SINGAPORE: CapitaLand Limited has been recognised as one of the world’s most sustainable corporations for the third consecutive year. CapitaLand was ranked 63 in the 2020 Global 100 ‘Most Sustainable Corporations In The World’ index by Corporate Knights Inc. This is CapitaLand’s eighth inclusion in the prestigious index. In Corporate Knights Inc’s analysis of company…
Rostelecom establishes strategic partnership with Russian Internet Initiatives Development Fund
MOSCOW: Rostelecom PJSC and the Internet Initiatives Development Fund (IIDF) are establishing a strategic partnership, launched to develop the Russian venture capital market. Rostelecom will collaborate with IIDF by joining the Fund’s Investment Division charter capital “IIDF Invest” – a shareholder in more than 350 IT start-ups. Rostelecom investments will boost the fund’s portfolio and…
Aberdeen completes €49.9 million acquisition of logistics warehouse in Den Hoorn
LONDON: Aberdeen Standard European Logistics Income has completed its acquisition of the freehold logistics warehouse in Den Hoorn, the Netherlands, for a net value of €49.9 million, providing a net initial yield of 4.5%. This is a newly built warehouse on a perpetual leasehold with the option to purchase the freehold from the local municipality….
TRIG signs contract to acquire Blary Hill Energy Limited
LONDON: The Renewables Infrastructure Group (TRIG) has exchanged contracts to acquire a 100% interest in Blary Hill Energy Limited, with the rights to construct a 35MW wind farm located on the Kintyre Peninsula, West Scotland. The investment is expected to complete during Q1 2020. The project, developed by RES, will consist of 14 Nordex N90…
Caledonia Mining acquires 15% stake in Blanket Mine
ST HELIER: Caledonia Mining Corporation has completed the purchase of an additional 15 percent shareholding in Blanket Mine for $16.667 million. On November 6, 2018, Caledonia announced it had entered into a legally binding agreement with Fremiro Investments (Private) Limited to purchase Fremiro’s 15 percent shareholding in Blanket Mine. Completion of the purchase required approvals…
Cambria acquires Aston Martin and Rolls-Royce cars franchise for £1.6 million
LONDON: Cambria Automobiles has announced the acquisition of one Aston Martin franchise and one Rolls-Royce Motor Cars franchise in Edinburgh from the administrator of Leven Cars Group Limited. The total cash consideration, which includes one freehold and one leasehold property along with certain fixed assets, is £1.6 million and this will be funded from the…
Pennant International to acquire Absolute Data Group for AUD 6.5 million
LONDON: Pennant International Group has exchanged contracts to acquire the entire issued share capital of Australian software business, Absolute Data Group (ADG). The maximum consideration for the acquisition is AUD 6.5 million (£3.44 million), subject to adjustment on completion for cash, working capital and debt. 50% of the price is payable upfront with AUD 0.325…
AppsVillage signs agreement with CRiskCo to drive microfinance revenue growth
SYDNEY: AppsVillage Australia Ltd, a SaaS solutions provider for small and medium businesses, signed an agreement with a leading B2B credit risk analytics company Credit Risk Community, Inc. (CRiskCo) to integrate its credit risk analysis technology into the AppsVillage Capital platform. This integration will enable AppsVillage to use accounting data analytics and artificial intelligence (AI)…
THC Global to supply Canndeo products into Australia & New Zealand markets
SYDNEY: MGC Pharmaceuticals Ltd has signed a supply agreement with THC Global Group Limited to produce and supply white label pharmaceutical grade Canndeo branded phytocannabinoid products to Australia and New Zealand for THC Global, adding a new revenue stream to the Company. Under the binding Supply Agreement between MCG Pharma and THC Global Group Limited,…
BAE to acquire Collins GPS Business and Raytheon’s Radio Business for $2.2bn
LONDON: BAE Systems plc has entered into a definitive Asset Purchase Agreement to acquire Collins Aerospace’s Military Global Positioning System business (GPS business) for $1.925 billion in cash, subject to customary closing adjustments. The Company has also entered into a definitive Asset Purchase Agreement to acquire Raytheon’s Airborne Tactical Radios business (Radios business) for $275…
Target Healthcare acquires new development site in Cheshire for £9.7 million
LONDON: Target Healthcare has completed the acquisition of a new development site in Cheshire, for £9.7 million, as it continues to deploy the proceeds from its recent oversubscribed capital raise. The Group is also pleased to confirm that it has now completed on the three previously announced acquisitions located in Yorkshire and Wales. In addition,…
Lucyd launching third line of Lucyd Loud Bluetooth glasses on 27 January
LONDON: Tekcapital plc announced that its portfolio company Lucyd Ltd, the smartglass developer and operator of eShop for tech eyewear, is launching their third line of Lucyd Loud Bluetooth glasses on 27 January 2020. These prescription compatible, audio glasses offer enhanced sound quality, comfort and style at an attractive price. Lucyd Loud eyewear is its…