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Banco Santander launches $850 million tender offer for AT1 securities
MADRID: Banco Santander, S.A. said Wednesday it has begun a cash tender offer to purchase up to $850 million of one series of its outstanding U.S. dollar-denominated Additional Tier 1 (AT1) securities. The offer covers the bank’s 4.750% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities, with a principal amount outstanding of $1 billion. The securities…
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QuickFee sells US Pay Now business to Aiwyn for $26.35 million, retains finance arm
SYDNEY: QuickFee Ltd. (ASX: QFE) has sold its U.S. Pay Now business to Aiwyn Inc., a KKR- and Bessemer-backed technology firm, for US$26.35 million (A$40 million), marking a strategic pivot toward core lending operations. The deal, completed immediately, includes QuickFee’s ACH, card and Connect payment services, and values the unit at five times its…
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IMDEX posts resilient FY25 earnings, advances digital strategy amid market headwinds
Group revenue rose 3% year-over-year to A$431 million, while reported EBITDA surged 15% to A$130 million PERTH: Mining technology firm IMDEX Ltd. reported resilient earnings and a record fourth-quarter revenue performance for the fiscal year ended June 30, 2025, underscoring its strategic pivot toward digital growth and high-margin technologies. Group revenue rose 3% year-over-year…
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Downer sells stake in Keolis Downer JV for $132 million amid portfolio overhaul
SYDNEY: Downer EDI Limited said Tuesday it has agreed to sell its 49% stake in the Keolis Downer joint venture to French transport operator Keolis Group, in a move that sharpens Downer’s strategic focus and simplifies its portfolio. The transaction values the joint venture at $132 million on an enterprise basis. Downer is set…
