SYDNEY: Viva Energy (ASX: VEA) has presented a court-enforceable divestiture plan to the Australian Competition and Consumer Commission (ACCC) concerning its proposed acquisition of the OTR Group. The proposal aims to address competition concerns, with the ACCC assessing its effectiveness in preserving competition in the South Australian retail fuel market. Viva Energy to acquire OTR…
Ingenia CEO to step down after 14 years of transforming the company
SYDNEY, AUSTRALIA: Simon Owen, the Managing Director and Chief Executive Officer of Ingenia Communities Group (ASX:INA), has announced that he will leave his position in 2024. He has led the company for more than 14 years, during which he oversaw its growth from a $30 million market capitalisation to over $1.7 billion. Owen was the…
H.I.G. Capital reaches agreement to acquire DX Group for £314.8 million
LONDON, UK: Transit Bidco Limited, an indirectly wholly-owned subsidiary of funds advised or managed by H.I.G. Capital LLC reached agreement on the terms of a recommended cash acquisition to acquire DX Capital Group, according to a notice. Under the terms, each DX shareholders will be entitled to receive 48.5 pence/share valuing DX’s entire issued and…
Immervision welcomes new CEO Michel Van Maercke
MONTREAL: Immervision, a company that creates solutions that see beyond human vision, has announced the appointment of Michel Van Maercke as its new CEO, effective from November 20, 2023. Van Maercke will succeed Pascale Nini, who will become the Executive Chairwoman of the company. Pascale Nini, who has led Immervision for over 20 years, said…
Mark Willis appointed CEO of Keller Williams
TEXAS: Keller Williams (KW), the global leader in residential real estate franchising based on agent count, has announced the immediate appointment of Mark Willis as CEO. Gary Keller, Co-founder, and Executive Chairman of KW expressed enthusiasm about the leadership change, stating, “We are excited to announce that Mark Willis has joined our leadership team as…
Karoon Energy to acquire 30% interest in Who Dat and Dome Patrol fields for $720mn
SYDNEY, AUSTRALIA: Karoon Energy Limited has entered into binding arrangements to acquire a 30% interest in the Who Dat and Dome Patrol fields and associated infrastructure, including the Who Dat Floating Production System (FPS), plus a 16% interest in the Abilene field, from LLOG Exploration Offshore, L.L.C. and LLOG Omega Holdings, L.L.C. (collectively, LLOG). In…
Andrada Mining secures $25 million funding package from Orion
LONDON, UK: Andrada Mining Limited, a metals and mining company with operations in Namibia, has announced the receipt of USD 25 million from Orion Resource Partners, a global resource funding partner. The funding package consists of a tin royalty, an equity subscription, and a convertible loan note, as well as warrants to acquire shares in…
Martin Murphy to step down as Chair of Syncona Investment Management Limited
LONDON, UK: Syncona Ltd announced that Martin Murphy is stepping down as Chair of Syncona Investment Management Limited (SIML) with Chris Hollowood taking on the role of Interim Chair and Chief Executive Officer (CEO) of SIML. Martin will continue to represent Syncona on the Boards of Autolus, Anaveon and Clade. Martin co-founded Syncona with the…
Mirriad signs agreement with a top three entertainment network in the US
LONDON, UK: Mirriad Advertising Plc, the leading in-content advertising company, has entered a master license and services agreement with one of the world’s leading multinational mass media entertainment companies to employ its platform to identify virtual product placement opportunities and introduce in-content advertising into the Partner Company’s content. The Agreement brings Mirriad’s AI-powered virtual in-content…
CBA to sell 99% shareholding in PT Bank Commonwealth for A$220m
SYDNEY, AUSTRALIA: Commonwealth Bank of Australia (CBA) it has entered into a binding agreement to sell its 99% shareholding in its Indonesian banking subsidiary, PT Bank Commonwealth (PTBC), to PT Bank OCBC NISP Tbk (OCBC Indonesia), a subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC) for an upfront cash consideration of approximately A$220m. CBA has been…
Ofwat launches investigation into South East Water’s supply resilience
LONDON, UK: Ofwat has opened an enforcement case into South East Water to investigate whether it has failed to develop and maintain an efficient water supply system. This announcement follows the regulator calling in the Board of South East Water before Ofwat’s Chair and Chief Executive to explain its performance over the last 18 months. …
Wheaton Precious Metals expands portfolio with $530 million stream acquisitions
LONDON, UK: Wheaton Precious Metals and its wholly-owned subsidiary, Wheaton Precious Metals International have finalized a definitive agreement with entities advised by Orion Resource Partners to acquire existing streams related to Ivanhoe Mines’ Platreef Project and BMC Minerals’ Kudz Ze Kayah Project. Additionally, Wheaton International has entered into a new precious metals purchase agreement for…