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Dubai has announced the launch of its comprehensive AI blueprint, a strategic annual plan aimed at leveraging AI to enhance global quality of life. The ambitious plan kicks off with the designation of a dedicated AI CEO for each government entity. Following this, Dubai will establish an Artificial Intelligence (AI) and WEB3 Incubator, poised to…

OpenGate Capital, a prominent global private equity firm, has successfully completed the sale of SMAC, a leading French provider of waterproofing and building envelope systems. The acquisition was made by Compagnie Financière Jousset (CFJ) in partnership with the management team of SMAC. The financial details of the deal remain undisclosed. Founded in 1884, SMAC has…

LONDON, UK: Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €36m in Zellis Group on a look-through basis. On 15 April 2024, the Apax XI Fund (Apax XI), in which AGA is a limited partner, announced that it had…

LONDON: Everest Global plc announced that on 08 April 2024 it entered into a share purchase agreement (SPA) with Giga Treasure Limited to acquire 33 per cent of the issued share capital of Ace Jumbo Ventures Limited for US$20,000 in cash. Ace Jumbo Ventures is the parent company of Giga (Hong Kong) Limited, a company…

Cloudflare, Inc. (NYSE: NET) has announced the acquisition of Baselime, a trailblazer in cloud-native observability solutions. This acquisition marks Cloudflare’s ambitious entry into a new domain, aiming to address the inherent challenges of serverless application observability. Serverless computing has revolutionized the way applications are built, offering a scalable infrastructure without the hassle of management. However,…

LONDON, UK: ECO Animal Health Group plc (AIM: EAH), known for its expansive portfolio of veterinary products and a burgeoning R&D pipeline, has announced the sale of its ECOmectin® Horsepaste to ACME Drugs S.r.l, a trusted manufacturing partner based in Italy. The deal, valued at €1.3 million, marks a significant step in ECO’s ongoing efforts…

XLMedia (AIM: XLM) has announced the successful completion of its divestiture of European and Canadian sports betting and gaming assets to Gambling.com Group Limited (“GAMB”). The sale, finalized on April 1, 2024, saw XLMedia confirm the receipt of a $20.0 million initial cash installment on the following day. The agreement stipulates a total potential consideration…

LONDON, UK: Tirupati Graphite plc, a key player in the flake graphite market, has announced substantial progress in the production and qualification of high-purity jumbo flake graphite from its Madagascar operations. This announcement follows the company’s previous operational update on April 4, 2023. Shishir Poddar, Executive Chairman, said: “Today’s announcement is validation of the Company’s…

AUCKLAND: ANZ has agreed to sell 16.5% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR3.85 per share. The sale will reduce ANZ’s shareholding in AmBank from 21.7% to 5.2% and is in line with ANZ’s strategy of simplifying the Bank. Following the sale, ANZ will…