DUBAI, UAE: ADES International Holding PLC, a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a SAR 300 million Long Term Loan Facility from National Commercial Bank (NCB), a leading Saudi-based financial institution. The Facility has been secured against ADES 13 & 14 (the…
Uniphar announces completion of Durbin acquisition
DUBLIN: Uniphar plc has announced the successful completion of the acquisition of Durbin plc and Durbin Inc, a specialist provider of pharmaceuticals with offices in the UK and the US supplying over 160 countries. Durbin will be integrated into Uniphar’s Product Access division, providing the Group with the opportunity to become a leading player in…
GSK and Pfizer form new world-leading consumer healthcare joint venture
LONDON: GlaxoSmithKline (GSK) has completed its transaction with Pfizer to combine their consumer healthcare businesses into a world-leading Joint Venture (JV). GSK has a controlling equity interest of 68% and Pfizer has an equity interest of 32% in the Joint Venture. Joint Venture brings together two highly complementary portfolios of trusted consumer health brands, including…
Bidstack acquires Pubguard for £300,000
LONDON: Bidstack Group has acquired the entire issued share capital of Minimised Media Limited, which trades under the name ‘Pubguard’. Bidstack is an in-game advertising group. The consideration for the transaction of £300,000 will be entirely satisfied by the issue and allotment of 869,565 Bidstack ordinary shares credited as fully paid at a price of…
CentralNic completes $24mn acquisition of TPP Wholesale
LONDON: CentralNic Group has received the funds from its recent bond raise and, further to the announcement released on 20 May 2019, the acquisition of TPP Wholesale Group is now complete. Headline consideration for the acquisition was AUD $24 million. The acquisition of Hexonet Group, announced on 1 July 2019, is also expected to complete…
Shell commences $25 billion share buyback programme
LONDON: Royal Dutch Shell has announced the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018. In the next tranche, the company has entered into an irrevocable, non-discretionary arrangement with a broker to enable the purchase of A ordinary shares and/or B ordinary shares for a…
LSEG acquires Refinitiv for $27bn to become largest global FMI provider
LONDON: London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately US$27 billion. Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment…
Vodafone completes acquisition of European Liberty Global assets
LONDON: Vodafone Group has completed the acquisition of Liberty Global’s operations in Germany and the Czech Republic, Hungary, and Romania (CEE) for a total enterprise value of €18.4 billion. Vodafone now becomes Europe’s leading converged operator with 54 million cable and fibre households ‘on-net’ and a total next-generation network reach of 124 million homes and…
PSA International acquires Halterm container terminal
SINGAPORE: PSA International Pte Ltd (PSA) has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities. Halterm is the only container terminal in Eastern Canada that can serve mega container…
Dan Tan appointed CEO of Amos Group Limited
SINGAPORE: AMOS Group Limited, a supplier of products, services, and solutions to the marine and offshore industries, announced the appointment of Dan Tan as its new Chief Executive Officer (CEO). Tan joined Amos International Holdings as Chief Financial Officer in April 2017, which was later acquired by AMOS in October 2018. Tan was subsequently appointed…
Qatar National Cement posts profits
DOHA: Qatar National Cement Company disclosed its reviewed financial statements for the period ended on 30.06.2019. The statement shows that the net profit is QR 100.14 million compared to net profit amounting to QR 168.52 million for the same period of the previous year. Earnings per share (EPS) amounted to QR 0.153 for the period…
HRnetGroup acquires 11.67mn shares of Staffline for £21mn
SINGAPORE: HRnetGroup Limited has acquired 11.67 million shares of Staffline Group at a price of 180 pence for a total cash consideration of £21.009 million. Following the acquisition, HRnetGroup’s total holding in Staffline has increased to 17.154 million shares representing 24.89% of the total voting rights of Staffline. The transactions will be funded through internal…