LONDON: Liontrust Asset Management Plc, the specialist independent fund management group, has entered into a conditional share purchase agreement with the significant shareholders of Neptune Investment Management Limited to purchase the entire issued share capital of Neptune Investment Management Limited for a total consideration of up to £40 million. The proposed acquisition includes the highly…
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Hamish Paton appointed CEO of Amigo Holdings
LONDON: Amigo Holdings PLC, the leading provider of guarantor loans in the UK, confirms Hamish Paton has been appointed as CEO and executive director of the Company with immediate effect, following FCA authorisation. Following the above change the total number of Directors will consist of four independent Non-Executive Directors, including the Chairman and two as…
Rakuten to establish company for banking operations in the United States
TOKYO, JAPAN: Rakuten Card Co., a wholly owned subsidiary of Rakuten Inc. has resolved to establish a company titled Rakuten Bank America to commence a banking operation in the United States, with an investment of USD 400 million. Rakuten Bank America would undertake credit card issuing and acquiring, personal loans, business loans and deposits. Since…
Vedanta fully unwinds the Cairn India Holdings structured investment with $100 million gains
MUMBAI, INDIA: Cairn India Holdings Limited (CIHL), an overseas subsidiary of Vedanta Limited, and Volcan Investments Limited have agreed to unwind entirely the structured investment entered between them in December 2018 ahead of the originally envisaged schedule. With this, Volcan Investments will exercise the early exchange option available to it on 26 July 2019 and…
SoftBank Group plans SoftBank Vision Fund 2
SINGAPORE: SoftBank Group Corp. (SBG) has planned establishment of “SoftBank Vision Fund 2”, a new private investment fund. The objective of the Fund is to facilitate the continued acceleration of the Artificial Intelligence (AI) revolution through investment in market-leading, tech-enabled growth companies. The total expected contribution of capital to the Fund has reached approximately USD…
BSE signs MoU with Shanghai Stock Exchange
MUMBAI, INDIA: BSE, India’s premier exchange, has signed a Memorandum of Understanding (MoU) with Shanghai Stock Exchange to facilitate the development of channels of communication and to foster a continuing relationship between the parties for the benefit of financial services industry in the People’s Republic of China and the Republic of India. The MoU is…
Mirai Creation Fund-II invests in VISITS Technologies
TOKYO: SPARX Group Co., Ltd. announced that its Mirai Creation Fund-II has invested in VISITS Technologies, a supporter of innovation generation primarily through its patented technology, which it calls “Consensus Intelligence technology” (CI technology), an algorithm for achieving consensus. With this round of fundraising, the company plans to accelerate its business development and bolster the…