SYDNEY, AUSTRALIA: Commonwealth Bank of Australia (CBA) has entered into a binding sale agreement to sell a shareholding of 10% in Bank of Hangzhou (HZB) to Hangzhou Urban Construction & Investment Group and Hangzhou Communications Investment Group, which are entities…
MUNICH: Mutares SE & Co. has sold its Austrian logistics subsidiary BEXity to Raben Group, one of Europe’s largest logistics companies based in the Netherlands. BEXity is a leading logistics company in Austria and was acquired from Österreichische Bundesbahnen-Holding Aktiengesellschaft…
LONDON, UK: Spectris plc has confirmed that it is in discussions with Oxford Instruments regarding a potential acquisition of the entire issued and to be issued share capital of Oxford Instruments at the possible offer of £31 per Oxford Instruments…
LONDON, UK: The Board of Shell plc Monday announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym…
LONDON, UK: Tata Steel Advanced Materials Limited (TSAML), an indirect wholly owned subsidiary of Tata Steel Limited, has executed a Share Purchase cum Shareholders’ Agreement for acquisition of 90% equity stake in Ceramat Private Limited (CPL). Tata Steel Limited aspires…
LAHORE, PAKISTAN: Fatima Group, one of the fastest-growing industrial conglomerates in Pakistan, has signed two MoUs of over USD1 billion with two key global agriculture stakeholders – China Machinery Engineering Company (CMEC) from China and Sarh Attaqnia Co. (SAC) from…
LONDON, UK: GSK has announced plans to spinout Consumer Healthcare business into the newly independent company, Haleon proposed to be listed on London Stock Exchange (LSE) in July 2022. The separation of GSK Consumer Healthcare, to form Haleon, is subject to approval from shareholders,…
LONDON, UK: Mercia Asset Management (AIM: MERC) announced completion of a second tranche investment round of £4.3 million into existing direct investment portfolio company, MIP Diagnostics Limited, a UK-based nanotechnology business. As part of this round Mercia invested £1.1million from…
LONDON, UK: The bp board announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013. Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate…
LONDON, UK: KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announced that exploration and development studies at the KEFI-operated…
LONDON, UK: Infrastructure India plc (IIP) has signed an agreement for the conditional sale of Indian Energy (Mauritius) Limited’s (IEL) assets. IEL, which is a wholly owned subsidiary of IIP, is an independent power producer that owns and operates wind…
LONDON, UK: Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, has been formally awarded the Rissana Offshore Licence in Morocco. Mrs Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines, commented: “We are pleased to formally…