AMSTERDAM: OCI Global announced Monday it has reached an agreement to sell a 50% equity interest in its subsidiary Nitrogen Intermediate Holding B.V., which wholly owns OCI Nitrogen, to European nitrogen products manufacturer AGROFERT. The deal includes a put/call option for the remaining 50% stake. The initial transaction values the 50% stake at 50% of €110 million,…
LONDON: Anglo American announces that it has agreed to sell its portfolio of steelmaking coal mines in Australia (“Steelmaking Coal Portfolio”) to Dhilmar Limited for a cash consideration of up to US$3.875 billion. The agreed cash consideration of up to US$3.875 billion comprises an upfront cash consideration of US$2.3 billion payable by Dhilmar at completion and a price-linked earnout1…
LONDON: 3i Infrastructure plc has agreed to sell its 71% stake in TCR, the largest independent lessor of airport ground support equipment. Expected net proceeds to 3iN from the sale are approximately €1,140 million, a c.22% uplift from our valuation at 30 September 2025 and a c.50% uplift from the last valuation set before the beginning of…
LOS ANGELES: The Buss family has agreed to sell a majority stake in the Los Angeles Lakers to businessman Mark Walter in a deal that values the storied NBA franchise at $10 billion. The sale would set a new record for an NBA team valuation. The Lakers play at Crypto.com Arena, which is owned by…
Bakkavor completes sale of China operations 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…
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….
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…
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. –…
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 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
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…
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…