SYDNEY, AUSTRALIA: ConocoPhillips has exercised its pre-emption rights in relation to Origin Energy’s sale of a 10 per cent shareholding in Australia Pacific LNG to EIG for $2.12 billion, which was announced on 25 October 2021. The other shareholder in Australia Pacific LNG, Sinopec, has until 17 December to exercise its respective pro-rata pre-emption rights….
OZ Minerals sells Jericho and Eloise joint venture to Demetallica
MELBOURNE, AUSTRALIA: OZ Minerals (ASX: OZL) would sell its Jericho and Eloise Joint Venture interests (80 per cent and 70 per cent respectively) to Demetallica, a subsidiary of partner Minotaur Exploration (ASX: MEP), for consideration of A$6.6 million. The sale also includes a deferred contingent consideration of up to US$8.82 million, calculated at the rate…
S&P affirm credit ratings of Challenger
SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) announced S&P Global Ratings (S&P) has recently completed its annual ratings review and affirmed the credit rating and outlook for both Challenger Life Company Limited and Challenger Limited. Challenger’s S&P ratings are as follows: • Challenger Life Company Limited – ‘A’ rating with a stable outlook; and • Challenger…
hipages buys online tradie marketplace, Builderscrack for A$11.8mn
SYDNEY, AUSTRALIA: hipages Group Holdings (ASX:HPG) has completed the acquisition of Builderscrack, New Zealand’s leading online tradie marketplace.hipages Group is the owner of hipages, Australia’s largest online tradie marketplace and Software-as-a-Service (SaaS) provider connecting tradies with residential and commercial consumers. hipages is acquiring 100% of the issued share capital of MyQuote Limited, trading as Builderscrack,…
A Detailed Guide On How To Sell Online Businesses With Maximum Value
Many people who pursue a career online start as service providers. In most cases, this is in the form of a digital service provider, helping clients solve any challenges they face and making a profit out of it. While this is a great way to make money and friends worldwide, it is not the only…
HashiCorp prices IPO at $80 per share
SAN FRANCISCO HashiCorp, a leader in multi-cloud infrastructure automation software, announced the pricing of its initial public offering (IPO) of 15.3 million Class A common stock at $80.00 per share. All of the shares are being offered by HashiCorp. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses…
EBOS Group to acquire LifeHealthcare for A$1.16bn
AUCKLAND: EBOS Group Limited has entered into a share purchase agreement to acquire LifeHealthcare from Funds advised by Pacific Equity Partners and other minority holders. The deal comprises of 100% of LifeHealthcare’s Australian & New Zealand subsidiaries and 51% of LifeHealthcare’s Asian subsidiary, Transmedic, for total consideration of approximately A$1,167 million (representing an enterprise value…
How Much Has the Portrayal of Minorities in Film Really Changed?
It’s easy to assume a lot has changed in the American film industry since its inception over 120 years ago. As in mainstream American society, it’s undeniable that the film industry doesn’t look the same as it has in the past. While that’s true in some ways, many of the same issues about the representation…
BHM Capital wins Listing Advisory License
DUBAI, UAE: BHM Capital, a leading financial services company in the UAE, has been granted a Listing Advisory License by the Securities and Commodities Authority (SCA), the body in charge of regulating the fund and investment industry in the UAE. In being licensed as a Listing Advisor, BHM Capital now has approval to provide Issuing…
Do You Own An Online Business? Here Are Some Helpful Tips
Here’s the deal: You came up with an excellent idea for your online business and you jumped right on it. Now that you have your very own online business, you don’t know how to take it forward. That’s all right. We’ve been there too. This is why we recommend you learn how to grow your…
Glanbia plc sells 40% stakes in in Glanbia Ireland to Glanbia Co-op for €307mn
LONDON, UK: Glanbia Co-operative Society Limited has signed binding legal agreements to acquire Glanbia Plc’s 40% interest in Glanbia Ireland DAC for a purchase price of €307 million, a bourse filing noted. Update on the Proposed Transaction On 10 November 2021, Glanbia announced that it had agreed a non-binding memorandum of understanding (“MOU”) for the…
Umicore & Volkswagen to create EV battery materials joint venture
BRUSSELS, BELGIUM: Umicore and Volkswagen AG plan to establish a joint venture to build up precursor and cathode material (EV battery materials) production capacities in Europe, a news release noted. The joint venture will supply Volkswagen AG’s European battery cell production, making a considerable contribution to the region’s transition towards cleaner mobility. This partnership will…