LONDON, UK: Auto Trader Group plc (LSE: AUTO), the UK’s largest automotive marketplace, announced the sale of one of its subsidiaries, Webzone Limited, which trades in the Republic of Ireland under the Carzone brand. The business has been sold to Mediahuis Ireland, Ireland’s leading print and digital media publisher which also owns CarsIreland.ie and Cartell.ie,…
Emirates signs agreement to include Flexiroam as an inflight retail product
SYDNEY, AUSTRALIA: Flexiroam Limited (ASX:FRX) has signed an agreement with UAE-based airline Emirates. Under the agreement Emirate’s will offer Flexiroam’s SIM cards and associated data bundles as an inflight product in approximately 100 aircraft with scope to expand to 180 aircraft, generating an expected annual revenue of A$150,000. Emirates currently operates across 6 continents, carrying…
BetMakers signs deed to acquire Punting Form
SYDNEY, AUSTRALIA: BetMakers Technology Group Limited (ASX:BET) has entered into a share purchase deed (Deed) to acquire ABettorEdge Pty Ltd, trading as “Punting Form”. Punting Form uses proprietary IP and artificial intelligence to create sectional times and benchmarks for horse racing which are used for time-based ratings systems. The Company believes that this acquisition will…
South Harz Potash Limited appoints Luis da Silva as Managing Director and CEO
SYDNEY, AUSTRALIA: South Harz Potash Limited (ASX:SHP) announced the appointment of Mr Luis da Silva as Managing Director and CEO, effective 1 November 2022. Luis da Silva is a proven natural resources business leader and executive with close to 30 years’ experience in the mining industry. Over the last fifteen years he has progressively held…
Energy Capital Partners acquire Ørsted’s 50% ownership in US portfolio
LONDON, UK: Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million. The portfolio, comprised of the onshore…
Seadrill Limited to sell entire shareholding in Paratus Energy Services
HAMILTON, BERMUDA: Seadrill Limited has entered into binding Share Purchase Agreements under which it will sell its entire 35% shareholding in Paratus Energy Services Limited and certain other interests. Paratus Energy Services Limited is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd are held. Completion of the Sale is subject…
Custodian REIT sells North-East Shopping Centre for £9.3 million
LONDON, UK: Custodian REIT (LSE: CREI) announced the disposal of its only high street shopping centre for £9.3 million. Custodian REIT purchased the 73,367 sq ft shopping centre in Gosforth as part of its acquisition of DRUM Income Plus REIT plc in November 2021 and the price reflects a 3.5% premium to the £8.975 million apportioned…
Cash Converters to acquire New Zealand Master Franchisor for $15.5 million
SYDNEY, AUSTRALIA: Cash Converters International has entered into an agreement to acquire the Cash Converters New Zealand Master Franchisor. The Company currently holds a 25% equity interest in all aspects of the New Zealand enterprise and will acquire the remaining 75% interest for a purchase price up to $15.5 million. The purchase price will be…
Crypto Blockchain Industries (CBI) acquires Golive Entertainment – Xave
PARIS, FRANCE: Crypto Blockchain Industries (CBI) has signed an agreement to acquire Golive Entertainment Holding owner of Xave, a blockchain technology company based in Barcelona and Argentina which has been developing Xave World, a metaverse dedicated to music. The opening of the Xave world is scheduled for fall 2023. Featuring its own cryptocurrency (Xave Coin)…
Softline Holding begins trading under the brand name NOVENTIQ
LONDON, UK: Softline Holding, the Cyprus registered global IT and digital transformation solutions and services provider headquartered in London, began trading under the new brand name NOVENTIQ. As a $1bn+ player in the global digital transformation market, the rebranding signals the start of a new era for this rapidly evolving company. The company operates in…
Reworld Media to acquire Grazia and Icon brands for upto €8.5 million
PARIS, FRANCE: Reworld Media has signed a purchase offer for the acquisition of the Grazia and Icon brands worldwide, including their media activities in Italy (print and digital). Grazia is currently present in 21 countries. Reworld Media would thus become the owner of one of the leading women’s high-end media brands on a global scale….
Braveheart Investment buys 12.91% shares in Autins Group
LONDON, UK: Braveheart Investment Group (AIM: BRH) has purchased a further 2.3 million ordinary shares of two pence each in Autins Group plc at an average price of 7 pence per share for a total consideration of £161,000. Upon completion of the transaction, Braveheart will own 12.91 per cent of the issued share capital of…