LONDON: Majestic Wine PLC has entered into an agreement to sell Majestic Wine Warehouses Limited and Les Celliers de Calais, which together comprise the Majestic Retail and Commercial businesses to CF Bacchus Holdings Limited, a vehicle controlled by funds managed by Fortress Investment Group LLC, for a total consideration of £95 million. A separate sale…
Category: Singapore Exchange
Corporate Sector, Industry, Singapore Exchange, News Releases
Matthew Farnum-Schneider appointed CEO of Ultimate Sports
LONDON: Ultimate Sports Group has announced the appointment of Matthew Farnum-Schneider as Chief Executive Officer (CEO) with effect from 1 August 2019. Matthew Farnum-Schneider is an experienced senior executive, having most recently been a Managing Director and Senior Adviser to the CEO at Credit Suisse between 2015-2019, prior to which he was Managing Director at…
Georgia Capital acquires 80% stake in Green School LLC
LONDON: Georgia Capital PLC has signed a share purchase agreement to acquire an 80% equity interest in Green School LLC. The transaction values Green School at 5.8x EV/EBITDA 2020 based on initial consideration payable by Georgia Capital upon transaction completion. An additional earn-out may apply if the existing school campus annual earnings reach GEL 2…
Uniphar announces completion of Durbin acquisition
DUBLIN: Uniphar plc has announced the successful completion of the acquisition of Durbin plc and Durbin Inc, a specialist provider of pharmaceuticals with offices in the UK and the US supplying over 160 countries. Durbin will be integrated into Uniphar’s Product Access division, providing the Group with the opportunity to become a leading player in…
GSK and Pfizer form new world-leading consumer healthcare joint venture
LONDON: GlaxoSmithKline (GSK) has completed its transaction with Pfizer to combine their consumer healthcare businesses into a world-leading Joint Venture (JV). GSK has a controlling equity interest of 68% and Pfizer has an equity interest of 32% in the Joint Venture. Joint Venture brings together two highly complementary portfolios of trusted consumer health brands, including…
LSEG acquires Refinitiv for $27bn to become largest global FMI provider
LONDON: London Stock Exchange Group plc (LSEG) has agreed definitive terms with a consortium including certain investment funds affiliated with Blackstone as well as Thomson Reuters to acquire the Refinitiv business in an all share transaction for a total enterprise value of approximately US$27 billion. Blackstone’s consortium includes an affiliate of Canada Pension Plan Investment…
Vodafone completes acquisition of European Liberty Global assets
LONDON: Vodafone Group has completed the acquisition of Liberty Global’s operations in Germany and the Czech Republic, Hungary, and Romania (CEE) for a total enterprise value of €18.4 billion. Vodafone now becomes Europe’s leading converged operator with 54 million cable and fibre households ‘on-net’ and a total next-generation network reach of 124 million homes and…
PSA International acquires Halterm container terminal
SINGAPORE: PSA International Pte Ltd (PSA) has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets, following formal approval by the relevant regulatory authorities. Halterm is the only container terminal in Eastern Canada that can serve mega container…
Dan Tan appointed CEO of Amos Group Limited
SINGAPORE: AMOS Group Limited, a supplier of products, services, and solutions to the marine and offshore industries, announced the appointment of Dan Tan as its new Chief Executive Officer (CEO). Tan joined Amos International Holdings as Chief Financial Officer in April 2017, which was later acquired by AMOS in October 2018. Tan was subsequently appointed…
Qatar National Cement posts profits
DOHA: Qatar National Cement Company disclosed its reviewed financial statements for the period ended on 30.06.2019. The statement shows that the net profit is QR 100.14 million compared to net profit amounting to QR 168.52 million for the same period of the previous year. Earnings per share (EPS) amounted to QR 0.153 for the period…
HRnetGroup acquires 11.67mn shares of Staffline for £21mn
SINGAPORE: HRnetGroup Limited has acquired 11.67 million shares of Staffline Group at a price of 180 pence for a total cash consideration of £21.009 million. Following the acquisition, HRnetGroup’s total holding in Staffline has increased to 17.154 million shares representing 24.89% of the total voting rights of Staffline. The transactions will be funded through internal…
Dubai Investments reports 17% increase in second quarter profits
DUBAI: Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market, reported profit of AED 151 million for the second quarter ended June 30, 2019, an increase of 17% compared to the same period last year. In his comments, Khalid Bin Kalban, Managing Director and CEO of Dubai Investments, said: “Dubai…