OSLO, NORWAY: LINK Mobility is in exclusive negotiations to acquire a leading US based CPaaS provider, to accelerate LINK’s strategic expansion into the rapidly growing CPaaS market in North America. The proposed acquisition will add an estimated NOK 232 million and NOK 143 million to LTM pro forma 1Q21 gross profit and cash EBITDA respectively….
VH Global Sustainable Energy Opportunities completes $4m acquisition in Brazil
LONDON, UK: VH Global Sustainable Energy Opportunities plc – a £243m London-listed Investment company advised by Victory Hill Capital Advisors LLP – is pleased to announce the completion of its acquisition of the first $4m tranche out of its $63m commitment. The initial tranche will fund the construction of four projects across Rio de Janeiro,…
Sound Energy signs agreement to acquire Schlumberger Silk Route Services Limited in a profit sharing deal
LONDON, UK: Sound Energy plc has entered into a sale and purchase agreement with Schlumberger Holdings II Limitedto acquire the entire issued share capital of Schlumberger Silk Route Services Limited (SSRS). Schlumberger Silk Route Services Limited (SSRS) holds a 27.5% participating interest in the Anoual and Greater Tendrara exploration permits in Eastern Morocco together with…
JLEN acquires Cramlington Renewable Energy Developments Ltd
LONDON, UK: JLEN Environmental Assets Group Limited announced the acquisition of a 100% equity stake in Cramlington Renewable Energy Developments Ltd (CRED), which owns a Biomass Combined Heat and Power plant and its underlying contracts. The acquisition of CRED, for an undisclosed amount, was made on a debt-free basis and represents JLEN’s first investment into…
Bremworth signs up to New Zealand Farm Assurance Programme
AUCKLAND, NEW ZEALAND: Kiwi carpet manufacturer, Bremworth, has signed up to the New Zealand Farm Assurance Programme (NZFAP), signalling its support for and adoption of a national wool standard. NZFAP provides assurance to consumers about the integrity, traceability, biosecurity, environmental sustainability, and animal health and welfare of New Zealand’s primary sector products. Bremworth joins 20…
CEO of Livestock Improvement Corporation to step down
AUCKLAND, NEW ZEALAND: Livestock Improvement Corporation (NZX: LIC) Chief Executive Wayne McNee has advised the Board of his intention to step down on 30 November after eight years in the role. Livestock Improvement Corporation (LIC) Chair Murray King said that through a significant business transformation Wayne McNee has contributed to sustained growth and development of…
SHUAA to launch new digital wealth platform to serve high net worth individuals
DUBAI, UAE: SHUAA Capital psc announced its intention to launch a new Digital Wealth Platform to serve existing clients as well as the next generation of investors. To steer the company’s innovative and ambitious digital proposition, which will operate as an independent fintech platform, SHUAA has appointed ex-Visa and Google alumnus, Hadi Raad, in the…
Financial strength of Blue Cross Life Insurance of Canada under review with negative implications
OLDWICK: AM Best has recorded negative implications for the Financial Strength Rating of Blue Cross Life Insurance Company of Canada (BCLIC) after it selected an investment manager facing fraud investigations. AM Best has recorded negative implications for the Financial Strength Rating of Blue Cross Life Insurance Company of Canada (BCLIC) and placed the ratings of…
PayTabs Egypt wins “Best E-Payment Solution” at Entrepreneur Middle East’s Leaders in Fintech Awards 2021
CAIRO, EGYPT: PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, has received the prestigious “Best E-Payment Solution” award at the ‘Leaders in Fintech Awards 2021’ presented by Entrepreneur Middle East. The event turned out to be a phenomenal evening, one which paid tribute to entrepreneurs and corporations shaping…
Norwegian Air Shuttle announces conversion of capital perpetual bonds into shares
OSLO, NORWAY: Norwegian Air Shuttle ASA announced the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1.738 billion can be converted into shares from the date falling on the second anniversary of the issue date and the New Capital Perpetual Bonds with ISIN NO 0010996432 in the aggregate amount of NOK…
KONGSBERG wins NOK 250 million contract with Awind AS
OSLO, NORWAY: Kongsberg Maritime (KM) has won NOK 250 million contracts to design and equip two construction service operation vessels (CSOV/SOV) for the Norway-based shipowner Awind AS, a fully-owned subsidiary of Integrated Wind Solutions AS. Destined for the renewable offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design…
Crescent N.V enters consortium for 5G technology platform
LEUVEN, BELGIUM: Crescent NV’s Option, Verhaert, and DroneMatrix have formed a consortium to collaborate on a sub-6 GHz 5G Gateway platform coupled with an Edge AI module, a news release said. This technology platform will enable new innovations with a large number of sensors, massive data, low network latency and high reliability with AI data handling for smart…