LONDON, UK: Secure Property Development & Investment PLC (AIM: SPDI), the AIM-quoted South Eastern European focused property company, is pleased to announce the transfer of a 21.2% stake in Lelar Holdings Limited to Arcona Property Fund N.V. (‘Arcona’) in exchange for the issue to SPDI of 315,668 new shares in Arcona and 76,085 warrants over…
Gaming Realms goes live with Loto-Québec
LONDON, UK: Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, is pleased to announce that it has gone live with Loto-Québec in the Canadian province of Quebec, which has a population of approximately 8.5m people. Loto-Québec, a State corporation, is the only regulated operator of igaming in Quebec. Gaming…
Ebiquity plc buys Swedish-based Media Path Network AB for £15.5 million
LONDON, UK: Ebiquity plc announced the proposed acquisition of Media Path Network AB, a Swedish-based multi-national media consultancy, for a consideration of £15.5 million. In order to finance the MediaPath acquisition, to accelerate organic and inorganic growth of the enlarged business and to strengthen its balance sheet, the company intends to carry out sales of…
GPE acquires 7/15 Gresse Street & 12/13 Rathbone Place, W1
LONDON, UK: Great Portland Estates (GPE) announced the acquisition of the long leasehold interest at 7/15 Gresse Street and 12/13 Rathbone Place, W1, for £36.5m (£847psf, 5.6% NIY). The building has been home to the Fashion Retail Academy since 2005, which will remain in occupation until the precise timing for its relocation to a larger…
Telstra announces Vicki Brady as new CEO
LONDON, UK: Vicki Brady will be the new Chief Executive Officer of Telstra replacing Andrew Penn who has today announced his intention to retire after serving more than seven years in the role. Vicki who is currently Telstra’s Chief Financial Officer will officially take over as CEO on 1 September 2022 and will work with…
Vulcan Industries has disposed of M&G Olympic Products
LONDON, UK: Vulcan Industries plc (AQSE: VULC) has disposed of the entire share capital of M&G Olympic Products Ltd (MGO) to OJT11 LTD. M&G Olympic Products Ltd (MGO) specialises in the design, manufacture, and installation of custom-built architectural metalwork. Since its acquisition in 2019, MGO has sought to evolve its quality fabrication activities in turnkey…
Agility Public Warehousing Company to acquire Menzies plc for £571mn
LONDON, UK: GIL International Holdings V Limited, a wholly-owned subsidiary of Agility Public Warehousing Company, has made a recommended cash offer to acquire Menzies plc at the rate of 608 pence in cash per Menzies share. The acquisition values the entire issued and to be issued ordinary share capital of Menzies at approximately £571 million…
Ebiquity acquires US-focused media audit specialist,Media Management LLC
LONDON, UK: Ebiquity plc, a world leader in media investment analysis, announced the proposed acquisition of Media Management LLC (MML), a US-focused media audit specialist, for an initial consideration of £6.1 million with a deferred consideration element payable in 2025. Ebiquity Inc., US subsidiary of Ebiquity plc, will acquire MML. Media Management LLC (MML) is…
Aker Solutions acquires Norwegian hydropower company, Rainpower
OSLO, NORWAY: Aker Solutions has agreed to acquire Rainpower Holding AS, a leading technology provider to the hydropower industry. The transaction is expected to be completed during the second quarter of 2022. The purchase price is about NOK 100 million, with an additional discretionary element which may bring the purchase price to NOK 150 million….
Aker Horizons to merge with Aker Offshore Wind and Aker Clean Hydrogen
OSLO, NORWAY: Aker Horizons ASA announced merger plans with Aker Offshore Wind AS and Aker Clean Hydrogen AS. Aker Horizons and Aker Offshore Wind (AOW) to combine in an all-stock merger that will reposition AOW as a privately held subsidiary of Aker Horizons, with the intention to combine AOW with its portfolio company Mainstream Renewable…
SHUAA Capital acquires Allianz Marine and Logistics Services Holding
UNITED ARAB EMIRATES: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, announced the acquisition of Allianz Marine and Logistics Services Holding Limited by its managed funds. The transaction is one of the largest M&A deal in the maritime offshore sector in the Middle East in recent years…
Quadpack investing in German manufacturing facilities to meet increased demand
PARIS, FRANCE: International beauty packaging manufacturer and provider Quadpack is investing over €6 million at its German manufacturing facilities in Kierspe, to meet increased market demand. The investment will go towards the creation of a decoration centre and the expansion of its injection-moulding and assembly capacity. Already a reference in thick-walled PET injection, Quadpack aims…