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…
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….
LONDON: Royal London announced the sale of its platform business, Ascentric, to M&G plc. The sale follows the completion of Ascentric’s re-platforming in 2019 and the conclusion of a comprehensive strategic review led by Royal London Chief Executive, Barry O’Dwyer. Ascentric is a leading digital wrap and wealth management platform for advisers with assets under…
LONDON: IP Group plc, the developer of intellectual property-based businesses, has sold 12.25 million ordinary shares in Ceres Power Holdings plc at a price of 425 pence per share. Following completion of the sale, which was conducted through an accelerated bookbuild by Berenberg as sole bookrunner, IP Group will continue to hold approximately 9.4 million…
LONDON: On 1 April 2020 GlaxoSmithKline plc (GSK) announced the completion of its divestment of Horlicks and other Consumer Healthcare nutrition products in India to Unilever, including the merger of its Indian listed entity, GlaxoSmithKline Consumer Healthcare Limited (GSK India), and Hindustan Unilever Limited (HUL). Through the merger of GSK India with HUL, GSK acquired…
MOSCOW: Rosneft Oil Company announced the termination of its operations in Venezuela and the disposal of its assets, related to operating in Venezuela. Today Rosneft concluded an agreement with the company 100% owned by the Government of Russian Federation, to sell all of its interest and cease participation in its Venezuelan businesses, including joint ventures…
SYDNEY: Lendlease Corporation has entered into an agreement with Acciona Infrastructure Asia Pacific to sell its Engineering business for a purchase price of $180 million. The transaction, which is expected to complete in the first half of calendar year 2020, is subject to conditions including client and third party consents and regulatory approvals including the…
SYDNEY, AUSTRALIA: Salmat Limited has entered into an agreement to sell its Marketing Solutions business to a wholly-owned subsidiary of IVE Group Limited for $25 million cash. Under the terms of the agreement, completion is scheduled to occur on 1 January 2020, subject to the satisfaction of conditions precedent. As part of the transaction, IVE…