LONDON, UK: Kibo Energy, the renewable energy-focused development company, announced that pursuant to the company’s declared strategy to divest of all its coal assets, Kibo has entered into a definitive share sale agreement with Shumba Energy (Pty) Ltd for the sale of the company’s remaining 35% equity holding in Kibo Energy Botswana in which Kibo…
India’s Reliance buys Superdry’s intellectual property assets for £40 million
LONDON, UK: Superdry plc has signed an IP joint venture agreement with Reliance Brands Holding UK Ltd (RBUK), and agreements for the sale of Superdry’s intellectual property assets, including the SUPERDRY brand and related trademarks in India, Sri Lanka, and Bangladesh to the joint venture vehicle. RBUK and Superdry will own 76% and 24% of…
Henderson High Income Trust agree to takeover Henderson Diversified Income Trust
LONDON, UK: The Board of Henderson High Income Trust plc (HHI) has agreed heads of terms with the Board of Henderson Diversified Income Trust plc (HDIV) in respect of a proposed combination of HDIV with HHI. The combination, if approved by each company’s shareholders, will be effected by way of a scheme of reconstruction and…
Computershare to sell U.S. mortgage services for $720 million
SYDNEY, AUSTRALIA: Computershare, a share registry company, has agreed to sell its U.S. mortgage services business to Rithm Capital, an asset manager, for $720 million. The deal will allow Computershare to focus on its core businesses, which have higher returns and lower capital intensity. Rithm Capital will acquire Specialised Loan Servicing (SLS), a mortgage subservicer…
RWS Holdings acquires Cape town-based ST Communications
LONDON, UK: RWS Holdings plc announced the establishment of a presence in Africa through the acquisition of STComms Language Specialists Proprietary Limited (ST Communications), a Cape Town-based language services provider. This marks a milestone for RWS, enabling clients to further their reach into the African market with locally-based talent and linguistic expertise across 40+ African…
Noatum announces the acquisition of Sesé’s Finished Vehicles Logistics
ABU DHABI, UAE: AD Ports Group announced that Noatum, which now leads its Logistics Cluster operations, has signed the agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value – EV) of EUR 81 million….
GULFNAV submits proposal to acquire Brooge Petroleum and Gas Investment Company
DUBAI, UAE: Gulf Navigation Holding (GULFNAV) has submitted a formal proposal to fully acquire Brooge Petroleum and Gas Investment Company (BPGIC) from Brooge Energy Limited (BEL), a Leading Oil Refinery & Storage Company Listed on NASDAQ. GULFNAV stated that this proposed acquisition will be funded through a combination of cash and shares in GULFNAV. The…
QinetiQ $84m wins contract for delivery of Next Generation Bomb Suits for US Army
LONDON, UK: QinetiQ Group plc has been awarded a 5-year $84 million contract in the US for the testing and production of the Next Generation Advanced Bomb Suit (NGABS). The NGABS contract is a Program of Record where QinetiQ will deliver over 700 NGAB suits to the US Army. The new suit will replace the…
Aurrigo International signs partnership agreement with International Airlines Group (IAG)
LONDON, UK: Aurrigo International plc has signed a formal partnership agreement with International Airlines Group (IAG), for the deployment and demonstration of Aurrigo’s autonomous aviation solutions within the UK. The partnership is expected to follow a similar phasing to Aurrigo’s ongoing agreement with Changi Airport Group in Singapore, with an evaluation and simulation phase to…
Fulcrum Metals boosts its uranium-gold project in Saskatchewan by 63%
LONDON, UK: Fulcrum Metals plc (LON: FMET), a Canadian mineral exploration and development company, has expanded its Charlot-Neely uranium-gold project in northern Saskatchewan by 63% through staking three new claim blocks. The claim blocks cover 20km of the Black Bay Fault, a regional structure associated with rare-earth and uranium mineralisation, and include historic exploration records…
PetroNor acquires Aje interests from New Age Energy
LONDON, UK: PetroNor E&P Limited has acquired the 32% cost sharing interest and 24% profit share interest of New Age (Africa Global Energy) Ltd. (“New Age”) in OML 113. PetroNor agreed to acquire New Age’s interest in OML 113 for an upfront consideration of USD six million, with a contingent consideration of up to USD…
Diageo Plc launches and prices two-tranche $1.7 billion fixed rate USD denominated bonds
LONDON, UK: Diageo, a global leader in beverage alcohol, launched and priced a $1.7 billion SEC-registered bond offering, consisting of $800 million 5.375% fixed rate notes due 2026 and $900 million 5.625% fixed rate notes due 2033. The issuer of the bonds is Diageo Capital plc, with payment of principal and interest fully and unconditionally…