LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Izomaks Industries LLC (Kingdom of Saudi Arabia), a leading manufacturer of waterproofing products (floors, roofs) in Saudi Arabia, a statement said. Izomaks Industries operates two manufacturing facilities in Riyadh, employs around 140 people and will generate revenues of approximately €60 million in 2023. This…
General Atlantic takes majority stake in Joe & the Juice
NEW YORK: Global investor General Atlantic has finalized an agreement to acquire a majority interest in Joe & the Juice, a rapidly expanding brand known for its fresh juices, coffee, and sandwiches. This move marks the exit of Valedo Partners, the previous investor in the company. General Atlantic, which initially invested in Joe & the…
Marwyn Value Investors Limited invests in Zegona’s acquisition of Vodafone Spain
LONDON, UK: Marwyn Value Investors Limited (MVIL) has announced that its funds managed by Marwyn Investment Management LLP have participated in a €300 million (£262 million) equity placing by Zegona Communications Plc, a notice said. Zegona is a company that follows a ‘Buy-Fix-Sell’ strategy in the European TMT sector. Zegona has recently agreed to buy…
IMCD India to acquire two business lines from CJ Shah & Company
ROTTERDAM: IMCD N.V., a global leading distribution partner, and formulator of speciality chemicals and ingredients, announced that the IMCD India has signed an agreement to acquire two business lines from CJ Shah & Company for Cellulose Acetate Butyrate, Coalescing Agent, Polyolefin Polymers, and other chemicals primarily for Paints, Coatings, Adhesives and Lifesciences applications. With 20…
TotalEnergies to acquire for $635mn gas-fired power plants in Texas
PARIS, FRANCE: TotalEnergies has signed an agreement with TexGen, a U.S.-based company to acquire for $635 million three gas-fired power plants with a total capacity of 1.5 GW in Texas. The three plants, which are connected to ERCOT (Electric Reliability Council of Texas), the second largest power market in the United States, consist of the…
HICL disposes of University of Sheffield accommodation for £18m
LONDON, UK: The Board is pleased to announce that HICL has entered into an agreement to dispose of its entire equity interests in the University of Sheffield Accommodation Project for a consideration of c. £18m. Proceeds from the sale represent a small premium to the Company’s last audited valuation at 31 March 2023, which has…
Atalaya Mining plans to move to the Main Market and leave AIM
LONDON, UK: Atalaya Mining Plc (AIM: ATYM) has announced its intention to apply for a premium listing on the Main Market of the London Stock Exchange plc, and to stop trading on the AIM market. Atalaya is a leading European copper producer, which is a key metal for economic growth and the energy transition. Atalaya…
Carr’s Group announces leadership changes and results date
LONDON, UK: Carr’s (CARR.L), the Speciality Agriculture and Engineering group, has revealed some changes to its leadership team, as well as the date for its annual results. As announced earlier, Peter Page, the current Chief Executive Officer, will leave the Board and the Company on 17 November 2023. He will be succeeded by David White,…
Dar Global announces expansion into Saudi Arabia
LONDON, UK: Dar Global, the luxury international real estate developer, is strategically expanding its geographical presence to include Saudi Arabia given several promising opportunities that have been presented and which are currently being evaluated by the management team. The Group will continue to focus on its strategy of delivering high-end, bespoke investment opportunities to affluent…
Midwich Group agrees to acquire prodyTel Distribution Gmbh for upto £18.7 million
LONDON, UK: Midwich Group (AIM: MIDW), a global specialist audio visual distributor, has entered a binding agreement to acquire prodyTel Distribution Gmbh, a distributor of professional audio and technical solutions products based near Nuremberg, Germany. The deal will be funded from Midwich’s existing facilities and is expected to be earnings enhancing in the first full…
ANZ reports record revenue and profits, CEO Shayne Elliott shares insights
SYDNEY, AUSTRALIA: Shayne Elliott, the CEO of ANZ, revealed the bank’s exceptional financial performance, highlighting record-breaking revenue and cash profit. This accomplishment, according to Elliott, underscores the inherent strength within the institution. He emphasized the pivotal role played by the four key divisions at ANZ—New Zealand business, Institutional, Australia Retail, and Australia Commercial—in driving impressive…
Gulf International Bank achieves record results in the past decade with 141% growth in net income
DUBAI: In the third quarter of 2023, the Gulf International Bank’s dedication and commitment to achieving strategic objectives resulted in a remarkable 255% increase in net profit attributable to the Bank’s shareholders, totalling $41.2 million for the quarter, surpassing the previous year’s $11.6 million for the same period. This outstanding achievement is primarily a result…