LONDON, UK: Hochschild Mining (LON: HOC) has entered into a definitive agreement with Amarillo Gold Corporation (TSXV: AGC) pursuant to which Hochschild has agreed to acquire all of the issued and outstanding shares of Amarillo at a price of C$0.40 per share in cash. Pursuant to the transaction, Hochschild will acquire a 100% interest in…
Brendan McMorrow appointed CEO of Ormonde Mining
LONDON, UK: Ormonde Mining announced that Brendan McMorrow, who was appointed as a non-executive director of the Company on 30 September 2021, has been appointed Chief Executive Officer (CEO) with immediate effect. Brendan McMorrow has over 25 years’ experience as a senior executive and director of publicly listed natural resources companies and will assist the…
Australian Finance Group buys Fintelligence for $52.2mn
SYDNEY, AUSTRALIA: Australian Finance Group (ASX:AFG) has acquired a 75 per cent stake in leading asset finance aggregator, National Finance Alliance, trading as Fintelligence. AFG will pay $52.5 million for the purchase of 75% of Fintelligence, funded primarily by a new corporate debt facility. The transaction is expected to be EPS accretive (pre-synergies) in the…
GUD Holdings agree to acquire APG for $744.6 million
SYDNEY, AUSTRALIA: GUD Holdings has entered into an agreement to acquire AutoPacific Group (APG), for total consideration of approximately $744.6 million. GUD’s acquisition of AutoPacific Group (APG) will see the Group make a meaningful step towards its vision of becoming an integrated leader in 4WD Accessories and Trailering in Australia and New Zealand (ANZ) with…
Credit Corp to acquire Radio Rentals for $60mn
SYDNEY, AUSTRALIA: Credit Corp Group has entered into a binding agreement to acquire the assets of the Radio Rentals appliance leasing business from ASX listed Thorn Group Limited (Thorn) for a total consideration of approximately $60 million. The total consideration is subject to completion adjustments and will be funded from existing cash reserves. The transaction…
NZME Publishing acquires BusinessDesk for NZ$5.0mn
AUCKLAND, NEW ZEALAND: NZME Limited’s subsidiary NZME Publishing Limited has entered into a conditional agreement to acquire the BusinessDesk premier news website business and assets from publisher Content Limited for NZ$3.5 million payable in cash on completion, subject to customary adjustments plus an earn-out amount of up to NZ$1.5 million following 31 December 2023. “NZME’s…
Azelis acquires Austrian food distributor, Neupert Specialities
BRUSSELS, BELGIUM: Azelis Group (BSE:AZE), a leading innovative service provider in the specialty chemicals and food ingredients industry, has acquired 100% of the shares of Neupert Specialities GmbH in Austria. Neupert Specialities is an established distributor specializing in food and health raw materials and ingredients in the local market. Established in 2011 and headquartered in…
Supernet and PAKSAT sign partnership for proliferation of satellite communications
KARACHI, PAKISTAN: Supernet Limited and PAKSAT International, Pakistan’s national satellite operator have signed a strategic partnership to expand the existing relationship. Through this partnership, Supernet will be able to provide national and international customers with seamless connectivity through Pakistan’s current and future national satellites and PAKSAT will be able to expand its technical and support…
Community policing needs reforms to have impact in the global south
Researchers from the Institute of Development and Economic Alternatives (IDEAS), LUMS and Princeton University are part of a large international study on community policing in the Global South, including Pakistan. The results of the study have been published in Science, one of the world’s top academic journals. The Pakistan study was conducted by Dr. Ali…
KIPCO raises KD 80mn in oversubscribed rights issue
KUWAIT CITY: KIPCO – the Kuwait Projects Company (Holding) – announced the rights issue of 640 million shares was oversubscribed, and KIPCO raised KD 80 million in equity. The company’s issued and paid-up capital now stands at KD 264 million. KIPCO’s Board of Directors approved the rights issue in early August, announcing that it intended…
Kingfish buys land for first production facility in U.S.
OSLO, NORWAY: The Kingfish Company purchased land for its new facility in Jonesport, Maine. Upon completion, the facility will serve as Kingfish’s first production facility in the U.S. as the company looks to replicate its successful operation in Europe and establish significant local sustainable seafood production for U.S. retailers and food service. The purchase follows…
Harvest Minerals acquires advanced stage phosphate project in Brazil
LONDON, UK: Harvest Minerals Limited has entered into a binding share purchase agreement to acquire the entire issued share capital of BF Mineração Ltda for a total consideration of $800,000 payable in cash and new Harvest shares over a period of time. BF Mineração owns the advanced Miriri Phosphate Project in the State of Pernambuco,…