MANAMA, BAHRAIN: Al Salam Bank-Bahrain has signed a memorandum of understanding and entered into discussions with Ithmaar Holding to acquire a group of assets from Ithmaar Holding’s group of companies, a bourse filing said on Sunday. Al Salam Bank is keen to maintain its growth trajectory and these discussions with Ithmaar Holding on a potential…
Benefits and Drawbacks of Virtual Private Server Hosting
Server virtualization has been trending for some years now and it is a fact that it brings several advantages to all who want resource savings and more efficient IT administration. Besides, it is also a green technology. The concept of server virtualization includes taking a physical server and partitioning or separating the server by using…
UK’s CDC backs Fatima Gobi Ventures’ Pakistan-focused fund
KARACHI: CDC Group (CDC), the UK’s development finance institution and impact investor, has made an anchor investment in Techxila Fund I, a fund managed by local venture capital (VC) firm Fatima Gobi Ventures (FGV). CDC’s commitment will help to boost Techxila Fund I’s investments in Pakistan-focused early stage startups, helping to drive transformational impact and…
TotalEnergies doubles its recycling production capacity in France
PARIS, FRANCE: TotalEnergies is doubling its mechanical recycling production capacity for recycled polymers, to meet growing demand for sustainable polymers from customers, such as Automotive Manufacturer (Auto OEM) and the construction industry. TotalEnergies has inaugurated the extension of Synova in Normandy, the French leader in recycled polypropylene production. Moving the circular economy forward Plastics are…
Orano acquires Daher’s nuclear activities in Germany and United States
PARIS, FRANCE: Orano Nuclear Packages and Services (Orano NPS) has acquired Daher group’s German nuclear activities, Daher Nuclear Technologies Gmbh (DNT) and its United States subsidiary TLI Inc. The planned acquisition, which was the subject of an agreement signed on March 4, 20211, has been pending the usual authorizations, in particular with regard to foreign…
Riikka Kivimäki, CEO of Oscar Software resigns
HELSINKI, FINLAND: Riikka Kivimäki, the current CEO of Panostaja´s investment target Oscar Software, has resigned from her position and will move to other position outside the company. The Company’s Board of Directors has launched the application process for a new CEO. Riikka Kivimäki will continue in her work until the start of the new CEO,…
Akobo Minerals receives large scale gold mining license
OSLO, NORWAY: At a signing ceremony on the 30th of September 2021, Akobo Minerals received its large scale mining license from His Excellency Eng. Takele Uma – Minister for Mines and Petroleum. The award allows the company to begin mine development activities leading to eventual gold production. The ceremony at the ministry offices involved the…
DigitalX completes $1.89mn acquisition of Sell My Shares
SYDNEY, AUSTRALIA: DigitalX Limited has finalised the acquisition of Sell My Shares (www.sellmyshares.com.au), a leading online share trade execution business as announced on 16 September 2021. The company has made the upfront cash consideration payment of $1.64 million to the vendor and the deferred consideration payment of $250,000 has been transferred to a trust account…
Energy trading software provider to acquire EGSSIS for €4.25mn
SYDNEY, AUSTRALIA: Energy One, global supplier of Energy Trading and Risk Management (ETRM) software systems and services, has signed a share purchase agreement to acquire 100% of EGSSIS. The cost of acquisition is €4.25 million over 18 months. Based in Belgium, EGSSIS is an established, profitable company. The acquisition will be funded using existing facilities,…
Kalera completes &ever acquisition and remaining JV interest from Nox
OSLO, NORWAY: Kalera AS has completed the acquisition of &ever GmbH and announced the acquisition of the remaining 50% of &ever GmbH’s Kuwait joint venture. Reference is made to the announcement made by Kalera on 11 August 2021 in which the Company announced the acquisition of &ever GmbH to form a global leader in the…
Exscientia IPO priced at $304.7mn, notifies $160mn placements
LONDON, UK: Frontier IP’s portfolio company Exscientia plc has announced today the pricing of its initial public offering (IPO) of 13.85 million American Depositary Shares (ADSs) at a public offering price of $22 per ADS. Exscientia has raised gross proceeds of approximately $304.7 million. In addition, Exscientia announced the concurrent sale of an additional 7.272…
Gresham House completes acquisition of Mobeus VCT business
LONDON, UK: Gresham House, the specialist alternative asset manager, announces the completion of the acquisition of the Venture Capital Trust (VCT) business of Mobeus Equity Partners LLP, announced on 10 September 2021. Mobeus is a UK-based investment firm managing assets across two distinct client groups, one of which is the VCT business being acquired by…