KARACHI: Pakistan Petroleum Limited (PPL) has submitted an Expression of Interest (EoI) for acquiring mining rights in two blocks in Balochistan, a province of Pakistan, which shares borders with Iran and Afghanistan. Pakistan Petroleum Limited (PPL) is pursuing a diversification strategy to keep its revenue streams flowing given depleting gas reserves, and no new significant discoveries in…
RMG selling Solutions business to Schroders for £230 million
LONDON, UK: River and Mercantile Group (RMG) has entered into a contract to sell its Solutions business to the Schroders Group. Completion of the sale is conditional on RMG shareholder and regulatory approval. The consideration for proposed sale of Solutions to Schroders at an enterprise value of £230 million. Solutions’ Assets Under Management as at…
Ericsson and du partner with Pure Harvest Smart Farms to collaborate on 5G solutions for farms
Ericsson (NASDAQ:ERIC) has signed a Memorandum of Understanding (MoU) with du, from Emirates Integrated Telecommunications Company (EITC), and Pure Harvest Smart Farms to deploy innovative 5G smart farming solutions across agricultural sites in Al Ain, United Arab Emirates (UAE). The 5G solutions deployed will leverage operations across existing devices used in Pure Harvest farms, such…
Immobel launches a public offer of green notes in Belgium
BRUSSELS, BELGIUM: Immobel SA/NV on Thursday 28 October 2021 will launch a public offer in Belgium of 6.5-year green notes for an aggregate minimum nominal amount of EUR 75 million and an aggregate maximum nominal amount of EUR 125 million. The Green Notes will be offered both to retail investors and, to a certain extent,…
Proact acquires ahd GmbH & Co. for EUR 26.2 million
STOCKHOLM, SWEDEN: Proact IT Group has signed a definite agreement to acquire German IT company ahd GmbH & Co. KG. The purchase price amounts to EUR 26.2 million on a cash-free and debt-free basis, which corresponds to 9.0 times EBITA. The transaction is expected to contribute approximately EUR 30 million in increased annual sales for…
VEON partners Amdocs for new digital services in Uzbekistan, Kazakhstan
AMSTERDAM: VEON Ltd. and Amdocs have signed a seven-year agreement that will enable innovative digital services for VEON customers in Uzbekistan and Kazakhstan. The agreement is expected to lay the foundation for VEON’s Beeline mobile operators in Uzbekistan and Kazakhstan to launch transformational digital services and personalised experiences. This will happen by deploying Amdocs’s microservices-based…
Agronomics participates in Solar Foods Bridge Round
LONDON, UK: Agronomics has participated for €3 million in the €6 million Bridge Round for investee company Solar Foods Oy in the form of a Convertible Loan Note (CLN). This follows the announcement that the State-owned Finnish Climate Fund has invested €10 million to aid the build out of Solar Food’s demonstration facility. Also joining…
DP World reports strong volume growth of 11.9% for 9M2021
DUBAI, UAE: DP World Limited handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. On a 3Q2021 basis, DP World handled 19.8 million TEU, up 8.1% year-on-year and up…
Tremor signs smart TV data partnership with VIDAA
LONDON, UK: Tremor International Ltd. announced a global and exclusive strategic partnership with VIDAA, a smart TV operating system and content platform preinstalled on most TVs manufactured by Hisense, considered one of the top TV manufacturers in the world, and also integrated into a number of premium original equipment manufacturers (OEM), including Toshiba.The partnership enables…
Mercia Asset Management announces direct investment in Forensic Analytics
LONDON, UK: Mercia Asset Management has completed a £1.8 million direct investment into a new portfolio company Forensic Analytics Limited alongside a £2.7million investment by the Mercia managed Northern VCTs. Mercia Asset Management is the proactive, regionally focused specialist asset manager with c.£940million of assets under management. Following this investment, Mercia holds an 8.9% fully…
Xlife Sciences elected as Innovation Partner for Saudi Arabia
LONDON, UK: Xlife Sciences AG has signed a strategic partnership with the development organization Peace City World as part of the Vision 2030 future program. Peace City World is the official developer of four Smart Cities in Saudi Arabia and Tunisia as well as part of Vision 2030. The program was launched by the Saudi…
Simon Smith appointed Managing Director of eEnergy
LONDON, UK: eEnergy Group announced the appointment of Simon Smith as Managing Director of its Energy Efficiency Division, effective 1 November 2021. Simon has a proven track record of creating high-performing teams and delivering above-target sales growth through innovative solutions across a range of industries including energy, telecoms, procurement and IT. In this newly created…