Rolls-Royce Holdings agrees to sell its Commercial Marine business

FTSE News FTSE 100, News

Rolls-Royce Holdings (LON:RR.) today announced that it has signed an agreement to sell its Commercial Marine business, to KONGSBERG, for an enterprise value of £500m and net proceeds of around £350m to £400m. KONGSBERG, headquartered in Kongsberg, Norway, is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence …

Anglo American plc disposal of its 33% interest in Bafokeng Rasimone Platinum Mine

FTSE News FTSE 100, News

Anglo American plc (LON:AAL) notes the announcement of Anglo American Platinum Limited about the disposal of its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture, for a total purchase consideration of R1.863 billion (approximately US$ 135 million). Anglo American is a global diversified mining business and our products are the essential ingredients in almost every aspect of modern life. …

Ocado Group plc appoint Julie Southern Non-Executive Director

FTSE News FTSE 100, News

Ocado Group plc (LON:OCDO) announced that Julie Southern will join the Board with effect from 1 September 2018. Julie Southern, previously a finance director at Virgin Atlantic and at Porsche Cars Great Britain, has been appointed as an Independent Non-Executive Director and will serve as a member of the Audit Committee. With effect from 1 April 2019, Julie will become …

National Express Group PLC wins major 1 billion Moroccan Bus Contract

FTSE News FTSE 100, News

National Express Group PLC (LON:NEX) today announce that its Spanish and Moroccan division, ALSA, has been awarded a major bus contract in the cities of Rabat, Salé and Temara, Morocco. Rabat is Morocco’s second most populous city and this contract will be ALSA’s largest in the kingdom. The 500 bus contract is expected to carry 109 million passengers a year …

BP PLC in Agreement with ConocoPhillips

FTSE News FTSE 100, News

BP PLC (LON:BP.) today announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska. BP has entered into an agreement to purchase from ConocoPhillips a 16.5% …

Compass Group PLC Johnny Thomson is standing down as Group Finance Director

FTSE News FTSE 100, News

Compass Group PLC (LON:CPG) today announced that Johnny Thomson is standing down from his role as Group Finance Director. Johnny will leave by the end of December and the search for a successor will be started immediately. Paul Walsh, Compass Group’s Chairman, said: “We are very grateful to Johnny for his significant contribution to Compass over the last 9 years …

Vodafone Group PLC launches multi-Country Programme to help Attract and Support LGBT+ talent

FTSE News FTSE 100, News

Vodafone Group PLC (LON:VOD), More than half (58%) of young LGBT+ people are not open about their sexual orientation or gender identity at work because they worry they will face discrimination from managers and colleagues, with 1 in 3 (31%) LGBT+ people admitting they went ‘back into the closet’ when they started their first job. This figure rises to 41% …

Smurfit Kappa Group plc completed the acquisition of Reparenco

FTSE News FTSE 100, News

Smurfit Kappa Group plc (LONLSKG), one of the world’s largest integrated manufacturers of paper-based packaging products with operations in Europe and the Americas, today announced that it has completed the acquisition of Reparenco, a paper and recycling business in the Netherlands, for €460 million. The acquisition represents a transaction multiple, pre-synergies, of 6.4x Reparenco’s 2018 expected full year EBITDA of …

Micro Focus International plc Proposed sale of the SUSE Business

FTSE News FTSE 100, News

Micro Focus International plc (LON:MCRO), the global infrastructure software business, today announced that it has agreed definitive terms to sell its SUSE business segment  to Blitz 18-679 GmbH, a newly incorporated indirectly wholly-owned subsidiary of EQTVIII SCSp  which is advised by EQT Partners, for a total cash consideration of $2.535 billion  on a cash and debt free basis and subject …