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…
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L&G to sell US protection business to Meiji Yasuda Insurance
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 sells European Surface Transportation business to sennder Technologies GmbH
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…
SkyCity sells 10% shares in Gaming Innovation Group for NZ$55 million
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…
Technology Minerals Plc to sell LRH Resources Limited to European Lithium
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…
ALGREEN in talks with LUMILIITE to sell its 51% stake in subsidiary SA NAKA
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…
Inchcape to sell UK Retail operations to Group 1 Automotive UK for £346 million
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…
888 Holdings to exit US B2C operations, sell Hard Rock Digital
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…
James Fisher and Sons to sell RMSpumptools to ChampionX UK for £90 million
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…
HSS Hire Group to sell ABird Limited and APEX Generators Limited for £23.25 million
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.…
Argo Blockchain sells Quebec data center for $6.1 million, cuts debt and costs
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining, announced on Monday that it has agreed to sell its Quebec data center in Mirabel, Quebec, for $6.1 million. The deal is expected to close by the end of March 2024, subject to regulatory approvals and other conditions. The sale will help Argo reduce…
Shell sells Nigerian onshore oil and gas business for $2.4 billion
After nearly 100 years of running Nigerian onshore oil and gas, Shell has decided to sell its subsidiary there for up to $2.4 billion to a group of five companies, mostly based in Nigeria. The buyer is the Renaissance consortium, which includes ND Western, Aradel Energy, First E&P, Waltersmith, all local oil exploration and production…