SYDNEY: MPower Group Limited (ASX: MPR), a leading Australian renewable energy and battery storage developer, announced today it has agreed to sell substantially all its business assets to climate-focused investment firm Wollemi Energy Group for approximately $19 million. The deal, outlined in a binding Business Sale Agreement, includes MPower’s renewable energy platform, the Lakeland…
LONDON: Oxford Instruments plc, a leading provider of high technology products and services to industry and scientific research communities, today announced that it has entered into a binding agreement to sell its quantum-focused business Oxford Instruments NanoScience to Quantum Design, International Inc. for a £60 million total cash consideration, including up to £3m of…
LONDON: Johnson Matthey Plc has agreed to sell its Catalyst Technologies business to Honeywell International Inc. for £1.8 billion ($2.3 billion) in an all-cash deal, the British specialty chemicals company announced Tuesday. The transaction, expected to close in the first half of 2026, will net Johnson Matthey approximately £1.6 billion after adjustments. The company…
LONDON: Synthomer plc has agreed to sell its inorganic chemistry business, William Blythe Ltd., to its management team and H2 Equity Partners for £30 million, the company announced Tuesday. Founded in 1845, William Blythe specializes in inorganic derivatives used in life sciences, performance coatings, electronics and renewable energy. The Accrington, Lancashire-based business employs about…
LONDON: Tullow Oil plc announced Monday that its subsidiary, Tullow Overseas Holdings BV, has agreed to sell its Kenyan operations to Gulf Energy Ltd. for a minimum of $120 million. The deal includes an initial $40 million payment upon completion, followed by two additional $40 million payments tied to project milestones. Tullow will also receive potential…
SYDNEY: ReNu Energy Limited (ASX: RNE) announced Thursday it has agreed, subject to shareholder approval, to sell its Countrywide Hydrogen Business, including its Tasmanian green hydrogen project, to Countrywide Hydrogen Holdings Pty Ltd, an entity controlled by ReNu Energy’s management team. On October 14, 2024, ReNu Energy received a non-binding indicative offer from its…
PARIS: LACROIX has announced the sale of its City-Mobility segment to the SWARCO group, following exclusive negotiations that began on December 12. The transaction is expected to be completed in the first quarter of 2025. The sale includes the Traffic and V2X business units, which generated €27.3 million in revenue in 2023, representing 3.6%…
SYDNEY: Iress Limited announced it has entered into an agreement to divest its Superannuation business to Apex Group Ltd. as part of a strategic transformation. Iress, a software provider, will release $40 million AUD in cash upon completion, with additional payments of up to $20 million AUD over the next 12 months based on…
SYDNEY: National Australia Bank Limited (NAB) has entered into an agreement to sell its remaining 20 per cent stake in MLC Life Insurance to Nippon Life Insurance Company for $500 million. The proposed sale is part of a broader strategic transaction announced today by Nippon Life, where it will acquire Resolution Life Group. As…
LONDON: Benchmark Holdings plc, a leader in aquaculture genetics, specialist nutrition, and health, has announced the sale of its genetics business to Starfish Bidco AS, a subsidiary of Novo Holdings. The deal is valued at up to £260 million, including an initial payment of £230 million and a potential additional £30 million based on…
Kerry Group plc has announced an agreement to sell Kerry Dairy Holdings (Ireland) Limited to Kerry Co-Operative Creameries Limited for €500 million. Kerry Dairy Ireland, fully owned by Kerry, includes popular dairy brands in cheese, snacks, and spreads sold in the UK and Ireland, as well as a dairy ingredients business. Under the deal,…
LONDON: Zinc Media Group has entered into an agreement to sell its remaining legacy tele-sales contract publishing business, currently trading as Zinc Communicate Publishing for a cash consideration of £100,000. Zinc Communicate Publishing is a non-core business unit based in Macclesfield and the sale enables the Group to focus on growing its core operations…