LONDON: RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, announced the divestiture of its Hong Kong incorporated RCPAY Limited subsidiary (RCPAY HK) for a cash consideration of HK$400,000. The Group will continue to provide remittance and payment services, including foreign exchange and payment card solutions, via its RCPAY Limited subsidiary that…
LONDON, UK: CPP Group (AIM: CPP), a provider of real-time, digitally delivered assistance products which reduce disruptions to everyday life for millions of people, announced that it has disposed of its legacy operations in Italy through the sale of its wholly owned subsidiary, CPP Italia Srl to IGS EMEA SL for a cash consideration of…
LONDON, UK: Marlowe plc, the leader in business-critical services, announced completion of the sale of certain Governance, Risk & Compliance (GRC) software and services assets for an Enterprise Value of £430 million and, as a result, confirms the timetable for the £150 million special dividend set out by the Group on 22 May 2024. The…
OSLO, NORWAY: Webstep ASA, commonly known as Webstep, has announced on May 23, 2024, that it has entered into a definitive agreement to sell its subsidiary, Webstep AB. The acquiring party is B3 Consulting Group AB, a company publicly traded in Sweden, which will take over all shares of Webstep AB. The deal, which is…
LONDON, UK: ME Group, a leader in instant-service equipment, has announced the divestiture of its subsidiary, Sempa, to Food Machine Invest, a French entity. The transaction, completed on May 20, 2024, saw ME Group GSS relinquish its entire stake in Sempa for a cash sum of €4.6 million. The decision to sell comes after a…
L3Harris Technologies, listed as LHX on the New York Stock Exchange, has entered into a final agreement for the sale of its antenna operations and associated divisions to a subsidiary of Kanders & Company, Inc. The deal, valued at $200 million, is anticipated to be finalized within this quarter, pending standard closing conditions and regulatory…
SYDNEY, AUSTRALIA: Iress Limited (IRE: ASX)has entered into a binding agreement to divest its UK Mortgage Sales & Originations business to Bain Capital Tech Opportunities LP for a total cash consideration of £85m. The sale marks a significant advancement in Iress’ transformation strategy to divest non-core assets and strengthen its balance sheet. Iress’ Mortgages business…
PARIS, FRANCE: Air Liquide (Paris: AI) has announced the sale of its operations in twelve African nations to Adenia Partners Ltd. The divestiture encompasses the group’s activities in Benin, Burkina Faso, Cameroon, Congo, Côte d’Ivoire, Gabon, Ghana, Madagascar, Mali, Democratic Republic of Congo, Senegal, and Togo, which collectively generate annual sales of approximately 60 million…
HELSINKI, FINLAND: Ponsse Plc has sold all shares in OOO Ponsse, its subsidiary that provided PONSSE services in Russia and Belarus. Today on 28 June 2022, Ponsse signed the deed of sale, according to which Ponsse’s operations in Russia will transfer to OOO Bison once the conditions of the transaction have been met. Ponsse announced…
DUBAI, UAE: Dubai Investments has entered a deal to divest a 50% stake in Emirates District Cooling Company (EMICOOL) to Actis – a leading global investor in sustainable infrastructure, at a corporate valuation of AED 3.7bn (US$1bn) and equity valuation of AED 2.4 billion (US$ 653mn). With an extensive network in multiple geographies, the JV…
OSLO, NORWAY: Telenor has agreed to divest Open Universe and the company’s fibre to the home (FTTH) accesses in the single dwelling unit (SDU) segment to Global Connect for a total consideration of NOK 3 billion. The sale includes around 200,000 ports in the open fibre neworks model and approximately 14,000 single dwelling unit fibre…
HELSINKI, FINLAND: Skanska AB has divested a residential project consisting of rental apartments, senior apartments and a home for people with special needs in Malmö, Sweden, a news release said. The buyer is Bantorget Hyresbostäder AB. The selling price is about SEK 300M, which will be recorded by Skanska Sweden in the Residential Development stream…