SYDNEY, AUSTRALIA: Autosports Group Limited (ASX: ASG) welcomes the Subaru and Kia brands to its portfolio following completion of the purchase of the Subaru and Kia Rosebery businesses from Suttons Motor Group. These businesses have been relocated to the recently purchased premises at 98 O’Riordan Street, Alexandria, NSW, which is adjacent to the Group’s Mazda…
John Wood Group sells Built Environment Consulting to WSP for $1.9bn
LONDON, UK: John Wood Group has signed an agreement for the sale of its Built Environment consulting business (Built Environment Consulting) to WSP Global Inc. for gross proceeds of approximately $1.9 billion. Robin Watson, Chief Executive, said: “We are very pleased to have agreed this sale with WSP. This transaction will deliver significant value for our shareholders…
Frasers Group acquires online women’s fashion retailer, Missguided
LONDON, UK: Frasers Group plc has acquired certain intellectual property of the online women’s fashion retailer, Missguided Limited (in administration), Mennace Limited (in administration) and Missguided (IP) Limited for a cash consideration of £20 million. Following completion, the business will be operated by the administrator under a transitional agreement for a period of approximately 8…
Tullow Oil and Capricorn Energy agree on all share business combination
LONDON, UK: The boards of directors of Tullow Oil and Capricorn Energy have reached agreement on the terms of a recommended all-share combination of Tullow and Capricorn to create the Combined Group. It is intended that the combination will be implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies…
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National Australia Bank completes acquisition of Citigroup consumer business
SYDNEY, AUSTRALIA: National Australia Bank (NAB) has completed the acquisition of Citigroup’s Australian consumer business (Citigroup Consumer Business). NAB Chief Executive Officer Ross McEwan said: “The acquisition of the Citigroup Consumer Business supports our ambition to build a leading personal bank. “We have good momentum in our Personal Banking division, driven by our aim to…
Edenville Energy terminates contract with NextGen Coalmine
LONDON, UK: Edenville Energy Plc (AIM: EDL) has reached an agreement with NextGen Coalmine to terminate the contract for the operation of the company’s Rukwa Coal Project, entered into on 3 February 2022. Edenville Energy has subsequently resumed full control of the site and mining operations. Following the termination of the Contract all mining equipment…
GSK to acquire Affinivax Inc. in a multi-billion dollar deal
LONDON, UK: GSK plc (LSE: GSK) has entered into a definitive agreement to acquire Affinivax Inc., a clinical-stage biopharmaceutical company based in Cambridge, Boston, Massachusetts, for a $2.1 billion upfront payment and up to $1.2 billion in potential development milestones. GSK will account for the transaction as a business combination. Under the terms of the…
Coral Products has acquired Alma Products Limited
LONDON, UK: Coral Products plc, a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester, has acquired the entire issued share capital of Alma Products Limited for a net consideration of £1.5 million to be satisfied in cash. The cash consideration for the acquisition is being satisfied from the Group’s…
Oxford Metrics sells infrastructure asset management division, Yotta, for £52mn
LONDON, UK: Oxford Metrics plc (LSE: OMG) announced the sale of its infrastructure asset management division, Yotta, to Causeway Technologies for a cash consideration of £52.0 million. Yotta today serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services – including highways, street…
Saint-Gobain divests several glass processing businesses in Germany & Austria
LONDON, UK: Saint-Gobain has entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt – a glass processing business in Germany – to the CALEOGLAS Group. The closing…
Stagecoach acquires Kelsian Group’s east London bus operations for £20mn
LONDON, UK: Stagecoach Bus Holdings Limited has entered into binding agreements to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange for total consideration of £20 million. Upon completion, £10m will be payable, with a further £1m per annum payable for ten years commencing on the first anniversary following completion, subject to…