LONDON: Bakkavor Group plc, a leading international provider of fresh prepared food, has entered into a binding agreement to sell its China operations, with the sale of the entire issued share capital of Bakkavor China Holdings Limited (“BCHL”) to Lihe Xing (Qingdao) Food Technology Co. Ltd., wholly owned by Lihoo’s (Qingdao) Food Industry Company Limited…
Tag: agrees to sell
80 Mile PLC agrees to sell Finnish subsidiary to Metals One
LONDON: 80 Mile PLC, an exploration and development company listed on AIM, FSE, and the Pink Market, announced Wednesday that it has signed a binding agreement to sell FinnAust Mining Finland Oy, its wholly owned Finnish subsidiary, to Metals One Plc. The subsidiary holds licenses for the Hammaslahti Copper-Zinc Project and the Outokumpu Copper Project in Finland….
Smarttech247 and Sure Ventures agree to sell Getvisibility
LONDON: Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, has agreed to sell its entire unquoted minority position in Visibility Blockchain Limited to Forcepoint, a global leader in data and cloud security. The disposal is expected to generate a gross cash…
Carr’s Group agrees to sell Engineering Division for £75 million
LONDON: Carr’s Group has announced the sale of its Engineering Division, comprised of Carr’s Engineering Limited and Carr’s Engineering (US), Inc., to Cadre Holdings, Inc. for a cash consideration of £75 million on a cash-free, debt-free basis. Transaction Highlights: – The sale, valued at £75 million, represents a multiple of 7.1x FY24 Adjusted EBITDA. –…
Titon Holdings agrees to sell South Korean businesses
LONDON: Titon Holdings Plc has entered into a conditional agreement to sell its stakes in two South Korean entities: its 51% owned subsidiary, Titon Korea Co. Ltd, and its 49% owned associate, Browntech Sales Co. Limited (BTS). The total gross cash consideration for the disposal is £750,000. The decision comes after challenging market conditions in…
Capita Plc agrees to sell its software business, Capita One for $200m
Capita plc has agreed to sell its standalone software business via the sale of Capita One Limited by Capita Business Services Ltd to Orchard Information Systems Limited, a wholly-owned subsidiary of the MRI Software LLC
Lendlease Corporation agrees to sell US Military Housing business for $320
SYDNEY: Lendlease Corporation has entered into an agreement with Omaha Beach Investment Holdings, LLC, an entity managed by Guggenheim Partners Investment Management, LLC, for the sale of its US Military Housing business for $480 (US$320) million. The sale represents a significant premium to book value and includes the operating platform of the business along with…
Applyflow Limited agrees to sell Applyflow business
SYDNEY: Applyflow Limited (ACN 107 371 497) (ASX:AFW), a global HR technology provider, has announced a conditional agreement for the sale of its Applyflow business. The sale will transfer all issued capital of Applyflow International Pty Ltd to an entity led by the acting CEO, Richard Swanton, in a management buy-out (MBO). This decision follows…
Empire Energy agrees to sell its U.S. oil & gas assets for $9.1 million
SYDNEY, AUSTRALIA: Empire Energy has entered into an unconditional agreement to sell its US oil & gas assets located in the Appalachlan region for up to US$9.1 million, comprising upfront cash payment of US$5.9 million and contingent and solar deferred payments of US$3.2 million. Upon completion, Empire’s US Macquarie Bank credit facility will be repaid…
HSBC agrees to sell its business in Argentina to Grupo Financiero Galicia for $550m
LONDON: HSBC Latin America B.V., a wholly owned subsidiary of HSBC Holdings plc, has entered into a binding agreement to sell its business in Argentina to Grupo Financiero Galicia, the largest private financial group in Argentina. Noel Quinn, Group Chief Executive, said: “We are pleased to agree the sale of HSBC Argentina. This transaction is…
Johnson Matthey agrees to sell part of its Battery Materials business for £50mn
LONDON, UK: concerned over insufficient returns, Johnson Matthey Plc (JM) has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of £50 million in cash and Johnson Matthey…