PARIS, FRANCE: Kering Eyewear, a global Luxury group that develops a series of renowned Houses in Fashion, Leather Goods and Jewelry, has signed an agreement to acquire Maui Jim Inc., one of the world’s fastest-growing high-end eyewear companies. Founded in 1987, Maui Jim is the world’s largest independently owned high-end eyewear brand with a leading…
Author: Chenos Kahn
Schlumberger opens INNOVATION FACTORI in Houston
PARIS, FRANCE: Schlumberger has expanded its successful INNOVATION FACTORI network with the opening of a new center in Houston, Texas. INNOVATION FACTORI enables customers to accelerate the development and deployment of enterprise-scale AI and digital solutions, in the context of their unique business challenges, spanning exploration to production and new energy systems. “At INNOVATION FACTORI,…
High energy prices necessitate temporary downtime at Bruck paper mill
OSLO, NORWAY: Due to unaffordability of operations in the current energy environment i.e. high energy prices, temporary downtime has been initiated at the Bruck paper mill in Austria. The new boiler scheduled for start-up in April is expected to contribute to alleviate the situation by reducing the mill’s gas consumption and improve its energy supply….
ORANGE and MASMOVIL enter negotiations to merge operations in Spain
PARIS, FRANCE: ORANGE and MASMOVIL (LORCA JVCO) have entered into exclusive discussions to combine their businesses in Spain. The combination would take the form of a 50-50 Joint Venture, co-controlled by ORANGE and MASMOVIL (LORCA JVCO) with a combined enterprise valuation of €19.6Bn. Valuations are attractive for both businesses, with ORANGE Spain’s enterprise value at…
Gabriel Chiappini appointed CEO of Black Dragon Gold Corp
SYDNEY, AUSTRALIA: Black Dragon Gold Corp. (ASX: BDG) announced the appointment of Mr Gabriel Chiappini as Chief Executive Officer (CEO). Gabriel has had a number of leadership roles within mining companies and has extensive capital markets’ experience over a number of years including being an advisor to Cygnet Capital, Executive Chairman and having managed and…
Dubai Islamic Bank shareholders approve 25% dividend for 2021
UAE: Dubai Islamic Bank (DIB) Annual General Assembly Meeting approved the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank’s Board and management’s strategic agenda for the coming years. For the year 2021, and following a strong post-COVID return to growth, DIB reported a 39% year-on-year increase…
SHUAA Partners Acquisition Corp-I begins trading at NASDAQ Global Market
DUBAI, UAE: SHUAA Capital (DFM: SHUAA) announced successful pricing of the initial public offering (IPO) of 10 million units of SHUAA Partners Acquisition Corp I at a price of $10/per unit. The $100 million Special Purpose Acquisition Company (SPAC) will be listed and start trading at NASDAQ Global Market under the ticker symbol “SHUAU” on…
Equinor to start exiting from joint ventures in Russia
OSLO, NORWAY: Equinor (NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering…
Zip agrees to acquire Sezzle in a A$491mn share exchanged deal
SYDNEY, AUSTRALIA: Zip Co Limited (ASX: Z1P) has entered into a definitive agreement to acquire Sezzle Inc. in an all-scrip transaction by way of a statutory merger under the laws of the State of Delaware. Subject to the satisfaction or waiver of specified closing conditions, Sezzle stockholders will be entitled to receive 0.98 Zip ordinary…
Michaël Ohana appointed CEO of Prodways Group
PARIS, FRANCE: Michaël Ohana has joined Prodways Group as Chief Executive Officer. He will bring to Prodways Group his 28 years of experience in digital transformation and the deployment of innovative technologies, particularly in the dental sector. Michaël Ohana, 52, began his career at Schlumberger where he spent 14 years in various management positions both…
Dtac and True agree to create a new telecom-tech company in Thailand
OSLO, NORWAY: Total Access Communication (Dtac) and True Corporation (True) announces that following the completion of the merger due diligence, the Board of Directors of each company approved the amalgamation and entered into an agreement to create a new telecom-tech company. As announced on 22 November 2021, there will be a voluntary tender offer (VTO) following regulatory…
Lyse to acquire Ice Group Scandinavia Holding for NOK 3.0bn
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…