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)…
BASF construction chemical business sold for €3.17 billion
DUBAI: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the…
Ventia to purchase Broadspectrum for A$485 million
SINGAPORE: Infrastructure services company, Ventia has signed an agreement with Ferrovial S.A. to purchase Broadspectrum, subject to standard conditions and regulatory approvals. The acquisition is for an equity value of A$485 million. Ventia has fully committed financing for the transaction through existing funding and acquisition debt finance. The acquisition is expected to close in 2020….
TargetEveryone, Cloud Explorers sign new contract with PostNord
OSLO, NORWAY: TargetEveryone’s associated company in Norway, Cloud Explorers, signs a new contract with PostNord as a customer. PostNord offers communications and logistics solutions to, from and within the Nordic region. In 2018, PostNord delivered 3.3 billion letters and shipments, 171 million parcels to the Nordic region’s 27 million residents and two million businesses. PostNord…
EFG Hermes enters insurance business with proposed acquisition of Tokio Marine Egypt
CAIRO, EGYPT: EFG Hermes announced entry into a definitive sale and purchase agreement (SPA) to acquire a 75% stake in life insurance player Tokio Marine Egypt Family Takaful in a deal worth EGP 84.75 million. Under the agreement, which is subject to regulatory approval, EFG Hermes Finance and GB Capital will each own 37.5% of…
Fulcrum Utility Services to sell domestic customer gas connection assets and order book for £33mn
LONDON, UK: Fulcrum Utility Services Limited has entered into a conditional sale and purchase agreement to sell its domestic customer gas connection assets, including the order book and associated meters, to E.S. Pipelines Limited for £33 million in cash. The sale significantly strengthens Fulcrum’s balance sheet. The Company will repay existing borrowings of approximately £12…
Regency Mines signs strategic partnership with ion Ventures
LONDON, UK: Regency Mines Plc has signed a memorandum of understanding (MOU) with ion Ventures Ltd (IV), an investor in and developer of energy storage and flexibility assets. Regency, the battery metals and energy storage company, is strategically focused around battery metals, including its flagship Mambare nickel-cobalt project and its UK distributed energy storage and…
Lendlease Corporation selling its engineering business for $180 million
SYDNEY: Lendlease Corporation has entered into an agreement with Acciona Infrastructure Asia Pacific to sell its Engineering business for a purchase price of $180 million. The transaction, which is expected to complete in the first half of calendar year 2020, is subject to conditions including client and third party consents and regulatory approvals including the…