SYDNEY, AUSTRALIA: Humm Group Limited (ASX: HUM) has entered into a binding agreement to sell HUM Consumer Finance (HCF) comprising its buy now pay later (BNPL), instalment and credit card operations, to Latitude Group Holdings Limited (ASX: LFS). The consideration for HUM Consumer Finance (HCF) comprises 150 million Latitude shares and $35 million cash translating…
PARIS, FRANCE: Quadient S.A has entered into a sale agreement with Dutch private equity firm Standard Investment for the sale of its Automated Packaging Solutions (APS) business and production facility based in Drachten, the Netherlands, a news release said. Geoffrey Godet, Chief Executive Officer of Quadient, commented: “As we continue building leading market positions in…
HELSINKI, FINLAND: Skanska has signed a binding Stock Purchase Agreement (SPA) for its 100 percent ownership of PCI Skanska Inc. (PCIS), a multi-discipline design subsidiary company, for gross sale proceeds of USD 20 million, about SEK 170M. The buyer is engineering and facility planning firm Salas O’Brien. The transaction will not have any material impact…
LONDON: Safestay Plc has entered into conditional sale and purchase agreements to sell the Edinburgh Hostel to a&o Hotels and Hostels for a cash consideration of £16 million payable at completion, representing a 22% premium to the £13.4 million book value. The 2019 annual EBITDA of the hostel pre-COVID 19 was £1.7 million. The Group…
SYDNEY: Westpac is assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders. Westpac is in the very early stage of this assessment and no decisions have been made. This will also consider the impact of the Reserve Bank of New Zealand’s (RBNZ) reviews…
LONDON: Following a strategic review of the Group’s engineering capabilities in relation to its wider strategy, the Board of TP Group has agreed to sell its Manchester-based subsidiary TPG Engineering Ltd. to Rcapital. The Board believes that the sale will maximise shareholder value by allowing TP Group to focus on its strategy to deliver high-technology…
SYDNEY: Westpac Group has announced it will be selling its 10.7% stake in Zip Co Limited by way of a fully underwritten book build to institutional investors domiciled in Australia and other relevant jurisdictions. The offer price for the shares is $6.65 per share, which equates to a discount of 6.07% to Zip’s last closing…
SINGAPORE: Spackman Entertainment Group Limited has entered into a non-binding memorandum of understanding (MOU) with Spackman Equities Group (SQG), pursuant to which the Company intends to sell the its entire interest in Spackman Media Group Limited to SQG. Spackman Equities Group (SQG) is an investment company that selectively invests into growth companies that possess proprietary…