LONDON, UK: Fintel Plc (AIM: FNTL), the UK’s leading fintech` and support services business, has announced that Invesco, Hawksmoor and Royal London are amongst further partners to commit to multi-year agreements for its Managed Distribution Service. 20 partners have now converted to the Managed Distribution Service, including leading brands such as Fidelity, Aviva, Just, Guardian,…
Mondi to divest its personal care components business for €615mn
LONDON, UK: Mondi plc has entered into an agreement to sell its Personal Care Components business (PCC) to Nitto Denko Corporation (Nitto) for an enterprise value of €615 million, which is also the approximate cash consideration payable to Mondi at completion. Mondi’s strategic focus to grow in packaging and the limited overlap of PCC with…
Zephyr Energy completes $36mn Williston Basin acquisition
LONDON, UK: Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, has completed $36 million acquisition of non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, U.S. All conditions of the Acquisition have now been satisfied, including…
CLS Holdings acquires office building in Dusseldorf
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire a 9,168 sqm / 98,684 sq. ft office building in Dusseldorf for €25 million (€2,724 per sqm) excluding costs from alstria office REIT-AG. Kanzlerstraße 8 is situated in a well-connected and growing submarket in Dusseldorf. The overground station, Dusseldorf Rath, and the underground station, Rather…
Swoop to acquire Sydney based dark fibre provider Luminet for $8mn
SYDNEY, AUSTRALIA: Swoop has entered into a conditional agreement to acquire Sydney based dark fibre provider Luminet in a $8 million deal, comprising $6.4 million in cash and $1.6 million in Swoop shares. The acquisition will be funded from existing cash reserves and is expected tocomplete on 28 February 2022. The assets consist of 58km…
NZX, Fonterra and EEX to each take equal stakes in Global Dairy Trade
WELLINGTON, NEW ZEALAND: Fonterra has agreed a strategic partnership with New Zealand’s Exchange (NZX) and the European Energy Exchange (EEX) to each take ownership stakes in Global Dairy Trade (GDT) alongside the Co-op. Subject to the approval of Boards, clearance from European or any other relevant competition law authorities, and finalisation of transaction documentation, the…
Corvinus to acquire 45% participation in the Hungarian VIG companies
AMSTERDAM: An agreement is reached between VIG and the Hungarian state holding Corvinus Nemzetközi Befektetési Zrt. (Corvinus) pursuant to which Corvinus is to acquire a 45% participation in the Hungarian VIG companies. The Hungarian VIG companies will be held through the Hungarian VIG holding company (VIG Magyarorszag Befektetesi Zrt.) and two Dutch holding companies (Aegon…
Greencoat acquires 37MW Tullahennel Wind Farm in Ireland
DUBLIN, IRELAND: Greencoat Renewables Plc, the renewable infrastructure company invested in euro-denominated assets, acquired Tullahennel wind farm in Ireland from funds managed by affiliates of Apollo Global Management, Inc. The windfarm is located in County Kerry, Ireland and consists of 13 GE 2.85MW turbines that have been operational since September 2018. The windfarm’s revenues are…
Automotive retailer Vertu Motors awarded Toyota franchise in Scotland
LONDON, UK: Automotive retailer Vertu Motors announced that Macklin Motors, the trading name for Vertu in Scotland, has been awarded the Toyota franchise in the West of Scotland from 1 April 2022. The Group intends to develop four dealerships in the coming periods to cover this extensive territory with the first dealership at Darnley, South…
Kingswood Holdings acquires financial advice business, Aim
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has exchanged and completed on an acquisition of Aim Independent Limited (Aim) an independent financial advice business based in Eastleigh serving clients throughout Hampshire. Following regulatory approval, the business will be acquired for total cash consideration of up to £3.6m, payable over a two-year period, £1.8m will be…
Jupiter Mines appoints Ian Murray as Independent Chair
SYDNEY, AUSTRALIA: Jupiter Mines Limited (ASX.JMS) announced the appointment of Ian Murray as an Independent Non-Executive Director of the Company. Ian will join the Board immediately and will also be appointed as Jupiter’s Independent Chair as of 1 May 2022. Ian has over 25 years of mining experience, most recently as the Executive Chairman, and…
Latécoère strengthens space activities through three Cooperations with Airbus
PARIS, FRANCE: Latécoère (Paris:LAT), a leading partner of major international aircraft manufacturers and the European leader in satellite wiring, has signed three major cooperation projects with Airbus, a statement said. Latécoère designs, industrializes, produces and integrates electrical harnesses for three emblematic European space programs: the Eurostar Neo satellites, for both the Service Modules (SM) (especially…