LONDON: Capita plc has agreed to sell its Education Software Solutions (ESS business) to Tiger UK Bidco Limited, a newly formed company established by funds advised by Montagu Private Equity, in a deal that values ESS at up to £400 million. Part of the consideration agreed is for Montagu to assume liabilities such as working…
All posts tagged Sell
Skanska sells two office buildings in Bucharest, Romania, for EUR 97 million
HELSINKI: Skanska has sold two office buildings in Bucharest to S IMMO AG, an Austrian-based real estate company. The transaction is valued at EUR 97M, about SEK 995M, and will be recorded by Skanska Commercial Development Europe for the fourth quarter of 2020. The transfer of the properties is scheduled for the second quarter of…
Ariana Resources signs conditional agreement to sell satellite projects
LONDON: Ariana Resources plc ha announced the conditional agreement for the sale of its remaining projects in Turkey to Zenit Madencilik San. ve Tic. A.S., ahead of the planned completion of its agreements with Özaltin Holding A.S. and with Proccea Construction Co., concerning the proposed expanded joint venture. The Zenit joint venture is currently owned…
BW LPG enters into agreements to sell two Very Large Gas Carriers
SINGAPORE: BW LPG Limited has entered into Memorandums of Agreement (MOA) to sell two Very Large Gas Carriers (VLGC) BW Confidence and BW Cedar. BW Confidence was built in 2006 and has a carrying capacity of 83,270 cbm. The sale is expected to generate approximately US$36 million in liquidity and an expected net book gain…
Mutares signs agreement to sell its 80% share in Nexive Group to Poste Italiane
MUNICH: Mutares SE & Co. KGaA has signed a Heads of Agreement for the sale of its 80% share of Nexive Group S.r.l., headquartered in Milan, to Poste Italiane S.p.A, a news release said. The Nexive business was acquired in July2020 from PostNL, who still holds the minority share of 20% in the entity that…
Hellenic Telecommunications agrees to sell Telekom Romania (Fixed) to Orange Romania for €497 million
ATHENS: Hellenic Telecommunications Organization S.A. (OTE) has entered into an agreement to sell its 54% stake in Telekom Romania Communications S.A. (Fixed) to Orange Romania. The agreed consideration is €497m for 100%, corresponding to €268m for OTE’s stake, on a debt-free, cash-free basis and is subject to customary adjustments at closing of the transaction, such…
Valeura Energy to sell shallow conventional assets for up to $18 million
CALGARY: Valeura Energy Inc. has executed a Share Purchase Agreement to sell its producing shallow conventional gas business to TBNG Limited for a cash consideration of US$15.5 million, plus royalty payments of up to an additional US$2.5 million. Proceeds from the deal will add to Valeura’s strong net cash position, which as of September 30,…
Fonterra agrees to sell China farms for a total of $555 million
PERTH: Fonterra Co-operative Group has agreed to sell its China farms for a total of $555 million, a news release said. Inner Mongolia Natural Dairy Co., Ltd, a subsidiary of China Youran Dairy Group Limited, has agreed to purchase Fonterra’s two farming-hubs in Ying and Yutian for $513 million. Separately, Fonterra has agreed to sell…
Keppel’s M1 Limited sells entire stake in Kliq for S$1.4 million
SINGAPORE: Keppel Corporation Limited announced that M1 Limited is divesting its entire 51% shareholding in Kliq Pte. Ltd. to Merchantrade Asia and Qala Tech for an aggregate cash consideration of S$1.4 million. Completion of the divestment is conditional upon, among others, receipt of approval from regulatory authorities. The aggregate consideration will be fully payable in…
New Energy Solar agrees to sell 50% interest in Mount Signal- 2 for $52 million
SYDNEY, AUSTRALIA: New Energy Solar has agreed to sell a 50% interest in Mount Signal 2 (MS2) for US$52 million subject to final confirmatory due diligence, completion of binding documentation, and a performance-linked payment structure. New Energy Solar has agreed to sell a 50% interest in NEW’s MS2 solar power plant in California to NextPowerIII…
Vireo Health sells equity in Pennsylvania Medical Solutions to Jushi Holdings for $37 million
MINNEAPOLIS: Vireo Health International Inc. has reached a definitive agreement with Jushi Inc, a subsidiary of Jushi Holdings, Inc., to divest equity in its subsidiary company, Pennsylvania Medical Solutions, LLC for total consideration of $37 million. The transaction is subject to regulatory approvals. Pennsylvania Medical Solutions holds a permit for the cultivation and processing of…
Marcus & Millichap sells The Residences at Veranda Park for $45 million
ORLANDO: Marcus & Millichap, a leading commercial real estate brokerage firm, announced the sale of The Residences at Veranda Park, a mid-rise mixed-use property composed of 150 luxury apartments and 48,385 square feet of commercial space in the MetroWest neighborhood of Orlando, Florida. The property sold for $45 million. The buyer is Westside Capital Group.…