HELSINKI: Sitowise Group Plc has signed an agreement to sell the entire shareholding of its Swedish subsidiary Sitowise Sverige AB (the Sweden business area) to Sweco. The business to be divested, Sitowise Sverige AB, offers technical consulting services in Sweden with a focus on structural engineering and building services for commercial and residential buildings, infrastructure design, and…
LONDON: Close Brothers Group plc has reached an agreement to sell Close Brewery Rentals Limited (CBRL) to MML Keystone, a fund managed by MML Capital. The transaction is expected to complete in the 2025 calendar year. The sale aligns with the group’s strategic priorities to simplify our portfolio, improve operational efficiency and drive sustainable growth….
SYDNEY: Following a strategic and financial review of Foxtel initiated by News Corp, Telstra today announced an agreement to divest its 35 per cent shareholding in Foxtel to DAZN alongside the divestment of News Corp’s 65 per cent shareholding announced this morning. Telstra will receive $128 million in cash for repayment of shareholder loans and…
LONDON: FD Technologies (AIM: FDP.L) has entered into an agreement to sell the Group’s First Derivative Business to EPAM Systems Inc. for an enterprise value of £230m. The divestment is expected to complete in the fourth quarter of 2024, subject to shareholder approval, amongst other things. Seamus Keating, CEO of FD Technologies, said: “This Divestment…
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces that it has signed an agreement with Zagorsky Pipe Plant (ZTZ), one of the largest Russian suppliers of large diameter pipes for oil and gas pipelines and steel products for construction, to…
LONDON, UK: Phoenix Group Holdings has entered into an agreement to sell Ark Life Assurance Company DAC to Irish Life Group Limited for a total cash consideration of €230 million (£197 million). The cash consideration represents 0.91x Solvency II Own Funds and is payable on completion, expected by early 20222, subject to customary regulatory and…