PARIS, FRANCE: ALD Automotive has signed a memorandum of understanding to acquire 100% of LeasePlan from a consortium led by TDR capital for a total consideration of EUR 4.9 billion to be made through a combination of cash and shares. LeasePlan is one of the leading fleet management and mobility companies in the world by…
Latitude Group to acquire Humm’s consumer business for $335mn
SYDNEY, AUSTRALIA: Latitude Group Holdings intends to acquire Humm’s consumer business (comprising BNPL, Instalments and Cards) for approximately $335 million comprising 150 million Latitude shares and $35 million cash. Latitude and Humm Group Limited have signed a non-binding heads of agreement in respect of the transaction, which includes an exclusivity undertaking until 31 January 2022….
Peet Limited sells Queensland broadacre site for $80 million
SYDNEY, AUSTRALIA: Peet Limited announced the sale of approximately 250 hectares of broadacre land in New Beith, Queensland for circa $80 million. The sale is unconditional, with settlement scheduled to occur in the first half of FY23. Peet Limited Managing Director and Chief Executive Officer, Brendan Gore, said the sale highlighted the company’s ongoing focus…
Karen Linehan joins VEON Board as non-executive director
AMSTERDAM: VEON Ltd., a leading global provider of connectivity and internet services, today announced that Karen Linehan, former General Counsel of Sanofi, has joined the VEON Board as a non-executive director. Karen Linehan spent more than 30 years at Sanofi, a leading international healthcare company, in different legal roles, including more than a decade as…
Dolphin Design expanding into Asia
SINGAPORE: Dolphin Design, a company specialized in advanced chip design, will open its new dedicated Edge Computing and AI branch in Singapore. Dolphin Design’s vision is to enable the largest possible AIoT/EDGE IoT semiconductor community to deliver products with ultimate energy efficiency and performance given its mantra “Consume less energy while increasing performance”. Soitec holds…
Arxada completes merger with Troy
BASEL, SWITZERLAND: Arxada, a leading global specialty chemicals business, announced the completion of the merger with Troy Corporation, a global leader in microbial control solutions and performance additives. The combination, announced on 3 November 2021, creates a comprehensive and innovative offering in Arxada’s Microbial Control Solutions (‘MCS’) business, enabling the delivery of new solutions and value-added services…
Pioneer Media Holdings acquires NGMI Labs for $7.0mn
VANCOUVER: Pioneer Media Holdings has acquired NGMI Labs Inc., an onramp into DAOs (decentralized autonomous organization) and tokenized communities, in a $7.0 million deal. Under the terms of the acquisition, Pioneer has acquired 100 per cent of the outstanding shares of NGMI for a total consideration of four million common shares of Pioneer issued at…
Entra announces sale of major part of Stavanger portfolio
OSLO, NORWAY: Entra ASA has entered into an agreement to divest a major part of its Stavanger portfolio to SVG Property AS. The transaction involves Entra’s 50 % share in Hinna Park Eiendom AS (HPE), a property company holding four properties with associated development potential located at Hinna Park outside Stavanger and the property Nytorget…
Cordiant Digital acquires DataGryd in New York, Emitel in Poland
LONDON, UK: Cordiant Digital Infrastructure Limited has entered into binding agreements to acquire a strategic interconnect data centre in New York and a multi-asset digital infrastructure platform in Poland. Cordiant Digital (via its wholly-owned subsidiary) has entered into a binding agreement to acquire certain assets constituting the full operational platform (and assumed certain operational liabilities)…
Harris acquires i2 product portfolio from IBM
CAMBRIDGE, UK: Harris, a global vertical market software provider, has acquired the i2 intelligence analysis product portfolio of IBM, including the i2 Analyst’s Notebook, i2 Enterprise Insight Analysis (EIA) and i2 iBase platforms. The acquisition positions Harris to further deliver mission-critical applications for national defense, state & local law enforcement, maritime security as well as…
PCI Biotech and MDimune form research collaboration
OSLO, NORWAY: PCI Biotech, a Norwegian cancer focused biopharmaceutical company and MDimune Inc., a private South Korean biotech company developing innovative drug delivery technologies for modifying cellular and disease processes in many areas of human disease, announced a preclinical research collaboration that would offer several opportunities for future development. Commenting on the announcement, Per Walday,…
Raslaffan to acquire 40% shares in Nebras Power for $530mn
DOHA, QATAR: Raslaffan Operating Company has signed a share sale and purchase agreement with Qatar Holding LLC (QH), to purchase 40% of the share capital of Nebras Power from QH. The agreed purchase price for the transaction is $530 million. “Qatar Electricity and Water Company (QEWC) wishes to disclose that Raslaffan Operating Company W.L.L., a…