OSLO, NORWAY: Smartoptics Group, which has grown 27 percent yearly since 2017, goes public on Euronext Growth in Oslo, following a successful private placement raising gross NOK 100 million in new equity, enabling a continuation of the company’s strong organic growth. “The IPO is a milestone in Smartoptics’ history. We have over the last year…
Nosto acquires Stackla
SYDNEY, AUSTRALIA: Technology expansion capital fund Bailador Technology Investments Limited announced its portfolio company Stackla has been acquired by Nosto, an AI-powered e-commerce personalization platform in a predominately share-based transaction. Nosto enables retailers to deliver a personalised digital shopping experience at every touch point and across every device. Nosto works with brands in more than…
IMCD acquires Shanghai Yuanhe Chemicals in china
ROTTERDAM, NETHERLANDS: IMCD N.V., a leading distributor of speciality chemicals and ingredients, has acquired Shanghai Yuanhe Chemicals Co., Ltd to expand its presence in China, a news release said. Shanghai Yuanhe, established since 2003, is a specialty coatings, textile, and ink solution distributor for the China market. It generated a revenue of EUR 13.2 million…
Danish firms evaluate forming JV in Pakistan, it’s listing on PSX
VEJLE, DENMARK: Two Danish companies are evaluating owning a joint venture company, which would offer initial share sales on Pakistan Stock Exchange (PSX), to establish a water heating and purification products production and sales capacity in Pakistan. Green Impact Ventures’ subsidiary Waturu ApS, has entered into an LoI with a Danish company with the objective…
Harborside signs agreement to acquire Sublime Inc. for $43.8 million
OAKLAND: Harborside Inc. has signed a definitive agreement to acquire 100% of the issued and outstanding equity of Sublimation Inc., an award-winning cannabis manufacturing company located in Oakland, CA, for a total consideration of US$43.8 million, a news release said. The acquisition is expected to close, subject to customary closing conditions, in July 2021. Founded…
ESPL and REDtone Digital Services bring electronic gaming to Pakistan
KARACHI, PAKISTAN: ESPL, one of the world’s largest esports firms, has partnered with REDtone Digital Services (RDS), to bring electronic gaming to Pakistan, a news release said. By focusing on grassroots tournaments, they will be bringing in massive gaming titles like PUBG Mobile, Valorant, Mobile Legends, etc, officially to the Pakistani audiences. It is a…
Mutares SE & Co. agrees to acquire Permasteelisa España
MUNICH: Mutares SE & Co. has signed an agreement to acquire Permasteelisa España from Permasteelisa Group, a news release said. The acquisition is an add-on investment for the existing portfolio company Donges Group and the first transaction for Mutares in Spain. The transaction is expected to close in the third quarter 2021. Permasteelisa España’s main…
Bitcoin Latinum to launch hard-fork and public trading availability in Q3 2021
LONDON, UK: Bitcoin Latinum has announced its hard-fork and public trading availability for Q3 2021. Bitcoin Latinum is the next-generation insured Bitcoin fork capable of massive transaction volume, digital asset management, cyber security, and capacity. It also announced a groundbreaking green initiative to achieve a carbon net-zero footprint, as a commitment to sustainable environmental practices…
Standard Chartered’s SC Ventures and BC Group partner to launch digital asset trading platform
LONDON, UK: SC Ventures, the innovation and ventures unit of Standard Chartered, and BC Technology Group have partnered to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe, a news release said. BC Group Chief Information Officer Usman Ahmad will be CEO of the new company,…
NOVATEK and Glencore sign Heads of Agreement on LNG Supply
SAINT-PETERSBURG: The Agreement established the key commercial terms for the long-term supply in excess of 0.5 million tons of LNG per annum from the Arctic LNG 2 project. The LNG will be delivered to a number of locations in East Asia. “The market for LNG in the Asia Pacific region has fully recovered from the…
CEO Arise AB Daniel Johansson resigns
STOCKHOLM, SWEDEN: Daniel Johansson has notified the board of directors of his intention to resign as CEO of Arise AB (publ.), a news release said. He will remain available to the company for six months. Daniel Johansson has been CEO of Arise since January 2016. The process of recruiting a successor will begin immediately to…
Fix Price opens its 4,500th store
MOSCOW, RUSSIA: Fix Price, the largest variety value retail chain in Russia and one of the leading variety value retailers in the world, announced the opening of its 4,500th store. Over the first five months of 2021, the Company opened 333 retail outlets, including the first Fix Price stores in the towns of Gubkinsky (Yamalo-Nenets…