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,…
Imperial Dade signs agreement to acquire Industrial Soap Company
JERSEY CITY: Imperial Dade, a leading distributor of food service packaging and janitorial supplies, has entered into a definitive agreement to acquire Industrial Soap Company, a news release said. The transaction represents the 32nd acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Financial terms…
Comtech Telecommunications extends term of acquisition agreement for UHP
MELVILLE: Comtech Telecommunications Corp. and UHP Networks Inc., a leading provider of innovative and disruptive satellite ground station technology solutions, agreed to extend their agreement for Comtech’s purchase of UHP, which was originally announced in November 2019, until February 28, 2021. UHP is based in Canada and has developed revolutionary technology that is transforming the…
JCPenney launches search for a new Chief Executive Officer
PLANO: JCPenney’s new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands Group, have launched a search for a Chief Executive Officer to replace Jill Soltau, who will be exiting the company effective December 31, 2020. The search will seek to identify a leader that is focused…
Pakistan LNG Limited invites bids for two LNG cargoes in April 21
KARACHI: Having learned from the losses due to late demand forecast and even delayed procurement tenders lately, Pakistan LNG Limited (PLL), a subsidiary of Government Holdings (Pvt) Limited, has floated a tender to import two spot liquefied natural gas (LNG) cargoes of 140,000 cubic meters each for April 2021. An advertisement by PLL said the…
The Kingfish Company announces de-merger and transfer of properties
AMSTERDAM: The Kingfish Company N.V. has signed a proposal to be publicly filed with the Dutch trade register for a legal de-merger, effectively transferring all properties owned by the company to a new subsidiary named Kingfish Property One B.V. The transfer is contemplated to be legally effected within the first quarter of 2021 and will…
Care Property Invest acquires Amsterdamse Keizer, owner of Huize Elsrijk
SCHOTEN, BELGIUM: Care Property Invest has acquired 100% of the shares in Amsterdamse Keizer B.V., the real estate company in which ‘Huize Elsrijk’, a luxurious care residence for elderly people with intensive care needs, is incorporated. Care Property Invest announced the acquisition of the development project ‘Huize Elsrijk’, a luxurious care residence for elderly people…
PetroTal completes first oil export sale through Brazilian terminal
CALGARY: PetroTal Corp. announced the first export of Bretana oil into the Atlantic region through Brazil. This provides PetroTal with an additional option to monetize oil sales, beyond the Company’s existing important sales arrangements with Petroperu using the Northern Oil Pipeline (ONP), and to the Iquitos refinery. This will facilitate future oil production growth when…