LONDON, UK: Elektron Technology plc has entered into a conditional agreement with a special purpose vehicle wholly-owned by Equistone Partners Europe to sell the entire issued share capital of Elektron Technology UK Limited (which holds the Bulgin business) for a total cash consideration of £105 million. Net proceeds after all costs including the settlement of…
Henry Boot secures second stage of £180 million regeneration project
LONDON: Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces that its subsidiary, Henry Boot Construction Limited has signed a contract with Barnsley Council to deliver Phase 2 of The Glass Works development scheme. The Glass Works Phase 2 is the second stage of a £180 million regeneration…
Resolute to acquire Toro Gold for US$ 274 million
LONDON: Resolute Mining Limited has signed a binding agreement (Implementation Agreement) with Toro Gold Limited pursuant to which Resolute will acquire all of the shares of Toro Gold for US$ 274 million (US$130 million cash and 142.5 million Resolute shares). Toro Gold’s flagship asset is the low-cost, high-margin Mako Gold Mine (Mako) located in Senegal….
Thalassa’s Swiss subsidiary announces initial FinTech acquisition
LONDON, UK: The board of Thalassa Holdings announced its maiden FinTech investment in line with its stated investment policy. The company’s wholly owned Swiss subsidiary, Apeiron Holdings A.G. has exchanged a contract, which is expected to complete by the end of September 2019, for the acquisition of id4 A.G., a RegTech company registered in the…
Ricardo Plc completes acquisition of PLC Consulting
LONDON: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, announced that further to the statement on 1st July 2019, it has completed the acquisition of the entire share capital of PLC Consulting Pty Ltd for a total maximum cash consideration of AUD 9.64 million, subject to any adjustment to reflect net cash…
Harwood Wealth Management to acquire Goldwyns Wealth Management
LONDON: Harwood Wealth Management Group, a leading UK based financial planning and discretionary wealth management business, has exchanged contracts to purchase Goldwyns Wealth Management Limited, based in Southend on Sea, and the trade and assets of Andrew Routley Pension Limited, based in Portsmouth; both are established financial advisory firms. The purchase price for Goldwyns is…
Liontrust to acquire Neptune Investment Management
LONDON: Liontrust Asset Management Plc, the specialist independent fund management group, has entered into a conditional share purchase agreement with the significant shareholders of Neptune Investment Management Limited to purchase the entire issued share capital of Neptune Investment Management Limited for a total consideration of up to £40 million. The proposed acquisition includes the highly…
Vodafone Group completes sale of Vodafone New Zealand
LONDON: Vodafone Group Plc has completed the sale of 100% of Vodafone New Zealand Limited (VFNZ) to a consortium comprising Infratil Limited and Brookfield Asset Management Inc. for a cash consideration equivalent to an Enterprise Value of NZ $3.4 billion (€2.1 billion). Vodafone and VFNZ have now entered into a Partner Market agreement, which includes…
Synagie signs agreement with Amer Sports to manage its e-commerce platforms
SINGAPORE: Synagie Corporation Ltd., Southeast Asia’s leading e-commerce enabler that assists brands to execute their e-commerce strategies using its cloud-based platform, has signed an agreement with Amer Sports Malaysia to manage its e-commerce platforms business in Southeast Asia. Amer Sports Malaysia Sdn Bhd is a subsidiary of NASDAQ Helsinki listed Amer Sports Corporation, a leading…
More than 70% of units in CapitaLand’s and ParkCity’s JV residential development in Kuala Lumpur sold
SINGAPORE: Park Regent, CapitaLand’s joint venture residential development with Malaysia’s ParkCity Group, achieved strong sales at its priority launch in Kuala Lumpur, Malaysia. Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail, said: “We are very encouraged by the positive response to Park Regent, which is more than 70% sold. The keen…
Woqod and Al Meera to enter into an agreement to manage and operate Woqod convenience stores
DOHA: Qatar Fuel Company (WOQOD) and Al Meera Consumer Goods Company (AL MEERA) announced that they had signed a memorandum of understanding wherein WOQOD and AL MEERA will enter into an agreement to operate and manage current and prospective WOQOD’s Sidra Convenience Stores, currently aggregating 65 C-stores’ outlets. Both parties have agreed to exert their…
K-Electric holds its 107th Annual General Meeting – FY 2017
KARACHI: K-Electric (KE) held its 107th Annual General Meeting (AGM) – FY 2017, at a local hotel in Karachi. The meeting was chaired by Ikram Sehgal, Chairman KE Board, in the presence of Moonis Alvi, CEO; Aamir Ghaziani, CFO; Rizwan Dalia, Company Secretary & CPO and other members of the Board and KE leadership. A…