Fairfax open to acquiring AAI s 13% stake in Bangalore Airport: Marar
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Vodafone Lesson: Taxman May Have A Case, But Retro Laws Are A Strict No-No
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IN BRIEF: ADES accepts USD516 million offer from Innovative Energy
Mon, 8th Mar 2021 18:05
ADES International Holding PLC - MENA-focused drilling oil and gas wells company - Accepts cash offer from Innovative Energy Holding Ltd, which values the company at USD516 million.
Innovative Energy is jointly owned by ADES Investments Holdings Ltd, Public Investment Fund of Saudi Arabia and Zamil Group Investment Co.
Under the offer, Innovative Energy will acquire ADES International for USD12.50 per share, reflecting a 40% premium to the company s closing price on Friday last week at USD8.95.
The acquisition is conditional on Innovative Energy gaining valid acceptances from shareholders of no less than 57% of ADES shares not owned by ADES Investments and Zamil, and any antitrust clearance required being received.
Fri, 18th Dec 2020 19:58
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
Ocado Group PLC - FTSE 100-listed online supermarket - Appoints Mastercard Inc Chair Richard Haythornthwaite as independent non-executive chair. Haythornthwaite will be appointed following company s annual general meeting in May, but will join the board on January 1. He is replacing Stuart Rose, who is retiring after serving 8 years as chair. Ocado notes Haythornthwaite will retire from Mastercard, where he has served since its IPO in 2006, before joining the firm. Haythornthwaite is also the chair and co-founder of QiO Technologies Ltd, an advanced analytics and AI software company. He has previously served as CEO of listed companies Invensys PLC and Blue Circle Industries PLC. His other senior board appointments have included Cookson Group PLC, Lafarge SA, Imperial Chemical Industries PLC, Land Securities PLC,