MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties announced the acquisition of a corporate-operated BJ’s Restaurant and Brewhouse property for $4.2 million. The property is located in Arkansas and is occupied under a triple-net lease by BJ’s Restaurants, Inc. with approximately…
FCPT acquires seven Chili’s Restaurant properties for $28.7 million
MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties, acquired seven corporate-operated Chili’s restaurant properties for $28.7 million. The properties are located in Colorado, Louisiana, Mississippi, Oklahoma, and Texas, and are occupied under triple-net leases with approximately 14 years of term remaining…
Nestlé Pakistan to recycle 220 tons of plastic waste
LAHORE: Nestlé Pakistan, District Council Hunza, Gilgit Baltistan Waste Management Company (GBWMC) and Karakoram Area Development Organization (KADO) have signed an MoU for “Clean Hunza Project”. The project is supported by the company’s Nestlé Fruita Vitals and Nestlé Pure Life brands. “Clean Hunza Project” shall focus on infrastructure development for a waste segregation, management and…
Sovcombank to acquire Liberty Insurance
MOSCOW: Sovcombank and Liberty Mutual Group have entered into a definitive agreement whereby Sovcombank will acquire Liberty Insurance PJSC, a Russian subsidiary of Liberty Mutual. Boston-based LMHC, the parent corporation of the Liberty Mutual Insurance group of entities, is a diversified global insurer and third largest property and casualty insurer in the U.S. based on…
PetroTal signs oil sales contract with PETROPERU
CALGARY: PetroTal Corp., the Peruvian focused E&P company, announced an oil sales agreement with PETROPERU S.A., a state owned company, for oil production from the Bretaña oil field, operated 100% by PetroTal. Given the Company’s increased oil production from the Bretaña oil field in Peru, the oil sales agreement enables PetroTal to ship all oil…
Halo Labs to acquire Canmart Limited in UK for CAD 6 million
TORONTO–(BUSINESS WIRE)–Halo Labs Inc. has entered into a binding Letter of Intent (LOI) to acquire all of the common shares of Canmart Limited in the United Kingdom (UK). The total transaction size of the Canmart acquisition is anticipated to be C$6 million, payable in Halo common shares and at a deemed price of C$0.35 per…
Declining rates could threaten profitability of U.S. workers’ compensation line
NEW YORK: Declining rates and growing competition in the U.S. workers’ compensation insurance segment could begin to challenge carriers’ ability to retain profitable accounts and maintain market share, a new AM Best report said. The Best’s Market Segment Report, “Declining Rates Could Threaten Profitability of U.S. Workers’ Compensation Line,” states that rate decreases in the…
CentralNic completes acquisition of Team Internet
LONDON, UK: CentralNic Group has completed the acquisition of Team Internet, a web service provider based in Munich, Germany. CentralNic, the company that supplies domain name and web services subscriptions over its proprietary platforms to millions of businesses globally, also announced that, pursuant to the terms of the Transaction, as well as cash consideration of…
Etalon completes Fusion residential complex
LONDON: Etalon Group, the Russia based development and construction company, announces that it has completed the Fusion residential complex in the Vyborgskiy district of St Petersburg. The project has a total NSA of 14 ths sqm, including 10 ths sqm of residential area. Fusion is a nine-storey business-class building with underground parking and a built-in…
TBC Bank signs GEL 90 million loan agreement with European Investment Bank
LONDON, UK: TBC Bank Group’s subsidiary JSC TBC Bank has signed a loan agreement in the amount of GEL (lari) 90 million with the European Investment Bank (EIB) to finance micro, small and medium size businesses in Georgia and support the development of private enterprise. The funds are available to draw either in EUR, USD…
19 issuers list Commercial Papers on BSE
MUMBAI: Steel Authority of India Ltd, Housing Development Finance Corporation Ltd, JSW Steel Ltd and CEAT Ltd have made an application to list Commercial Paper at BSE for an Issue Size of Rs. 1,800 Crores, Rs. 1,100 Crores, Rs. 335 Crores and Rs. 50 Crores, respectively. BSE, Asia’s oldest exchange, announced the Framework for Listing…
PPL discovers gas in Balochistan
KARACHI: Pakistan Petroleum Limited (PPL) the operator of Margand Block with 100 percent working interest has made a hydrocarbons discovery from its 1st exploratory well Margand X-1 in the block. It is located in District Kalat, Balochistan Province. Margand X-1 was spud on 30 June 2019 and reached a depth of 4,500 meters (Measured Depth)…