LONDON: Caerus Mineral Resources announced the acquisition of New Cyprus Copper P.A. Ltd (NCC) and its intention to admit its entire issued and to be issued ordinary share capital to the Standard Segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London…
Heijmans and AM join forces in Feyenoord City Rotterdam
AMSTERDAM: Heijmans and project developer AM have joined forces in the Feyenoord City development consortium, which aims to develop and realise homes and commercial and social amenities in Rotterdam South. Homes and commercial real estate: The Heijmans-AM consortium will be working closely with Stigam (Stichting Gebiedsontwikkeling aan de Maas – the foundation set up to…
Norsk Hydro to sell its Rolling business to KPS Capital for EUR 1.380 billion
OSLO: Norsk Hydro ASA has entered into an agreement to sell its Rolling business to KPS Capital Partners for EUR 1.380 billion on an enterprise value basis, a news release said. The transaction includes seven plants, one R&D center, global sales offices, and around 5,000 employees of which 650 employees in Norway and the remaining…
Alma Media acquires Nettix Oy for EUR 170 million
HELSINKI: Alma Media has signed an agreement to acquire Nettix Oy’s entire share capital from Otava Group for EUR 170 million, strengthening its position in the marketplaces business in Finland. The acquisition strengthens Alma Media’s position in the marketplaces business in Finland, especially in automotive and mobility services. In addition, the acquisition of Nettix Oy…
SKS Technologies to acquire business of APEC Technologies valued at approximately $2 million
SYDNEY: SKS Technologies Limited has entered into a binding agreement to acquire the assets and ongoing business of the APEC Technologies Group valued at approximately $2 million subject to satisfactory due diligence. The acquisition represents the development of the strategy to grow capacity as well as capability, and capture rapidly emerging opportunities in the sector….
EVO acquires 10 childcare centers in Australia, and announces dividend by end 2021
SYDNEY: New Zealand and Australian childcare and education centre operator Evolve Education Group limited (EVO) has contracted to acquire 10 childcare centres in Australia with total licenced capacity of 816 children per day, a news release said. Contract pricing includes upfront of $27.13m for EBITDA of $6.93m per annum and deferred 5m for an additional…
My Food Bag commences trading at NZX Main Board and ASX
AUCKLAND: My Food Bag, the biggest IPO in New Zealand by amount raised since 2014, commenced trading on both the New Zealand Stock Exchange (NZX) Main Board and Australian Securities Exchange (ASX) today. The initial public offer was strongly supported with applications being scaled in the Institutional and Broker Firm Offers, as well as in…
ARB Corporation acquires Truckman Group for maximum of GBP 21.9mn
SYDNEY, AUSTRALIA: : ARB Corporation Limited announced the acquisition of auto styling Truckman Group Limited. Truckman is the leading manufacturer and distributor of utility accessories in the United Kingdom, principally focused on rear of vehicle products such as canopies (hard tops), bed liners and general utility vehicle products. Truckman is the industry recognised brand leader…
Entain Plc commits to being carbon net zero by 2035
LONDON: Entain plc, the global sports-betting and gaming entertainment group, has committed to becoming net zero for greenhouse gas emissions by no later than 2035, which is 15 years ahead of the 2050 target for carbon neutrality agreed by governments under the Paris Agreement. Entain has formally sent a letter of commitment to the Science…
Entain plc
Entain plc (LSE:ENT) is a FTSE100 company and is one of the world’s largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale,…
Nordax Bank to launch NOK 17.8 billion voluntary offer to acquire Norwegian Finans Holding
OSLO: Nordax Bank AB has announced its intention to launch a voluntary offer to acquire the entire outstanding share capital in Norwegian Finans Holding ASA (NFH), supported by Nordic Capital Fund VIII1, Nordic Capital Fund IX2 and Sampo Oyj. Nordax intends to launch a NOK 17.8 billion all-cash offer for all the outstanding shares in…
Aviva Plc sells Aviva Italy for €873 million in cash
LONDON: Aviva Plc has sold its remaining Italian Life and General Insurance businesses (Aviva Italy) for €873 million in cash. This values the businesses at €1.2 billion including Unicredit Group’s 49% shareholding in Aviva S.p.A. Key highlights: · Sale of Aviva’s Life insurance business1 to CNP Assurances for €543m, and · Sale of Aviva’s General…