DUBLIN: Uniphar plc has announced the acquisition of US-based, RRD International. RRD is a US based pharmaceutical advisory group providing outsourced strategic consulting and execution services throughout the early stages of a products development. The RRD team has a depth of experience, from pre-clinical through to licensing, across a broad range of product classes and…
EU courts clear the way for CBD in Europe
LONDON, UK: The European Court of Justice (ECJ) ruling provides that CBD is not classified as a narcotic drug, and that the French ban on hemp derived CBD contradicts European Union (EU) law. This decision opens the door for high quality, compliant CBD companies to operate in markets across the EU. Sativa Wellness welcomes this…
David Gosnell appointed Chairman of Coats Group plc
LONDON: Coats Group plc announced that Mike Clasper has advised the Board that he will retire as Chairman and from the Board of Coats, at the conclusion of the Annual General Meeting scheduled for 19 May 2021, after nearly eight years year with the Company. Mike will be succeeded as Chairman by David Gosnell who…
Knights acquires OTB Eveling LLP for a total consideration of £2.1 million
LONDON: Knights Group, the UK’s fastest growing legal and professional services business , has agreed to acquire OTB Eveling LLP, an independent commercial law firm based in Exeter. Under the terms of the acquisition, Knights will acquire OTB Eveling from its two existing members on a debt free, cash free basis for a total consideration…
Orascom Construction, Mitsubishi consortium signs a $800mn contract for Cairo Metro Line 4 Phase 1
DUBAI: The consortium comprising Orascom Construction PLC and Mitsubishi Corporation signed a contract with the National Authority for Tunnels (NAT) to execute the Railway Systems, Track and Depot Works Package (CP411) for Cairo Metro Line 4 Phase 1. The total value of the turnkey contract is approximately USD 800 million and Orascom Construction’s share exceeds…
Kahoot! acquires Drops for an enterprise value of $31 million
OSLO: Kahoot!, the global learning platform company, announced the acquisition of Drops, one of the fastest growing language platforms in the world, for an enterprise value of $31 million. Through this acquisition, Kahoot! plans to further expand its platform and make language learning awesome for millions of Kahoot! users worldwide as well as bring the…
Xero announces US$600 million convertible notes offering
WELLINGTON: Xero Limited has launched an offering of US$600 million senior unsecured convertible notes due 2025 to be issued by its wholly-owned subsidiary, Xero Investments Limited, and guaranteed by Xero. Xero CEO Steve Vamos said: “This announcement represents the next step in our ongoing program to optimise Xero’s financial structure as we continue to execute…
Kingston Resources appoints Mick Wilkes as Chairman
SYDNEY: Kingston Resources Limited has appointed highly experienced Australian mining executive Mick Wilkes as non-executive Chairman. Mr Wilkes, who has been a non-executive Director of Kingston since July 2018, will succeed Anthony Wehby, who will remain on the Board as a non-executive Director. Mr Wilkes appointment as Chairman will be effective from 1 December 2020.The…
Catapult Group acquires Science for Sport
SYDNEY: Catapult Group International Limited has acquired the profitable subscription online sport learning platform, Science for Sport, a news release said. Founded in 2016, Science for Sport has grown into the number one source of content, online courses, and community engagement, in the global sports science industry. Science for Sport built an organic social audience…
Tower Limited and EQC reach $42.1 million settlement
SYDNEY: Tower Limited has entered into a settlement agreement with the Earthquake Commission (EQC) regarding an outstanding receivable resulting from the Canterbury Earthquakes. Under the settlement agreement Tower will receive $42.1m after disbursement to reinsurers and costs. The write off of the residual amount will result in an impact of approximately $9.5m on Tower’s FY20…
NorthWest Healthcare Properties buys Grace Hospital, Tauranga for $95 million
AUCKLAND: NorthWest Healthcare Properties Management Limited, as manager of Vital Healthcare Property Trust, announced the acquisition of Grace Hospital in New Zealand. This 51-bed, 11-theatre facility was purpose-built in 2007 and expanded earlier this year. It is Tauranga’s only private in-patient hospital and is located on a 4-hectare site providing significant future expansion opportunities. As…
SGX welcomes the listing of Nikko AM’s ETF benchmarked to premier ChinaBond-ICBC RMB Bond Index
SINGAPORE: Singapore Exchange (SGX) has welcomed the listing of NikkoAM-ICBCSG China Bond ETF, providing global investors with another unique opportunity to capitalise on the world’s second largest fixed income market that is fast growing in size and foreign participation. Launched by one of Asia’s largest asset managers, Nikko Asset Management (Nikko AM), and the Singapore…