LONDON: intu properties plc has completed the sale of its interest in the intu Puerto Venecia shopping centre to Generali Shopping Centre Fund S.C.S. SICAV-SIF and Union Investment Real Estate GMBH. Matthew Roberts, chief executive of intu, commented: “We are pleased to have successfully concluded this transaction which is another important step in our ultimate…
DALLAS: Dean Foods Company has completed the previously announced sales of its assets, rights, interests and properties relating to 44 of the company’s fluid and frozen facilities to subsidiaries of Dairy Farmers of America (DFA). Dean Foods also announced that it has completed the sale of the assets, rights, interests and properties relating to eight…
BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery that will operate…
DUBAI: SHUAA Capital, the Asset Management and Investment Banking platform created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG), has completed the sale of its Securities and Market-Making businesses, as the company continues to implement its non-core exit strategy focusing on further growing and expanding the Group’s asset management and investment…
LONDON: SSE plc has completed the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of £500 million. The net proceeds of the transaction will be used to reduce SSE’s net debt. In the period since SSE and OVO agreed the…
LONDON: The Aire Valley Land LLP has completed the sale of 43 acres of commercial development land at its Gateway 45 Leeds site to PLP for £30.3 million. Aire Valley is the joint venture between Harworth Group plc and Evans Property Group. The site has been acquired by PLP’s flagship investment vehicle, the PLP UK…
MELBOURNE: Veris Limited has sold Elton Consulting Pty Ltd to WSP Australia Pty Limited for $13million. The sale of Elton will result in a significant reduction in net debt and a cash injection that will significantly strengthen Veris’ balance sheet allowing the company to focus on growth opportunities within its core business Veris Australia, and…
LONDON, UK: Chemring Group announced that a conditional agreement has been entered into for the sale of its US subsidiary Chemring Ordnance, Inc. to Nammo Defense Systems Inc. for a cash consideration of $17 million. The consideration will be paid in cash on completion, subject to a working capital adjustment. This sale completes the Group’s…
NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following the receipt of the necessary regulatory approval. The sale consideration of €97.5 million was received…