Warehouse REIT, a prominent investor in multi-let warehouses, has announced its latest acquisition: Phase 2 of Ventura Retail Park in Tamworth, near Birmingham, for a total of £38.6 million. This acquisition, which sports a net initial yield of 7.4%, marks a significant expansion in one of the UK’s leading retail spaces. Ventura Retail Park, notable […]
Zurich Insurance Group has announced a significant expansion in the travel insurance sector with its acquisition of AIG’s global personal travel insurance and assistance business, AIG Travel, for USD 600 million. This deal also includes a potential additional earn-out payment and is set to merge AIG Travel with Zurich’s subsidiary, Cover-More Group, significantly enhancing Zurich’s […]
CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a notable player in the biopharmaceutical sector, has made a significant announcement that could have wide-reaching implications for kidney transplant recipients. The company revealed its plans to submit an Investigational New Drug (IND) application for CID-103 to the U.S. Food and Drug Administration (FDA) by the end of 2024. CID-103, […]
British multinational oil and gas company, bp plc, has agreed to acquire Bunge Ltd.’s 50% interest in their joint venture, bp Bunge Bioenergia S.A., for an enterprise value of approximately $1.4 billion. This acquisition will position bp as the sole owner of one of Brazil’s leading biofuels-producing companies, significantly enhancing its industrial-scale sugarcane and ethanol […]
Keystone Agency Partners (KAP) has officially announced its acquisition of Keystone Insurers Group (Keystone), marking a significant step in its strategic expansion. This merger is designed to enhance operational integration and alignment, positioning KAP at the forefront of the rapidly evolving market dynamics. This acquisition not only signifies a pivotal moment for both entities but […]
Monarch Alternative Capital LP, a prestigious investment firm overseeing more than $14 billion in assets, has finalized a deal to sell Shopko Optical to the Fielmann Group, a top global eyewear provider. This significant transaction, valued at $168 million, marks a pivotal move in the optical retail sector and is slated to conclude in the […]
Suprajit Engineering Limited, an Indian manufacturer specializing in automotive cables and halogen bulbs, has officially signed a Share and Asset Purchase Agreement (SAPA) to acquire the business of Stahlschmidt Cable Systems (SCS), a renowned Light Duty Cable manufacturer. This acquisition, valued at an enterprise value of €13.5 million, is part of a strategic move to […]
In a significant expansion of its offshore portfolio, Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) has announced a major acquisition in the Orange Basin, off the coast of South Africa. The oil and gas exploration company, through its wholly owned subsidiary, Azinam South Africa Limited, will acquire a 75% working interest from […]
In a strategic expansion of its global retail operations, Saudi Arabian Oil Co. (Aramco) has solidified its position in the Pakistani market by acquiring a 40% equity stake in Gas & Oil Pakistan Ltd. (GO), a prominent player in Pakistan’s downstream fuel sector. This move marks Aramco’s inaugural foray into Pakistan’s retail fuel sector, highlighting […]
Route Mobile Limited, a leading global provider in Communications Platform as a Service (CPaaS), has become a significant part of the Proximus Group following a strategic acquisition. The deal, finalized on May 9, 2024, marks a major expansion for Proximus, a prominent digital services and communications solutions provider based in Belgium with extensive international operations. […]