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…
NOVATEK and Zhejiang Energy Sign Heads of Agreement on LNG Supply
SAINT-PETERSBURG, RUSSIA: NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project. The Agreement builds on the MOU signed by the parties in October 2019 and…
Pakistan’s oil products sales grow by 14 percent
Total OMC sales grew by 14% YoY to 1,692kT during May21, aided largely by increased off-take in all three major categories. The OMC sector continued to maintain its elevated levels during the month, reflecting the prevalent recovery and high economic activity. MS Sales grow by 13% YoY in 11MFY21: MS sales benefitted from high vehicle…
NOTE acquires British company iPRO for an initial price of GBP 7.0 million
STOCKHOLM, SWEDEN: NOTE AB has acquired all shares in UK based iPRO Holdings Ltd, a news release said. The purchase price initially amounts to GBP 7.0 million on a debt-free basis and may be increased by an additional purchase price of a maximum of GBP 2.3 million. In terms of the company’s development over the…
Belvoir Group to acquire Nottingham Mortgage Services for £0.6 million
LONDON, UK: Belvoir Group PLC has exchanged contracts to acquire the entire issued share capital of Nottingham Mortgage Services Limited (NMS), a wholly owned subsidiary of the Nottingham Building Society for a total consideration of £600,000 satisfied in cash from existing cash resources. Completion will take place on 31 July 2021 and the Acquisition is…