SYDNEY, AUSTRALIA: Bendigo and Adelaide Bank Limited (ASX: BEN) agreed to acquire the ANZ Investment Lending portfolio (ANZIL). The acquisition will allow Bendigo and Adelaide Bank to further grow its margin lending business, Leveraged Equities Limited, one of the leading and longest established margin lenders in Australia. The value of the portfolio the Bank is…
House Prices Finally Cooling – But What Does the Future Hold?
It is no secret that the UK housing market has experienced significant growth in recent years. The average house price hit yet another record high in June 2022, having grown 10.7% on the average house price in June 2021. However, the trend of rampant growth is showing signs of slowing, as the rate of growth…
GFH acquires $300 million US student housing portfolio
MANAMA: GFH Financial Group announced its acquisition of a c. US$300 million student housing portfolio affiliated to select top-rated universities located in Texas, Michigan and Missouri in the United States (US). The acquisition is in partnership with GFH subsidiary Student Quarters, an Atlanta-based student housing specialist. The five assets acquired include facilities near Texas A&M University, Michigan State University…
Andrey Sharonov elected Chairman of PhosAgro’s Board of Directors
MOSCOW, RUSSIA: The Board of Directors of PhosAgro, one of the world’s leading vertically integrated phosphate-based fertilizer producers, elected the independent director Andrey Sharonov as its Chairman at its first meeting following the Annual General Meeting of Shareholders. Alexander Sharabaiko was elected Deputy Chairman of the Board of Directors. The meeting also approved the leadership…
CI Resources acquire 60% of Singapore-based fertiliser business, Liven Nutrients
SYDNEY, AUSTRALIA: CI Resources Limited CIRL) has acquired 60% of the issued shares of Singapore-based fertiliser trading business Liven Nutrients Pte Ltd. Liven Nutrients (wholly owned by Liven Agrichem) has been established by Mr Lee as a vehicle for bringing his fertilizer trading assets and operations together for the purposes of growing its business with…
Hg announces further investment in team.blue
LONDON, UK: Hg, the Manager of HgCapital Trust plc (“HGT”), today announces a further investment in team.blue, a leading digital enabler for companies and entrepreneurs across Europe. The terms of the transaction have not been disclosed and completion is subject to closing conditions. As a result of the transaction, HGT will make a net investment…
discoverIE Group announces the acquisition of the CDT Group
LONDON, UK: discoverIE Group plc (LSE: DSCV), a leading international designer and manufacturer of customised electronics for industrial applications, announced the acquisition of the CDT Group. CDT Group, which is a designer and manufacturer of customised plastic enclosures for circuit boards, membrane keypads and associated electronics components, has been acquired for a total cash consideration…
Croma Locksmiths acquires Southern Stronghold Limited
LONDON, UK: Croma Security Solutions Group (AIM:CSSG) announced that its wholly owned subsidiary, Croma Locksmiths and Security Solutions Limited, has acquired Southern Stronghold Limited for a consideration of £0.96 million. Croma Locksmiths has acquired the entire issued share capital of Stronghold from its family owned parent company, Stronghold Trading Group Limited for a consideration of…
Coats Group to acquire Texon International at an enterprise value of $237mn
LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Texon International Group Limited, a leading footwear solutions provider, for an enterprise value of $237 million. The acquisition is expected to complete in July, a bourse filing said. Texon, a company with operations in Asia…
Elixir Energy executes hydrogen MOU with SB Energy
SYDNEY, AUSTRALIA: Elixir Energy Limited entered into a Memorandum of Understanding (MOU) with SB Energy Corp (SBE) over a green hydrogen project in Mongolia. The MOU provides a two-year framework (terminable with thirty days notice) under which the two parties will work together to progress the Gobi H2 project. Each party will provide expertise in…
Scana delivers mobile battery solutions to Germany
BERGEN, NORWAY: Scana-owned PSW Power & Automation has signed a contract with Zeppelin Rental GmbH in Germany for the delivery of multiple mobile battery systems. The mobile battery solution can replace or optimize the operation of traditional diesel generators and will be a significant contributor to the environmental decarbonization. This is a sizeable contract for…
Aldar & SODIC bid to acquire Egyptian real estate developer, Madinet Nasr
ABU DHABI, UAE: Aldar Properties and ADQ, through their Egyptian real estate platform, Sixth of October for Development and Investment Company S.A.E. (‘SODIC’), has submitted a non-binding offer for the potential acquisition of up to 100% of the share capital of Madinet Nasr Housing & Development, valuing the company at EGP 6.18 billion (USD 328…