LONDON: Centrica plc announced the sale of Spirit Energy Limited’s remaining 15% interest in the Cygnus gas field, and all other producing assets in the Greater Markham Area and Southern North Sea, to Serica Energy plc. The total value of the transaction to Spirit Energy is approximately £98 million, including headline consideration of £57 million and…
LONDON: abrdn European Logistics Income plc, a firm invested in European logistics real estate, announced Monday it has completed the sale of three multi-let warehouse estates in Poland for approximately €84 million. The assets, located in Krakow, Lodz and Warsaw, total more than 91,000 square meters of leasable area. The properties were constructed between 2018 and…
LONDON: Petershill Partners has entered into an agreement for the sale of the majority of its non-controlling equity stake in Industry Ventures. The sale arises from a full sale of Industry Ventures, led by its management team, to The Goldman Sachs Group, Inc. “Goldman Sachs” (NYSE: GS), as announced by Goldman Sachs after US market…
JOHANNESBURG: AECI Ltd. has announced the sale of substantially all assets and certain liabilities of its U.S.-based subsidiary Schirm U.S.A., Inc. to Liberation Chem-Toll LLC, a newly formed Texas company backed by Schirm USA’s senior management. The transaction marks a strategic move by AECI to streamline its operations and focus on its core mining and…
LONDON, UK: First Class Metals PLC, the UK-listed exploration company, has initiated discussions with asset management firm Seventy Ninth Resources Limited for the potential sale of select properties in northern Ontario, Canada. The negotiations, which involve both core and non-core assets, underscore the effectiveness of First Class Metals’ strategy to enhance and monetize its holdings….