At HUAWEI CONNECT 2021, Huawei unveiled breakthrough innovations in several different domains, providing a first look at its comprehensive digital infrastructure range. Several of these innovations are completely new, and have never been seen before outside of Huawei’s labs. The release highlighted how these products and solutions are set to shape digital infrastructure for the…
Fitch assigns Heimstaden Bostad a BBB Rating
OSLO, NORWAY: Fitch Ratings has initiated coverage of Heimstaden Bostad and assigned an investment grade rating of ‘BBB’ with stable outlook.The rating takes into consideration Heimstaden Bostad’s recently announced acquisition of Akelius’ German, Swedish and Danish residential properties and operations. Key attributes highlighted by Fitch include: Strong position as one of the leading residential property…
Faurecia offers €60/share in cash for Hella public takeover
PARIS, FRANCE: Faurecia, with its wholly owned subsidiary Faurecia Participations GmbH as bidding entity, today published the offer document for its voluntary public takeover offer in cash for all outstanding shares of Hella, a major automotive player in lighting and electronics based in Lippstadt, Germany. The offer price is €60.0 per share in cash. This…
Fitch affirms Iceland at ‘A’; outlook negative
REYKJAVÍK, ICELAND: Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The ‘A’ rating is driven by Iceland’s very high income per capita, very strong governance, human development and doing business indicators that are more consistent with those of ‘AAA’ and ‘AA’ rated countries. The rating is…
S&P re-affirms credit rating with outlook revised up on improved growth prospects
LONDON, UK: Victoria PLC, the international designers, manufacturers and distributors of innovative flooring, is pleased to announce that, S&P have formally improved their view of the outlook for Victoria’s 2026 and 2028 Senior Notes based on the strong trading performance of the Group, its effective mitigation of raw material price inflation, and the Group’s track…
$25 million investment into Isotropic Systems
LONDON, UK: Seraphim Space Investment Trust, the world’s first listed fund focused on Space Tech, has made an investment of $25 million into portfolio company Isotropic Systems, a leading developer of transformational broadband terminal technologies which is looking to redefine satellite communications. Isotropic’s Series B funding round, which was led by the Company’s investment manager,…
TotalEnergies and Safran for decarbonization of aviation industry
PARIS, FRANCE: TotalEnergies and Safran have signed a strategic partnership agreement to jointly develop technical and commercial solutions for the decarbonization of the aviation industry. In line with the ambition of both companies to reach net zero CO2 emissions by 2050, this major partnership aims to accelerate the reduction of the CO2 emissions of the…
Kerry completes sale of its foods meats and meals business
LONDON, UK: Kerry Group plc, the global taste & nutrition company, today announces that it has completed the sale of its Consumer Foods’ Meats and Meals business to Pilgrim’s Pride Corporation for €819m (£704m). The sale was first announced on 17 June 2021. Commenting on the closure of the sale, Edmond Scanlon, Chief Executive Officer of…
Andy Pinkes appointed Global CEO of R&Q’s legacy insurance business
LONDON, UK: Randall & Quilter Investment Holdings announced the appointment of Andrew (Andy) Pinkes as Global CEO of R&Q’s Legacy Insurance business. The appointment follows the recent announcement of Gibson Re, a Bermuda-domiciled sidecar with $300 million of capital which will allow R&Q to support $2 billion of legacy insurance reserves. Andy will report into…
Workspace buys The Old Dairy (Stapleton House) for £43.38mn
LONDON, UK: Workspace Group has exchanged contracts to acquire Stapleton House, also known as ‘The Old Dairy’, in Shoreditch, for a total of £43.38 million. The property provides 57,000 sq. ft. of net lettable space adjacent to Workspace’s business centre, The Frames, which opened in 2017 following a major refurbishment project. The Old Dairy is…
Creightons plc buys Brodie and Stone for £4.8 million
LONDON, UK: Creightons plc has acquired the entire share capital of Brodie and Stone Holdings Limited (BSH) and its subsidiary, Brodie and Stone International Limited (BSI). Brodie and Stone sells products under the T Zone, Natural World and Janina brands, primarily to retailers in the UK market. The consideration for the transaction is approximately £4.8…
Hikma Pharmaceutical agrees to buy Custopharm for $375 million
Hikma Pharmaceutical , Custopharm , acquire, Waster Street Healthcare Partners, LONDON, UK: Hikma Pharmaceuticals PLC (Hikma), the multinational pharmaceutical company and one of the largest suppliers of generic injectable medicines in the US, has agreed to acquire Custopharm Inc. from Water Street Healthcare Partners. Hikma will pay an initial cash consideration of $375 million on a debt…