OSLO, Norway: Norwegian Energy Company ASA (Noreco) announced that the Chief Executive Officer, David B. Cook, and the Board of Directors have agreed his resignation from the Company effective today. Chief Financial Officer, Euan Shirlaw, will take on the formal role of Acting Managing Director in Noreco. “We would like to thank Mr Cook for…
Elis acquires Chrisal in Denmark
SAINT-CLOUD: Elis, an international multi-service provider, today announced the acquisition of 100% of Chrisal Skadedyrsservice A/S in Denmark. Chrisal is a 15-employee pest control business based in Stenderup, Denmark. It covers the entire country, with a marked presence in the Jutland region. It will post revenue of c. €3m in 2021 with very good profitability….
TPG Singapore acquires additional 5G Spectrum
SYDNEY, AUSTRALIA: Tuas Limited (ASX:TUA) announced that, in the quantity stage of the 2.1 GHz spectrum auction conducted by the Singapore Infocomm Media Development Authority, TPG Singapore has been provisionally awarded 10 MHz (2 x paired 5 MHz lots) of spectrum in the 2.1 GHz band for a price of S$31m. An assignment stage of…
Ease2pay N.V. agrees to acquire Involtum in a share exchanged deal
ROTTERDAM: Ease2pay N.V. has entered into an agreement to acquire all shares of Involtum Holding B.V. Ease2pay intends to acquire all shares in the share capital of Involtum in exchange for 10,714,792 newly issued non-listed shares in Ease2pay. Following the transaction, the Involtum shareholders are expected to hold approximately 46,4% of the outstanding shares in…
FirstWave Cloud Technology to acquire Opmantek Limited
SYDNEY, AUSTRALIA: FirstWave Cloud Technology Limited (ASX: FCT) proposed acquisition of Opmantek Limited Opmantek), a fast-growing provider of enterprise-grade network management, automation and IT audit software to Managed Service Providers (MSP) and medium-to-large businesses world-wide. Opmantek is incorporated in Australia with a headquarters in San Francisco and offices in Australia, USA and Mexico. FirstWave Cloud…
Multiply Group to list on main market of Abu Dhabi Exchange
ABU DHABI, UAE: Multiply Group, a subsidiary of International Holding Company (IHC), will list directly on the Abu Dhabi Securities Exchange (ADX) on December 5, 2021, offering investors the opportunity to invest in the field of disruptive digital technology and other key industries, a news release said. Multiply Group, which had assets of AED 8.16…
Chris Phillips appointed Chief Commercial & Investment Officer at Gulf Navigation Holding
DUBAI, UAE: Gulf Navigation Holding has appointed Chris Phillips as its new Chief Commercial and Investment Officer. Chris Phillips brings with him over 25 years of international investment management experience. Prior to joining Gulf Navigation Holding he was the Wholesale Banking Head of Specialized & Ship Finance at Abu Dhabi Islamic Bank, Head of Marine…
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Qatar First Bank invests in US-based voice AI firm, SoundHound
DOHA, QATAR: Qatar First Bank (QFB) has agreed to invest in SoundHound Inc., a US late-stage tech company specialized in voice AI. SoundHound Inc.’s headquarters are in Silicon Valley, California, in the USA. The investment is expected to close in the first quarter of 2022. SoundHound’s independent voice AI platform, built on proprietary natural language…
Orient Insurance acquires ADCB Group’s shares in Orient Takaful
DUBAI, UAE: Orient Insurance, a subsidiary of Al Futtaim Group, announced that it has completed acquiring the shares of ADCB Group in Orient Takaful Insurance Company (An Egyptian Joint Stock Company) amounting to 20% of the company’s total shares, this purchase will increase Orient UAE’s share to 80% of the total shares of the Egyptian…
PSX lists Pak Agro Packaging on its maiden GEM Board
KARACHI, PAKISTAN: Pak Agro Packaging Limited (PAPL) has become the very first company to be listed on Pakistan Stock Exchange (PSX) Growth Enterprise Market (GEM) Board, a statement noted. Growth Enterprise Market (GEM) Board is a listing platform created to facilitate growth enterprises whether small, medium or greenfield businesses for their capital raising needs. Adviser…