AUCKLAND: AMP Limited and Ares Management Corporation have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority…
LONDON: Anglo Pacific Group has agreed to acquire a holding company that, in turn, holds a 70% net interest in a stream on cobalt production from the Voisey’s Bay mine in Canada from private equity sellers for cash consideration of…
OSLO: Keliber Oy and leading international mining company Sibanye-Stillwater Limited have entered into an investment agreement for an initial phased equity investment of EUR 30 million for approximately 30% shareholding in Keliber, a news release said. In addition, existing shareholders…
LONDON: Aviva Plc has sold Aviva France to Aéma Groupe for €3.2 billion in cash, a news release said. Key highlights: · Significantly strengthens Aviva’s capital and liquidity with an increase in excess capital3 of c. £2.1bn and centre cash3…
MOSCOW: Sistema PJSFC has completed the establishment of the pharmaceutical holding company Binnopharm Group, a news release said. To create the pharmaceutical holding company, Sistema and its financial partner, VTB Group (VTB), contributed their 56.2% stake in OJSC Sintez (which…
LONDON: Total Produce plc, Dole Food Company and affiliates of Castle & Cooke (C&C) have entered into a binding transaction agreement to combine under a newly created, U.S. listed company, Dole plc. The Transaction will simplify the existing structure between…
CALGARY: PetroTal Corp. announced that on February 16, 2021 it completed the issuance of the $100 million issue of senior secured bonds, previously announced on February 2, 2021. The new bond issue will be PetroTal’s only interest bearing debt and…
LONDON: Mail.ru Group, USM, Ant Group, Russian Direct Investment Fund (RDIF) and MegaFon announced that they have signed binding agreements to create a payments joint venture (PJV) and a financial services joint venture (FSJV). The announcement follows the signing of…
The Management of Fauji Fertilizer Company Limited held a Corporate Briefing Session on 9th Feb’21 to discuss the financial result of CY20 and future outlook. Takeaways · To recall the company posted a bottom-line of PKR 20,819mn (EPS: PKR 16.36)…
VANCOUVER: Icanic Brands Company has signed a binding LOI to acquire De Krown Enterprises LLC, a California based leading cannabis white label manufacturer and brand owner. De Krown is led by a team of successful and tenured executives from the…
MINNEAPOLIS: Northern Oil and Gas Inc. (NOG) has entered into a definitive agreement to acquire certain non-operated assets in the Appalachian Basin from a subsidiary of Reliance Industries Ltd, a news release said. At the effective date of July 1,…
KARACHI: In a very positive development for Pakistan’s capital market, an agreement has been signed between Pakistan Stock Exchange (PSX) and MRA Securities Limited (MRA) for on-boarding of MRA as Market Maker for Exchange Traded Funds (ETFs) listed on PSX….