LONDON: R&Q Insurance Holdings Ltd (AIM: RQIH) announced an agreement to sell Inceptum Insurance Company Limited, a legacy general insurance company located in the UK and regulated by the PRA and FCA, to Marco Capital Holdings Limited, a Malta based legacy acquisition group. R&Q will receive £11.25m for the sale of the shares in Inceptum,…
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with EIG Partners for the acquisition of all the shares of West Burton Energy for an enterprise value of £450 million. EIG is a leading institutional investor in the global energy and infrastructure sectors with $24.7 billion under management as of March 31, 2024. West Burton Energy owns…
LONDON, UK: Norcros plc, a market-leading designer and supplier of high quality bathroom and kitchen products in the UK, Europe and South African markets, announced that following a strategic review, it has entered into an agreement to sell Johnson Tiles UK to its existing management team. Johnson Tiles UK, based in Stoke-on-Trent UK, designs, manufactures…
PARIS, FRANCE: Societe Generale Group has signed two contracts with Saham Group with a view to sell Société Générale Marocaine de Banques including its subsidiaries and La Marocaine Vie. The two Groups also outlined the framework for a long-term business partnership. Societe Generale’s Board of Directors, which met on 11 April 2024 under the chairmanship…
LONDON, UK: Johnson Matthey Plc (JM) has signed a definitive agreement to sell 100% of its Medical Device Components business (MDC) to Montagu Private Equity for cash consideration of US$700 million (£550 million) on a cash free debt free basis. The Medical Device Components business produces components for medical device manufacturers globally with a focus…
IBM on Monday said that it would buy Software AG’s enterprise technology platforms for 2.13 billion euros ($2.33 billion) to bolster its artificial intelligence and hybrid cloud offerings. IBM will acquire Software AG’s StreamSets and webMethods platforms with available cash on hand, it said. The platforms provide application integration, application programming interface (API) management, and…
LONDON, UK: Infrastructure India plc (IIP) has signed an agreement for the conditional sale of Indian Energy (Mauritius) Limited’s (IEL) assets. IEL, which is a wholly owned subsidiary of IIP, is an independent power producer that owns and operates wind farms at two sites in the states of Karnataka and Tamil Nadu, with 41.3MW of…
DUBLIN: Aon plc (NYSE: AON) has signed a definitive agreement to sell its pensions consulting, pension insurance broking, pensions administration and investment consulting business in Germany to Lane Clark & Peacock LLP (LCP), a news release said. The retirement and investment business LCP will acquire includes 350 colleagues across five offices in Germany and will…