MELBOURNE, AUSTRALIA: Square Inc. has agreed to acquire all of the issued shares in Afterpay Limited by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion (A$39 billion) based on the closing price of Square common stock on July 30, 2021, and is expected to be…
Saunders International buys PlantWeave Technologies
SYDNEY, AUSTRALIA: Saunders International Ltd announced the acquisition of PlantWeave Technologies, a specialist in industrial process automation and electrical solutions. Saunders International has agreed to acquire the assets of PlantWeave with a non-material upfront cash payment. The purchase price is aligned to promote continued performance through earnings based deferred consideration consisting of payment to the…
CEO Over the Wire Scott Smith resigns
SYDNEY, AUSTRALIA: Over the Wire Holdings Limited announced that Scott Smith has resigned as CEO – Over the Wire (an operational role reporting into Michael Omeros, Managing Director & Group CEO). Since taking on the role in March 2020, Scott has made a significant contribution – building out the strategy around the Cloud. Connect. Collaborate….
New Revolt Token To Be Revealed Next Week
Alternet Systems Inc. announced its cryptocurrency funding partner Revolt Token (RVLT) will reveal on Tuesday next week, August 3rd, 2021, a new RVLT feature management expects to be well received by cryptocurrency enthusiast. ALYI is building a comprehensive EV ecosystem solution designed to advance the entire EV sector with perpetual contribution to EV technology advanced…
How Renewable Energy Affect Global Economy
Customers and companies are looking for more cost-effective ways to ramp up renewable electricity generation from wind, solar and hydropower, deploy electric vehicles, charging stations, electrify buildings, and reduce methane from natural gas—a transformation that comes with significant benefits to global energy and the global economy. Still, with these benefits in mind Dr. Joe Nyangon, a…
CluCoin (CLU) Launches Community-Driven Token on BSC
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),…