SYDNEY: Following a strategic and financial review of Foxtel initiated by News Corp, Telstra today announced an agreement to divest its 35 per cent shareholding in Foxtel to DAZN alongside the divestment of News Corp’s 65 per cent shareholding announced this morning. Telstra will receive $128 million in cash for repayment of shareholder loans and…
Banco Santander sells 30.5% stake in CACEIS to Crédit Agricole S.A.
Banco Santander has entered into an agreement to sell its 30.5% stake in CACEIS to Crédit Agricole S.A. The transaction will enable Crédit Agricole S.A. to gain full control of CACEIS, a prominent entity in the depositary, custody, and related asset servicing business. This deal aligns with Santander’s strategy to proactively allocate capital and create shareholder…
The Citation Group welcomes HarbourVest Partners as new investor
LONDON: The Citation Group, a global provider of tech-enabled compliance and certification solutions for small to medium-sized enterprises (SMEs), announced today that HarbourVest Partners, a global private markets investment manager, has joined as a new investor. This investment will see HarbourVest collaborate with Citation’s management team and current majority investors, KKR and Hg, to support…
Henry Boot acquires full ownership of Stonebridge Homes
SHEFFIELD: Henry Boot has announced the acquisition of the remaining 50% share of Stonebridge Homes Group Ltd, making it the sole owner of the premium regional housebuilder. This move allows Henry Boot to fully control a high-growth business in the UK residential market. The acquisition will be completed in three phases over the next five…
Surgical Science Sweden offers to acquire Intelligent Ultrasound Group for £45.2 million
LONDON: Surgical Science Sweden AB has reached agreement on the terms of a recommended cash acquisition of Intelligent Ultrasound Group by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, Intelligent Ultrasound shareholders shall be entitled to receive 13 pence in cash for each share held. The acquisition price values the…
ADMS: Everything You Need to Know
The Advanced Distribution Management System (ADMS) is a critical component in modern power distribution networks, providing utilities with the necessary tools to monitor, control, and optimise their operations. As the complexity of electrical grids increases due to the integration of renewable energy sources, smart meters, and advanced electrical equipment, ADMS becomes indispensable. This blog will…
Digitalbox plc has acquired Walford News
LONDON: Digitalbox plc (AIM: DBOX) has entered into an agreement to acquire the online assets, including all associated intellectual property, of Walford News. Walford News has been providing news, gossip and spoilers about the popular UK soap opera, Eastenders since 2009. Digitalbox plc, the mobile-first digital media business, owns leading websites, including Entertainment Daily, The…
Ørsted announces $572 million partnership with Energy Capital Partners
LONDON: Ørsted has announced a $572 million divestment of a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a prominent energy transition-focused investor. The projects, set to begin operations in 2024, include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250 MW), and Eleven Mile Solar…
Kingfisher announces sale of Brico Dépôt Romania to Altex Romania for $70 million
LONDON: Kingfisher plc, the international home improvement company, today announced, the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70m (equivalent to £58m). The sale comprises the entire Brico Dépôt Romania business, including its network of 31 stores in 24 cities, distribution operations, and head office in Bucharest….
Reckon to acquire Cashflow Manager and OKKE accounting and payroll software businesses
SYDNEY: Reckon Limited (ASX: RKN) has entered into an agreement with Money Management Group Pty Ltd and its UK subsidiary Money Management Group (UK) Limited to purchase Cashflow Manager and OKKE, Adelaide based accounting and payroll software businesses. Reckon anticipates the acquisition completing in early January 2025. Cashflow Manager’s flagship product is its namesake desktop…
GlobalData Plc to acquire Celent, a leading research and advisory firm
LONDON: GlobalData Plc has signed an agreement to acquire Celent, a leading research and advisory firm, which is currently, part of Marsh McLennan’s Oliver Wyman Group. Completion, which is subject to certain closing conditions, is expected to occur on 31 December 2024 and will be funded from the Group’s existing cash resources. For over 20…
Graft Polymer (UK) Plc agrees to acquire all issued share capital of Awakn Life Sciences Corp.
LONDON: Graft Polymer (UK) Plc, a biotechnology company co-developing therapeutics for mental health disorders, announced it has entered a binding letter of agreement to acquire all issued share capital of Awakn Life Sciences Corp., a clinical-stage biotechnology firm focused on treating substance use and mental health disorders. Under the terms of the proposed acquisition, Graft…