LONDON: Helios Towers plc (LON: HTWS) and Oman Telecommunications Company (Omantel) signed an agreement for Helios Towers to acquire Omantel’s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575 million. This represents an enterprise value of $615 million including the Group’s estimate of transactions costs and capitalised ground leases of $40…
UKGI disposes shares in NatWest Group for £ 1.1bn in total
LONDON: UK Government Investments Limited (UKGI) has announced the successful completion of the disposal of part of HM Treasury’s shareholding in NatWest Group plc. The disposal was effected by way of a placing of 580 million ordinary shares with a nominal value of £1.00 each through an accelerated book building process to institutional investors. The…
NORBIT acquires Hungary based iData for EUR 14.5 million
TRONDHEIM: NORBIT ASA (FRA: 4NK ) has signed binding agreement governing the acquisition of iData Kft., a Hungary-based company specialized in vehicle tracking and fleet management related services. The transaction values iData at an enterprise value of EUR 14.5 million, implying an equity value of EUR 14.5 million. The acquisition will create a broader platform…
Sunrise Energy Metals acquires full ownership of NematiQ Joint Venture
MELBOURNE: Sunrise Energy Metals Limited (ASX:SRL) CEO, Mr Sam Riggall announced that Sunrise Energy Metals has reached agreement with Ionic Industries Limited to move to full ownership of the Company’s graphene oxide membrane development joint venture company NematiQ Pty Ltd. Under the terms of the agreement, Sunrise Energy Metals will acquire the remaining 16.8% (116,667…
European Lithium acquires 20% interest in Jadar’s Austrian Lithium assets from their JV partner
SYDNEY: European Lithium Limited has acquired a 20% interest in Jadar’s Weinebene and Eastern Alps Lithium Projects (Jadar 80% interest), located adjacent to Wolfsberg Project in Austria. European Lithium Limited (ASX:EUR) announced to shareholders that the Company has entered into a Collaboration Agreement with Jadar Resources Limited (ASX: JDR) (Jadar). The Company has also acquired…
Derek Ivany appointed as President and CEO of Midpoint Holdings Limited
TORONTO: Midpoint Holdings Limited (TSXV: MPT) announced the appointment of Mr. Derek Ivany as President and CEO. In his capacity as President and CEO, Mr. Ivany’s mandate will be to advance Midpoint’s core business in addition to strategically positioning the Company within the rapidly growing fintech and cryptocurrency verticals. As a result, the Company has commenced…
PROLIM Global acquires Australia-based Edge PLM Software
DETROIT: PROLIM Global Corporation has acquired Australia-based Edge PLM Software Pty Ltd., a news release said. Founded in March 2004, with over 330 customers, Edge PLM provides customers across Australia and New Zealand with world-class digital design, simulation, test, manufacturing and data management software and service solutions. Edge PLM specializes in the supply, integration, consulting, and training of Product…
Nokia to deploy 5G network for Movistar Chile
ESPOO: Nokia (HEL: NOKIA) has been chosen by Telefónica’s Latin America brand, Movistar Chile to provide equipment from its AirScale portfolio to launch the operator’s 5G network in the country, news release said. This milestone deployment will enable 5G services for Movistar customers. In addition, Nokia will upgrade Movistar’s 4G and 4G+ networks to strengthen the critical network backbone across Chile’s…
Kristian Lustin resigns as President and CEO of RNB Retail and Brands
STOCKHOLM: Kristian Lustin has announced to the Board that he is leaving his position as President and CEO to move on to a new position at another company. He has six months’ notice. Kristian took over as President and CEO on January 1, 2020 and before that was CFO since 2015. “I want to thank…
FSS and Zwipe to launch next-generation contactless payment globally
OSLO: Financial Software and Systems (FSS), a global provider of integrated payment products and a payment processor, is partnering with Zwipe to bring next generation contactless payment cards to issuers globally. Zwipe is a payment FinTech recognized for having pioneered the development of biometric payments and has delivered many successful pilots around the world. Financial…
Eiffage wins contract for a new bridge on river Rhine for a total value of €180 million
PARIS: Eiffage, through Eiffage Métal and its subsidiaries SEH (Germany) and Iemants (Belgium), recently won, in a consortium with Hochtief and Max Bögl, the contract to build a new bridge on the Rhine in Leverkusen, Germany. The contract amounts to €180 million in total, with Eiffage’s share worth €116 million. The new 2×3 lane bridge…
Alfa Laval to acquire digital service company StormGeo for NOK 3.63 billion
STOCKHOLM: Alfa Laval AB has signed an agreement to acquire StormGeo, a global leader in weather intelligence and advanced data science solutions. The acquisition is part of Alfa Laval’s strategy to support the marine industry’s efforts to decarbonize and make operations more efficient. It will also enhance Alfa Laval’s knowledge within digital services. The closing…