LONDON, UK: Wizz Air, Europe’s fastest growing airline, has acquired 15 daily slot pairs from Norwegian Air Shuttle at Gatwick Airport. The deal means Wizz Air UK will base four additional Airbus A321neo aircraft at Gatwick, bringing the total aircraft based at Gatwick to five from Spring 2022 onwards. Wizz Air will be launching a…
TAQA & ADNOC announce $3.6bn to power, decarbonize offshore operations
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening TAQA and ADNOC’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic Initiative’. The…
Maas Capital Shipping to acquire minority stake in BW LPG India
SINGAPORE: BW LPG Limited announced that Maas Capital Shipping B.V. has entered into an agreement to acquire a minority stake in BW LPG India, a subsidiary of the company. Following this transaction, BW LPG will own approximately 67% in BW LPG India. BW LPG India is the largest owner and operator of India-flagged Very Large…
Global Infrastructure Partners buys 25% of Scotia Gas Networks
LONDON, UK: OMERS has announced the sale of its entire 25% stake in Scotia Gas Networks Limited (SGN) and its group of companies including the Issuers to Global Infrastructure Partners (GIP). The transaction is expected to complete within the current financial year and is conditional on certain regulatory approvals. Scotia Gas Networks (SGN) is the…
Croda International sells PTIC businesses for €915mn
LONDON, UK: Croda International has signed a definitive agreement to sell the majority of its Performance Technologies and Industrial Chemicals (PTIC) businesses to Cargill Velocity Holdings Limited for an enterprise value of €915 million on a cash-free, debt-free basis. Cargill Velocity Holdings Limited is a wholly owned subsidiary of Cargill Inc. The transaction follows a…
VH Global Sustainable Energy Opportunities completes $22m acquisition of four projects in Brazil
LONDON, UK: VH Global Sustainable Energy Opportunities announced the completion of its acquisition of the third $22 million tranche to fund up to four projects which will provide 28MW of energy. These acquisitions were first announced on 28 May 2021 as part of the total commitment of $63m to fund the construction of 18 remote…
B90 Holdings to acquire Spinbookie.com
LONDON, UK: B90 Holdings has entered into an agreement with Entercreation Limited to acquire certain assets, including the domain, business IP, and 100% of the operations of Spinbookie.com, an online sportsbook and casino. B90 Holdings has raised £596,800 (before expenses) through a subscription of 4,973,333 new ordinary shares of no par value in the capital…
B.P Marsh sells 40.5% stake in Walsingham Motor Insurance for £4.6mn
LONDON, UK: B.P. Marsh, the specialist investor in early-stage financial services businesses, has sold its stake in investee company Walsingham Motor Insurance Limited (WMIL), a London-based Managing General Agency, which specialises in UK Courier and Taxi fleet motor insurance. B.P. Marsh sold its 40.5% shareholding in WMIL for £4.6 million in cash. As part of…
Grafton Group to acquire Sitetech Building Products in Ireland
LONDON, UK: Grafton Group has agreed to acquire Sitetech Building Products, the market leader in the distribution of specialist construction accessories in Ireland where the business trades from two locations in Dublin and Cork. Completion of this acquisition is subject to approval by the Competition and Consumer Protection Commission in Ireland. Grafton Group is the…
Novartis to buy Syncona’s Gyroscope Therapeutics for $1.5bn
LONDON, UK: Syncona Ltd has been reached to sell its portfolio company Gyroscope Therapeutics Holdings to Novartis for up to $1.5 billion on a cash and debt free basis. Novartis will make with an upfront payment of $800 million and up to $700 million potentially due upon the achievement of certain customary milestones related to…
Graft Polymer plans to list on London Stock Exchange
LONDON, UK: Graft Polymer (UK) Plc expressed intention for its shares to be admitted to the standard segment of the Official List of the FCAand to trading on the Main Market for listed securities of the London Stock Exchange. Admission is expected in early January 2022. Graft Polymer has developed a proprietary set of polymer…
Mark Hooper appointed CEO & MD of Paragon Care Limited
SYDNEY, AUSTRALIA: Paragon Care Limited (ASX: PGC) announced the appointment of Mark Hooper as Group Chief Executive Officer and Managing Director of Paragon Care. Paragon Care Limited is a leading provider of medical equipment, devices and consumables to the healthcare markets in Australia and New Zealand. Mark Hooper is the current Chief Executive Officer of…