LONDON, UK: Mode Global Holdings Plc has now formally signed with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally. This follows the Memorandum of Understanding (MOU) that was previously announced on June 14. Mode will be available to use when paying at THG brands starting from the end of…
Blackbird has received the Green Economy Mark from the London Stock Exchange
LONDON, UK: Blackbird plc, the developer and seller of the market-leading cloud native video editing platform, Blackbird, is pleased to announce that it has received the London Stock Exchange‘s Green Economy Mark. Blackbird’s patented, cloud native solution allows companies to edit and publish content faster in the cloud whilst removing the need for extra storage…
Caledonia Mining considers listing on the VFEX
ST HELIER: Caledonia Mining Corporation Plc is commencing the process of pursuing a listing of depositary receipts representing the Company’s shares on the Victoria Falls Stock Exchange (VFEX) in Zimbabwe. Such a listing would be conditional upon market conditions and the implementation of positive proposals made by the Zimbabwe authorities in respect of improved payments…
DP World acquires Imperial Logistics for $890 million
DUBAI, UAE: DP World has entered into a transaction implementation agreement regarding cash offer of ZAR66 per share to acquire all outstanding shares of JSE listed Imperial Logistics, implying an equity consideration of c.ZAR 12.7bn (c.USD890mn). This offer represents a premium of 39.5% to the Imperial’s share price as of 7th July 2021 and a 34.2% premium to the…
Telenor Group sells Telenor Myanmar to M1 Group for $105 million
OSLO, NORWAY: Telenor Group has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million, of which $55 million is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately $600 million. M1 Group will…
AMP Limited sells AMP Capital GEFI business to Macquarie for A$185 million
AUCKLAND, NEW ZEALAND: AMP Limited has entered into a binding agreement with Macquarie Asset Management to sell AMP Capital’s Global Equities and Fixed Income (GEFI) business for a consideration of up to A$185 million. The sale delivers on AMP Capital’s strategy to focus on high-growth opportunities in private markets across real estate, infrastructure and associated…
Ergon Capital acquires Summa
BRUSSELS, BELGIUM: Ergon Capital has acquired Summa alongside management from Gimv, a news release said. In 2016, Gimv acquired a majority stake in Summa alongside the management team. Summa expanded quickly by establishing its own organization in the US (2017), expanding organically its flatbed product portfolio, entering the market of laser cutting for textiles through…
Aegon to repurchase EUR 133 million worth of shares to neutralize final payout
AMSTERDAM, NETHERLANDS: Aegon announced that it will repurchase common shares for an amount of EUR 133 million to neutralize the dilutive effect of both its 2020 final stock dividend and certain share-based variable compensation plans for senior management. Shareholders were given the opportunity to choose between receiving the 2020 final dividend of EUR 0.06 per…
Nordic Unmanned signs MOU with OMNI Taxi Aereo
OSLO, NORWAY: Nordic Unmanned has signed a Memorandum of Understanding (MOU) with OMNI Taxi Aereo (OTA), a leading Brazilian air transport operator providing aeromedical assistance, offshore, and fixed wing charter services. Their largest segment is oil and gas clients, and their customer list includes names like Petrobras, Total, Repsol and ExxonMobil. Knut Roar Wiig, CEO…
Kongsberg sings EUR 49m contract with COSCO to deliver wind turbine installation vessel technology
OSLO, NORWAY: Kongsberg Maritime (KM) has signed contracts totalling EUR 49m with the Chinese shipbuilder COSCO Shipping (Qidong) Offshore for the delivery of its industry-leading Wind Turbine Installation Vessel (WTIV) technology. The agreement will see KM supply comprehensive technology packages for two new NG-20000X WTIVs, which COSCO is constructing for the Denmark-based service provider Cadeler….
Avance signs $104 million sustainability-linked financing
BERMUDA: Avance Gas Holding Ltd has signed and completed the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. The transaction will secure financing of the two first dual fuel newbuildings, Avance Polaris and Avance Capella, scheduled for delivery in Q4 2021 and Q1 2022. The facility has a maturity…
Volue ASA acquires German ProCom GmbH
OSLO, NORWAY: Volue ASA has acquired German ProCom GmbH (ProCom) to strengthen its position as the leading provider of sustainable technology solutions to the European energy sector, a news release said. “We are pleased to announce the investment in ProCom to strengthen our European offering further. ProCom has a strong heritage as a family business…