LONDONL: CLS Holdings has unconditionally exchanged contracts to sell Bismarckallee 18-20 in Freiburg for €22.5 million excluding costs, with completion expected in December 2020. Bismarckalee 18-20 was acquired by CLS in 2013 and consists of 7,500 sqm (80,729 sq. ft) of office and retail space over nine floors. The building is 85% let to Volksbank…
LONDON: PayPoint Plc has signed an agreement to sell its Romanian business, PayPoint Services SRL and PayZone SA (PayPoint Romania), to Innova Capital, a news release said. The cash consideration is expected to be circa £47 million based on current exchange rates on a debt free cash free basis, subject to a net working capital…
VANCOUVER: TAG Oil Ltd. has entered into a definitive purchase and sale agreement dated October 14, 2020, with Australian-based Luco Energy Pty. Ltd. to divest its Australian assets and operations as part of a strategic realignment of the Company’s oil and gas exploration and development activities. This is an arm’s length transaction that involves the…
LONDON: Britvic Plc, one of the leading branded soft drinks businesses in Europe, has confirmed that Britvic has now completed the sale of its juice assets in France to Refresco. The sale, following approval by the French Competition Authority in July, includes the three juice manufacturing sites, related private label juice business and the Fruité brand….
MONTREAL: Bombardier announced that it has signed a definitive Sale and Purchase Agreement (SPA), with Alstom SA and the Caisse de dépôt et placement du Québec (la Caisse) for the sale of its transportation business to Alstom. Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the…
LONDON: Oriole Resources PLC has signed a US$300,000 sale agreement with its joint venture partner Anadolu Export Maden Sanayi ve Ticaret Limited Şirketi (‘Anadolu’), in relation to the Karaağac mining royalty in Turkey. Oriole has received an initial tranche of US$50,000 in cash from Anadolu, with the balance contingent upon the commencement of mine construction…
LONDON: Telstra Corporation entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for $416.7 million, a news release said. The sale includes a triple-net lease-back arrangement which means Telstra will retain ownership of all IT and telecommunications equipment, as well as ongoing operations and responsibility for building upgrades…
LONDON: Aviva plc confirmed the completion of the sale of Friends Provident International Limited (FPIL) to RL360 Holding Company Limited, a subsidiary of International Financial Group Limited (IFGL). Aviva is a leading international savings, retirement and insurance business. Under the revised structure, Aviva has sold a 76% shareholding in FPIL to IFGL for £259 million,…
HAMBURG: The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises. Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group. The joint venture TUI Cruises, which has developed very successfully since 2008, will thus be expanded as planned. TUI had agreed the sale in February….
SYDNEY: Virgin Australia moves to re-launch with the announcement that Bain Capital has entered into an agreement with its administrators to become the new owner of the airline. Virgin Australia will now work closely with Bain Capital on its vision for the business moving forward. Virgin Australia Chief Executive Officer and Managing Director, Paul Scurrah,…
LONDON: BlueRock Diamonds PLC, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced the private sale of 2,400 carats at an average of USD290 per carat for a total of USD 700,000. BlueRock Executive Chairman, Mike Houston, said, “This sale at a time when the traditional sales channels…
PARIS: Total confirmed its commitment to completing the sale of its UK North Sea non-core assets, first announced1 in July 2019. Reflecting recent significant market volatility, Total and Norway-based private equity investor HitecVision have successfully renegotiated the financial terms of the deal to respond to the current environment, while Petrogas is no longer part of…