CluCoin (CLU) is a unique blockchain-based ecosystem based on hyper-deflationary CLU tokens. Binance Smart Chain (BSC), a fastest-growing smart contract environment, provides a technical framework for CLU progress. The project’s smart contract architecture is inspired by the overhyped project SafeMoon. CluCoin (CLU) passed a smart contract audit by leading cybersecurity vendor CertiK with the highest…
GULAGToken: The Cryptocurrency to Change Crowdfunding Space
GULAGToken is a community-based DeFi project which was fair launched in July 2021 on the Binance Smart Chain. GULAGToken provides all participants the power to govern major decisions regarding the token and its development. GULAGToken generates value for holders with 11% static reflections on all buy, sell or send transactions. GULAGTeam are working to create…
Morgan Stanley’s Antwerp Management buying Augean Plc for £314.9mn
LONDON, UK: Antwerp Management Limited, a newly-incorporated company indirectly owned by funds managed or advised by Morgan Stanley Infrastructure Inc. (MSI), will acquire the entire issued and to be issued share capital of Augean Plc, a hazardous waste treatment and disposal company, in a £314.9 million deal. Under the terms of the offer, which will…
Heineken assumes control of United Breweries Limited
AMSTERDAM, Heineken N.V. has obtained control of United Breweries Limited (UBL) in India following recent acquisition of additional ordinary shares in UBL, taking its shareholding in UBL from 46.5% to 61.5%. Dolf van den Brink, Chairman of the Executive Board / CEO, commented: “UBL has a proud history dating back more than a century as an influential shaper of…
Dicker Data to acquire Exceed Group for $68 million
SYDNEY, AUSTRALIA: Dicker Data Limited has entered into a binding Sale and Purchase Agreement (SPA) to acquire the Exeed Group operating across Australia and New Zealand, a news release said. Established in 2002, and headquartered in Auckland, Exeed is the second largest IT distributor in the New Zealand market and holds dominant market share across a number of the…
Magnit starts making ready-to-eat products for convenience stores
KRASNODAR, RUSSIA: Magnit PJSC, one of Russia’s leading retailers, started making ready-to-eat products for its convenience stores in Magnit Family supermarkets. The pilot project was launched in Krasnodar and Murmansk, where customers can already buy a wide range of ready-to-eat meals. The production utilizes existing capacities of Magnit Family supermarkets; the Company only added special…
Qatar Holding buys stake in Airtel Africa’s mobile money business
LONDON, UK: Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), has agreed a minority stake in Airtel Mobile Commerce BV (AMC BV) for $200 million, which values Airtel Africa’s mobile money business at $2.65 billion. Airtel Africa has signed an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA),…
Deliveroo evaluates ending operations in Spain
LONDON, UK: Deliveroo has proposed to consult on ending its operations in Spain, a news release said. Deliveroo currently operates across 12 markets worldwide, with the vast majority of the Company’s gross transaction value (GTV) coming from markets where Deliveroo holds a #1 or #2 market position. Spain represents less than 2% of GTV in H1 2021….
Global Ports Holding completes Eurobond refinancing
LONDON, UK: Global Ports Holding (GPH) has now completed its new five-year loan agreement for up to $261.3 million, with leading global investment firm Sixth Street. As a result, GPH has concluded the early repayment of the $200.3 million outstanding amount, plus accrued interest, of the 8.125% senior unsecured Eurobond, due 14 November 2021, issued by…
Jayex Technology acquires 14% stake in Brainworks Foundry
MELBOURNE, AUSTRALIA: Jayex Technology Limited has acquired 14% stake in Brainworks Foundry Inc., a company incorporated in July 2017 in Delaware, United States. Jayex will invest $2 Million in cash. Brainworks’ Smart Health AI technology platform is currently undergoing preliminary clinical trials and is designed to allow a patient’s vital signs, incl. heart rate, respiratory…
Shell, Uber and Muawin collaborate for innovative fuel management solutions
KARACHI, PAKISTAN: Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with unparalleled features to Uber partner drivers. Through this collaboration, Uber partner drivers will get access to fuel financing from Muawin by Cashew Financial Services, to fulfill their mobility needs at Shell. By means of tech-enabled…
TotalEnergies exits from Petrocedeño
PARIS, FRANCE: TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in parallel its participation of 9.67% in the company, PDVSA will own 100% of Petrocedeño….