LONDON, UK: Saint-Gobain has entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt – a glass processing business in Germany – to the CALEOGLAS Group. The closing…
Stagecoach acquires Kelsian Group’s east London bus operations for £20mn
LONDON, UK: Stagecoach Bus Holdings Limited has entered into binding agreements to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange for total consideration of £20 million. Upon completion, £10m will be payable, with a further £1m per annum payable for ten years commencing on the first anniversary following completion, subject to…
David King appointed CEO of XLMedia
LONDON, UK: XLMedia (AIM: XLM), a leading global digital performance publisher, announced the appointment of David King as Chief Executive Officer and as a member of the Board of Directors. He is expected to join the Group on 1 July 2022. David brings extensive leadership and financial expertise. Stuart Simms, the Company’s existing Chief Executive…
Mutares SE signs agreement to acquire Cimos d.d.
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cimos d.d. and its subsidiaries from TCH S.r.L. The closing of the transaction is expected in the third quarter of 2022. The company will act as a key Eastern European platform for Mutares’ Automotive & Mobility segment with seven production plants across Slovenia, Croatia,…
PEXA to acquire up to 25% of AI software leader Elula
SYDNEY, AUSTRALIA: PEXA Insights, has agreed to make its second strategic investment to acquire an interest of up to 25% in Elula – an Australian artificial intelligence (AI) technology company. PEXA Group Limited (PEXA) is the operator of the world’s first digital property exchange platform. PEXA insights is its data and analytics business. PEXA is…
Foxtons acquires Gordon & Co in South London, Stones Residential in North
LONDON, UK: Foxtons Group plc (LSE: FOXT), London’s leading estate agency, has acquired two estate agents including IMM Properties Ltd, trading under the name Gordon & Co in South London; and Stones Residential (Stanmore) Holdings Ltd in Stanmore, North London for a total consideration of £10.55 million. The acquisitions would be funded through the Company’s…
Johnson Matthey agrees to sell part of its Battery Materials business for £50mn
LONDON, UK: concerned over insufficient returns, Johnson Matthey Plc (JM) has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of £50 million in cash and Johnson Matthey…
6 Most Important Factors You Should Consider When Choosing a Broker
When it comes to choosing a broker, many people can feel overwhelmed. With all of the scams out there, how can you be sure that you’re making the right choice? It’s important to consider a few key factors when making your decision. In this blog post, we will discuss four of the most important factors…
Westpac to sell Advance Asset Management to Mercer, merge with BT Funds
SYDNEY, AUSTRALIA: Westpac and BT Funds Management Limited (Trustee) have entered into a Heads of Agreement to merge, through a successor fund transfer (SFT), BT’s personal and corporate superannuation funds with Mercer Super Trust. Additionally, Westpac has entered into an agreement to sell its Advance Asset Management business (Advance) to Mercer Australia. Scope of agreements:The…
Nanollose signs MOU with INDITEX
SYDNEY, AUSTRALIA: Nanollose Limited (ASX: NC6), a leading bio-materials company commercialising scalable technology to create fibres and fabrics with minimal environmental impact, has entered into a binding memorandum of understanding (“MOU”) with one of the world’s largest fashion retailers, Industria de Diseño Textil, S.A. (“INDITEX”). INDITEX is a public company listed on the stock exchanges…
Prudential Plc appoints Anil Wadhwani as new Group Chief Executive
LONDON, UK: Prudential plc announced the appointment of Anil Wadhwani as Group Chief Executive Officer (“CEO”). Anil Wadhwani will join the Company from Manulife where he was President & CEO, Manulife Asia. Anil Wadhwani is a global financial services leader with more than 30 years’ experience, predominantly in Asia, combining strategic vision and execution in some of the world’s biggest companies….
Rod Heale appointed CEO of Decmil Group
SYDNEY, AUSTRALIA: Decmil Group Limited has appointed experienced civil contracting leader Rod Heale as the Company’s new Chief Executive Officer. Rod will commence full-time on 20 June 2022. Rod Heale brings more than 30 years’ experience in the building, construction and infrastructure industry across Australia, most recently as Chief Operating Officer John Holland’s Australia and…