LONDON, UK: Dispersion Holdings, an incubator specialising in decentralised finance (DeFi), has proposed acquisition of Accru Finance Ltd, which plans to launch the first internationally-regulated and insured platform for the trading and yield farming of cryptocurrencies, for a consideration of £8.75m to be satisfied by the issue of 250 million new ordinary shares in Dispersion….
Bigben acquires Metronic for up to €16 million
PARIS, FRANCE: Bigben Group has completed of the acquisition of Metronic within its Audio/Telco Division. Metronic is the European leader in image processing with a strong position in connected audio-video. Founded in 1987 by Yves Bouget, Metronic, a recognized player in its sector, designs and distributes innovative products for broadcasting and receiving images in the…
Aventus proposes merger with HomeCo Daily Needs REIT and Home Consortium
Sydney, Australia: Aventus Group has entered into a Scheme Implementation Deed (SID) with HomeCo Daily Needs REIT and Home Consortium. Pursuant to the SID, Aventus securities, the current stapled structure comprising a unit in the Aventus Retail Property Fund (ARPF) and a share in Aventus Holdings Limited (AHL), will be unstapled and ARPF will merge…
DGL Group acquires Shackell Transport for &8.9 million
AUCKLAND, NEW ZEALAND: DGL Group Limited announced the strategic acquisition of Shackell Transport Pty Ltd for a total acquisition price of $8.9 million. The price includes $7.8 million in cash and the issue of 506,912 fully paid ordinary shares in the capital of DGL. DGL is a specialist chemicals business that manufactures, transports, stores and…
HUB24 to acquire Class Limited for $386 million
Sydney, Australia: HUB24 Limited and Class Limited entered into a Scheme Implementation Deed (SID) for the acquisition by HUB24 of 100% of the ordinary shares in Class Limited. Class shareholders will receive 1 ordinary HUB24 share for every 11 ordinary Class shares held, plus $0.10 per ordinary Class share. The implied total consideration of $386…
Jonathan Rubinsztein resigns as CEO & MD of Infomedia Ltd
SYDNEY, AUSTRALIA: Infomedia Ltd announced that Jonathan Rubinsztein has tendered his resignation as CEO & Managing Director and the Board has accepted. Non-Executive Director, Jim Hassell will step in as an interim CEO effective immediately while a competitive search commences for a permanent replacement. Mr Rubinsztein, who has a proven record of leading high-performance teams…
All you need to know about cheap CBD gummies
Gummies are a fascinating way of consuming CBD. Any rise in CBD gummy sales also has to do with market negotiations and ease of use for consumers. More and more online vendors are beginning to sell CBD at reasonable and affordable prices. The appropriate pricing makes this mode well-liked compared to other options, like oils,…
ADNOC distribution continues expansion in northern emirates
SHARJAH, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, has continued its expansion in the Northern Emirates with two further openings in Sharjah, the Al Talaaa and Al Madean stations, both located in the Industrial Area. The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience…
ADNOC Drilling approves business growth plan, inclusion in FTSE Indices
ABU DHABI, UAE: The inaugural ADNOC Drilling Board meeting was chaired by Dr. Sultan Ahmed Al Jaber, ADNOC Managing Director and Group CEO, as well as ADNOC Drilling Chairman, approved ADNOC Drilling’s ambitious five-year business growth plan for 2022 to 2026, as well as the 2022 budget. These key approvals reinforce ADNOC Drilling’s integral position…
GFH intends to acquire 21.03% stake in Khaleeji Commercial Bank
DUBAI, UAE: GFH Financial Group has expressed intention to make an offer to acquire up to 187.589 million ordinary shares representing 21.03% stake in Khaleeji Commercial Bank. This acquisition will result in GFH owning 100% of Khaleeji. GFH (acting in concert together with its subsidiary, KHCB Asset Company) holds 616.057 million shares representing 69.06% of…
Atos joins Catena-X, the automotive industry network across Europe
PARIS, FRANCE: Atos is now a member of Catena–X, an open, scalable European network, based on the GAIA-X cloud infrastructure initiative, which aims to enable secure cross-company data exchange across the automotive industry to improve efficiency, accelerate innovation and decarbonization, and thereby strengthen the competitiveness of the European automotive industry. Atos, founding and Board member of GAIA-X, will be joining leading automotive manufacturers…
Turkish Petroleum awards $750mn offshore contract to Schlumberger, Subsea 7
LUXEMBOURG: Turkish Petroleum has awarded a major contract (over $750 million) to Subsea 7 S.A. for the Sakarya field development offshore Turkey in the Black Sea. The award was announced in redacted form on 29 September 2021 and the contract was recorded in the backlog of Subsea and Conventional in the third quarter. The contract…