LONDON, UK: Octopus Renewables Infrastructure Trust has exercised the call option announced in October 2021 and completed the acquisition of two onshore wind farms in Finland. The total consideration for the acquisition, including the option deposit and funding for the final construction payments was approximately €140 million. The Saunamaa and Suolakangas wind farms have a…
Babcock sells UK Power business for £50mn
LONDON, UK: Babcock International Group announced the completion of the sale of its Power business to M Group Services for a gross cash consideration of £50 million. Babcock’s Power business is a leading provider of engineering services in the UK overhead line electric transmission and distribution industry. It is trusted to deliver high quality outputs…
Capita agrees to sell AMT Sybex for £40mn
LONDON, UK: Capita plc has agreed to sell its AMT Sybex software business to Jonas Computing (UK) Limited, in a deal that values AMT Sybex at up to £40m. AMT Sybex is the leading provider of critical utilities and infrastructure software in the UK. Its software facilitates efficient and reliable energy provision by balancing supply…
Reckitt Benckiser sells E45 brand to Karo Pharma for £200mn
SLOUGH, UK: Reckitt Benckiser Group has entered into an agreement for the proposed sale of its E45 brand and related sub-brands to Karo Pharma for an implied enterprise value of £200 million. For the financial year ended 31 December 2020, the brands had a combined net revenue of £43 million. The proposed sale, if completed,…
Alzheimer treatment granted fast track designation by the FDA
STOCKHOLM: BioArctic AB’s partner Eisai announced today that lecanemab, an investigational anti-amyloid beta (Aβ) protofibril antibody for the treatment of early Alzheimer disease (AD), was granted Fast Track designation by the U.S. Food and Drug Administration (FDA). The FDA granted Breakthrough Therapy designation for lecanemab in June of 2021. Breakthrough Therapy designation and Fast Track…
PrivateMarketsCo sells Infrastructure Debt platform for A$428mn
AUCKLAND: AMP Limited’s PrivateMarketsCo entered into a binding agreement to sell its Infrastructure Debt platform to Ares Holdings LP for a total cash consideration of A$428 million. The agreement follows PrivateMarketsCo’s strategic decision to focus on its key strength of managing equity investments in real estate and infrastructure, while also simplifying its structure and realizing…
Kinetiko Energy signs agreement to acquire Afro Energy
PERTH, AUSTRALIA: Kinetiko Energy Limited (ASX: KKO) signed a binding legal agreements for the acquisition of 100% of Afro Energy (Pty) Ltd from Badimo Gas (Pty) Ltd. Upon completion of the acquisition, Kinetiko Energy will become the sole owner of Afro Energy, which holds 100% interest in the exploration rights and sample gas production permit…
7 Ways To Prepare For An Important Test
The pressure is immense, the nerves are through the roof. You know it’s a big test – one of those important tests you’ll need to ace in order to get where you want to go. But how? How do you prepare for an important test like this? Well, we’re here with 6 tips on how…
Grano to sell its SokoPro business for EUR 45.5mn
HELSINKI, FINLAND: Panostaja’s Grano segment has signed an agreement on the sale of its SokoPro business to the international company iBinder. The sale will be carried out as a share deal and will be preceded by the partial demerger of Grano Oy, a company fully owned by Grano Group Oy, by which the SokoPro business…
Alternus Energy continues Polish expansion
DUBLIN: International Independent Power Producer (IPP) Alternus Energy Group has acquired 12.9 megawatts (MW) of operational Polish projects. The projects, each 1 MW in size, are located across the country. Alternus partnered with an experienced local developer for the development and construction of the projects. The commercial operation date (COD) for the acquired portfolio…
Love Hemp tie up with Deliveroo in London
LONDON, UK: Love Hemp Group, the brand-led consumer goods company focussed on CBD health and wellness solutions, has launched, on a trial basis, with Deliveroo, the on-demand delivery service. A Love Hemp virtual store with the Company’s full range of products is now live on Deliveroo. This initial launch is considered a trial by the…
Gfinity extends successful partnership with Venatus
LONDON, UK: Gfinity (LON: GFIN), a world-leading esports and gaming solutions provider, announced an extension of its partnership with global advertising technology platform, Venatus. The renewed agreement will see Gfinity continue to benefit from the successful partnership, further accelerating its focus on driving the value per user across its fast-growing websites under the Gfinity Digital…