LONDON: Bushveld Minerals Limited, which owns high-grade vanadium assets in South Africa, has signed a joint venture agreement with redT energy plc to form a Vanadium Financing Partnership to supply vanadium electrolyte to be used in third party-owned Vanadium Redox Flow Batteries (VRFBs) projects developed by redT. The financing partnership is in line with Bushveld…
Barminco set for Canada debut with $200mn Hemlo contract
PERTH: Perenti, a diversified global mining services group, announced its subsidiary, hard-rock underground miner Barminco, has received a letter of intent from Barrick to provide underground contract mining services at Barrick’s Hemlo Mine, located in the Marathon mining district of northwestern Ontario, Canada. Under the proposed three-year, approximately $200 million mining services contract, Barminco will…
NZCS agrees to acquire nutraceutical manufacturer Kiwi Dreams International
NEDLANDS: New Zealand Coastal Seafoods Limited (NZS) has agreed to acquire 100% of the issued share capital of New Zealand based Nutraceutical Manufacturer and Developer, Kiwi Dreams International Limited (KDI) from the shareholders Tony Dowd, Grant Washington-Smith and Rinku Singh. The consideration for the Acquisition will be satisfied by the issue of 16 million ordinary…
FAM partners Invigor to explore co-developed analytics and data solutions
PERTH: Family Insights Group Limited (FAM) has signed a non-binding Memorandum of Understanding with leading data intelligence company Invigor Group to explore co-developed analytics and data solutions for B2B customers. Invigor is a leading data intelligence, insights and analytics business with customers in multiple industries including liquor, white goods and electronics. Increasingly it’s client base…
Merck to develop AnteoBind-activated Europium particle products
BRISBANE: AnteoTech Ltd has signed a non-binding Heads of Agreement with Merck to co-develop AnteoBind activated Europium particles for the rapidly growing global point of care (PoC) diagnostic testing market. The products will harness Merck’s full range of Europium particles activated with AnteoBind to offer an advanced toolset for assay developers. The combined products will…
European Commission clears merger of Vodafone Italy towers and INWIT
LONDON: The European Commission has cleared the combination of Vodafone Italy’s towers with INWIT’s passive network infrastructure, creating Europe’s second largest listed tower company with over 22,000 towers. Following constructive talks with the European Commission, Vodafone and TIM have offered commitments to support access to INWIT’s passive infrastructure by all market participants. Under the commitments,…
Tesco to sell its Asia business to CP Group for $10.6 billion
LONDON: Tesco Plc has entered into a conditional agreement with CP Group with respect to the sale of Tesco’s businesses in Thailand and Malaysia for an enterprise value of $10.6 billion. CP Group comprises of namely C.P. Retail Development Company Limited, Charoen Pokphand Holding Co., Ltd, CP All Public Limited Company and C.P. Merchandising Co.,…
LiquidX partners with Emirates NBD; expands geographic presence
SINGAPORE: LiquidX, the global network for illiquid assets, announced the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – UAE 2019” by The Banker magazine in recognition of its…
Ideagen acquires Workrite Ltd for £6.8 million
LONDON: Ideagen PLC, a leading supplier of Information Management software to highly regulated industries, has announced the acquisition of the entire issued share capital of Workrite Ltd for a net cash consideration of up to £6.8 million. The consideration will be funded from the Group’s cash reserves and existing debt facility. Highlights Workrite is a…
Aviva Plc announces exit from Indonesia
LONDON: Aviva plc, an international savings and insurance business has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra International Tbk. The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including…
Gateley acquires The Vinden Partnership Limited for £6.75 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of The Vinden Partnership Limited for a maximum consideration of £6.75 million, equating to a maximum Enterprise Value of £5.15m. Vinden, a specialist business offering corporate advisory, dispute resolution and consultancy to the built environment in the property and construction…
PointsBet receives regulatory approval and launches in Indiana
MELBOURNE: PointsBet Holdings Limited’s wholly owned subsidiary, PointsBet Indiana has received a Mobile Sports Wagering Launch Authorisation from the Indiana Gaming Commission (IGC) and has launched operations in the State of Indiana. This represents the Company’s third digital sportsbook operation in the United States and the first under the partnership with Penn National Gaming announced…