LONDON: Kingfisher plc has completed the sale of Castorama Russia to Maxidom, a leading home improvement company in Russia, for a total consideration of RUB c.7.4bn (c.£73m). The total consideration of RUB c.7.4bn will be satisfied as follows: · 80% paid at the closing of the transaction · Remaining 20% to be paid…
Octopus Renewables to buy 4 solar PV sites in Spain for €37.8 million
LONDON: Octopus Renewables Infrastructure Trust has entered into a Share Purchase Agreement (SPA) for the acquisition of a 100% interest in a portfolio of solar PV assets located in Southern Spain, with completion of the acquisition conditional on the assets becoming ready to build, a news release said. The portfolio consists of 4 solar PV…
SDCL Energy buys portfolio of energy efficiency projects in Singapore for £2 million
LONDON: SDCL Energy Efficiency Income Trust has announced the acquisition of its first portfolio of energy efficiency projects in Singapore from Singapore Energy Efficiency Investments Pte. Ltd. (SEEPL) and associates for an equity cash consideration of £2 million. The portfolio consists of six operating assets, including chillers and bespoke energy-efficient air compressors that are installed…
Inland Homes sales worth £52.8m to two separate ‘Build to Rent’ Funds
LONDON: Inland Homes, a brownfield housing company with a focus on the south and south-east of England, announced two sales to two separate ‘Build to Rent’ Funds within its Centre Square and Buckingham House developments in High Wycombe. The Group has completed the unconditional sale of 123 units and amenity space via its joint venture,…
Oakley Capital acquires a majority stake in fitness and nutrition platform, 7NXT GmbH
LONDON: Oakley Capital Investments’ Oakley Capital Origin Fund 2 has acquired a majority stake in 7NXT GmbH, the leading online fitness and nutrition platform in the German speaking region, from founder and CEO Markan Karajica and Crosslantic Capital. Mr Karajica will continue in his role as CEO and will retain a significant minority stake in…
Immotion launches Let’s Explore Oceans
LONDON: Immotion Group, the UK-based immersive entertainment group, has launched its brand new ‘in-home’ product, the ‘Let’s Explore Oceans’ Mega Pack. The new offering comes as a complete boxed solution, including VR Goggles, carry case, holographic cube, hardback colour fact book, plus ten VR movies and four Augmented Reality (AR) experiences. Retailing at £59.99, $59.99…
McCarthy & Stone and Anchor Hanover partner to increase housing supply for older
LONDON: McCarthy & Stone and Anchor Hanover announce a development partnership which will see the England’s two leading retirement providers deliver a range of ‘affordable for all’ later living communities across the country. Providing high-quality housing across all tenures, this unique partnership, unmatched in the marketplace, will address the diverse needs of England’s growing ageing…
Britvic completes sale of its juice assets in France to Refresco
LONDON: Britvic Plc, one of the leading branded soft drinks businesses in Europe, has confirmed that Britvic has now completed the sale of its juice assets in France to Refresco. The sale, following approval by the French Competition Authority in July, includes the three juice manufacturing sites, related private label juice business and the Fruité brand….
PureTech Health appoints Kiran Mazumdar-Shaw to its Board of Directors
LONDON: PureTech Health plc announced the appointment of biotech entrepreneur Kiran Mazumdar-Shaw to its board of directors. Kiran Mazumdar-Shaw is an industry trailblazer who has spent her career surpassing societal expectations as the founder and chairperson of India’s largest and a leading global biopharmaceutical company, Biocon Limited. Driven by a commitment to provide access to…
Windar Photonics signs distribution and exclusivity agreement for the Chinese retro-fit market
LONDON: Windar Photonics plc has signed a new distribution and exclusivity agreement with a distributor in China and has received an initial order under the Agreement for 50 WindEye systems to be delivered in 2020, a news release said. Windar Photonics is the technology group that has developed a cost efficient and innovative LiDAR wind…
Sydbank to acquire Alm. Brand Bank for DKK 1.833 billion
LONDON: Sydbank will acquire Alm. Brand Bank and consequently take over all the bank’s employees and the bank’s customers, a news release said. Sydbank A/S and Alm. Brand A/S have concluded an agreement to this effect. The provisionally calculated purchase price totals DKK 1.833 billion. Moreover the agreement involves the establishment of a partnership to…
Colman Deegan becomes new CEO of Vodafone Spain
LONDON: On 1 November Colman Deegan will become the new CEO of Vodafone Spain and will join the Vodafone Group Executive Committee. Vodafone announced today that Antonio Coimbra will step down from his current executive role as CEO of Vodafone Spain effective 1 November. On the same day, he will be appointed as Non-Executive Chairman…