LONDON: Regional REIT, the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office and industrial property assets, has acquired a portfolio of six office assets for a total…
LONDON: Asiamet Resources Limited has signed a Memorandum of Understanding (MoU) with China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd (China NFC), a subsidiary of China Nonferrous Metal Mining (Group) Co., Ltd. for value engineering and Engineering, Procurement…
SINGAPORE: Singtel announced that its wholly-owned subsidiary, Singtel Group Treasury Pte. Ltd. (SGT), has priced US$750 million of 10-year notes guaranteed by Singtel. The issue of notes attracted strong demand from a wide range of high quality investors. The order…
TOKYO: Sumitomo Life Insurance Company has acquired AIARU Small Amount & Short Term Insurance Co., as a subsidiary through a stock purchase on August 21, 2019, Customnews.pk reported. AIARU is a small-amount and short-term insurance company that flexibly develops and…
SAN FRANCISCO: Blackbird plc, the developer and seller of the market-leading cloud video platform Blackbird, will participate in the Google Cloud Partner Pavilion at IBC 2019, a press release noted. Blackbird will demonstrate its cloud video platform to visitors at…
SINGAPORE: Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacific Pte. Ltd. (EXTAP), a division of ExxonMobil Asia Pacific Pte. Ltd. based in Singapore. Under the agreement,…
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for July 2019, wherein overall auto sales for the month of July 2019 nosedived 37% YoY and 13% MoM to 18,848 units. Passenger car sales in the country plummeted…
LONDON: Georgia Capital PLC announced that the Group’s wine business has acquired a 100% equity interest in Alaverdi Ltd. Alaverdi owns 244 hectares of vineyards in the Kakheti region, the vast majority of which grow Georgia’s flagship red wine grapes,…
LONDON: IMI plc has announced the proposed acquisition of PBM Inc., for an enterprise value of $85 million. PBM will become part of IMI’s Critical Engineering division. The proposed acquisition of PBM is fully aligned with IMI’s strategy and represents…
LONDON: Gresham House Energy Storage Fund has completed its investment in a symmetrical 5MW battery-only project based in Wolverhampton for a total enterprise value of approximately £3.5 million. The project is one of the exclusivity portfolio projects identified by the…
LONDON: John Wood Group PLC announced the sale of its nuclear business to a subsidiary of Jacobs for a cash consideration of £250 million representing a multiple of approximately 12.4x based on 2018 EBITDA of £20.2 million. Closing is conditional…
LONDON: Asiamet Resources Limited has successfully placed a total of 50 million new common shares of par value US$0.01 each at a price of 3.5 pence per share raising gross proceeds of approximately US$2.124 million. Proceeds of the placing will…