SYDNEY: Real Energy Corporation Limited, an Australian east coast focused gas company and Strata-X Energy Limited announced that the two companies have entered into a binding Scheme Implementation Agreement to pursue a nil premium merger whereby Real Energy shareholders will receive one new Strata-X Energy share for three Real Energy shares that they own. Pure…
Tag: merger
Easybank and BRAbank merge creating a leading digital niche bank with a Nordic footprint
OSLO: Easybank ASA and BRAbank ASA adopted a joint merger plan with the intent to create a leading consumer and SME digital niche bank with a Nordic footprint. The combination is intended to create significant value and benefits for both set of shareholders, from consolidating to one cost base and from generating revenue synergies from…
Just Eat Takeaway.com to combine with Grubhub to create a leading global online food delivery player
AMSTERDAM: Just Eat Takeaway.com, and Grubhub Inc. have entered into a definitive agreement whereby the Company is to acquire 100% of the shares of Grubhub in an all-stock transaction to create the world’s largest online food delivery company outside of China, measured by Gross Merchandise Value (GMV) and revenues. Under the terms of the Transaction,…
City of London Investment Group agrees to all share merger with Karpus Management Inc.
LONDON: City of London Investment Group (CLIG) has entered into a merger agreement to acquire the entire issued share capital of Karpus Management Inc. (KMI), a US-based investment management business, on a debt free basis, to be satisfied through the issue of up to 24,118,400 new shares in the capital of the Company which, based…
Normandy Limited to merge into Caribbean Investment Holdings
TORTOLA: Caribbean Investment Holdings (CIHL) announced that agreement has been reached on the terms of the proposed acquisition of the entire issued share capital of Normandy Limited by the Company. The acquisition will be implemented pursuant to the terms of the merger, which is anticipated to become effective on or around 9 June 2020. Following…
Police Mutual Assurance becomes part of Royal London Mutual Insurance
LONDON: The Royal London Mutual Insurance Society Limited and Police Mutual Assurance Society Limited entered into an agreement for the business, assets and liabilities of Police Mutual to transfer into Royal London. Commenting on the merger, Royal London Chief Executive, Barry O’Dwyer, said: “Royal London and Police Mutual have complementary values and culture. Both are…
European Commission clears merger of Vodafone Italy towers and INWIT
LONDON: The European Commission has cleared the combination of Vodafone Italy’s towers with INWIT’s passive network infrastructure, creating Europe’s second largest listed tower company with over 22,000 towers. Following constructive talks with the European Commission, Vodafone and TIM have offered commitments to support access to INWIT’s passive infrastructure by all market participants. Under the commitments,…
S4Capital merges with data-driven content agency Circus Marketing
LONDON, UK: S4Capital plc, a digital advertising and marketing services company, announced that its global content practice, built around MediaMonks, has agreed to merge with the fully integrated digital agency Circus Marketing. In Latin America, the move follows last year’s merger of MightyHive, S4Capital’s programmatic practice, with Brazil-based consulting firm ProgMedia to further enhance its…
Fatfish accepts A$12.7mn offer for its Swedish subsidiary from Abelco
MELBOURNE: Fatfish Blockchain Limited (FFG) has received and accepted a A$12.7 million offer for the merger of its Swedish venture builder subsidiary Fatfish Global Ventures AB (FGV). The offer came from Swedish-listed Abelco Investment Group AB, a well traded venture investment firm by way of a merger proposal. Under the offer, FFG will dispose of…
COG and CML groups agree on merger to establish financial services group
SYDNEY: Consolidated Operations Group Limited (COG) and CML Group Limited have entered into a Scheme Implementation Agreement (SIA) to a proposed merger to establish a leading financial services group focusing on servicing SME businesses in Australia. The merger will be implemented via a court-approved scheme of arrangement with CML shareholders pursuant to which COG will…
Sistema completes merger of OBL Pharm and Binnopharm
MOSCOW: Sistema PJSFC, a publicly traded diversified Russian holding company, announces the completion of the merger of pharmaceutical assets JSC Pharmaceutical Enterprise Obolenskoe (OBL Pharm) and JSC Binnopharm. The merged company will operate under the brand Alium. As a result of Sistema’s participation in an additional issue of OBL Pharm shares, Sistema’s effective stake in…
redT Energy proposes merger with Avalon Battery
LONDON: redT energy plc, the energy storage company, is pleased to announce that it has agreed to outline terms for a proposed merger with Avalon Battery Corporation. The parties have signed a non-binding Memorandum of Understanding (MOU) and have plans for the injection of significant new funding as outlined further below. The merger, if approved…