LONDON, UK: Foxtons Group, London’s leading estate agency, announced disposal of the D&G sales business and all of its branches, by way of the sale of Douglas & Gordon Limited (D&G), and the integration of the D&G lettings business into the Foxtons network. Strategic rationale The acquisition of lettings books and businesses is a key…
Observe Medical ASA to acquire Biim Ultrasound for EUR 18.5mn
OSLO, NORWAY: Observe Medical ASA will acquire 100% of the shares in Biim Ultrasound AS at approximately NOK 185 million (EUR 18.5 million) in cash and shares. The agreement further strengthens Observe Medical’s position as a Nordic-based medtech platform with global reach. The Company will continue its focus on improving patient welfare and outcome, promoting…
iCandy to acquire gaming backend technology provider, Gameconomy
SYDNEY, AUSTRALIA: iCandy Interactive has signed a binding term sheet to acquire a 60% shareholding in gaming backend technology tools provider Gameconomy for a cash and share equivalent consideration of A$497,297. Based in Kuala Lumpur, Malaysia, Gameconomy is a gaming backend technology development company that has progressed through two global incubator/accelerator programs: Founder Institute and…
SSR Mining agrees to sell Pitarrilla project in Mexico for $127mn
DENVER: SSR Mining Inc. has entered into a definitive agreement to sell its Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. for total consideration of up to US$127 million. Total consideration consists of US$35 million in cash, US$35 million in Endeavour Silver shares (with the number of shares to be issued based on the…
Steven Chaur appointed MD & CEO of Wellness and Beauty Solutions
SYDNEY, AUSTRALIA: Wellness and Beauty Solutions Limited announced Steven Chaur has been appointed as Managing Director and Chief Executive Officer of the company effective from 24 January 2022. Steven Chaur is a transformational leader who has delivered sustainable shareholder value growth in competitive and dynamic sectors such as consumer food products, specialised industrial products and…
Reinhold Schmidt, CEO of New Hope Corporation, resigns
SYDNEY, AUSTRALIA: New Hope Corporation announced that Reinhold Schmidt has resigned as the company’s Chief Executive Officer, following a short period of personal leave. The Board has accepted Schmidt’s resignation which is effective immediately. The Board has appointed Chief Financial Officer Mr Rob Bishop as Acting Chief Executive Officer. Mr Bishop will receive a higher…
Arora family selling 4.0% shares in B&M Stores
LONDON, UK: SSA Investments, the Arora family investment vehicle, announced to sell approximately 40 million ordinary shares constituting 4.0 per cent shares in B&M European Value Retail (B&M Stores) by way of an accelerated bookbuild to institutional investors. The seller currently owns directly and indirectly 109.9 million ordinary shares representing approximately 11% of B&M’s issued…
Team17 acquires astragon Entertainment in a €100mn deal
LONDON, UK: Team17 has entered into a definitive agreement to acquire astragon Entertainment GmbH for a maximum cash consideration of €100 million. The initial cash consideration payable is €75 million, with a further consideration of up to €25 million payable in cash on the delivery of EBITDA performance targets for the financial years ending December…
Tesco to delist from Euronext Dublin
LONDON, UK: Tesco PLC has made an application to Euronext Dublin for the delisting of its ordinary shares from Euronext Dublin. The delisting will simplify regulatory compliance obligations of Tesco PLC. Any delisting of Tesco PLC’s ordinary shares from the Irish market is subject to the approval of Euronext Dublin and would have no impact…
Moat Homes appoints Mary Gibbons as new Chief Executive
LONDON, UK: Moat Homes Limited has announced Mary Gibbons as its new Chief Executive (CEO). Mary Gibbons will join Moat Homes Limited, a leading regional housing association managing over 20,000 homes across the southeast, on the 25 April 2022. Mary is currently Chief Executive at CHP who own and manage over 10,700 homes and provide…