OSLO: As part of it’s simplification programme, Telenor has decided to sell the headquarter office building at Fornebu, Norway (HQ) to NPRO Holding AS, a wholly owned subsidiary of Norwegian Property ASA (NPRO). The net purchase price will be approximately NOK 5 billion, which will be received on completion. As part of the transaction, Telenor…
Capitaland Retail China Trust to issue S$100 million fixed rate perpetual securities
SINGAPORE: HSBC Institutional Trust Services (Singapore) Limited , in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has priced S$100 million fixed rate subordinated perpetual securities. The Perpetual Securities will be issued under the S$1.0 billion Multicurrency Debt Issuance Programme established by the Issuer. The Perpetual Securities will have no fixed redemption date…
BELLUS Health announces launch of a public shares offering in Canada and the United States
LAVAL, QUEBEC: BELLUS Health Inc. announced the filing of a preliminary prospectus supplement in connection with a proposed public offering of its common shares. BELLUS Health intends to use the net proceeds of the Offering primarily to fund research and development activities, general and administrative expenses, working capital needs and other general corporate purposes. The…
First Women’s Bank selects Fiserv to enable the bank’s launch in early 2021
BROOKFIELD: Fiserv Inc. announced First Women’s Bank, a de novo institution in organization with a strategic focus on the women’s economy through small business lending and other financial services, has selected Fiserv to enable the bank’s launch in early 2021. The bank will leverage core processing and a full range of digital engagement technology from…
Windstream Enterprise names Brad Smith as new channel chief
LITTLE ROCK: Windstream Enterprise (WE), a managed communications services provider, announced organizational changes to its channel partner program. Brad Smith, currently vice president – Indirect Sales at Windstream Enterprise, has been promoted to head of Strategic Channels. “Brad has led award-winning national sales teams for large communications companies. His promotion to Channel Chief ensures the…
BASF and GO Pakistan sign MoU for research-based collaboration for the automotive industry
KARACHI: BASF has entered a partnership with Gas and Oil (GO) Pakistan to help vehicles improve fuel efficiency and reduce their environmental impact, a news release said. A memorandum of understanding (MoU) was signed in the presence of Faisal Akhtar, Managing Director, BASF Pakistan and Zeeshan Tayyeb, Chief Operating Officer, GO Pakistan. Under the MoU,…
Escrow.com goes live with eBay as exclusive payments provider for high value watches
SYDNEY: Escrow.com, a 100% owned subsidiary of Freelancer Limited, has been selected by eBay as the exclusive payments provider for a new and enhanced experience for securely transacting luxury watches. The eBay Watches partnership follows the announcement in June 2020 of eBay Motors in the United States selecting Escrow.com as the only online payment method…
Dexus and HWPF acquire the Australian Bragg Centre in a $446.2 million deal
PERTH: Dexus and the Healthcare Wholesale Property Fund (HWPF) have exchanged contracts to acquire (in 50/50 co-ownership) the Australian Bragg Centre in Adelaide from Commercial & General, a news release said. The asset was acquired for a development completion price of $446.2million, making the transaction one of the largest single-asset private healthcare acquisitions in Australia….
Australian Family Lawyers expands to Western Australia
PERTH: The Board of AF Legal Group Ltd announced its expansion to Western Australia with the opening of a new office in Perth via the recruitment of a new lateral hire. The Perth office will open in November 2020 and be AFL’s fifth office to open this calendar year following successful openings in Canberra (ACT),…
Emirates NBD posts net profit of AED 5.6 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 5.6 billion in the first nine months of 2020, a news release said. Net interest income increased 21% y-o-y and non-funded income grew 9% y-o-y with the full year inclusion of DenizBank. Net profit declined 55% y-o-y due to…
Britvic signs 20-year franchise bottling agreement for PepsiCo carbonated brands in Great Britain
LONDON: Britvic Plc has reached agreement with PepsiCo for a new and exclusive 20-year franchise bottling agreement for the production, distribution, marketing and sales of its carbonated soft drink brands – including Pepsi, 7UP and Mountain Dew – in Great Britain. The new agreement extends the relationship, which commenced in 1987, to 31 December 2040…
Jody Ford to become new CEO of Trainline plc
LONDON: Trainline plc,a one‐stop shop for rail and coach travel, announced that Chief Operating Officer Jody Ford will assume the office of Chief Executive Officer (CEO) as Clare Gilmartin will be stepping down as CEO and a Board Member at the end of February 2021. Clare will remain involved in the business thereafter as a…