SYDNEY, AUSTRALIA: Origin Energy Limited has completed the sale of a 10 per cent interest in Australia Pacific LNG to ConocoPhillips. Net proceeds from the transaction are $2 billion, after adjustments. Origin and ConocoPhillips retain their existing seats on the Australia Pacific LNG board. The divestment of a 10 per cent interest does not change…
Humm Group selling HUM Consumer Finance to Latitude for $335mn
SYDNEY, AUSTRALIA: Humm Group Limited (ASX: HUM) has entered into a binding agreement to sell HUM Consumer Finance (HCF) comprising its buy now pay later (BNPL), instalment and credit card operations, to Latitude Group Holdings Limited (ASX: LFS). The consideration for HUM Consumer Finance (HCF) comprises 150 million Latitude shares and $35 million cash translating…
Tianjin Jiahua Footwear Company ceases production operations
SYDNEY, AUSTRALIA: Merchant House International Limited (ASX: MHI) advised that due to the changing business environment in China, the Board of its associate company Tianjin Jiahua Footwear Company Limited has decided to cease production operations with immediate effect. Forsan Limited, a subsidiary of MHI, holds a 30% interest in Jiahua. The decision by the board…
Google launches $100 million Google Career Certificates Fund
MOUNTAIN VIEW: Google CEO Sundar Pichai and U.S. Secretary of Commerce Gina Raimondo together announced the launch of a $100 million Google Career Certificates Fund. Through its support of Social Finance, the Fund aims to drive $1 billion in aggregate wage gains for more than 20,000 Americans through the Certificates, which equip people with job-ready…
Saint-Gobain sells CTD Tile Group to Aurelius Investments
MUNICH: Saint-Gobain has entered into binding agreements for the sale of its specialist tile distributor in the UK – CTD Tile Group to Aurelius Investments. Completion is expected by the end of the first quarter of 2022. CTD Tile Group employs 580 people and has 89 outlets, generating a turnover of approximately €115 million in…
Wilhelmsen New Energy to acquire a 21% stake in Reach Subsea for NOK 150mn
HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
Reach Subsea acquires offshore survey company iSURVEY
HAUGESUND, NORWAY: Reach Subsea ASA, a provider of subsea services globally, has entered into an agreement with iSURVEY Holding AS to acquire ISURVEY Group AS, a provider of offshore high-quality survey services, for NOK 135 million. “With the acquisition of ISURVEY, we are developing Reach Subsea into a larger, more robust, fully integrated company, with…
The Different Types Of Marketing Solutions That Can Improve Your Strategy
With the new age of internet marketing, businesses face new challenges and opportunities daily. How do we stand apart from our competitors? What can we offer that isn’t offered elsewhere? These are questions many marketers ask themselves every day as they find themselves up against larger companies with more resources. Fortunately, there is one thing…
Meltwater announces new Scientific Advisory Board
SAN FRANCISCO: Meltwater, a leading global provider of social and media intelligence, announced the launch of the company’s Scientific Advisory Board, composed of industry leaders in AI and machine learning who will support the company in setting scientific and technology strategy. As Meltwater continues to make significant investments into its cutting-edge AI and machine learning…
Forestia expands distribution of particle boards, OSB panels & plywood panels
VENNESLA, NORWAY: Forestia is aiming to establish Norway’s largest distribution centre for particle boards, OSB panels and plywood panels for the Norwegian building materials market. Byggma’s subsidiary, Forestia, is today Norway’s leading producer of particle boards. To strengthen the company’s position in the Nordic building materials market, Forestia, together with its sister company Byggform, will…
M&G plc acquires TCF Investment
LONDON, UK: M&G plc has announced the acquisition of investment manager TCF Investment (TCF) to become a provider of model portfolio services. The deal has been approved by the FCA. TCF Investment becomes part of M&G Wealth and will be rebranded in due course. TCF’s current service – MAPS – is tailored to meet a range…
Ocado and Groupe Casino sign pact to extend partnership in France
LONDON, UK: Ocado Group and Groupe Casino today announce the signing of a Memorandum of Understanding (“MOU”) to extend their partnership. This extension will see the creation of a new exclusive Joint Venture (“JV”) to support the development and management of single or multi-tenanted CFCs in France. Underpinned by the success of their partnership and…