AUCKLAND: T&G Global is selling and leasing back its 484 Nayland Road, Nelson site, in a move, which will generate $50.5 million to support its growth strategy. The 8.0382 hectare site is being sold to Property Income Fund Limited, a…
AUCKLAND: Enprise Group has increased its holding in iSell Pty Limited to 67.6%, a news release said. Enprise has purchased 1,824,797 shares in iSell Pty Limited from existing shareholders for A$0.30 per share. Enprise has used existing cash reserves for…
WELLINGTON: Downer EDI Limited has entered into an agreement to sell 70% of its Laundries business to an entity established by Australian private equity firm, Adamantem Capital, a news release said. Under the agreement, Downer will sell a 70% interest…
SYDNEY: Westpac Group announced it will sell Westpac General Insurance Limited and Westpac General Insurance Services Limited to Allianz and enter into an exclusive 20-year agreement for the distribution of general insurance products to Westpac’s customers. The sale price of…
MONTRÉAL: Bombardier and Alstom announced today that all necessary regulatory approvals required to complete the sale of Bombardier Transportation to Alstom have been received. Bombardier and Alstom now expect the transaction to close on January 29, 2021. With over 52,000…
NEW YORK: fuboTV Inc. has acquired Balto Sports, marking the company’s first move into the online sports wagering market, a news release said. Terms of the deal were not disclosed. Balto Sports is a Y Combinator company that develops tools…
NEW YORK: JetBlue Airways Corporation has announced a proposed underwritten offering of 35 million shares of its common stock. JetBlue intends to grant the underwriters a 30-day option to purchase up to 5,250,000 additional shares of common stock. JetBlue intends…
SAN FRANCISCO: Pacific Gas and Electric Company (PG&E) announced plans to sell its Pleasant Creek natural gas storage field, located in Yolo County, Calif. The Pleasant Creek field is the smallest of four underground natural gas storage fields owned wholly…
NEW YORK: Assurant, a leading global provider of lifestyle and housing solutions, announced the closing of its acquisition of HYLA Mobile, a leading provider of smartphone software, trade-in and upgrade services. The acquisition further strengthens Assurant’s trade-in and upgrade programs…
EDMONTON: Innovate Edmonton’s Board of Directors has recruited media-tech, investment and entrepreneurial powerhouse Catherine Warren as its new CEO, a news release said. Warren’s comprehensive understanding of digital and sustainable economies, long standing service to major Canadian innovation funds and…
OSLO: Kongsberg ASA has on 1 December 2020 put in place a non-discretionary agreement with a third party for the repurchase of Kongsberg shares for up to NOK 100 million in the open market. Under this agreement, the third party…
SEATTLE: Comcast Corporation announced plans to equip more than 30 different locations in Washington with WiFi-connected “Lift Zones” over the next few months. Working with its network of nonprofit partners, Comcast is providing robust WiFi coverage at safe spaces in…