DUBAI, UAE: In a grand move to elevate the luxury retail landscape, Dubai Mall has launched the Elite Personal Shopping Suite. Managed by Emaar Malls, this exclusive service is nestled on the second floor of Fashion Avenue, promising a transformative shopping experience for the elite clientele. Following a record-breaking footfall of 105 million in 2023,…
Veidekke signs memo to acquire Euromining AB in Sweden for NOK 500 million
OSLO, NORWAY: Veidekke has entered into a memorandum of understanding relating to its acquisition of the company Euromining AB in Gällivare, Sweden, a machinery contractor focused on the mining industry. Euromining’s business complements Veidekke’s existing operations in northern Sweden, which currently concentrate primarily on infrastructure and mining newbuild projects. The acquisition encompasses not only Euromining…
Hexagon Purus and Hino Trucks unveil Tern, the new zero-emission truck
OSLO, NORWAY: Hexagon Purus, in collaboration with Hino Trucks, has unveiled ‘Tern’ – a brand dedicated to zero-emission trucks. The announcement was made at the Advanced Clean Transportation (ACT) Expo, marking the launch of their first vehicle, the RC8. This battery electric Class 8 tractor is specifically designed for the U.S. market and is a…
AFC Energy to power Niftylift’s innovative hydrogen-electric platforms
LONDON: AFC Energy (AIM: AFC), a pioneer in hydrogen power generation technology, has announced a strategic partnership with Niftylift, one of Europe’s leading mobile elevating work platform manufacturers. This collaboration is set to revolutionize the industry with the integration of AFC’s S Series fuel cell modules into Niftylift’s cutting-edge Hydrogen-Electric (H2E) range. John Keely, Managing…
Helical plc sells 50% stake in 100 New Bridge Street for £55 million
LONDON: Helical plc has entered into a joint venture arrangement for the redevelopment of 100 New Bridge Street, London EC4 selling a 50% interest for £55 million on a preferred equity basis to a vehicle led by Orion Capital Managers. The building, originally completed in 1992, will be taken back to the frame and comprehensively…
AstraZeneca announces $1.5 billion investment in Singapore manufacturing
LONDON: AstraZeneca has unveiled plans to construct a state-of-the-art manufacturing facility in Singapore, dedicated to the production of antibody drug conjugates (ADCs). This $1.5 billion venture marks the company’s first foray into manufacturing within Singapore and represents a significant step in enhancing the global supply of its ADC portfolio. ADCs, which are at the forefront…
EQT Group makes final offer to acquire Keywords Studios for 2,450 pence/share
RECOMMENDED FINAL CASH OFFER LONDON, UK: The Board of Keywords Studios plc confirms that it is in advanced discussions with a fund which is part of the EQT Group regarding a possible cash offer of 2,550 pence per share to acquire the entire issued and to be issued share capital of Keywords Studios. Keywords Studios…
Bigblu Broadband announces disposal of Brdy AS and Brdy Nordics AS
LONDON, UK: Bigblu Broadband plc has announced the sale of its Norwegian operations, Brdy AS and Brdy Nordics AS, to Brdy Holding AS, a company formed by the Norwegian Management Team and former CEO Andrew Walwyn. The enterprise value of the units sold is £1.3 million, with an initial consideration of £1 and potential additional…
British Land sells 50% stake in Meadowhall Shopping Centre to Norges Bank for £360m
LONDON, UK: In line with its strategy to focus on retail parks and reduce exposure to covered shopping centres, British Land announced that it has exchanged contracts for the sale of its 50% stake in Meadowhall Shopping Centre to its partner Norges Bank Investment Management for £360m. This follows the sale of some ancillary land…
Victorian Plumbing has acquired AHK Designs (Victoria Plum) for £22.5m
LONDON, UK: Victorian Plumbing (AIM: VIC), the UK’s leading bathroom retailer, announced the acquisition of the entire issued share capital of AHK Designs Ltd, trading as Victoria Plum on 17 May 2024, by Victorian Plumbing Limited, a subsidiary of the Company. Victoria Plum is an online only UK bathroom retailer, headquartered in Doncaster, UK. The…
Nuchev Limited agrees to acquire bWellness Pty Ltd for $7 million
SYDNEY, AUSTRALIA: Nuchev Limited (Nuchev) has officially declared its agreement to acquire all shares of bWellness Pty Ltd (bWellness), a leading distributor of high-efficacy health products. The acquisition, valued at $7.0 million, is structured on a cash-free, debt-free basis, with the consideration comprising equally of Nuchev scrip and cash. The cash component includes an 80%…
DGL Group to acquire Enlog Pacific Holdings for $2.35 million
SYDNEY, AUSTRALIA: DGL Group Limited (ASX:DGL) announce the proposed acquisition of Enlog Pacific Holdings Pty Ltd (Enlog), a specialist logistics business covering highly regulated materials and industrial services, subject to regulatory approvals. Enlog Pacific, which commenced operations in 1990, specializes in freight and logistics services for the safe management and transport of hazardous materials. Operating…