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….
TotalEnergies to power Amazon’s operations with renewables
PARIS, FRANCE: TotalEnergies has announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power its operations with 100% renewable energy. Amazon will help TotalEnergies accelerate its digital transformation. This strategic agreement spans both the TotalEnergies and Amazon businesses: Renewable Energy: TotalEnergies and Amazon have signed power purchase agreements (PPAs)…
Raymond James agrees to acquire Charles Stanley Group for £278.9 million
LONDON, UK: Raymond James UK Wealth Management Holdings Limited (Bidco) has agreed to buy entire issued and to be issued share capital of Charles Stanley Group at 515 pence in cash for each Charles Stanley share translating into £278.9 million. The acquisition is being implemented by way of a Court-sanctioned scheme of arrangement under Part…
ESO Investments acquires majority stake in Hamsard 3634
LONDON, UK: EPE Special Opportunities Limited (ESO) through ESO Investments 1 Limited acquired a majority stake in Hamsard 3634 Limited, a news release said. Hamsard 3634 owns a collection of six heritage British homeware brands, including the iconic Kilner and Mason Cash marques, as well as Viners, Typhoon, Ravenhead and Price & Kensington. The Target…
David Allmond appointed CEO at Novacyt S.A
PARIS, FRANCE: Novacyt S.A announced the appointment of David Allmond as CEO and a member of the Board of Directors effective from 18 October 2021. At that time Graham Mullis, having informed the Board that he wishes to retire after 13 years with the expanded Group, will stand down as CEO and board member. David,…
IOG plc signs gas sales agreement with Gazprom
LONDON, UK: IOG plc announce thed execution of a gas sales agreement (GSA) with Gazprom Marketing & Trading Limited (GM&T). This follows a competitive offtake process involving more than 10 bidders over recent months, a news release said. The GSA relates to IOG’s equity production for the first two years from the Elgood and Southwark…