AUCKLAND, New ZEALAND: Mercury NZ Limited has entered into binding agreements to acquire Trustpower Limited’s retail business for NZ$441 million, payable in cash, a news release said. The transaction is conditional on several matters, including Commerce Commission clearance, completion of…
CAIRO, EGYPT: Bedaya Mortgage Finance Co., Egypt’s first non-bank online mortgage provider, has launched Egypt’s first non-bank mortgage finance mobile application and online platform, which will allow users to apply for one of Bedaya’s numerous mortgage finance offerings seamlessly and…
MANAMA, BAHRAIN: Bahrain Bourse (BHB) has announced collaboration with Oxford Business Group (OBG) to produce a series of individual reports and other research tools to track the environmental, social and governance (ESG) journeys of companies listed on Bahrain Bourse, a…
DUBAI, UAE: GFH Capital Limited (GCL), a fully owned subsidiary of GFH Financial Group, has signed agreements to exit from its US Industrial Portfolio I and II (US Industrial Portfolio), which was acquired by GCL in 2016, a news release said. The…
LONDON, UK: PJSC Polyus notes that Fitch Ratings has upgraded the Company’s Long-term Issuer Default Rating to ‘BB+’ from ‘BB’, with stable outlook. The new rating reflects the Company’s strong business profile and credit metrics, achieved as a result of…
OSLO, NORWAY: Heimstaden Bostad AB has successfully issued a EUR 600 million subordinated perpetual hybrid bond with an annual fixed rate coupon of 3% and a non-call period of 6.6 years. The issue attracted strong interest and the book peaked…
STOCKHOLM, SWEDEN: Sogeti in Sweden, part of the Capgemini Group, has won an exclusive new Framework Agreement with the Swedish Transport Administration covering IT services for application development and management, a news release said. The agreement initially runs over four…
ADELAIDE, AUSTRALIA: SILK Laser Australia Limited has entered into a binding agreement to acquire 100% of Beauty Services Holdings Pty Ltd, LMD2 Pty Ltd and their broader group of entities for upfront cash consideration of $47.0 million and up to…
DHAKA, BANGLADESH: Zwipe has appointed Sonali Intellect Limited as its sales and strategic business development partner to accelerate the adoption of biometric payment cards in Bangladesh. With 166 million inhabitants and a fast growing base of 22 million payment cards…
LONDON, UK: Trident Royalties Plc announced the appointment of Paul Smith as Non-Executive Chair with effect from 21 June. James Kelly will step down as Chair from that date but will remain on the Board as a Non-Executive Director. Additionally,…
LONDON, UK: Unite Students announced the disposal of two London properties to its London Student Accommodation joint venture (LSAV) with GIC for £342 million (Unite share £171 million), in line with book values and reflecting an average net initial yield…
SYDNEY, AUSTRALIA: National Australia Bank Limited (NAB) today announced it had reached an agreement to settle a class action commenced in the United States in 2016. The class action in which NAB and multiple other financial institutions were named as…