DUBLIN: Greencoat Renewables PLC has agreed to sell a portfolio of six Irish onshore wind assets with a combined net capacity of 115.7 megawatts, the company announced Tuesday. The transaction, which includes an upfront payment of €139 million and an additional €17 million in deferred consideration over 2026 and 2027, is expected to close in…
LONDON: DCC plc announced Monday it has agreed to sell its healthcare division to HealthCo Investment Limited, a subsidiary of funds managed by Investindustrial Advisors Limited. The deal values DCC Healthcare at £1.05 billion on a cash-free, debt-free basis. The transaction, which is subject to regulatory approvals, is expected to be completed in the third…
CHARLOTTE: Driven Brands Holdings Inc. (NASDAQ: DRVN), the largest automotive services company in North America, announced Tuesday that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC, operating as Whistle Express Car Wash, for $385 million. “This transaction will enable Driven Brands to reduce debt…
LONDON: Legal & General Group Plc (L&G) has agreed to sell its U.S. protection business to longstanding partner Meiji Yasuda Life Insurance Company, forming a strategic partnership to enhance its U.S. Pension Risk Transfer (PRT) business. The transaction, valued at $2.3 billion, is expected to close towards the end of 2025, pending regulatory approvals. The deal includes…
C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) has announced to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This move is part of the Company’s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes…
AUCKLAND: SkyCity Entertainment Group Limited has entered into an unconditional agreement to sell its entire shareholding of around 10% in Gaming Innovation Group Inc (GiG), a European-based online gaming platform provider and media services operator. The net proceeds of the sale are approximately NZ$55 million after brokerage and legal costs. SkyCity intends to use the…
LONDON: Technology Minerals Plc (LSE: TM1), a pioneer in the sustainable circular economy for battery metals, has declared the signing of a definitive agreement to divest its stake in exploration licenses located in Leinster, Republic of Ireland. The transaction involves the sale of LRH Resources Limited, a fully-owned subsidiary, to European Lithium Limited for a…
PARIS: The ALGREEN group (Paris: ALGRE), specialized in multi-activity agribusiness, with a strategy to integrate companies, industries, farms, and brands within the same group while favoring traditional and innovative SMEs, has entered into negotiations with LUMILIITE for the sale of its 51% stake in its subsidiary SA NAKA. SA NAKA markets a range of sparkling…
LONDON, UK: Inchcape Plc has agreed to sell its UK Retail operations to Group 1 Automotive UK Limited, a wholly-owned subsidiary of Group 1 Automotive Inc. (NYSE: GPI) for a cash consideration of approximately £346 million. In FY2023, Inchcape’s UK Retail operations generated revenue of £2,065m, 18% of Group revenue, and adjusted operating profit of…
LONDON, UK: 888 Holdings (LSE: 888), one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announced the conclusion of its strategic review of US B2C operations. As a result of the review the Group has agreed the sale of selected assets to Hard…
LONDON, UK: James Fisher and Sons plc (FSJ.L) has entered into an agreement for the sale of the entire issued share capital of RMSpumptools Limited (RMS) to ChampionX UK Limited, a wholly-owned subsidiary of ChampionX Corporation for a total enterprise value of £90 million. It is in line with James Fisher’s strategy to simplify and…
LONDON, UK: HSS Hire Group has entered into an unconditional agreement to sell ABird Limited and APEX Generators Limited, the Group’s power solution providers, to CES Global for an enterprise value of £23.25 million. The cash proceeds from the disposal will further strengthen the Group’s balance sheet, a company announcement on London Stock Exchange noted….