LAHORE, PAKISTAN: HB International has signed a contract with EAST Satellite Holdings Pty Ltd for a hybrid ultra-high throughput geostationary satellite over Pakistan through ESRA, a new division. HB International is a major Pakistan-based conglomerate with prominent telecommunications interests. The newWAVE satellite by EAST will deliver 80Gpbs capacity in Ku and Ka band frequencies making…
S&P revises the outlook of Akropolis Group’s credit rating BB+ to stable
LONDON, UK: The international credit rating agency S&P Global Ratings (S&P) has positively revised the credit rating outlook of Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic countries. S&P announced on 26 October that it had revised the BB+ outlook on the issuer’s long-term credit rating to stable,…
Ikano Bank to buy consumer finance portfolio of Basisbank
MALMÖ, SWEDEN: Ikano Bank AB has entered into an agreement to buy Basisbank A/S consumer finance portfolio representing approximately 2 billion DKK (270 million EUR) in loan book value. Following regulatory approvals, the transaction will significantly grow Ikano Bank’s consumer lending business in Denmark, since Basisbank’s loan book makes up almost 10% of the 25…
Fertiglobe, first free zone company, commences trading on ADX
AMSTERDAM: Fertiglobe has become the first free zone company to list onshore in the UAE, with trading in the shares to commence on the Abu Dhabi Exchange (ADX) on Wednesday. The Initial Public Offering (IPO) was oversubscribed more than 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). OCI…
Microsaic Systems launches technology for scaling drug manufacturing
LONDON, UK: Microsaic Systems announced the immediate roll-out of its compact Mass Spectrometry (MS) technology integrated with autosampler and separation technology, wrapped in closed-loop (automated) control software, for use in the scale-up and operation of drug manufacturing. These monitoring solutions are targeted at contract research and manufacturing organisations (CRMO), integration partners and biopharmaceutical companies who…
Restore plc acquires The Document Warehouse for £6.5mn
LONDON, UK: Restore plc has acquired 100% of the share capital of The Document Warehouse in the UK (TDW), for a cash consideration of £6.5 million. The Document Warehouse (TDW) is an established records management business located in Sittingbourne, Kent, with c.124k boxes under management and generating annual revenue of c.£550k. Importantly, the business has…
StoryToys announces New LEGO DUPLO MARVEL Collaboration for Preschool App
LONDON, UK: Team17 announced that StoryToys (a wholly-owned subsidiary of Team17), the LEGO Group and Marvel Entertainment are bringing the fun and excitement of the LEGO DUPLO brand and Marvel Universe to preschoolers with the unique LEGO DUPLO MARVEL mobile app. The LEGO DUPLO MARVEL app will allow preschoolers to join Spidey, Captain America, Ghost-Spider, and other heroes…
Abcam Plc completes $340 million acquisition of BioVision
CAMBRIDGE, UK: Abcam plc, a global leader in the supply of life science research tools, has completed its acquisition of BioVision Inc from Boai NKY Medical Holdings Ltd. for total consideration of $340 million. The acquisition accelerates execution of Abcam’s strategic growth plan, enhancing in-house innovation and adding scale in the complementary biochemical and cellular…
Cheryl MacDiarmid appointed to Board of Allergy Therapeutics
LONDON, UK: Allergy Therapeutics announced the appointment of Cheryl MacDiarmid as a Non-Executive Director of the Company, with effect from 27 October 2021. Upon appointment Cheryl will also become a member of the Audit Committee. Cheryl MacDiarmid has more than 25 years’ experience in commercial roles within the global pharmaceuticals sector. She brings significant marketing,…
Phoenix Copper acquires Empire Mine royalty and mining claims
LONDON, UK: Phoenix Copper Ltd has entered into agreements with Honolulu Copper Corporation and Mackay LLC to acquire part of the 2.5% royalty payable to each of them, and the Honolulu mining claims, pursuant to the Mining Leases on the Empire Mine in Idaho, USA. Pursuant to the terms of the Agreements, Phoenix has acquired…
Softline announces pricing of London Stock Exchange IPO at $7.5/GDR
LONDON, UK: Softline, a leading global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London, today announces the final offer price for its initial public offering at USD 7.50 per GDR and listing of global depositary receipts (GDRs) representing ordinary shares of the Company on the London Stock Exchange. Based…
HomeServe acquires CET Structures for £53 million
LONDON, UK: HomeServe Plc, the international home repairs and improvements business, has completed the acquisition of CET Structures Ltd, a leading, digitally-enabled UK home emergency assistance business, for c.£53 million. The transaction brings together two well-positioned, complementary businesses – HomeServe UK in home assistance cover and CET in home emergency assistance. In combination, they serve…