SYDNEY: Iress (IRE.ASX) has announced that it has agreed to sell its Platform business, which it acquired from OneVue in November 2020, to Praemium Limited (PPS.ASX), a platform technology provider listed on the ASX. The deal (Transaction) will generate up to $21m for Iress, depending on the achievement of certain milestones over the next 18…
Tag: transaction
Creightons plc buys Brodie and Stone for £4.8 million
LONDON, UK: Creightons plc has acquired the entire share capital of Brodie and Stone Holdings Limited (BSH) and its subsidiary, Brodie and Stone International Limited (BSI). Brodie and Stone sells products under the T Zone, Natural World and Janina brands, primarily to retailers in the UK market. The consideration for the transaction is approximately £4.8…
Frasers Group acquires Dave Whelan Sports for £37 million
LONDON: Frasers Group announced the acquisition of certain of the assets of Dave Whelan Sports Limited (DW) from the administrators of DW for an initial cash consideration of £37 million. Pursuant to the Transaction, the Company has acquired certain of the assets relating to DW’s gym and fitness business, including certain stock but excluding the…
Dar Al Takaful to acquire Noor Takaful for AED 215 million
DUBAI: Dar Al Takaful PJSC (DAT) has entered into a legally binding share purchase agreement with Noor Investment Group LLC and Noor Bank PJSC to acquire the entire share capital of both Noor Takaful General PJSC and Noor Takaful Family PJSC for a total consideration of AED 215 million in cash. The Company can confirm…
Arc Minerals to sell stake in Casa Mining to Century Capital
LONDON: Arc Minerals has entered into a binding Sale and Purchase Agreement to sell Arc’s entire 99.43% interest in Casa Mining Limited to Century Capital Management Ltd, a Canadian private equity group for consideration payable of up to US$9.8 million. Completion of the transaction is conditional on, inter alia, final due diligence being completed and…