LONDON: Vodafone Group has agreed to sell 100% of Vodafone Malta (VFML) to Monaco Telecom SAM for an enterprise value of €250 million, a news release said on Thursday. Monaco Telecom has agreed to acquire VFML for a cash consideration equivalent to an Enterprise Value of €250 million, implying FY19 multiples of 7.8x EBITDA and…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Versarien to participate in Airbus led Graphene Flagship project
LONDON, UK: Versarien Plc has been selected to participate in the Graphene Flagship project led by Airbus. Versarien is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries. Funded by the European Commission, the Graphene Flagship facilitates cooperation between its partners,…
Pearson to sell its remaining stake in Penguin Random House for $675mn
LONDON, UK: In line with its simplification strategy, Pearson Plc has signed an agreement to sell its remaining 25% stake in Penguin Random House to partner Bertelsmann SE & Co KGaA for a consideration of approximately $675 million. This transaction values the Penguin Random House venture at an enterprise value of $3.67 billion, compared with…
StrongPoint announces 2020 launch of Mobile Grocery Click & Collect Locker
RÆLINGEN, NORWAY: StrongPoint ASA has announced its 2020 launch of the Mobile Grocery Click & Collect Locker. The first order is already signed with Axfood in Sweden for 4 pilot lockers to be placed in the Stockholm region. “The Mobile Grocery Click & Collect Locker is a great addition to our existing Click & Collect…
Shearwater GeoServices awarded eastern offshore India campaign
OSLO, NORWAY: GC Rieber Shipping ASA‘s 20% owned geoservices company Shearwater GeoServices has been awarded a combined 2D and 3D broadband marine seismic acquisition campaign by ONGC in Eastern Offshore, India. The contract is planned for execution in the first half of 2020. The survey covers 1,600 sq. km of 3D and 800 km of…
Uniti Group acquires 1300 Holdings
ADELAIDE: Uniti Group Limited (UWL) has completed its acquisition of 1300 Holdings Pty Ltd and subsidiaries (1300). Settlement of the 1300 acquisition occurred with the issue of 12,345,682 ordinary fully paid shares in UWL, together with a net cash payment of $58 million. The 1300 acquisition is highly complementary with UWL’s Speciality Services pillar and…
Star Resources to acquire stake in Kalgoorlie Super Pit gold mine, associated assets for $800mn
SUBIACO: Star Resources has agreed with Newmont Goldcorp Corporation’s Australian subsidiary to acquire 50 percent of the Kalgoorlie Super Pit gold mine for US$775 million and additional associated assets for US$25 million, taking the total consideration to US$800 million. The acquisition will generate a host of substantial benefits for Northern Star shareholders. The acquisition also…
Founders First Limited successfully lists on the Australian Securities Exchange
SYDNEY, AUSTRALIA: Founders First Limited has announced the successful completion of its Initial Public Offer and listing on the Australian Securities Exchange (ASX). Founders First funds many different growth strategies; including acquisitions, sales & marketing, expansion rollouts, exporting and fixed assets. Founders First Limited raised $15.78 million comprising 31.561 million new, fully paid ordinary shares…
Prospex announces conditional acquisition of stakes in operational gas power project in Spain
LONDON: Prospex Oil and Gas Plc has announced the conditional acquisition of up to a 49.9% indirect stake in El Romeral, an integrated gas production and power station operation located in the Guadalquivir basin in southern Spain. El Romeral is comprised of three production licences (together the “Area”), on which three producing wells supply gas,…
Anthem launches two products to the Indian market
LONDON: OptiBiotix Health plc has announced the commercial launch of two products formulated with SlimBiome to the Indian market in partnership with Anthem BioPharma and Zeon Life Sciences. Anthem BioPharma, an Anthem Biosciences Pvt Ltd company, is a fully integrated Indian Pharmaceutical and Biotechnology company with a turnover of £90 million in FY 2019-20 and…
Cineworld to acquire Canada based Cineplex for CAD 2.8 billion
LONDON, UK: Cineworld Group has announced proposed acquisition of the largest cinema operator in Canada with a highly attractive, well-invested portfolio and a 75 per cent box office market share, for a consideration of CAD 2.8 billion. Cineworld Group has signed an arrangement agreement with Cineplex Inc. pursuant to which Cineplex shareholders will receive CAD34…
Studio Retail Group to sell Findel Education Limited for £50mn
LONDON, UK: Studio Retail Group, the online value retail and education business, has entered into a conditional agreement for the sale of Findel Education Limited to the Council of the City of Wakefield, acting in its capacity as the lead authority of the joint committee known as the Yorkshire Purchasing Organisation, for a gross consideration…