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…
Xero Limited to acquire Planday for upto €183.5 million
WELLINGTON: Xero Limited announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs. Aligned with Xero’s strategic priority to grow the small business platform, the acquisition of Planday will help more…
Downer EDI gets $245mn to upgrade electricity transmission network supplying Eyre Peninsula
AUCKLAND: Downer EDI Limited has been awarded a $245 million contract by ElectraNet Pty Ltd to upgrade the existing electricity transmission network supplying the Eyre Peninsula in South Australia and to upgrade electricity substations, a news release said. Downer will commence work under the contract at the end of March 2021 and the new transmission…
Downer completes transition of underground services to Byrnecut
AUCKLAND: Downer EDI Limited announced that it had completed the transition of underground mining services at OZ Minerals’ Carrapateena mine to Byrnecut Australia. As announced on 20 January 2021, the transition included the transfer of equipment from Downer to Byrnecut. Downer confirms it has received $56 million (representing book value) for the sale of plant…
Citycon Group to issue EUR 300 million green bond
HELSINKI: Citycon Group has announced intention to issue a euro-denominated senior unsecured bond approximately with a maturity of 7 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon Treasury B.V. would apply for…
Meta and Sekisui collaborate to improve 5G, 6G communications infrastructure
HALIFAX: Metamaterial Inc. announced a collaboration with Sekisui Chemical to improve the performance and coverage of high-speed, 5G and future 6G networks, a news release said. Together, META and Sekisui are developing a new transparent and flexible radio wave reflection film, which passively reflects and transmits radio waves in the sub 6 GHz and millimeter…
Eat Beyond Global Holdings joins Protein Industries Canada supercluster
VANCOUVER: Eat Beyond Global Holdings, an investment issuer focused on the global plant-based and alternative food sector, has joined Protein Industries Canada (PIC), a news release said. Protein Industries Canada (PIC) is an industry-led, not-for-profit organization created to position Canada as a global source of high-quality plant protein and plant-based products. PIC is one of…
StrongPoint and Halodi Robotics to develop an in-store grocery retail robotics solution
OSLO: StrongPoint ASA has invested in and formed a strategic partnership with Halodi Robotics to jointly develop an in-store grocery retail robotics solution. The value of the partnership is approximately NOK 8.0 million, with half being allocated to research and development in the project, and half as a direct investment in Halodi Robotics. The aim…