SYDNEY, AUSTRALIA: Vonex Limited has agreed to acquire MNF Group’s Direct Business which services SME and Consumer customers for $31 million, comprising $20 million of cash consideration payable on completion and $11 million of deferred cash consideration payable in monthly installments over 12 months, a news release said. MNF will retain elements of the business…
PointsBet launches iGaming in New Jersey
MELBOURNE, AUSTRALIA: PointsBet New Jersey LLC has been authorised by the New Jersey Department of Gaming Enforcement (NJDGE) to commence iGaming operations and has launched its proprietary iGaming platform in that state. The launch of iGaming operations in New Jersey follows PointsBet’s inaugural iGaming launch in Michigan on 5 May 2021. iGaming revenues in the…
Nel ASA joins PosHYdon consortium
OSLO, NORWAY: Nel ASA joined the consortium agreement for the PosHYdon project, which aims to validate the integration of offshore wind, natural gas, and hydrogen, offshore the Netherlands. Nel will provide a MW-scale PEM electrolyser for the project.PosHYdon seeks to validate the integration of three energy systems in the Dutch North Sea: offshore wind, offshore…
Further action needed on EV charging to meet net zero: CMA
LONDON, UK: UK Competition and Markets Authority (CMA) has outlined measures to ensure the charging sector works well now and in the future. CMA launched competition enforcement action into long-term exclusive arrangements at motorway service stations; and set out measures to ensure a national network of electric vehicle chargepoints is in place ahead of the…
Duncan Owen joins Workspace Group as Non-Executive Director
LONDON, UK: Workspace Group PLC announced the appointment of Duncan Owen as Non-Executive Director of the Company, effective 22 July 2021. Duncan will join the Company’s Audit and Nominations Committees. Duncan has 30 years’ experience in the real estate sector. He was previously the CEO of Invista Real Estate Investment Management PLC and then Global…
South32 finalises energy supply agreement for Hillside Aluminium
LONDON, UK: South32 Limited notified the National Energy Regulator of South Africa has approved a long-term energy supply agreement between Eskom Holdings SOC Limited (Eskom) and Hillside Aluminium smelter. The agreement secures the smelter’s energy supply until 2031, under a tariff that is South African rand based with a rate of escalation linked to the…
Permanent TSB to buy €7.6 billion worth of assets of the Ulster Bank business
LONDON, UK: NatWest Group plc and Ulster Bank in the Republic of Ireland have today entered into a non-binding Memorandum of Understanding (MOU) with Permanent TSB (PTSB) for the proposed sale of a perimeter comprising performing non-tracker mortgages, performing micro-SME loans, Ulster’s asset finance business and a subset of its branch locations. The proposed perimeter…
Quantum Exponential Limited to list its shares on Aquis Stock Exchange
LONDON, UK: Quantum Exponential Limited, a company formed to identify investment opportunities in the quantum technology sector, intends to apply for admission of its Ordinary Shares to trading on the Aquis Stock Exchange Growth Market. The Company is proposing to raise up to £5 million by way of a placing to investors and a subscription…
MJ Hudson buys Saffery Champness Fund Services for £2.8 million
LONDON, UK: MJ Hudson Group plc has acquired the entire share capital of Saffery Champness Fund Services Limited (SCFS), a Guernsey based fund administration business, from the accountancy group Saffery Champness. The acquisition is expected to double MJ Hudson´s fund administration revenues in Guernsey with a 50% increase in local staff numbers. Completion of the…
Secure Trust Bank sells portfolio of mortgage loans to Jacqali for £54.6 million
LONDON, UK: Secure Trust Bank PLC (STB) has agreed to sell a portfolio of mortgage loans to Jacqali Designated Activity Company, a financing vehicle established by a global financial institution, a news release said. This sale represents STB’s full exit from the residential mortgage market, which STB withdrew from in 2019. The consideration for the…
Gateley buys business and assets of Tozer Gallagher
LONDON, UK: Gateley Holdings Gateley Vinden Limited acquired business and assets of Tozer Gallagher LLP, a leading practice of chartered quantity surveyors and construction consultants, for a total maximum consideration of £700,000, plus an amount equal to the book value of the assets acquired, expected to be approximately £115,000. Tozer Gallagher will join the Gateley…
CGG and PGS sign MoU to develop multi-client data collaboration for CO2 storage
PARIS, FRANCE: CGG and PGS have signed a Memorandum of Understanding (MoU) with a view to combining their seismic multi-client products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry. The ambition is to join forces and unlock the value of existing seismic data for carbon storage evaluation. Together, the companies…