PARIS, FRANCE: Technip Energies (PARIS:TE) and Svante have entered into a Memorandum of Understanding (MoU) to further develop Svante’s solid sorbent carbon capture technology and provide integrated solutions from concept to project delivery, a news release said. The partnership will explore opportunities in Europe, Middle-East and Africa (EMEA) and Russian Federation markets where Svante’s technology…
Ericsson to acquire Vonage Holdings Corp. for $6.2 billion
HELSINKI, FINLAND: Ericsson (NASDAQ: ERIC) has entered into an agreement to acquire Vonage Holdings Corp. (NASDAQ: VG) for $21/share representing a total acquisition price of approximately $6.2 billion (Enterprise Value). The merger agreement was approved unanimously by the Board of Vonage. The transaction builds upon Ericsson’s stated intent to expand globally in wireless enterprise, offering…
Telenor and C.P. Group agree on creation of a new telecom-tech company
OSLO, NORWY: Telenor and C.P. Group have agreed to explore the creation of a new company comprising of dtac and True in Thailand. The transaction will create a company with around 55 mill customers and pro-forma revenues of around USD 6.9 bn in 2020. Telenor believes there will be significant opportunities in Asia coming from…
HITIQ Limited confirms strategic acquisition of CSX Limited
SYDNEY, AUSTRALIA: HITIQ Limited (ASX: HIQ) has entered into a Share Purchase Agreement to acquire all of the issued shares in CSX Limited (CSX). Acquisition price is A$0.857 million cash, with a further A$0.250 million cash to be paid within 18 months of acquisition based on agreed KPI’s. CSX Limited is a New Zealand based…
Refining NZ turns into fuel import infrastructure company
WELLINGTON: Refining NZ has reached a key milestone in the transition to a fuel import terminal as part of its strategic vision to be New Zealand’s leading fuel infrastructure company. Naomi James, CEO, said “Today is a momentous day in the journey to transition our business from operating as a refinery to an import-only fuel…
TradeWindow lists on NZX today with ticker ‘TWL’
AUCKLAND: Trade Window Holdings Ltd confirms it is listing on the NZX Main Board on Monday. The New Zealand founded business is an early-stage software company that provides digital solutions for exporters, importers, freight forwarders and customs brokers to drive productivity, increase connectivity, and enhance visibility. Its software solutions integrate to form a cohesive digital…
Meridian agrees to sell Australian business for A$729mn
AUCKLAND; Meridian Energy’s Board has agreed the sale of Meridian’s Australian business to a consortium of Shell Energy Operations Pty Ltd and Infrastructure Capital Group (ICG) for A$729 million. On completion, Shell will become the owner of the retail business, Powershop Australia, while ICG will become the owner of the infrastructure assets (Mt Mercer and…
Sharjah Group changes name to Aram Group
ABU DHABI, UAE: Sharjah Group Company has changed name to Aram Group public joint stock company, in accordance with the resolution of the General Assembly Meeting held on 7/10/2021 which included changes in its Article of Association. Aram Group, also expanded its ambit of activities to investment activities in agricultural projects, investment in industrial projects,…
Al Mal Capital acquires two school of Al Shola Private Schools
Al Mal Capital is the first REIT listed on Dubai Financial Market (DFM), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC. Accordingly, the school campuses have been leased back to the operator for a long-term period on a triple net basis for management and operation. The two acquired schools, part…
Investment grade ratings of Finance House reaffirmed, stable outlook
ABU DHABI, UAE: Finance House PJSC (FH)’s Short-Term Foreign Currency Rating (ST FCR) at “A3” and Long-Term Foreign Currency Rating (LT FCR) at “BBB-” were both reaffirmed with a stable outlook by Capital Intelligence (CI), the international credit rating agency. Mohammed Abdulla Alqubaisi, Founder of Finance House, commented: “We are very proud of the reaffirmation…
Yahsat to be added to the FTSE UAE Small Cap Index
ABU DHABI, UAE: Al Yah Satellite Communications Company (Yahsat), UAE’s flagship satellite solutions provider is to be added to the FTSE UAE Small Cap Index, a news release said. Yahsat is listed on the Abu Dhabi Securities Exchange (ADX). By virtue of being a constituent of the FTSE UAE Small Cap Index, Yahsat will also…
6 Tips That Every New Business Owner Needs To Hear
One of the greatest challenges faced by new business owners is knowing where to start when it comes to taking steps toward success. While there is plenty of general advice available in magazines and online, most success stories offer a more practical and personal look at the real day-to-day issues that face an entrepreneur who…