LONDON: Foresight Solar Fund Limited announced the acquisition of a 50% equity stake in Sandridge Battery Storage Limited (SBSL). Sandridge Battery Storage Limited (SBSL) holds the development rights to construct the Sandridge Battery Storage project, a 50MW lithium-ion battery energy storage system based in Melksham, UK, adjacent to the Sandridge solar park which is already…
Arribatec Solutions to acquire UK-based Integra Associates for an enterprise value of GBP 1.5 million
OSLO: Arribatec Solutions ASA has signed LOI to acquire UK-based Integra Associates, a global elite partner of Unit4, to create the world’s largest provider of Unit 4 ERP services and solutions. The acquisition is based on an enterprise value of GBP 1.5 million, with GBP 1.125 million in cash and GBP 0.375 million in Arribatec…
Lynx Global acquires Australia based Arkin Technologies in a share exchange deal
VANCOUVER: Lynx Global Digital Finance Corporation on April 30, 2021 closed the acquisition of a 51% equity interest of Australia based, Arkin Technologies Pty Ltd. Lynx Global issued an aggregate of 1.114 million common shares and 250,000 share purchase warrants (entitling acquisition of an additional 250,000 common shares at a price per Share of $1.17)…
Blockchain Foundry deploys open‐source blockchain protocol for NFTs and compliant payments
TORONTO Blockchain Foundry Inc. (BCF), in conjunction with the Syscoin Foundation, has deployed Syscoin LUX, an open‐source blockchain protocol that underpins many of BCF’s proprietary development efforts, and offers fast, highly scalable, and low‐cost blockchain infrastructure for a wide variety of applications. Syscoin LUX, the latest version of the Syscoin Blockchain, introduces a range of…
World Token teams up with SPI to further develop crypto ecommerce
MANILA: The DeFi sector exploded less than a year ago, and it is not higher than ever. 12 months ago, in April 2020, DeFi had around $725 million in total value locked (TVL) This was quite high at the time, although still far below its ATH, which, at one point, went beyond $1.2 billion. But,…
Britannia agrees to go public via reverse takeover of Rise Life Science
TORONTO: Britannia Bud Canada Holdings Inc. and RISE Life Science Corp. and 2830026 Ontario Inc., a wholly-owned subsidiary of RISE, have entered into a business combination agreement pertaining to the reverse takeover of RISE. Britannia Bud Canada Holdings will constitute a “fundamental change” of RISE pursuant to the policies of the Canadian Securities Exchange. Peter…
TechX agrees to acquire XPort Digital in CAD5.0 million share exchange deal
VANCOUVER: TechX Technologies Inc. has acquired 100% interest in XPort Digital Limited, a merchant services fiat-to-crypto gateway solution offering credit card processing for cryptocurrency exchanges, wallets and other cryptocurrency businesses. TechX entered into a share purchase agreement pursuant to which the shareholder of XPort agreed to sell all of the shares issued and outstanding in…
Swedish Export Credit Corporation appoints Magnus Montan as new CEO
STOCKHOLM: Swedish Export Credit Corporation (SEK) Board of Directors has appointed Magnus Montan as new CEO of the company, a news release said. Catrin Fransson resigns as CEO for Swedish Export Credit Corporation He has previously worked as Nordic Head of Business Banking at Nordea and has held several international senior management roles at HSBC….
Verizon Media to be acquired by Apollo Funds in a $5.0 billion deal
NEW YORK: Verizon and Apollo Global Management Inc. announced that funds managed by affiliates of Apollo entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan….
Norwegian Air Shuttle announces terms of the contemplated NOK 6.0 billion capital raise
OSLO: As part of the restructuring proposal, the Norwegian Air Shuttle contemplates a capital raise of up to NOK 6.0 billion. The capital raise comprises of an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1.875 billion; a rights issue raising gross proceeds of up to NOK 395 million; and…
Gray Television to acquire Meredith Corporation’s local media group for $2.7 billion
ATLANTA: Gray Television Inc. has agreed to acquire all outstanding shares of Meredith Corporation for approximately $14.50 per share in cash, or $2.7 billion in total enterprise value after the spinoff of Meredith’s National Media Group to the current Meredith shareholders, a news release said. The parties expect to close the transaction in the fourth…
Versus names Alasdair Lloyd-Jones as new President
NEW YORK: Versus, a creator of creative content, appointed Alasdair Lloyd-Jones as the company’s new president and chief marketing officer, a news release said. As Versus continues to expand its footprint within the creative industry, Lloyd-Jones’ goal is to further define and grow the company as a leading creator of non-disposable content. “I was drawn…