LONDON: Gresham House announced the acquisition of Appian Asset Management Ltd for an initial consideration of €4.55 million, with €3.6 million payable on completion (€2.7 million in cash from existing resources of the Group and €0.9 million in new shares issued by the Company) and including €0.95 million for cash within the business. Further variable…
Shearwater signs $437 million refinancing of main debt facilities
OSLO: GC Rieber Shipping ASA‘s 19% owned geoservices company Shearwater GeoServices Holding AS has entered into agreements for refinancing of a majority of the company’s outstanding debt, including the USD 325 million bridge facility originating from the acquisition of the marine seismic acquisition assets and operations of WesternGeco in November 2018. Shearwater has signed new…
National Australia Bank to sell BNZ Life Insurance business to Partners Life for NZ$290 million
SYDNEY: National Australia Bank (NAB) has entered into an agreement to sell BNZ Life, its New Zealand life insurance business, to leading New Zealand life insurance provider Partners Life for NZ$290 million. The agreement to sell is consistent with NAB’s strategy to focus on its core banking businesses across Australia and New Zealand. BNZ CEO…
AFC Energy announces strategic partnership with ABB
LONDON: AFC Energy signed a strategic partnership with ABB, a world leader in electrification and digitalisation technologies, operating in over 100 countries Highlights: ● ABB and AFC Energy to develop and launch a bespoke high power EV charging product for distribution through ABB’s market channels from the second half of 2021. ● ABB entered the…
Ascential announces acquisition of digital commerce businesses in China
LONDON: Ascential plc announced the agreement of an important acquisition for Digital Commerce business in China. Ascential will acquire X Target, for an initial cash consideration of £11.9 million. Hangzhou Duozhun Data Technology Co. Ltd. (X Target), combined with existing high growth Yimian business, will provide a full set of measurement and trading execution capabilities…
SATO Corporation signs EUR 350 million revolving credit facilities
LONDON: SATO Corporation strengthened its liquidity position by signing a total of EUR 350 million committed revolving credit facilities with Nordea Bank Oyj, Danske Bank A/S, Finland Branch, OP Corporate Bank plc, Swedbank AB (publ), Svenska Handelsbanken AB (publ), Branch Operation in Finland. The new credit facilities without asset-based securities have a maturity of three…
CBA to merge Aussie Home Loans with Lendi
SYDNEY: Commonwealth Bank of Australia (CBA) has entered into an agreement to merge Aussie Home Loans with Lendi, a leading online home loan platform, a news release said. The merger will bring together Aussie’s significant network, strong brand and deep experience in supporting customers with their property goals, with Lendi’s leading technology and platform. The…
Canadian Overseas Petroleum to acquire Atomic Oil & Gas for $54 million
LONDON: Canadian Overseas Petroleum Limited (COPL) has agreed to acquire Atomic Oil & Gas LLC for a consideration of US$54 million consisting of assumed debt, cash and shares. This strategic acquisition would represent a step change in the capacity and revenue generating opportunities open to the Company. COPL expects to complete the acquisition by January…
Love Hemp secures listing and launches in-store and online with Boots
LONDON: World High Life’s London-based Love Hemp Limited has successfully launched the Love Hemp brand across 200 Boots stores nationwide and on boots.com. Tony Calamita, CEO at Love Hemp says: “As consumers focus on holistic wellness and demand authenticity, the demand for CBD is continually increasing. Launching nationally in-store and online with Boots is a…
Mobile Streams joins ANOTHER_ to launch streams service into China
LONDON: Mobile Streams plc has entered into a partnership with ground-breaking Chinese digital communications agency ANOTHER_. to enter the Chinese market. ANOTHER_. is a communications agency that has worked with leading global brands and organisations from China and across the world, including Nike, Pandora, Jack Wolfskin, and Land Rover to deliver communications services and marketing…
Fiat Chrysler to setup $150 million global tech centre in India
NEW DELHI: Fiat Chrysler Automobiles NV (FCA) has announced plans to spend $150 million to set up a global technology centre in the southern Indian city of Hyderabad. The centre will create nearly 1,000 jobs by the end of 2021, and will focus on development for future mobility in areas such as connected vehicles, artificial…
Professor Barry Gilbertson appointed Executive Chairman of Custodian Capital Limited
LONDON: Mattioli Woods plc announced the appointment of Professor Barry Gilbertson to the role of Executive Chairman of its subsidiary, Custodian Capital Limited (CCL) with effect from 1 January 2021. Barry joins with a wealth of experience having previously held the role of Senior Independent Non-Executive Director at Custodian REIT (LSE: CREI), the UK property…