LONDON, UK: Fitch Ratings has affirmed NewRiver REIT plc’s Long-Term Issuer Default Rating (IDR) at ‘BBB’ with a Stable Outlook, senior unsecured rating at ‘BBB+’ and Short-Term IDR at ‘F2’. The senior unsecured rating applies to NewRiver’s £300 million unsecured bond dated 2028. This rating follows a transformative FY22 for NewRiver’s unsecured balance sheet, which…
ID Logistics acquires Colisweb for 24 million euros
PARIS, FRANCE: ID Logistics has acquired 100% of Colisweb, French specialist in the organization of last mile delivery by appointment. The purchase price, paid entirely in cash, is based on an enterprise value of 24 million euros. A price supplement of up to a maximum of 14 million euros may be paid in 2023 and…
Sistema increases effective stake in Binnopharm Group to 75.3%
MOSCOW, RUSSIA: Sistema’s subsidiary LLC Sistema Telecom Assets has exercised its call option to acquire the stake owned by VTB Bank in Sinocom Investments Limited, which owns shares of Ristango Holding Limited (owner of 100% of Binnopharm Group’s authorised capital) for a total of RUB 9.06 billion. As a result of the transaction, the Corporation’s…
Rentokil Initial inks deal to acquire Terminix Global for $6.7bn
LONDON, UK: Rentokil Initial plc has entered into a definitive agreement to acquire Terminix Global Holdings for stock and cash. The transaction will bring together two complementary businesses to create the global leader in pest control and hygiene & wellbeing, and the leader in the pest control business in North America, the world’s largest pest…
Proximar appoints Dharma Rajeswaran as new Chief Operating Officer
OSLO, NORWAY: Proximar strengthens its management team with the recruitment of Mr Dharma Rajeswaran as Chief Operating Officer (COO). “Rajeswaran is one of the most experienced executives within onshore farming of Atlantic salmon, representing valuable insight for successful execution”, says Joachim Nielsen, CEO of Proximar. Mr Dharma Rajeswaran has extensive operational background from the aquaculture…
Global Bioenergies completes €14.5 million fundraising
PARIS, FRANCE: Global Bioenergies announced successful completion of its capital increase for a total amount of €14.5 million, without preferential subscription rights for shareholders in favor of institutional investors for €13.5 million and of retail investors via the PrimaryBid platform for €1 million. Samuel Dubruque, Chief Financial Officer, said: “We now have €21.2 million cash in hands, which gives us visibility beyond the first semester of 2023. This transaction brings us renowned investors,…
Newcrest Mining sells royalty portfolio for $37.5 million
SYDNEY, AUSTRALIA: Newcrest Mining Limited (TSX: NCM) has entered into definitive agreements with Altus Strategies (LON: ALS) and AlphaStream Limited to sell a portfolio of 24 royalties. Newcrest will receive total cash consideration of approximately US$37.5 million from Altus and AlphaStream payable upon completion of the transaction. Completion of the transaction is expected to occur…
Aerometrex appoints Steven Masters as Managing Director and CEO
SYDNEY, AUSTRALIA: Aerometrex Limited (ASX: AMX) announced Steven Masters has been appointed Managing Director and Chief Executive Officer. Steven Masters is currently Chief Executive of ElectraNet, one of South Australia’s largest companies, and intends to commence his duties with Aerometrex in early 2022 following completion of his current employment. Mark Lindh, Aerometrex Chairman, said: “Following…
MotorK completes acquisition of Dapda
AMSTERDAM: MotorK Plc, a leading SaaS provider for the automotive retail industry in the EMEA region, has completed the acquisition of Dapda S.L., a Spanish leader in providing digital tools to automotive retailers. Founded in 2005, Dapda provides innovative solutions and services to help a broad range of automotive retailers in Spain digitise their operations…
What is Quantum Money and How Does it Work
Various aspects of quantum money, including what it is, how it is related to quantum computing, and why it is so important.
Savannah Energy inks deal to buy Exxon and Petronas assets in Africa
LONDON, UK: Savannah Energy has signed a Share Purchase Agreement (SPA) with Exxon Mobil Corporation, ExxonMobil International Holdings and Esso Exploration Holdings; and has separately signed an SPA with PETRONAS Overseas Ventures relating to the purchase of each of their entire upstream and midstream asset portfolios in Chad and Cameroon. The SPAs both have an…
Naspers to delist ADS from the London Stock Exchange
LONDON, UK: Naspers Limited has applied for the cancellation of the listing of its American Depositary Shares on the standard segment of the Official List of the Financial Conduct Authority and of trading on the Main Market of the London Stock Exchange. The delisting is intended to take effect on 14 January 2022. Following the…