OSLO, NORWAY: Handelsbanken has initiated the process to divest its operations in Denmark and Finland, markets that account for 10% of the income, 13% of the costs, and 8% of the operating profit within the group. The capital allocated to the operations in Denmark and Finland amounts to a total of approximately SEK 15 billion….
i2S renforce sa capacité d’innovation dans la Vision intégrée
i2S, spécialiste de la capture et du traitement d’images depuis plus de 40 ans, annonce l’acquisition de la société d’imagerie sous-marine ORPHIE.L’acquisition d’ORPHIE s’inscrit pleinement dans l’orientation annoncée dans le plan stratégique 2019- 2023 de capitaliser sur le savoir-faire d’i2S en vision intégrée, pour se spécialiser dans des domaines d’application de l’imagerie avec des solutions…
Hochschild Mining to spin out Aclara Resources, IPO on TSX
ONTARIO, TORONTO: Hochschild Mining PLC announced its intention to demerge shares representing 80% of the entire issued share capital of Aclara Resources Inc., its indirect wholly-owned subsidiary. As well as demerging Aclara from the group, Aclara will seek to have listed on the Toronto Stock Exchange (TSX) its entire issued share capital. The demerger is…
Orascom Construction evaluates acquisition Sawiris Family business
DUBAI, UAE: Orascom Construction announced the Board of Directors approved management’s proposal to evaluate the potential acquisition of a leading equipment importation, distribution and services business in Egypt owned by Sawiris Family. Founded by the late Onsi Sawiris over 30 years ago, the target company is wholly owned by the Sawiris Family and operates independently…
Dubai Investments inks AED 1bn beachfront development deal with Marjan
DUBAI, UAE: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), has signed an agreement with Marjan – the master-developer of freehold properties in Ras Al Khaimah, to acquire land to develop a dynamic mixed-use beachfront residential, beach resort and lifestyle destination on Al Marjan Island with stunning views of…
Innovative Eyewear plans IPO in U.S.
LONDON, UK: Tekcapital Plc announced that Innovative Eyewear Inc., a U.S. operating subsidiary of its portfolio company Lucyd Ltd, submitted a draft registration statement on a confidential basis with the U.S. Securities and Exchange Commission, for a proposed initial public offering (IPO) of shares of its common stock in the United States. Tekcapital currently owns…
Byggfakta Group acquires Finland based Forecon
STOCKHOLM, SWEDEN: Byggfakta Group has signed an agreement to acquire 100 per cent of Forecon, a provider of business intelligence to the Finnish construction industry. With the acquisition, Byggfakta Group further broadens its offering in Finland. Forecon, founded in 2013 and headquartered in Tampere, is a Finnish research and expert services company specializing in monitoring…
The Kingfish Company signs strategic retail partnership in Italy
OSLO, NORWAY: The Kingfish Company announced a new partnership with leading European retailer Conad in Italy. In a recent business update for Q3, The Kingfish Company announced record sales, record volumes and an increase of capacity. In parallel and in line with the company’s ongoing ambitions to increase distribution and grow demand for its high-value…
CMA plans probe into music streaming market
LONDON, UK: The Competition and Markets Authority (CMA) has announced its intention to launch a market study into music streaming. Following discussion by the CMA Board, the Competition and Markets Authority (CMA) will now carry out work to consider and develop the final scope of the market study, before formally launching it as soon as…
Ecoslops signs strategic partnership with Mercuria Energy Group
PARIS, FRANCE: Ecoslops has signed an agreement with Mercuria Energy Group, one of the largest global independent energy traders with a presence in 50 countries and more than US$100 billion of revenue. Ecoslops and Mercuria will work jointly on a feasibility study for developing collection and recycling port infrastructure in the Middle East and South…
Augmentum Fintech makes £10 million investment into Zopa
LONDON, UK: Augmentum Fintech plc, the UK’s only publicly listed investment company focussing on the fintech sector, is making a further £10 million investment into digital bank Zopa, as part of Zopa’s latest funding round. Zopa’s £220 million round is being led by SoftBank Vision Fund 2 with participation from Chimera Abu Dhabi, and is…
Alan Linn resigns as CEO of Providence Resources
DUBLIN, IRELAND: Providence Resources announced that Alan Linn, Chief Executive Officer and Director, is stepping down from the Board, and all subsidiary companies with effect from October 18th, 2021. Alan Linn commented: “I have decided to step down from the Board to devote more time to my other business interests. Following the recent strategic decision…