LONDON, UK: China Petroleum & Chemical Corporation has notified the New York Stock Exchange (NYSE) on 12 August 2022 that it will apply for the voluntary delisting of its American depositary shares (“ADSs”) from the NYSE. The board of directors of the Company approved the delisting of its ADSs from the NYSE as well as…
Pearson Plc announces sale of courseware business in South Africa
LONDON, UK: Pearson Plc has agreed to sell its 75% share of the K12, TVET and local Higher Education Courseware business in South Africa to Novus Holdings Limited, with its headquarters in Cape Town, South Africa, and listed on the Johannesburg Stock Exchange (JSE). Novus Holdings is a specialised printing and packaging manufacturing group which…
Mondi plc to sell Mondi Syktyvkar to Augment Investments for €1.5 billion
LONDON, UK: Mondi plc has entered into an agreement to sell its most significant facility in Russia, Joint Stock Company Mondi Syktyvkar, together with two affiliated entities to Augment Investments Limited for a consideration of RUB 95 billion (around €1.5 billion) payable in cash on completion. The disposal is conditional on the approval of the…
LendInvest sells residual economic interest in securitization for £5.8 million
LONDON, UK: LendInvest plc (LSE: LINV), a leading technology driven asset manager for UK property finance, announced that its wholly owned subsidiary, LendInvest BTL Limited has successfully completed the sale of its residual economic interest in the Mortimer BTL 2022-1 plc securitisation for cash consideration of £5.8 million. Citi’s secondary trading desk managed the sale…
Chevron U.S.A. acquires 5% shares in Ocean GeoLoop for NOK 100 million
VERDAL, NORWAY: Ocean GeoLoop AS, the green tech company developing multifunctional environmental technologies based on nature’s own processes, announced a NOK 100 million investment at NOK 37 per share by Chevron U.S.A. Inc., and a memorandum of understanding to identify areas of potential technical or commercial collaboration (MOU). “Ocean GeoLoop is pleased to announce Chevron…
Octopus Renewables acquires a 51% ownership interest in Crossdykes Onshore Wind Farm
LONDON, UK: Octopus Renewables Infrastructure Trust has entered into an agreement to acquire a 51% ownership interest in the Crossdykes Onshore Wind Farm. The remaining 49% is being acquired by another Octopus managed fund. Crossdykes, located in southern Scotland, was developed by Muirhall Energy and has been operational since June 2021. It is amongst the…
HydrogenOne Capital invests £8.4mn in Netherlands-based Strohm
LONDON, UK: HydrogenOne Capital Growth has signed definitive agreements for an investment of £8.4m (EUR 10m) in Strohm Holding B.V. HydrogenOne is investing alongside Strohm’s existing investors Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, in the first close of a funding round totalling £11.8m (EUR 14m). HydrogenOne may also invest up to a…
IQGeo Group has acquired COMSOF N.V. for €13 million
LONDON, UK: The board of directors of IQGeo Group plc, a provider of geospatial collaboration and productivity software to the telecommunications and utilities industries, has acquired COMSOF N.V. for a total consideration of up to €13 million. The Board is also pleased to announce the intention to raise approximately £3.5 million, before expenses, by way…
Eurofins to acquire a majority stake in QSAI Analysis and Research Center
PARIS, FRANCE: Eurofins Scientific, the global leader in food testing and a global scientific leader in bioanalytical testing, announced the signing of an agreement to acquire a majority stake in QSAI Analysis and Research Center Co.,Ltd. (“QARC”). QARC was founded in 2013 as a spin-off from QSAI’s R&D center and has been consistently developing pesticide…
Stanmore to acquire remaining 20% interest in SMC from Mitsui
SYDNEY, AUSTRALIA: Stanmore Resources Limited (ASX: SMR) completed the acquisition of BHP Minerals Pty Ltd’s 80% interest in BHP Mitsui Coal Pty Ltd, now renamed Stanmore SMC Pty Ltd, through the acquisition of all the shares in Dampier Coal (Queensland) Proprietary Ltd. Stanmore’s wholly owned subsidiary, Dampier Coal, has signed a definitive share sale agreement…
Ace Hardware to open 60 more stores by the end of the year
OAK BROOK, ILLINOIS: Ace Hardware, the largest retailer-owned hardware cooperative in the world, plans to open at least an additional 60 more new stores by the end of the year. The company recently celebrated the opening of its 105th new store in 2022. Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak…
Kongsberg Satellite Services to deliver services to National Oceanic and Atmospheric Administration (NOAA)
OSLO, NORWAY: Kongsberg Satellite Services (KSAT) has signed an expanded contract and extension for satellite ground services to the National Oceanic and Atmospheric Administration (NOAA) in the US. KSAT has delivered this service since 2005. In addition to the previous delivered services KSAT will now also provide support for data reception and operation of the…