LONDON, UK: British Land and Royal London Asset Management Property have announced the creation of a 50:50 joint venture, set to transform 1 Triton Square into a premier science and innovation hub at Regent’s Place. The partnership, valuing the property at £385 million, aims to expedite the development of this cutting-edge facility. The joint venture…
LONDON: Getech, a world-leading locator of subsurface resources, has entered into a joint venture agreement with East Star Resources plc, a London listed Kazakhstan focused copper exploration company, to pursue copper exploration in Kazakhstan. The joint venture will be conducted through a subsidiary established specifically for this purpose. Utilising its proprietary data, enhanced by in-house…
OSLO, NORWAY: Elopak and GLS Group India have entered into a long-term strategic partnership to deliver sustainable packaging solutions to consumers across India. Elopak and GLS Group India have today signed a joint venture agreement in which the two companies will each have 50% ownership. The newly formed company, GLS Elopak (headquartered at Gurugram in…
LONDON, UK: Hilton Food Group, the international multi-protein food business, has reached agreement to acquire the remaining 50% of its joint venture (JV) partner Dalco Food B.V. – a leading vegan and vegetarian product manufacturer, based in Oss, the Netherlands. Completion of this acquisition is subject to clearance from the Dutch competition authority. Since Hilton…
LONDON, UK: Bluejay Mining has announced a joint venture agreement with KoBold Metals, a mineral exploration company that uses machine learning to guide exploration for new deposits rich in the critical materials for electric vehicles. Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors…
LONDON: The Dutch dairy company FrieslandCampina International Holding and the Arabian Food industries Company (Domty) have signed a joint venture agreement that will focus on the export of cheese to Africa and the Middle East. FrieslandCampina and Domty are combining their efforts in a new company that will export and sell affordable cheese propositions to…
LONDON: NewRiver REIT announced that its joint venture with BRAVO Strategies III LLC in which it holds a 10% stake has exchanged contracts to acquire The Moor, a 28 acre estate in Sheffield city centre, from CEP ASI UKPF Nominee 1 Limited and CEP ASI UKPF Nominee 2 Limited, for total consideration of £41 million,…
LONDON: Ariana Resources plc announced the completion of its transformational joint venture with Özaltin Holding A.S. and Proccea Construction Co. following the satisfaction of all conditions precedent. Expanded joint venture with Özaltin and Proccea involves the partial disposal of the company’s interests in Turkey in exchange for US$37.75 million in cash before costs and taxation…
OSLO: Cognite AS, a global industrial software company and majority-owned subsidiary of Aker ASA, has signed a joint venture (JV) agreement with Saudi Aramco Development Company, a subsidiary of The Saudi Arabian Oil Company, as part of the two companies’ strategic partnership on industrial digitalization and sustainability initiatives. The JV is one of the initiatives…
VANCOUVER: Thoughtful Brands Inc. announced the formation of its joint venture with Franchise Cannabis Corp. to sell and market Franchise-manufactured CBD, hemp and cosmetic products in the European Union, Switzerland, Norway and the United Kingdom. The parties’ will share equal ownership in the joint venture. Franchise will manage procurement and fulfillment of customer orders from…
LONDON: TomCo Energy plc has established a joint venture company, Greenfield Energy LLC with Valkor LLC to pursue the development of an oil sands plant. Valkor has entered into an agreement with Petroteq, which will be transferred to Greenfield, for Valkor to take over the management and operations of Petroteq’s existing oil sands plant at…
SINGAPORE: HRnetGroup Limited has announced the incorporation of a joint-venture entity, PT Recruit First Indonesia (RFI) for manpower activity services in Indonesia. HRnetGroup Limited is a Singapore-based recruitment agency. The Company operates through two segments: flexible staffing and professional recruitment. Debby Rimbun and Rubby Rimbun will be co-investing and leading the business of RFI. As…