SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. The agreement, announced Monday, underscores AMD’s push to onshore more of its supply chain amid rising…
PARIS: Peugeot Invest has announced the sale of 35 private equity funds on the secondary market to Committed Advisors, marking a significant step in the strategic rebalancing of its investment portfolio. The transaction, valued at approximately €227 million (€94 million in euro-denominated funds and $149 million in USD-denominated funds), involves assets managed by 22 General…
MELBOURNE: Australian technology firm Iress Limited (ASX:IRE) announced Tuesday it has agreed to sell its European market data subsidiary, QuantHouse, to Vienna-based BAHA Tech Holding AG for €17.5 million (A$31.4 million) in cash. The deal, part of Iress’ strategic transformation program, transfers ownership of QuantHouse, a low-latency market data provider, to BAHA, a privately held…
BRUSSELS: Bekaert has reached an agreement to sell its Steel Wire Solutions businesses in Costa Rica, Ecuador, and Venezuela to Grupo AG, the company announced today. The transaction values the entities at approximately $73 million and is expected to yield net proceeds of about $37 million for Bekaert. The deal is slated to close in…
LONDON: Staffline Group (AIM: STAF.L), the recruitment and training group, has disposed of its wholly owned subsidiary, PeoplePlus Group Limited to Talent International (UK) Limited, a wholly owned subsidiary of Swipejobs Holdings, for cash consideration of £12.0m, which includes £2.0m of deferred consideration. The consideration is on a cash free, debt free basis and subject…
SYDNEY: RPMGlobal Holdings Limited (ASX: RUL) has announced that it will sell its global Advisory division to SLR Consulting Australia Pty Ltd for AUD$63.0 million. The transaction, which will be paid in cash upon completion, is aimed at enabling RPM to focus solely on its Software business. The strategic decision to divest the Advisory business…
LONDON: ECO Animal Health Group plc (AIM: EAH), a global animal health company with a growing portfolio of veterinary products, announced the sale of non-core product lines to its South African distribution partner for £491,000. ECO, which focuses on disease treatment and prevention in pigs and poultry, sold ECOmectin licenses for use in sheep and…
PERTH: Moho Resources Limited (ASX: MOH) has announced the sale of its Empress Springs Project in Western Queensland to Qld Aus Graphite Pty Ltd (QAG) for a total consideration of approximately $1.258 million. The transaction includes an initial cash payment of $258,000 upon completion, with an additional $1 million deferred payment due 12 months later….
LONDON Anglo American has now entered into definitive agreements to sell the entirety of its steelmaking coal business, to generate up to US$4.9 billion in aggregate gross cash proceeds, including the already announced sale of Anglo American’s interest in Jellinbah for approximately US$1.1 billion. Announced today, Anglo American has agreed to sell its portfolio of…
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) has entered into a definitive agreement to sell Grubhub Inc. to Wonder Group, Inc. for an enterprise value of USD650 million. Transaction highlights · Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million; · Grubhub will be transferred with its USD500 million…
SYDNEY: Lake Resources N.L. (ASX:LKE; OTC:LLKKF) has announced the sale of three non-core lithium brine assets in Argentina to Austroid Corporation for $9 million USD (approximately $13.6 million AUD). The assets, located in Jujuy Province, include Paso de Jama, Olaroz, and Cauchari. The transaction will provide Lake Resources with additional liquidity to support its flagship…
LONDON: J Sainsbury PLC announced the sale of the Argos Financial Services (AFS) cards portfolio to NewDay Group. The AFS cards support around 20 percent of Argos sales and are held by around two million Argos customers who use Argos credit to manage the cost of their purchases. The purchase price for the portfolio acquisition…