY: Mad Paws Holdings Limited (MPA), an Australia-based pet services business, is admitted to the Official List on 26 March 2021 and has commenced trading on the Australian Securities Exchange (ASX) today, after closing its oversubscribed Initial Public Offer (IPO). The IPO raised $12m at 20 cents per share, and on listing has a market…
Air New Zealand appoints Mat Bolland as Chief Corporate Affairs Officer
AUCKLAND: Air New Zealand has appointed Mat Bolland to the newly created role of Chief Corporate Affairs Officer. With a corporate affairs career of more than 20 years, Mr Bolland’s experience has spanned energy, water and telecommunications through periods of crisis and significant industry change. Mr Bolland is currently General Manager Corporate and Regulatory Affairs…