SYDNEY, AUSTRALIA: Swoop has entered into a binding sale agreement to divest the entire issued share capital of Voicehub Group Pty Ltd and Harbourtel Pty Ltd (the entities that own and operate Swoop’s wholesale focused voice call termination business) to Pivotel for $9m cash. The purchase price is comprised of $8m payable on completion and…
Tag: Divest
Societe Generale to divest equipment financing business to Groupe BPCE for €1.1 billion
PARIS, FRANCE: Societe Generale’s Board of Directors has approved the signing of a Memorandum of Understanding with Groupe BPCE for the divestment of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF). Groupe BPCE would take over most of Societe Generale Equipment Finance activities, which offer tailor-made financing and leasing solutions for…
Impact Minerals to divest Commonwealth Project in New South Wales
SYDNEY: Impact Minerals Limited (ASX:IPT) has officially signed a share sale and purchase agreement to divest up to 75% of its wholly-owned Commonwealth Project in New South Wales. The agreement follows the Revised Term Sheet announced on August 16th, 2023. Dr. Mike Jones, Managing Director of Impact Minerals, expressed the company’s strategic approach to holding…
Woodbois Ltd divests Mozambique operations
LONDON, UK: Woodbois Ltd (AIM:WBI), a leading company in the international timber industry, announced its decision to divest its operations in Mozambique. The Group has signed a Letter of Intent (“LOI”) for the sale of the legal entities associated with its Mozambique operations to a local purchaser. A comprehensive sale agreement is expected to be…
Scirocco Energy to sell its stake in EAG for £2.6 million plus potential bonus
LONDON, UK: Scirocco Energy (AIM: SCIR), a company that invests in European sustainable energy and circular economy projects, has announced that it has reached a conditional agreement to sell its stake and investment in Energy Acquisitions Group Limited (EAG) for an enterprise value of £2.6 million before adjustments, plus up to £150,000 more if EAG…
Quadient divests its Graphics activities in the Nordic countries to Ricoh
PARIS, FRANCE: Quadient has completed divestment of its Graphics activities in the Nordic countries to the print company, Ricoh, a statement said. Quadient is a leader in helping businesses create meaningful customer connections through digital and physical channels. As part of its ‘Back to Growth’ strategy, Quadient remains fully committed to accelerate the growth of…
Saint-Gobain divests several glass processing businesses in Germany & Austria
LONDON, UK: Saint-Gobain has entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt – a glass processing business in Germany – to the CALEOGLAS Group. The closing…
Parker-Hannifin Corp divests Aircraft Wheel and Brake Division to Kaman Corporation
LONDON, UK: Parker-Hannifin Corporation has signed an agreement to divest its Aircraft Wheel and Brake Division, located in Avon, Ohio, in the United States, to Kaman Corporation, a leading manufacturer of components and materials for aerospace and defense, industrial and medical markets. Parker’s Aircraft Wheel and Brake Division is a leading manufacturer of aircraft wheel…
HT&E to divest 4KQ Brisbane radio for $12mn
SYDNEY, AUSTRALIA: HT&E Limited has signed a contract to sell its 4KQ Brisbane radio station and licence to a subsidiary of Sports Entertainment Group Limited (ASX: SEG). The sale of 4KQ was required by the Australian Communications and Media Authority (ACMA) following HT&E’s acquisition of the “ARN Regional” business from Grant Broadcasters, which completed on…
BW Offshore to divest FPSO Polvo to BW Energy
OSLO, NORWAY: BW Offshore has signed an agreement for the sale of the FPSO Polvo to BW Energy for a total consideration of USD 50 million. The sale will be completed no later than July 24, 2023. BW Energy has the option to complete the transaction before that date. If the transaction is completed early,…
Minbos executes agreement to divest Madagascar Rare Earths Project
SYDNEY, AUSTRALIA: Minbos Resources Limited (ASX: MNB) has entered into a binding Agreement with ALS (Hong Kong) Limited to divest its interest in its Madagascar Rare Earths Project. Minbos holds an interest in the Madagascar Rare Earths Project through an Option Agreement with Tana Minerals Pty Ltd. Under the agreement, Minbos has the exclusive right…
PNX Metals to divest Moline Project for up to $3 million
SYDNEY, AUSTRALIA: PNX Metals Limited (ASX: PNX) has agreed to divest the Moline project in the Northern Territory to Sovereign Metallurgical Pty Ltd for a total consideration of up to $3.0 million, plus refund the existing tenement bond of approximately $300,000. The Moline project is located approximately 65km east of the Company’s Fountain Head and…