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…
Fintel Plc expands its Management Distribution Service
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…