MINNEAPOLIS: HomeServices of America, a Berkshire Hathaway affiliate, announced that Christy Budnick, president and CEO of Berkshire Hathaway HomeServices Florida Network Realty, has been named chief executive officer of HSF Affiliates, which operates and manages the Berkshire Hathaway HomeServices and Real Living Real Estate real estate brokerage franchise networks. Budnick was also named CEO of…
Integrated Diagnostics secures $45 million debt financing from IFC
LONDON, UK: Integrated Diagnostics Holdings (LON: IDHC) has secured a USD 45 million debt financing package from the International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets. The eight-year loan will be used to finance IDH’s growth plans across new and existing markets and help expand access…
Harry Maguire of Manchester United appointed brand ambassador of Semper Fortis Esports
LONDON, UK: Semper Fortis Esports PLC announced that Harry Maguire of Manchester United has been appointed as a brand ambassador to the Company, following the very recent appointment of Dominic Calvert-Lewin as a brand ambassador. Remuneration to Maguire will be paid in the form of warrants which entitle him to subscribe for ordinary shares in…
Argo Blockchain joins newly-formed Bitcoin Mining Council
LONDON, UK: Argo Blockchain (LON: ARB), a global leader in cryptocurrency mining, announced that on Sunday 23 May 2021, leading North American miners came together to discuss ESG issues related to Bitcoin mining with Elon Musk. The meeting was organised by Michael Saylor who chaired a productive 90-minute call resulting in the group agreeing to…
Paul Keel appointed CEO of Smiths Group plc
LONDON, UK: Smiths Group plc (LON: SMIN) announced that Paul Keel has been appointed as the Group’s Chief Executive Officer and to the Board. He will take on his new responsibilities with immediate effect, a news release said. The Board also announces that Andy Reynolds Smith will step down from his position as Chief Executive…
Paragon ID acquires a controlling interest in Apitrak
PARIS, FRANCE: Paragon ID has acquired a controlling interest in Apitrak, a French start-up specialising in Real-Time Location Systems (RTLS) using a wide range of data acquisition technologies including active & passive RFID, Bluetooth Low Energy (BLE), Wi-Fi and GPS. Having already established itself as the market leader in the UK hospital sector for locating…
NZ Oil & Gas to purchase interests in producing assets from Central Petroleum for A$29m
AUCKLAND, NEW ZEALAND: The New Zealand Oil & Gas Group has agreed to acquire interests in three gas producing projects located in Australia’s Northern Territory, Amadeus basin, currently held by Central Petroleum. The acquisition would increase the New Zealand Oil & Gas Group’s 2P (proved and probable) reserves by 14.5 million barrels of oil equivalent…
Hatem Mohamad Bamatraf appointed CEO of PTCL in place of Matthew Willsher
KARACHI: Hatem Mohamad Bamatraf has been appointed Chief Executive Officer (CEO) of Pakistan Telecommunication Company Limited (PTCL), in place of Matthew Willsher, a news release said. Pakistan Telecommunication Company (PTCL) is the national telecommunication company in Pakistan. PTCL provides telephone and internet services nationwide and is the backbone for the country’s telecommunication infrastructure despite the…
Heimstaden Bostad expands portfolio in Poland investing SEK 3.1 billion
OSLO: Heimstaden Bostad has bought a newbuild portfolio with 2,496 homes in Poland for SEK 3.1 billion from leading Polish residential development company, Budimex. The portfolio is located in five of the largest cities in Poland: Warsaw, Krakow, Wroclaw, Poznan and Gdansk, economic hubs in their regions, encompassing Poland’s most populated and prosperous areas. “This…
OMERS to acquire 25% stake in International School Partnership (ISP), a EUR 1.9 billion entity
GUERNSEY: OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, has agreed to acquire a 25% stake in International Schools Partnership (ISP). The transaction values ISP at an enterprise value of EUR 1.9 billion. Partners Group, the investment manager of Princess Private Equity Holding Limited is expanding the shareholder base…
Pakistan textile exports surge 231% in April 2021
Pakistan’s textile exports increased by 231% YoY in Apr-2021, where such impressive growth (or rather, recovery) was always on the cards, given the lockdowns last year as business activities remained curtailed. Among the major value-added categories, growth was most rampant in garments (297% YoY), knitwear (274% YoY), bed-wear (212% YoY). Similarly, cotton cloth (200% YoY)…
Peak Minerals executes binding agreement for CU2 acquisition
SYDNEY: Peak Minerals Limited (ASX: PUA) has signed a binding agreement to acquire 100% of the shares in CU2 WA Pty Ltd, following the Company’s successful completion of due diligence reviews on CU2. The Company will now work towards completion of all remaining conditions precedent for the CU2acquisition, including seeking any required shareholder approvals. Commenting…