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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…