PERTH, AUSTRALIA: Kelsian Group Limited (ASX:KLS) has entered into binding agreements to acquire Horizons West Bus and Coachlines together with ancillary assets from the Vendors for an enterprise value of A$23.4 million plus a contingent, deferred consideration and earn-out component of up to A$7.0 million. In addition, Kelsian Group will purchase strategic property assets comprising…
Mirvac appoints Campbell Hanan as Group CEO & MD
SYDNEY, AUSTRALIA: Mirvac Group [ASX: MGR] announced the appointment of Campbell Hanan as Mirvac’s next Group CEO & Managing Director. Mirvac is an Australian property group with operations across property investment, development, and retail services. Campbell Hanan has been a member of the Executive Leadership Team since he joined Mirvac in 2016 and he currently…
Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe
COPENHAGEN, DENMARK: Ørsted and Equinor have just signed an agreement under which Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected total…
FOS Capital acquires Hawko Lighting Group
SYDNEY, AUSTRALIA: FOS Capital Ltd (ASX:FOS) via its subsidiary FOS Lighting has entered into a binding agreement to acquire Queensland based linear lighting manufacturer Hawko Lighting Group. FOS is funding the acquisition via a $1.5 million professional and sophisticated investor placement. Morgans Corporate Ltd acted as Financial Advisor to the Offer. The transaction is expected…
SPIE agrees to sell UK business to Imtech for €50 million
CERGY, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has signed an agreement with Imtech for the sale of 100% of its United Kingdom operations. The closing of the transaction is expected before the end of 2022, subject to the fulfillment of customary regulatory approvals. SPIE UK…
ECR Minerals signs deal to acquire Placer Gold Pty Limited
SYDNEY, AUSTRALIA: ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, has entered into a Binding Term Sheet pursuant to which it has been granted a conditional option to acquire the entire issued share capital of Placer Gold Pty Limited. Placer Gold is the beneficial holder of three granted…
Hardide receives full supplier approval from Leonardo Helicopters
LONDON, UK: Hardide, the developer and provider of advanced surface coating technology, has received full supplier approval from Leonardo Helicopters for its Hardide-A coating to coat flying parts, and the first production order has been received for processing. Leonardo is one of the UK’s leading aerospace companies and one of the biggest suppliers of defence…
Research shows mobile finance can increase national GDP
New research from Vodafone Group, Vodacom Group, Safaricom, and the United Nations Development Programme (UNDP) indicates that the successful deployment and adoption of mobile financial services is associated with a positive impact on GDP growth in developing markets as it helps businesses to reduce cost, access credit to invest, and to connect with consumers that…
Atlantic Lithium appoints Keith Muller as new Chief Operating Officer
LONDON, UK: Atlantic Lithium Limited announced the appointment of Mr Keith Muller as its new Chief Operating Officer, commencing in November 2022. Mr Muller is an experienced mining engineer with over 20 years of operational and leadership experience across domestic and international mining sectors, including in the lithium sector. Importantly, Mr Muller has a strong…
Conister Bank applies for UK Branch banking licence
LONDON, UK: Manx Financial Group, the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, announced that the Group’s wholly owned banking subsidiary, Conister Bank Limited applied for a United Kingdom Branch Deposit Taking licence on 25 October 2022. Conister Bank has an Isle of Man…
JPMorgan Global Growth & Income signs terms to merge with JPMorgan Elect
LONDON, UK: The Board of JPMorgan Global Growth & Income plc (JGGI) has signed Heads of Terms with the Board of JPMorgan Elect plc (JPE) in respect of a proposed merger with JPE to be effected by way of a section 110 scheme of reconstruction by JPE and a transfer of assets to JGGI. This…
Merit Group sells MET Operations to Political Holdings for £4.5 million
LONDON, UK: Merit Group plc (AIM: MRIT), the data and intelligence business, has agreed to sell the Media, Events and Training operations of its Dods Political Engagement business (MET Operations) to Political Holdings Limited, a private company owned by Lord Ashcroft KCMG PC, for a cash consideration of £4.5 million. In the year ending 31…