LONDON: Tesco PLC has announced the sale of its 20% share in Gain Land to a subsidiary of its joint venture partner, China Resources Holdings (CRH). Gain Land is the Chinese joint venture with CRH that was established in 2014. …
MANAMA, BAHRAIN: Al Baraka Banking Group BSC (ABG), the leading Islamic banking group with its headquarters in the Kingdom of Bahrain, achieved a net income of US$ 180 million in 2019, while net operating income reached US$ 399 million and…
DUBAI: DP World PLC has announced the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP). MIP is a fund managed by the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group. The purchase consideration is below 2.5%…
LONDON, UK: Bunzl plc, the specialist international distribution and services group, has announced two further acquisitions in Brazil and Denmark. Medcorp, a distributor of healthcare related products based in Sao Paulo, was acquired at the end of January. It is…
LONDON: Boku Inc, an independent carrier commerce company, announced a preferred partnership agreement with AWA Co. Ltd. to allow AWA’s Japanese customers to charge their recurring monthly subscription fees directly to their mobile phone bills via direct carrier billing. Through…
LONDON: Frenkel Topping Limited, the specialist independent financial advisor and asset manager focused on asset protection for vulnerable clients, announced its IFA business has established a 50:50 joint venture with Horwich Cohen Coghlan Ltd (HCC), a law firm with a…
LONDON: InnovaDerma Plc, a UK developer of beauty/personal care and life science products, has announced the launch of Nuthing, a new brand and category in hair removal. Nuthing will initially be exclusively stocked in all of c.800 Superdrug stores from…
MANAMA, BAHRAIN: Al Salam Bank-Bahrain, the pioneering Shari’a-compliant Bank in the Kingdom, is offering competitive property financing options for customers looking to purchase apartments in The Courtyard at Seef. The stylish urban development, which is connected to a popular shopping…
MELBOURNE: Clinuvel Pharmaceuticals is investing in the further expansion of its facilities in Singapore with new state of the art and expanded laboratories to open 1 July 2020. The research and development capacity of its wholly owned subsidiary, Vallaurix Pte…
SYDNEY: The Board of the Environmental Group Limited (EGL) announced the appointment of Andrew Arapakis as CEO of the Company effective as at 6th April 2020. Arapakis has held senior leadership positions for over 25 years across a variety of engineering,…
LONDON: Hunting PLC, the international energy services group, has completed the acquisition of Enpro Subsea Limited for a total consideration of US$33.0 million payable on completion, plus a potential maximum earn out of US$3.0 million based on EBITDA performance in…
LONDON: Halma Plc, the leading safety, health and environmental technology group, has announced that it has acquired Maxtec, LLC, which is based in Utah, USA. The cash consideration for Maxtec is US$20 million (£15.3 million3), on a cash and debt…