STAVANGER, NORWAY: Norsk Solar AS is signing today a Power Purchase Agreement (PPA) with Órigo Energia as the power purchaser of the first solar PV power plant within a portfolio of 12 solar projects that will have a total capacity of 37 MW. The initial plant will produce 6MW of clean power. “This is an…
Infratil buys majority stake in Kao Data for £130mn
AUCKLAND, NEW ZEALAND: Infratil Limited will buy 40% stake in London data centre business Kao Data in a £120-130 million deal. Infratil will obtain a 40% stake alongside current owners, Legal & General Group, one of Europe’s largest asset managers, and Goldacre, founder of Kao Data and part of the Noé Group, a family run…
FW Thorpe acquires majority stake in Spain-based Zemper
LONDON, UK: FW Thorpe announced the acquisition of 63% of the share capital of Electrozemper S.A. (Zemper) in Spain, a specialist in emergency lighting for a range of different sectors and territories. The acquisition is expected to enhance earnings per share in the financial year ending 30 June 2022, as well as complementing the FW…
Grizzly Research trying to manipulate stock prices: Peak Fintech
MONTREAL, QUEBEC: Peak Fintech Group has termed the report by Grizzly Research as baseless aimed at manipulating the market. Peak Fintech Group, an innovative Fintech service provider and manager of the Cubeler Business Hub, addressed a baseless and irresponsible report produced by Grizzly Research in which Grizzly Research alleges that Peak Fintech has misappropriated millions…
TechFinancials selling Cedex Holdings to Lem Management
LONDON, UK: TechFinancials Inc. has entered into a Share Purchase Agreement to sell its 99.84% owned subsidiary, Cedex Holdings Limited to Lem Management Limited. According to the terms of the agreement, TechFinancials will be entitled to future consideration upon the buyer succeeding to raise US$20 million in a single or series of related transactions, for…
Simplifai signs milestone deal in the Dutch insurance market
AMSTERDAM: Elop’s AI business unit, Simplifai, signs leading claims processor “Van Ameyde Group” for operations in Dutch insurance market and throughout Europe. This is another major win for Simplifai in the Dutch insurance market proving the potential of AI and Digital Employees. Van Ameyde is the European market leader in claims management, loss adjusting and…
Huawei appoints Steven Yi regional president for Middle East
DUBAI, UAE: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, has announced the appointment of Steven Yi as President for the Middle East at Huawei. In his role, he will work with both regional and global ICT ecosystem partners towards Huawei’s vision to bring digital to every person, home,…
EFG Hermes partners Microsoft to accelerate digital transformation
CAIRO, EGYPT: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), and Microsoft announced a strategic cloud partnership aimed at accelerating the firm’s digital transformation and shaping the future of innovation in the financial services industry, a statement said. The companies will strike a unique collaboration to unlock the opportunities that Microsoft’s…
Ghani Global to sell Ghani Chemical Industries shares in IPO
KARACHI, PAKISTAN: Ghani Global Group will sell around 50 per cent shares in its subsidiary Ghani Chemical Industries Limited (GCIL) through an initial public offering (IPO) at Pakistan Stock Exchange (PSX), to fund Rs8.5 billion ($49.7 million) expansion. The Board of Directors of Ghani Chemical Industries Limited, one of the subsidiary companies and the largest…
Sanolium AB announces Rami Avidan as new CEO
STOCKHOLM, SWEDEN: Sanolium AB, parent of the Cambio Group operating entities, today announced that its Board of Directors has named Rami Avidan as Chief Executive Officer with effect from 4th of October 2021. Rami Avidan has extensive experience from the tech industry where he has successfully led large and complex product organizations. Most recently Rami…
Vortex Energy to inject over €625 million into Ignis Energy
MADRID, SPAIN: Vortex Energy, a global renewable energy platform managed by the private equity arm of EFG Hermes, has entered into a definite agreement with Ignis Energy Holdings, parent company of Spanish independent integrated renewable player Ignis Group. Vortex Energy will inject over €625 million through its newly launched Vortex Energy IV Fund and its…
Mirriad and SpringServe to scale dynamic in-content advertising
LONDON, UK: Mirriad Advertising, the leading in-content advertising company, today announced it is working with Magnite’s SpringServe, the leading ad serving platform for over-the-top (OTT) and connected TV (CTV), to bring scale and automation to the in-content advertising format via programmatic ad campaigns. Mirriad’s patented, AI and computer vision technology dynamically ‘inserts’ adverts into empty…