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…
Trifork Holding acquires Swiss IT-firm Vilea
SCHINDELLEGI: Trifork Holding AG has completed the acquisition of Vilea, a Swiss-based IT-firm specializing in designing and delivering tailor-made mobile enterprise applications, in a move aimed at expanding Trifork’s position in Switzerland and central Europe. Vilea has 11 employees in offices in Zürich and Vienna. Combining Trifork’s ecosystem of technological competencies, with Vilea’s talented team…
Nabd launches financial markets data and news section in Arabic
DUBAI: Nabd, the largest personalized Arabic news app and platform, has launched a new section giving business users access to local, regional, and international financial markets data and up-to-the-minute economic news and information, in Arabic language, a news release said. The new content offering, on Nabd Arabic news app, provides business leaders and financially-savvy users…
KKR & Co. acquires Natural Pet Food Group
CHRISTCHURCH: KKR & Co., a leading global investment firm, announced the completion of acquisition of Natural Pet Food Group, a New Zealand-based premium pet food company. The investment will be used to support the Company’s international growth and advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers…
Honda Atlas Cars re-appoints CEO and Chairman
KARACHI: Honda Atlas Cars has re-appointed Hironobu Yoshimura as the President and Chief Executive Officer of the company for a period of three years commencing May 02, 2021. The Board of Directors of Honda Atlas Cars re-appointed Aamir H. Shirazi as the Chairman of the company for a period of three years commencing May 02,…
Mutares completes the acquisition of La Rochette from RDM Group
MUNICH: Mutares SE & Co. KGaA has completed the acquisition of RDM La Rochette S.A.S. from the Italian Reno De Medici (RDM) Group. La Rochette is located in Valgelon-La Rochette, France and produces Folding Boxboard based on virgin fibers (FBB). The company is the main producer in the FBB market in Southern Europe, with France…