LONDON: RDI REIT Plc, the income focused UK Real Estate Investment Trust (UK-REIT), confirms that it has completed on the disposal of its UK retail parks portfolio of six assets. The headline price of £156.9 million reflects a 3.0 per ent discount to the last reported 29 February 2020 values and a topped-up net initial…
Nucleus Financial Group acquires of certain assets of OpenWealth
LONDON: Nucleus Financial Group has entered into a binding agreement to acquire the UK business and assets of Genpact Wealth Management UK Limited (which operates under the trading name OpenWealth) as they pertain to Nucleus for a total cash consideration of £1.5 million. Completion is expected to take place by the end of the year….
Coro Energy acquires interest in ion Ventures Holdings Ltd
LONDON, UK: Coro Energy plc has acquired a 20.3% shareholding in ion Ventures Holdings Limited, a South East Asian and UK focused developer of clean energy projects, including renewables and battery storage for cash consideration of £500,000, a company announcement said. Alongside this initial investment, the Company has been granted a priority right of first…
Mail.ru Group sells MAPS.ME for RUB 1.557 billion
LONDON: Mail.ru Group Limited, one of the largest Internet companies in the Russian-speaking Internet market, announced the completion of the sale of 100% of MAPS.ME, a mobile maps and navigation service based on OpenStreetMap data, to Daegu Limited (member of Parity.com Group) for RUB 1.557 billion. According to a corporate announcement, Mail.ru Group acquired MAPS.ME…
Ocado acquires Kindred Systems and Haddington Dynamics to enhance its robotic manipulation capabilities
LONDON: Ocado Group plc announced proposed acquisition of Kindred Systems Inc. for consideration of approximately US$262 million; and Haddington Dynamics Inc. for approximately US$25 million, a company announcement said. Tim Steiner, CEO of Ocado, commented: “We consider the opportunities for robotic manipulation solutions to be significant, both for Ocado Smart Platform clients and across the…
Financial Conduct Authority to further support mortgage borrowers impacted by coronavirus
LONDON: Government announced further measures to control the spread of coronavirus (covid-19). “As we adapted the support available to mortgage borrowers, we said we will keep it under review. As a result, on Monday 2 November, we will propose updates to our guidance to support mortgage borrowers,” an official statement noted. It is important that…
Marlowe Plc acquires Black & Banton Occupational and Physical Health Limited
LONDON: Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, has acquired Black & Banton Occupational and Physical Health Limited for an initial consideration of £1.1 million, a financial news release noted. Black & Banton, established in 2001, is headquartered in Gateshead, Tyne and Wear, and provides occupational…
Polymetal International signs first Green Loan under newly adopted green financing framework
LONDON: Polymetal International has agreed the first US$ 125 million Green Loan in the Russian metals and mining industry with Societe Generale to finance investments in transition to a sustainable and low-emissions economy under the Green Financing Framework. “We want our business model to be sustainable and we are actively investing in energy efficient technologies…
Gresham House sells 50MW grid level battery storage project for £32.5 million
LONDON: Gresham House has sold a further battery storage project to Gresham House Energy Storage Fund plc on 30 October 2020. The c.50MW battery-only project located near Thurcroft, to the east of Rotherham was sold for a total enterprise value of approximately £32.5 million (plus up to £0.75 million of deferred contingent consideration) and is…
Ooredoo appoints Aziz Ahmed Fakhroo Managing Director for the Group
DOHA: Ooredoo Q.P.S.C. announced the appointment of Mr. Aziz Ahmad Fakhroo as Managing Director of Ooredoo Group, as of 1 November 2020. Mr. Aziz is a member of Ooredoo’s Board of Directors since 2011. He is currently Deputy Undersecretary for Financial Affairs at the Ministry of Finance. Previously, he was Assistant Undersecretary for General Budget…
Bitterz, a Japanese Crypto Exchange launching today is giving away Bitcoin
KINGSTOWN: Bitterz LLC announced that global crypto exchange Bitterz in Japan will start to provide services to customers in China, Hong Kong and Taiwan. To celebrate the grand opening, Bitterz is currently offering $50 worth of bitcoins to all customers who open a new account (free of charge). Main features of Bitterz: A safe environment…
Inspire Brands agrees to acquire Dunkin’ Brands in a $11.3 billion deal
Adds iconic Dunkin’ and Baskin-Robbins brands to Inspire’s portfolio, which includes Arby’s, Buffalo Wild Wings, SONIC Drive-In, and Jimmy John’s ATLANTA: Inspire Brands Inc. and Dunkin’ Brands Group Inc. have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in a cash transaction valued at approximately $11.3…