LONDON, UK: Nightcap Plc (LON: NGHT) has acquired the entire issued share capital of Barrio Familia Ltd and its subsidiaries, a news release noted. As a result of the Acquisition, the board of Nightcap expects that the Group’s results for the 53 weeks ending 3 July 2022 will be significantly ahead of current market expectations….
Zenith acquires Canadian North Africa Oil & Gas Ltd. for $1.65mn
LONDON, UK: Zenith Energy (LON: ZEN) announced that Zenith Overseas Assets Holdings, its fully owned subsidiary, has entered into a share purchase agreement for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia)…
Thuraya enters broadband products distribution deal with SATCOM
ABU DHABI, UAE: Thuraya Telecommunications Company has entered into a long-term agreement with Cobham SATCOM, for the distribution of next generation broadband products for land, aeronautical and maritime users. Thuraya is a subsidiary of Yashat. This agreement further builds on Yahsat’s existing partnership with Cobham and marks an important milestone in the roll out of…
ADNOC Distribution launches next generation retail experience
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel convenience retailer, is the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less ADNOC Oasis store. It offers new, state-of-the-art cashless and contactless payment system and an AI technology enhanced shopping environment. Busy customers…
Technip & Svante to develop carbon capture projects in Europe, Middle-East
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,…