LONDON, UK: Rolls-Royce announced that the Spanish government has approved the sale of ITP Aero to a consortium of investors led by Bain Capital Private Equity. This follows the approval of all other relevant regulatory authorities. As a result, the completion of the transaction, at an enterprise value of approximately €1.8 billion, is expected in…
Mustang Energy to acquire its 27.4% interest in VRFB Holdings Limited
LONDON, UK: Mustang Energy PLC (MUST) has entered into a conditional agreement with Acacia Resources Limited to acquire its 27.4 per cent interest in VRFB Holdings Limited. Acacia currently holds a 24.04 per cent interest in MUST and holds a principal amount of US$2.3 million of the Company’s US$8.0 million (10 per cent) unsecured convertible loan…
MTN invests in Emerge Game Studio
SYDNEY, AUSTRALIA: Emerge Gaming Limited (ASX: EM1) has entered into an agreement with MTN to invest R2.4 million (~A$210,000) into premium games content and game streaming platform development. This investment by MTN into Emerge’s Game Studio and the previously reported investment into the marketing and promotion for the benefit of the Emerge operated MTN Arena…
Veolia signs deal to merge into Vigie SA
PARIS, FRANCE: Veolia (Paris:VIE) has signed a merger agreement concerning the merger of Vigie SA (formerly known as Suez SA) into Veolia. The purpose of this merger is to simplify and rationalize the legal structure of the Veolia group. Following the broad success of the cash tender offer initiated by Veolia, which allowed for the…
ELOP to acquire 65% of Hadeland Elektro for NOK 24.7mn
OSLO, NORWAY: Elop AS has agreed the principal terms of an agreement where Elop is to acquire 65 percent of the shares of fast-growing electrical contractor Hadeland Elektro AS for a total consideration of NOK 24.7 million, of which 60 percent will be settled in Elop shares valued at NOK 2.80 per share, a statement…
Charter Hall Retail REIT expands Long WALE Convenience Retail portfolio with $101.7mn acquisitions
SYDNEY, AUSTRALIA: Charter Hall Retail REIT (ASX: CQR) has expanded its Long WALE Convenience Retail portfolio and increased income from triple net (NNN) leases directly linked to CPI. CQR has acquired a portfolio of 18 Gull service stations in New Zealand and further expanded its partnership with Ampol Ltd, acquiring a 5% interest in an…
Orica to acquire Axis Mining Technology for up to A$350 million
SYDNEY, AUSTRALIA: Orica Limited (ASX: ORI) has entered into a binding agreement to acquire 100% of the share capital in the entities that own Axis Mining Technology for A$260 million in cash. In addition, a deferred earn-out payment up to a maximum A$90 million (the Earn-Out) is payable based on Axis’ cumulative EBITDA generated from…
Antilles Gold lists on Frankfurt Stock Exchange
SYDNEY, AUSTRALIA: Antilles Gold Limited has been listed on the Frankfurt Stock Exchange (FSE Code: PJT). The listing will assist trading by a number of investors in Germany, Switzerland, and Austria who are showing interest in Antilles Gold’s activities and growth potential in Cuba. Approximately 15% of the shares applied for in the current placement…
Burgundy’s Maison Mazerea brand strategy secures sales agreements
SYDNEY, AUSTRALIA: Burgundy Diamond Mines Limited (ASX: BDM) provides an update on the progress of the sales strategy driven by its ultra-luxury diamond brand, Maison Mazerea. Further Sales Agreements Having been launched in Paris in July, the successful establishment of the Maison Mazerea brand provides the platform and market positioning to commence sales of an…
Growthpoint Properties Australia will acquire Fortius Funds Management.
SYDNEY, AUSTRALIA: Growthpoint Properties Australia has entered into an agreement under which it will acquire 100% of the shares in Fortius Funds Management. Transaction overview • Fortius is one of Australia’s leading family-owned private real estate funds management businesses with an established track record of investing in Australian real estate markets and generating strong returns…
TotalEnergies, Corio Generation and Qair join forces to bid for Mediterranean Sea wind tender
PARIS, FRANCE: A consortium of TotalEnergies, Corio Generation and Qair has been pre-selected by the French Directorate General for Energy and Climate (DGEC) to participate in a competitive tender to develop two floating windfarms in the Mediterranean Sea. The two projects of about 250 MW each could supply enough clean energy to meet the annual…
Pennant International signs sale of its facility known as Pennant Court
LONDON, UK: Pennant International Group plc (AIM:PEN), a leading global provider of training technology and integrated product support solutions, announces that it has exchanged contracts for the sale of its facility known as Pennant Court. With the Group’s increasing software focus and reduced reliance on resource-intensive hardware engineering activities, earlier this year the Board commissioned…