LONDON, UK: Kanabo Group Plc signed a non-binding term sheet with 11157353 Canada Corp, which trades under the name of Materia, to acquire Materia’s European businesses, a news release said. The acquisition is to be fully satisfied through the issue of Kanabo shares. As part of the Proposed Transaction, Kanabo will also make a loan…
LONDON: STM Group Plc (LON: STM) announced the unconditional sale of its Jersey based trust and company services businesses (STM Jersey) for a minimum net cash consideration of £1.40 million. The sale completes the Company’s strategy to exit the CTS sector, and focus on its core activities of pension administration and life assurance. The sale…
LONDON: STM Group, the multi-jurisdictional financial services group, announced the unconditional sale of its Gibraltar based trust and company services business and its tax compliance business for consideration of £2.45 million plus net assets upon completion of approximately £0.57 million. The sale complements the Company’s strategy to focus on its core activities of pension administration…
LONDON: Anglo Pacific Group has agreed to acquire a holding company that, in turn, holds a 70% net interest in a stream on cobalt production from the Voisey’s Bay mine in Canada from private equity sellers for cash consideration of US$205 million at closing and further contingent consideration of up to US$27 million. This is…
OLDWICK: AM Best has affirmed credit ratings of Mercury Casualty Group’s members and Mercury General Corporation based on strong balance sheet, operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of…
American International Group Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of January 1, 2019, AIG companies employed 49,600 people. The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes…
LONDON: STM Group Plc, the cross-border financial services provider, has this week signed a credit facility with Royal Bank of Scotland (International) Limited (RBSI), to support its M&A growth strategy. The credit facility is for £5.5m, is to be used purely for acquisitions, and is expected to be drawn down in line with acquisition milestones…
TORONTO: A syndicate of underwriters co-led by Cormark Securities Inc. and Canaccord Genuity Corp. has agreed to purchase 17.86 units from the treasury of Bragg Gaming Group Inc., at a price of $0.70 per unit and offer them to the public by way of short form prospectus for total gross proceeds of approximately $12.5 million….
Macquarie Group Limited (/məˈkwɔːri/) is an Australian multinational independent investment bank and financial services company. Headquartered and listed in Australia (ASX: MQG), Macquarie employs more than 14,000 staff in 25 countries, is the world’s largest infrastructure asset manager and Australia’s top ranked mergers and acquisitions adviser, with more than A$495 billion in assets under management….
SYDNEY: Westpac Group has announced it will be selling its 10.7% stake in Zip Co Limited by way of a fully underwritten book build to institutional investors domiciled in Australia and other relevant jurisdictions. The offer price for the shares is $6.65 per share, which equates to a discount of 6.07% to Zip’s last closing…
LONDON: Frasers Group announced the acquisition of certain of the assets of Dave Whelan Sports Limited (DW) from the administrators of DW for an initial cash consideration of £37 million. Pursuant to the Transaction, the Company has acquired certain of the assets relating to DW’s gym and fitness business, including certain stock but excluding the…
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom’s largest sports-goods retailer and operates roughly 670 stores worldwide. The company owns many sporting brands and trades predominantly under the SportsDirect.com brand. Other retailers owned by the company include House…