OSLO, NORWAY: Zwipe and Credit Card Management (CCM), one of the leading card payment service providers in Lebanon are partnering to bring Zwipe Pay ONE biometric payment cards to banks in Lebanon. Founded in 1994, Credit Card Management (CCM) has grown to become a well-recognized brand in the card payments both in Lebanon and the…
Elop enters partnership with US-based robotic company ICM
OSLO, NORWAY: Elop Technology has entered into an agreement with ICM (International Climbing Machines) that secures Elop the rights to combine its ultrasound scanner for inspection of concrete infrastructure with ICM’s suction-held climbing robots. “ICM’s patented, suction-held and remote-controlled robots has radically changed how elevated height work is performed. By combining Elop’s ultrasound scanner with…
Mutares completes acquisition of Innomotive Systems Hainichen
MUNICH: Mutares SE & Co. has successfully completed the acquisition of Innomotive Systems Hainichen GmbH. The acquisition strengthens the Automotive & Mobility segment and has numerous synergies with the portfolio company KICO GmbH. “Especially these kinds of transactions we want to increase after a successful Capital Increase, as I am convinced that inorganic growth at…
TotalEnergies, GIG and RIDG bid for 2GW offshore wind project in Scotland
PARIS, FRANCE: A consortium of TotalEnergies, Macquarie’s Green Investment Group (GIG) and Scottish developer RIDG announced their bid for an offshore wind project in an area west of the Orkney Islands. The two-gigawatt proposal – named the West of Orkney Windfarm – has the potential to power more than two million homes and is currently…
SSE Renewables enters into Japanese offshore wind market
LONDON, UK: SSE Renewables has signed an agreement with Pacifico Energy, one of Japan’s largest developers of renewable energy, to create a joint ownership company that will pursue offshore wind energy development projects in Japan. The move to enter Japan’s growing offshore wind market will help support the further expansion and diversification of SSE Renewables’…
Cultivated meat company, Agronomics sells its holding in Oritain Global
LONDON, UK: Agronomics Limited, the leading listed alternative proteins company focused on cellular agriculture and cultivated meat, announced the disposal of its total holding of 40,000 shares in Oritain Global Limited for NZ$ 1.36 million (approximately £0.7 million), representing an IRR of 74%. Agronomics invested in Oritain in December 2019. The proceeds will be used…
Tharisa Plc announces decarbonisation targets
LONDON, UK: Tharisa Plc has announced decarbonisation targets envisaging 30% reduction in emissions by 2030, carbon net neutral by 2050. The platinum group metals (PGMs) and chrome co-producer dual-listed on the Johannesburg and London stock exchanges, has been reviewing its operations with respect to establishing a corporate plan to reduce its carbon emissions while continuing…
Network International buys African payments platform, DPO
LONDON, UK: Network International has completed the acquisition of DPO Group against the final purchase consideration of $291.3 million. The consideration includes agreed completion adjustments, which will be satisfied through payment of a cash amount of $228.6 million with the balance through the issuance of Network International shares at a reference price of 410p, subject…
Downing Renewables & Infrastructure Trust to sell shares worth £25mn
LONDON, UK: Downing Renewables & Infrastructure Trust announced intention to raise new capital by conducting a placing of up to 24.499 million new ordinary shares of £0.01 each at a price of 102.50 pence per share to raise up to c.£25 million. The placing will be conducted by way of a bookbuilding process. The core…
Option Granted to Castillo Copper to acquire Litchfield and Picasso Lithium Projects
SYDNEY, AUSTRALIA: Cadence Minerals announced that Castillo Copper has entered into a 90-day option agreement with Lithium Technologies (LT) and Lithium Supplies (LS), in which Cadence owns a 29% shareholding, to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects in the Northern Territory (NT) and Western Australia (WA) respectively. Highlights: · ASX and London listed Castillo has a 90-day option to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects. · Consideration for 100% of the holding companies which hold these assets (plus others) is up to AUS$ 3 million in equity of Castillo. · Castillo is an Australian-based explorer primarily focused…
AstraZeneca to fully acquire Caelum Biosciences
LONDON, UK: AstraZeneca‘s Alexion has exercised its option to acquire all remaining equity in Caelum Biosciences for CAEL-101, a potentially first-in-class fibril-reactive monoclonal antibody (mAb) for the treatment of light chain (AL) amyloidosis. AL amyloidosis is a rare disease in which misfolded amyloid proteins build up in organs throughout the body, including the heart and…
Kin and Carta divests Incite to Srat7 for £18 million
LONDON, UK: Kin and Carta plc, the international digital transformation consultancy, has divested Incite Marketing Planning Limited and Incite New York LLC (together, Incite) to Strat7, a leading provider of strategic marketing and planning services. Incite provides research, planning and strategic consultancy services for clients ranging from insight professionals and marketing leaders through to the…