CALGARY: PetroTal Corp. (LON:PTAL) advises that a 7.5 magnitude earthquake hit northern Peru early Sunday November 28, 2021 with the epicenter approximately 98km from the town of Santa Maria de Nieva and 400km from Bretana. PetroTal’s production facilities were not damaged, and the Company reported no injuries related to the earthquake. Earthquakes are relatively common…
Believe acquires 76% stake in India’s Think Music for €13mn
PARIS, FRANCE: Believe, one of the world’s leading digital music companies, has acquired Think Music, one of the leading in South India based music labels. Believe acquires control with an initial 76% stake in Think Music for c. €13 million. The valuation reflects the strong growth of the business. The current management team led by…
TotalEnergies launches its largest solar power plant in France
PARIS, FRANCE: TotalEnergies (NYSE:TTE) has launched its largest photovoltaic solar power plant in France, with a capacity of 55 megawatts (MW), a news release said. The solar farm, located northeast of Gien (Loiret), comprises 126,000 photovoltaic panels spread over 75 hectares. The plant will produce around 64 GWh per year, equivalent to the annual electricity…
Palace Capital disposal strategy continues with Aldershot sale
LONDON, UK: Palace Capital (LON: PCA) announced that it has sold 24 Blackwater Way, Aldershot to a private property company for £2.44 million. Palace Capital (LON: PCA) is the Main Market property investment company that has a diversified portfolio of UK commercial real estate in carefully selected locations outside of London with a focus on…
Wallenius Wilhelmsen names Lasse Kristoffersen as new CEO
OSLO, NORWAY: The Board of Wallenius Wilhelmsen ASA has today named Lasse Kristoffersen as CEO. Kristoffersen will start in his new role no later than 1 June 2022. “We are very pleased to welcome Lasse Kristoffersen to Wallenius Wilhelmsen. With his background and experience, we are confident that he, together with our experienced team, will…
Franchise Brands acquires Azura Group for £1.0 million
LONDON, UK: Franchise Brands (LON: FRAN) has acquired the entire issued share capital of Azura Group Ltd, a leading franchise management software system developer. The gross consideration for the acquisition is £1,000,000, payable as £850,000 in cash and £150,000 in Franchise Brands shares. It is warranted by the vendors that the cash in Azura’s balance…
Constellation Automotive to acquire Marshall Motor for £322.9mn
LONDON, UK: Constellation Automotive Holdings’s wholly-owned subsidiary CAG Vega 2 Limited has offered to acquire the entire issued and to be issued share capital of Marshall Motor Holdings for £322.9 million. CAG Vega 2 has received an irrevocable undertaking to accept the offer from Marshall of Cambridge (Holdings) Limited in respect of its entire shareholding…
Smartbox Holdings acquiring REHAVISTA and LogBUK for €10mn
LONDON, UK: Smartbox Holdings, a group company of CareTech Holdings, is acquiring REHAVISTA GmBH and its subsidiary company LogBUK. Smartbox will pay a purchase price of €10m to be satisfied in cash on completion, expected on 30 November 2021. The transaction is being funded by the Group’s debt facility with CareTech subscribing for additional shares…
Clipper Logistics acquires CE Repair in Netherlands for €17.5mn
LONDON, UK: Clipper Logistics plc has entered into an agreement to acquire the entire issued share capital of CE Repair Services Group B.V (CE Repair) in the Netherlands. The initial consideration is €12.5m in cash, with up to a further €5.0m deferred consideration dependant on EBIT growth to €3.5m in calendar year 2024. The assets…
David B. Cook, CEO of Noreco, resigns
OSLO, Norway: Norwegian Energy Company ASA (Noreco) announced that the Chief Executive Officer, David B. Cook, and the Board of Directors have agreed his resignation from the Company effective today. Chief Financial Officer, Euan Shirlaw, will take on the formal role of Acting Managing Director in Noreco. “We would like to thank Mr Cook for…
Elis acquires Chrisal in Denmark
SAINT-CLOUD: Elis, an international multi-service provider, today announced the acquisition of 100% of Chrisal Skadedyrsservice A/S in Denmark. Chrisal is a 15-employee pest control business based in Stenderup, Denmark. It covers the entire country, with a marked presence in the Jutland region. It will post revenue of c. €3m in 2021 with very good profitability….
TPG Singapore acquires additional 5G Spectrum
SYDNEY, AUSTRALIA: Tuas Limited (ASX:TUA) announced that, in the quantity stage of the 2.1 GHz spectrum auction conducted by the Singapore Infocomm Media Development Authority, TPG Singapore has been provisionally awarded 10 MHz (2 x paired 5 MHz lots) of spectrum in the 2.1 GHz band for a price of S$31m. An assignment stage of…