TORONTO: –(BUSINESS WIRE)–Hudson’s Bay Company (HBC) has entered into an amended arrangement agreement with a group of existing shareholders under which the HBC common shares held by the Company’s other shareholders will be acquired by HBC for $11.00 in cash per share. The Hudson’s Bay Company is a Canadian retail business group. A fur trading…
BMW North America sales increase 4.0% in December; close 2019 up 4.4%
WOODCLIFF LAKE–(BUSINESS WIRE)–BMW sales totaled 35,746 vehicles in December 2019, an increase of 4.0 percent over the 34,357 vehicles sold in December 2018. For the full year 2019 BMW sales increased 4.4 percent on total sales of 324,826, compared to the 311,014 vehicles sold in 2018. In 2019, BMW brand sales in the U.S. continued…
PSX all set to launch dividend shares index and exchange traded funds
KARACHI, PAKISTAN: Pakistan Stock Exchange (PSX) is all set to launch two new products including Exchange Traded Fund (ETF) and Dividend Index within a month, hoping to attract new investors to the saturating market. GM Product Development PSX Hasan Raza said a 20-shares index comprising high and consistently dividend paying stocks had been developed, “which…
Team17 Group acquires Yippee Entertainment for £1.4 million
LONDON, UK: Team17 Group has announced the acquisition of Yippee Entertainment Limited for a total consideration of circa £1.4 million. The business will operate under Team17 as a wholly owned subsidiary. Team17 is a global games label, creative partner and developer of independent (indie), premium video games. Yippee Entertainment is a multi-award-winning software developer and…
Oxford Nanopore announces £109.5mn of investment and secondary share sales
LONDON: IP Group’s portfolio company Oxford Nanopore Technologies Limited has raised £29.3 million of new capital and facilitated the secondary sale of £80.2 million of shares, an aggregate investment of £109.5 million. IP Group is the developer of intellectual property-based businesses. Following completion of the transaction, IP Group will hold an undiluted beneficial stake of…
EQTEC achieves financial close on its biomass power plant
LONDON, UK: EQTEC plc, the technology solution company for waste gasification to energy projects, has achieved financial close on the proposed construction and operation of a 2MW biomass plant by North Fork Community Power LLC (NFCP) on December 31, 2019. Accordingly, the Equipment Sale and Services Contract between the Company and NFCP, originally announced on…
Shell Pakistan collaborates with PakWheels to launch an exclusive portal
KARACHI: Shell Pakistan Limited is collaborating with Pakistan’s highly trusted automobile website, PakWheels.com to launch an exclusive portal. PakWheels is a website that provides information regarding vehicles; and has over the years won the trust of their visitors and established a good readership. Through this alliance , Shell Pakistan and PakWheels will provide a holistic…
EUKOR Car Carriers renews Hyundai Motor Group contract
OSLO, NORWAY: EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its contract with Hyundai Motor Group (HMG), maintaining a 40% volume share on existing rates. “The agreement confirms EUKOR Car Carriers’ strong position in Korea and is a proof of quality delivered under the existing contract,” says Craig Jasienski, CEO Wallenius Wilhelmsen….
XTD Limited completes acquisition of Adline Media Pty Ltd
PERTH, AUSTRALIA: XTD Limited, a service provider to out-of-Home advertising, has completed its acquisition of diversified media and marketing company Adline Media Pty Ltd. With the closing of the transaction, the Adline business will be integrated into XTD From January 2, 2020. XTD Chief Executive Officer, Adam Cadwallader, said the completion was the beginning of…
GrainCorp completes sale of Australian Bulk Liquid Terminals
SYDNEY, AUSTRALIA: GrainCorp Limited announced that the $333 million sale of its Australian Bulk Liquid Terminals business to ANZ Terminals Pty Ltd has completed. The sale includes 6 bulk liquid storage facilities but, as GrainCorp announced on 15 November 2019, excludes GrainCorp’s Port Kembla Liquid Terminal (NSW) to address potential competition concerns the ACCC had…
CLS Holdings sells 19 regional offices in UK for £65 million
LONDON, UK: CLS Holdings has sold a portfolio of 19 regional offices in the UK for an aggregate cash consideration of £65 million to Elite Capital Partners – a Singaporean investment firm. The offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset…
PIA implementing full scale electronic payment services
KARACHI, PAKISTAN: As a part of strategizing its position in the niche markets, and to opt for the latest technological platforms, Pakistan International Airlines (PIA) is implementing electronic payment services along with fraud prevention solution for booking, reservations and for future services offered by the airline through credit/debit cards, net banking, cash cards and immediate…