LONDON, UK: Leeds Group plc has conditionally agreed to sell the entire issued share capital of its subsidiary, Hemmers-Itex Textil Import Export GmbH (Hemmers), to a subsidiary of Nooteboom Bidco B.V. for a cash consideration of approximately £657,000. The consideration is based on the net assets of Hemmers as at 30 November 2023, excluding properties,…
All posts tagged Sell
Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for €155mn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum in The Netherlands. The Net Disposal Price of €155 Mn is in line with the last appraisal value. Almere Centrum is an 87,000 sqm high-street retail asset located in the city centre…
AEW UK REIT to sell Eastpoint Business Park in Oxford for £37mn
LONDON, UK: AEW UK REIT plc (LSE: AEWU) has agreed terms to sell its office asset located in Eastpoint Business Park, Oxford for approximately £37 million. The agreed sale price represents a significant premium to the carrying value of the asset at 31 March 2022 and the Company received a number of offers at similar…
National Grid to sell 60% in UK gas transmission and metering business for £2.2bn
LONDON, UK: National Grid plc has agreed to sell a 60% equity interest in its UK gas transmission and metering business (NGG) to a consortium of long-term infrastructure investors. The consortium is comprised of Macquarie Asset Management, a global asset manager and the world’s largest infrastructure manager, and British Columbia Investment Management Corporation (BCI), one…
Oman Insurance to sell Turkish operations to VHV Reasürans
DUBAI, UAE: Oman Insurance Company has entered into an agreement with VHV Reasürans, Istanbul/Turkey, a company of VHV Group, Hannover/Germany, to fully sell its insurance operations in Turkey. Part of this transaction is also a commercial agreement where Oman Insurance and VHV Reasürans will seek to partner together on insuring specific risks in Turkey as…
Carbon Transition sells seismic node on a rope business for $12 million
OSLO, NORWAY: Carbon Transition ASA has signed an agreement to sell company’s seismic node on a rope business to Magseis Fairfield ASA. “In light of Carbon Transition’s new strategic direction, we believe our node on a rope operation will be more optimally utilized as a part of the Magseis Fairfield system and thereby maximize the…
Grano to sell its SokoPro business for EUR 45.5mn
HELSINKI, FINLAND: Panostaja’s Grano segment has signed an agreement on the sale of its SokoPro business to the international company iBinder. The sale will be carried out as a share deal and will be preceded by the partial demerger of Grano Oy, a company fully owned by Grano Group Oy, by which the SokoPro business…
B.P Marsh sells 40.5% stake in Walsingham Motor Insurance for £4.6mn
LONDON, UK: B.P. Marsh, the specialist investor in early-stage financial services businesses, has sold its stake in investee company Walsingham Motor Insurance Limited (WMIL), a London-based Managing General Agency, which specialises in UK Courier and Taxi fleet motor insurance. B.P. Marsh sold its 40.5% shareholding in WMIL for £4.6 million in cash. As part of…
Praemium to sell international business to Morningstar for £35mn
MELBOURNE, AUSTRALIA: Praemium Limited (ASX: PPS), a global leader in the provision of technology platforms, has entered into an agreement to sell 100% of its operations in United Kingdom, Jersey, Hong Kong and Dubai (International Business) to Morningstar Inc. The consideration for the transaction will comprise cash of £35 million ($AUD 65.1 million), subject to…
Unibail-Rodamco-Westfield to sell Solna Centrum SEK 2.8bn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement for the sale of Solna Centrum, in Stockholm, for an agreed total acquisition cost of SEK 2.8 billion (c. €272 Mn), which represents a premium to the last appraised value. The purchaser is Alecta Fastigheter, a wholly owned subsidiary of the major Swedish pension fund Alecta, and the transaction…
SEGRO sells portfolio of warehouses in Italy for €127.5 million
LONDON, UK: SEGRO plc has agreed the sale of a portfolio of six Italian urban warehouses for €127.5 million to AXA IM Alts, on behalf of clients. The warehouses were developed by SEGRO-Vailog for a global online retail company to support the growth of its distribution network in Italy. The portfolio has a total floor…
Toys“R”Us sells Chill Factor business to Character Promotions for $1.31 million
SYDNEY, AUSTRALIA: Toys“R”Us ANZ Limited (ASX: TOY) announced the sale of its Chill Factor business to Character Promotions Limited, a UK based toy manufacturer and distributor. The sale continues the strategic intent and transformation of the Company through an ongoing overhaul of product portfolios, including an increased focus on its e-commerce businesses Toys“R”Us, Babies“R”Us and…