LONDON, UK: ProPhotonix Limited, a designer and manufacturer of LED illumination systems and laser diode modules with operations in Ireland and the United Kingdom, has reached an agreement, wherein Exaktera will ProPhotonix for an aggregate consideration of approximately $11.6 million. Exaktera was founded by Union Park Capital to act as a holding company for a…
Tag: merger
Inmarsat agrees on business merger with Viasat
LONDON, UK: The Apax IX Fund, in which AGA is a limited partner, has agreed to an offer from Viasat for the entire ordinary share capital of Inmarsat, a leading provider of global mobile satellite communications services. The Apax IX Fund alongside consortium members Warburg Pincus LLC, Canada Pension Plan Investment Board, and Ontario Teachers’…
Aventus proposes merger with HomeCo Daily Needs REIT and Home Consortium
Sydney, Australia: Aventus Group has entered into a Scheme Implementation Deed (SID) with HomeCo Daily Needs REIT and Home Consortium. Pursuant to the SID, Aventus securities, the current stapled structure comprising a unit in the Aventus Retail Property Fund (ARPF) and a share in Aventus Holdings Limited (AHL), will be unstapled and ARPF will merge…
Peabody and Catalyst confirm merger to take place next spring
LONDON, UK: Peabody Capital and Catalyst have confirmed their intention to join together following a 6-week consultation period. Both Boards carefully considered feedback from residents and have now agreed that Catalyst will join the Peabody Group as a subsidiary on 1 April 2022 subject to required lender consents and Catalyst shareholder approval. The new organisation…
Ooredoo & CK Hutchison agree $6bn merger of Indonesian businesses
DOHA, QATAR: Ooredoo Group and CK Hutchison Holdings have signed definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, PT Indosat Tbk (Indosat Ooredoo) and PT Hutchison 3 Indonesia (H3I). Ooredoo is an international communications company operating across the Middle East, North Africa and Southeast Asia. The merged company will be named PT Indosat Ooredoo Hutchison…
Norways’ Financial Supervisory Authority permits SpareBank 1 BV and Sparebanken Telemark merger
OSLO: The Financial Supervisory Authority of Norway (NoFSA) has now granted the necessary permits to carry out the merger between SpareBank 1 BV and Sparebanken Telemark in accordance with a decision made by the banks’ Supervisory Board on 25 March 2021. Finanstilsynet has set Pillar 2 requirements for the merged bank on core tier 1…
Senaat intends to merge Emirates Steel with Arkan Building Materials
ABU DHABI: General Holding Corporation (Senaat) has expressed intention to combine its wholly-owned subsidiary Emirates Steel Industries with Arkan Building Materials Company (ADX: ARKAN). “The Board of Directors of Arkan Building Materials Company (ADX: ARKAN), a leading construction and building materials company in the UAE, has received an offer from General Holding Corporation (Senaat) to…
KORE Wireless Group announces merger with Cerberus Telecom and NYSE listing
NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”. The transaction is expected to provide approximately $484 million of…
Golar LNG Partners LP unitholders approve merger
OSLO: Unit holders of Golar LNG Partners LP (GMLP) voted on and approved the Agreement and Plan of Merger among GMLP, Golar GP LLC, New Fortress Energy Inc. (NFE), Lobos Acquisition LLC and NFE International Holdings Limited. Pursuant to the Merger Agreement NFE has agreed to acquire all of the outstanding common units and general…
Merger between Vestjysk Bank A/S and Den Jyske Sparekasse A/S approved
COPENHAGEN: Today, the Danish Financial Supervisory Authority approved the merger between Vestjysk Bank A/S and Den Jyske Sparekasse A/S. Moreover, the merger was adopted at the general meetings of both banks, and the Danish Competition and Consumer Authority has also approved the merger. Hence, all conditions of the merger are met. The merger will now…
Merger of Bharti Infratel and Indus Towers completed
LONDON: Vodafone Group Plc announced that the merger of Indus Towers Limited and Bharti Infratel Limited has now completed. The Combined Company is listed on the National Stock Exchange of India and the Bombay Stock Exchange and it will in due course be renamed Indus Towers Limited. Vodafone has been issued with 757.8 million shares…
Aker Solutions completes merger with Kvaerner
OSLO, NORWAY: Aker Solutions has completed the merger with Kvaerner to become one of the world’s leading suppliers of solutions to reduce climate gas emissions from oil and gas installations, and for delivery of complete renewable energy production facilities. Over the past 50 years, Aker Solutions and Kvaerner delivered many of the major breakthroughs in…