LONDON, UK: Volex plc has signed a share purchase agreement for the acquisition of the entire issued share capital of Irvine Electronics Inc. for a total consideration of $16.4 million. Volex Plc is the global supplier of integrated manufacturing services and power products. The acquisition will be satisfied in cash at completion from the Company’s…
Appen to acquire Quadrant for up to $45 million
SYDNEY, AUSTRALIA: Appen Limited announced the acquisition of Quadrant, a global leader in mobile location and Point-of-Interest (POI) data, a news release said. To acquire 100% of the share capital of Quadrant, Appen will make an upfront cash payment of US$25 million and a potential additional payment of up to US$20 million in Appen shares…
Princess Cruises restarts Island Princess and Diamond Princess
SANTA CLARITA: Princess Cruises, the world’s leading international premium cruise line has announced updated restart timing for Island Princess and Diamond Princess. Island Princess will now return to service with a series of cruises to the Caribbean in spring 2022, prior to its 14-day Panama Canal Ocean to Ocean voyage on April 27, 2022. Diamond Princess…
Apex Group to buy Sanne Group for £1.51 billion
LONDON, UK: Apex Group has made an offer to acquire all shares of Sanne Group plc at the rate of 920 pence/share, which values Sanne Group’s entire share capital at approximately £1.51 billion. “The boards of directors of Sanne Group plc and Apex Acquisition Company Limited have reached agreement on the terms and conditions of…
Element79 Gold Corp. acquires Plutus Gold Corp.
VANCOUVER, BC: Element79 Gold Corp. has signed a binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding shares in Plutus Gold Corp., which holds the option to acquire the Snowbird High-Grade Gold Project. The Snowbird High-Grade Gold Project consists of 2,726 hectares across ten mineral claims located in Central British Columbia…
Bank Alfalah posts growth in deposits and consumer lending
KARACHI, PAKISTAN: Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half year ended June 30, 2021. The first half of 2021 has been a period of remarkable growth for the Bank. Profit after taxation increased by 24.2% and…
Sudatel Group launches 4G service in Mauritania
ABU DHABI, UAE: Sudatel Telecom Group, through its operator (Chinguitel ), launched the mobile 4G services in the Mauritanian capital, Nouakchott along with six other regions of Mauritanian states. This move coincides with the celebrations of 15th anniversary of Chinguitel in the Mauritanian market. As part of its strategy, Sudatel aims to modernize its infrastructure…
IoT satellite company Astrocast lists on Euronext Growth
LAUSANNE, SWITZERLAND: Astrocast SA, a leading Swiss IoT focused nano satellite company floated its shares on the Euronext Growth market in Oslo. The listing marks the first chance for investors to acquire shares in an Internet of Things (IoT) dedicated satellite constellation in a public market. “Astrocast is recognised as one of the pioneers, and one…
SalMar aquires 45% ownership in Refsnes Laks
OSLO, NORWAY: SalMar has entered into an agreement to acquire 45% ownership in Refsnes Laks AS through a combination of share purchase and private placement. The purchase price for the transaction is NOK 665 million. Refsnes Laks AS currently has four licenses for production of Atlantic salmon and a time limited viewing license in Central Norway,…
Engro to invest Rs21.5bn in its telecom infrastructure business
KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO), has announced that it would enhance its total equity investment in the Telecom Infrastructure vertical to PKR 21.5 billion. Engro has also formed a dedicated platform for connectivity and telecom infrastructure related initiatives by the name of Engro Connect (Pvt.) Limited (EConnect). EConnect is a wholly owned…
Julian Treger to leave Anglo Pacific Group
LONDON, UK: Anglo Pacific Group announced that Julian Treger has indicated that he wishes to step down from his role as Chief Executive Officer (CEO) in due course after eight years in the role. Mr Treger will remain as CEO, leading the team and the Group’s strategic objectives as normal until 31 March 2022, thus…
Avation PLC sells Airbus A220 Aircraft
LONDON, UK: Avation PLC, the commercial passenger aircraft leasing company, entered into an agreement for the sale, at a price that realises a gain, of an Airbus A220-300 aircraft with manufacturer serial number 55034. The aircraft is currently on lease to Latvian carrier airBaltic and is one of six aircraft which Avation currently owns and…