NEW YORK: Paramount Group Inc. has completed the previously announced sale of 1899 Pennsylvania Avenue, a 190,955 square foot trophy office building located in Washington, D.C. The final sales price was $103 million, and reflected a $12 million, or 10% reduction versus the previously announced sales price, due to the ongoing COVID-19 pandemic. With the…
Voyager Digital reaches $200 million in assets under management
NEW YORK: Voyager Digital Ltd., a licensed crypto-asset broker, announced milestone growth, surpassing $200 million in assets under management (AUM), up 100% from $100 million at the beginning of November, and up 40x in the past 12 months. This accelerated growth in AUM is led by unprecedented levels of net daily deposits, with over $50…
Admiral Group selling Penguin Portals and Preminen comparison businesses to RVU
LONDON, UK: Admiral Group plc has reached an agreement with ZPG Comparison Services Holdings UK Limited (RVU) that RVU will purchase Penguin Portals Group and its 50% share of Preminen Price Comparison Holdings Limited. MAPFRE will also sell its 25% holding in Rastreator and 50% holding in Preminen as part of the transaction. The total…
Saga Pure contemplates equity offering of 30 million shares
OSLO: Saga Pure ASA is contemplating an equity offering through the issue of up to 30 million shares at a price per Offer Share to be determined in a bookbuilding process, a news release said. The net proceeds will increase the Company’s investment capacity in the green investment universe. Fearnley Securities AS has been retained…
Supermarket Income REIT buys Waitrose Supermarket in Market Harborough
LONDON: Supermarket Income REIT announced the acquisition of a Waitrose supermarket in Market Harborough, Leicestershire from Alpha Real Estate for £9.1 million, representing a net initial yield of 4.3%. Developed in 2013, this prominent 2-acre site is located in the town centre and comprises a 18,000 sq ft net sales area supermarket with over 180…
Supermarket Income REIT plc (LON: SUPR)
Supermarket Income REIT plc (LON: SUPR) is a real estate investment trust dedicated to investing in grocery properties which are an essential part of the UK’s feed the nation infrastructure. The Company focuses on grocery stores which are omnichannel, fulfilling online and in-person sales. All of the Company’s 49 supermarkets are let to leading UK…
Alliance Pharma acquires Biogix Inc. in a $110 million deal
LONDON: Alliance Pharma plc has completed the acquisition of 100% of the share capital of Biogix Inc, a privately held, US-based consumer healthcare company, for a total consideration of US$110.0 million paid for in cash from the Group’s existing financial resources, a news release said. Peter Butterfield, Chief Executive Officer of Alliance, commented: “As 2020…
Alliance Pharma plc
Alliance Pharma plc (AIM: APH) is an international healthcare group, headquartered in the UK with subsidiaries in Europe, the Far East and the US and wide international reach through an extensive network of distributors, generating sales in more than 100 countries. Alliance Pharma hold the marketing rights to around 80 Consumer Healthcare brands and Prescription…
Egil Fagerland appointed CFO of Aker Carbon Capture
OSLO: Egil Fagerland has been appointed chief financial officer of Aker Carbon Capture, with effect from April 1, 2021. Fagerland joins the company from DeepOcean, where he was head of ERP and Business Systems. He previously held various roles at Aker Solutions’ finance department from 2012 till 2020, including as senior vice president, group controlling…
Balfour Beatty appoints Troy Dickson as new President in the Northwest
SEATTLE: Balfour Beatty announced the promotion of Portland-based executive, Troy Dickson, to president in the Northwest. Balfour Beatty operates in the Northwest as Howard S Wright. Dickson will replace former Northwest President, Dan Peyovich, and will provide strategic oversight for the Oregon and Washington State offices. Additionally, he will work alongside the local leadership teams…
Ryanair restricts non-EU voting rights to protect its EU Airline Licences Post-Brexit
LONDON: As previously advised and announced by Ryanair Holdings PLC (the “Company”) on 11 March 2019, the Company must take steps to ensure that it (and therefore its subsidiary EU airlines) will remain majority EU owned and controlled following Brexit. This is necessary to ensure continued compliance with the airline ownership and control requirements of…
Finablr PLC appoints new Chief Executive Officer
LONDON: Finablr Plc, the global platform for payments and foreign exchange, today announces as follows: Resignation of Bhairav Trivedi as Chief Executive Officer: Bhairav Trivedi has resigned as Chief Executive Officer with effect from 1st January 2021. The Chairman, Michael Tomalin, noted: “On behalf of the Board, I want to thank Bhairav for his leadership,…