LONDON, UK: PayU Payments Private Limited (PayU), a subsidiary of Prosus N.V, has entered into an agreement with the existing shareholders of IndiaIdeas.com Limited (BillDesk) to acquire 100% of the equity in BillDesk. The purchase consideration is INR 345bn (c. US$4.7 bn) on a cash-free, debt-free basis and subject to a normalised level of working…
Storebrand acquires Danish real estate manager Capital Investment
LYSAKER, NORWAY: Storebrand ASA has entered into an agreement to acquire Capital Investment, a Danish real estate asset manager and investment advisory headquartered in Copenhagen, a news release said. The acquisition of Capital Investment is in line with the strategy presented at Storebrand’s Capital Markets Day in 2018 and reiterated in 2020; to look for…
MRHB DeFi and Coinsbit India to launch Halal Crypto
MELBOURNE, AUSTRALIA: The world’s first halal DeFi ecosystem MRHB DeFi is collaborating with leading Indian cryptocurrency trading platform Coinsbit to bring crypto-asset opportunities to India’s huge population of 200 million Muslims, driving further participation in the blockchain economy. MRHB DeFi’s vision of an inclusive crypto-verse, follows Islamic ethical finance principles but is suitable for those…
AmCham Bahrain elects new board and officers
MANAMA, BAHRAIN: The American Chamber of Commerce in Bahrain (AmCham Bahrain) announced the successful election of its Board Officers following its recent election of Board Directors at its virtually held Annual General Meeting. Commenting on the new appointments, Mr. Qays H. Zu’bi, who was unanimously re-elected for a new 2-year term, stated, “I am honored…
Jennifer Chow appointed CEO & MD of Chimeric Therapeutics
SYDNEY, AUSTRALIA: Chimeric Therapeutics announced the appointment of current Chief Operating Officer, Jennifer Chow, as Chief Executive Officer and Managing Director. Ms Chow has been Chief Operating Officer of Chimeric Therapeutics since November 2020. Prior to joining Chimeric, Ms Chow was Head of Global Marketing, Analytics and Commercial Operations at leading global CAR T company…
Cancer diagnostics business, Pacific Edge to dual list on ASX
AUCKLAND, NEW ZEALAND: Cancer diagnostics business, Pacific Edge Limited (PEB) will lodge an application with the Australian Stock Exchange (ASX) to dual list as a Foreign Exempt Entity. Subject to the ASX accepting the application, PEB expects to be dual-listed on the ASX by the end of September 2021. Pacific Edge intends to maintain its…
Refining NZ agrees Marsden Point import terminal operation price
AUCKLAND: Refining NZ confirmed that it has now reached in-principle agreement with Mobil Oil New Zealand Limited on key commercial terms including price for a potential import terminal operation at Marsden Point. This means Refining NZ now has the agreement of all three of its existing refinery customers, with similar agreements having been reached with…
Oceania Healthcare raising $75mn to repay bank debts
AUCKLAND: Oceania Healthcare Limited is raising up to $75 million through fixed rate bonds to repay bank debts. Oceania Healthcare Limited is issuing up to $75 million (with the ability to accept oversubscriptions of up to $25 million) of seven year secured fixed rate bonds to New Zealand institutional and retail investors. The proceeds of…
Piet Hilarides commences as CEO of Baladna
DOHA, QATAR: Baladna, a Qatari agricultural company that raises livestock and produces dairy products, announced the commencement of Piet Hilarides as Chief Executive Officer, succeeding Malcolm Jordan, who has led Baladna through a transformative period of accelerated growth following the company’s successful listing on the Qatar Stock Exchange in 2019. He has successfully steered the…
Visa Appoints Leila Serhan as Senior Vice President
KARACHI, PAKISTAN: Visa announced the appointment of Leila Serhan as Group Country Manager and Senior Vice President to lead its presence across the North Africa, Levant and Pakistan (NALP) region. Ms. Leila Serhan brings more than two decades experience of leadership positions, including 20 years gained at Microsoft. Ms. Leila Serhan most recently led Microsoft’s…
Kazatomprom announces departure of CEO
LONDON, UK: JSC National Atomic Company (Kazatomprom) announced that Galymzhan Pirmatov, the Company’s Chief Executive Officer (CEO), will be departing from his role effective 2 September 2021 to pursue another opportunity. Mr. Mazhit Sharipov, who is currently Kazatomprom’s Chief Nuclear Fuel Cycle Officer, will be appointed as acting CEO. “On behalf of Samruk-Kazyna, I would…
Scanfil Plc to double its Suzhou factory in China
HELSINKI, FINLAND: Scanfil Plc has decided to start planning to expand its existing factory in Suzhou, China. The possible investment in the expansion of the current facility has been estimated to be at EUR 6 million, and the construction work is estimated to be started in 2022. “Customer demand has been increasing throughout the year…