LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired acquisition of three hostels in Warsaw, Prague and Bratislava from Dreamgroup Management E.C.P. Ltd for a total consideration of €3.7 million. It has increased Safestay’s network to more than 5,000 beds across 21 hostels, all centrally located in…
Marshall Motor acquires business and assets from Jardine Motor Group
LONDON, UK: Marshall Motor Holdings has acquired the business and assets of a portfolio of Volkswagen and ŠKODA passenger and commercial vehicle franchises from Jardine Motor Group UK Limited for up to £22.3 million cash including £13.0 million of inventory. The businesses comprise six Volkswagen passenger car franchises in Aylesbury, Harlow, Letchworth, Loughton, Milton Keynes…
Versarien to participate in Airbus led Graphene Flagship project
LONDON, UK: Versarien Plc has been selected to participate in the Graphene Flagship project led by Airbus. Versarien is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Funded by the European Commission, the Graphene Flagship facilitates cooperation between its partners,…
NextEnergy awarded LSE’s Green Economy Accreditation
LONDON: NextEnergy Solar Fund has been awarded the London Stock Exchange’s new Green Economy Mark, which recognises companies, and investment funds that derive over 50% of their annual revenues from products and services that contribute to the Green Economy. The London Stock Exchange launched the Green Economy accreditation on 11 October 2019 to support equity…
Pearson to sell its remaining stake in Penguin Random House for $675mn
LONDON, UK: In line with its simplification strategy, Pearson Plc has signed an agreement to sell its remaining 25% stake in Penguin Random House to partner Bertelsmann SE & Co KGaA for a consideration of approximately $675 million. This transaction values the Penguin Random House venture at an enterprise value of $3.67 billion, compared with…
SICO becomes issue execution advisor to proposed acquisition of BISB by National Bank of Bahrain
MANAMA, BAHRAIN: SICO BSC has been recently appointed as issue execution advisor, receiving agent, and allotment agent in the proposed voluntary acquisition of Bahrain Islamic Bank (BISB) by National Bank of Bahrain (NBB). SICO BSC is a leading regional asset manager, broker, market maker and investment bank (licensed as a wholesale bank by the CBB)….
StrongPoint announces 2020 launch of Mobile Grocery Click & Collect Locker
RÆLINGEN, NORWAY: StrongPoint ASA has announced its 2020 launch of the Mobile Grocery Click & Collect Locker. The first order is already signed with Axfood in Sweden for 4 pilot lockers to be placed in the Stockholm region. “The Mobile Grocery Click & Collect Locker is a great addition to our existing Click & Collect…
Shearwater GeoServices awarded eastern offshore India campaign
OSLO, NORWAY: GC Rieber Shipping ASA‘s 20% owned geoservices company Shearwater GeoServices has been awarded a combined 2D and 3D broadband marine seismic acquisition campaign by ONGC in Eastern Offshore, India. The contract is planned for execution in the first half of 2020. The survey covers 1,600 sq. km of 3D and 800 km of…
Scatec awarded three solar power projects totaling 360 MW in Tunisia
OSLO, NORWAY: Scatec Solar, an integrated independent solar power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide, has been awarded three solar power plant projects in Tunisia totaling approximately 360 MW, following an international tender launched by the Tunisian Ministry of Industry and SMEs earlier this year. “We are excited to secure our…
Uniti Group acquires 1300 Holdings
ADELAIDE: Uniti Group Limited (UWL) has completed its acquisition of 1300 Holdings Pty Ltd and subsidiaries (1300). Settlement of the 1300 acquisition occurred with the issue of 12,345,682 ordinary fully paid shares in UWL, together with a net cash payment of $58 million. The 1300 acquisition is highly complementary with UWL’s Speciality Services pillar and…
Star Resources to acquire stake in Kalgoorlie Super Pit gold mine, associated assets for $800mn
SUBIACO: Star Resources has agreed with Newmont Goldcorp Corporation’s Australian subsidiary to acquire 50 percent of the Kalgoorlie Super Pit gold mine for US$775 million and additional associated assets for US$25 million, taking the total consideration to US$800 million. The acquisition will generate a host of substantial benefits for Northern Star shareholders. The acquisition also…
Founders First Limited successfully lists on the Australian Securities Exchange
SYDNEY, AUSTRALIA: Founders First Limited has announced the successful completion of its Initial Public Offer and listing on the Australian Securities Exchange (ASX). Founders First funds many different growth strategies; including acquisitions, sales & marketing, expansion rollouts, exporting and fixed assets. Founders First Limited raised $15.78 million comprising 31.561 million new, fully paid ordinary shares…