LONDON, UK: Rolls-Royce announced the completion of the sale of civil nuclear instrumentation & control (I&C) business to Framatome. The completion of the transaction, which was first announced on 7 December 2020, follows recent clearance from the relevant regulatory authorities. The proceeds received by Rolls-Royce contribute towards the target to generate at least £2bn from…
Recycling Technologies announces £40 million IPO
LONDON, UK: Recycling Technologies announced its intention to proceed with an initial public offering (IPO) to raise gross proceeds of up to £40 million on the AIM market of the London Stock Exchange. Recycling Technologies expects Admission to occur in December 2021. Recycling Technologies Limited is a UK-based engineering, research and manufacturing company that has…
Sirius Real Estate to acquire BizSpace for £245 million
LONDON, UK: Sirius Real Estate Limited has agreed to acquire Helix Investments Limited (the holding company of the BizSpace business) from Värde Partners for a cash consideration of c.£245 million, based on an enterprise value of £380 million. BizSpace is a leading provider of regional flexible workspace, offering light industrial, workshop, studio and out of…
Federico Tonetti appointed CEO of Woodbois Limited
LONDON, UK: Woodbois Limited announced the appointment of Federico Tonetti to the role of Chief Executive Officer with immediate effect. Paul Dolan, previously Chair and CEO, will assume the position of Executive Chair of the Company, and will remain fully involved in the day to day running of the business and especially its strategic development.…
COSOL Limited agrees to acquire Clarita Solutions
BRISBANE, AUSTRALIA: COSOL Limited has executed a Share Purchase Agreement (SPA) to acquire Clarita Solutions Pty Ltd. Upfront consideration for the acquisition consists of $7 million in cash and 7.95 million COSOL shares, with up to a further $3.75 million payable in either cash or an issue of shares by way of earn-out consideration based…
ABEO acquires Belgium-based Eurogym
PARIS, FRANCE: ABEO, a leading global supplier of sports and leisure equipment, has acquired entire share capital of Belgian company Eurogym, which specialises in the distribution of leisure and competition gymnastics equipment. Created 29 years ago, Eurogym was acquired from its founder, Lieven Vercruyssen, who will support ABEO for the time necessary to ensure the…
BHP Group to sell BHP Mitsui Coal for $1.35bn
LONDON, UK: BHP Group signed a deal to sell its stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, to Stanmore Resources for up to $1.35 billion, a news release said. Stanmore, which is majority-owned by Singapore-listed Golden Energy and Resources, agreed to acquire BHP’s 80% stake in BHP Mitsui Coal, which owns…
Bank Alfalah, Adal Fintech collaborate to provide digital lending
ISLAMABAD, PAKISTAN: Bank Alfalah and Adal Fintech have collaborated to offer digital supply chain financing all over Pakistan, a news release noted. The scope of this alliance is to extend digital lending facility to the retailers in coordination with their suppliers. This solution enables the retailer to opt for financing facility on the real-time basis.…
Aramex plans diversification, expansion to remain resilient
ABU DHABI, UAE: Aramex, the Emirati multinational logistics company, plans further diversification and strengthen its global network to be resilient to deal with the challenges, such as supply chain disruptions. Othman Aljeda, Group Chief Executive Officer, Aramex, said: “Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and…
CEO Emergy AS, Emma Collins resigns
OSLO, NORWAY: Emergy AS announced the resignation of Chief Executive Officer Emma Collins who has decided to embark in a different direction and pursue other opportunities. The effective date of departure will be Monday 15th of November, 2021. Emma Collins has more than 30 years of experience in the renewable energy industry. On behalf of…
Bouygues SA and Equans Group agree to €7.1 billion merger
PARIS, FRANCE: Bouygues SA and Engie have signed a purchase agreement according to which Bouygues has agreed to acquire all of the Equans group. Based on an enterprise value of €6.7 billion, and given the synergies and strong growth expected in the years ahead, the multiple of enterprise value to 2026 current operating profit is…
Qatar First Bank acquires Ten West Corporate Center One in Houston
DOHA: Qatar First Bank announced the acquisition of Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and institutionally-owned office building located in Houston’s Energy Corridor. The property is fully leased to Wood Group Mustang Inc, a subsidiary of the British industrial services firm, John Wood Group, which offers engineering, procurement, and construction…