LONDON: Valereum Blockchain Plc, the Blockchain Technology venture builder, will soon commence mining bitcoin in the United States, having purchased new BTC mining hardware with a combined computational processing power of 1,600 TH/s (trillion hashes per second). With the assistance of the Company’s North American consultants, Valereum has acquired new machines, which will be installed…
VIS assigns A+/A-1 ratings to Interloop Limited
KARACHI: VIS Credit Rating Company Ltd. (VIS) has assigned initial entity ratings of ‘A+/A-1’ (Single A plus/Single A-One) to Interloop Limited (ILP). Outlook on the assigned ratings is ‘Stable’. Long term rating of ‘A+’ signifies good credit quality with adequate protection factors. Risk may varyslightly from time to time because of economic conditions. Short Term…
Skanska to build Signia by Hilton hotel in Atlanta, USA
ATLANTA: Skanska has signed a contract with Georgia World Congress Center Authority to build the first new construction Signia by Hilton hotel in Atlanta, Georgia, USA. The total contract value is USD 308 million for the Skanska-led joint venture along with SG Contracting Inc. Skanska will include its 88 percent share worth USD 271 million,…
Enento Group’s CEO Jukka Ruuska leaves the company
COPENHAGEN: Enento Group Plc’s CEO Jukka Ruuska has given notice of his resignation from the company. The Group’s Board of Directors will start the recruiting process of a new CEO immediately, a news release said. Jukka Ruuska will continue in his position until his successor will start, however no later than 31 October 2021. “After…
Atos and DreamQuark launch Sustainable Investment Brain, first digital platform for banks and insurers
PARIS: Atos and DreamQuark announced the launch of the Sustainable Investment Brain, the first digital platform for banks and insurers that is both dedicated to socially responsible investment (SRI) and compliant with the principles of transparent artificial intelligence as set out in the proposed European regulation published today. Supported by a growing interest in ESG…
GSTechnologies and Wise MPay sign MoU to enhance blockchain and new technology development capabilities
LONDON: GSTechnologies Limited, the integrated information and communication technology infrastructure solutions provider, has signed a Memorandum of Understanding (MOU) with Wise MPay Pte Ltd with a view to enhancing it’s blockchain and new technology development capabilities. In order to facilitate the Company’s plans to focus on new higher growth synergistic business areas focussed on blockchain…
GSTechnologies Limited (LSE: GST)
GSTechnologies Limited (LSE: GST), provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST’s strategy…
BASF, Quantafuel and REMONDIS to cooperate on chemical recycling of plastic waste
OSLO: BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding (MoU) to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste. It is intended that REMONDIS, one of the world’s leading waste and water management companies, supplies suitable plastic waste to the plant, and chemical…
Catena Group to acquire 89.9% of Insight Capital Partners in £29.4 million deal
LONDON: Catena Group Plc has signed a conditional acquisition agreement to acquire Insight Capital Partners, a data science and machine learning solutions company. The Acquisition is for the balance of Insight shares not already owned by the Company, following Catena’s initial acquisition of 9.1 percent of Insight in March 2020. The Acquisition constitutes a reverse…
Victoria PLC announces €35 million acquisitions of Ceramica Colli, Vallelunga and Ceramiche Santa Maria
LONDON: The Board of Victoria PLC has concluded the purchase of the assets and business of ceramic tile distributors, Ceramica Colli and Vallelunga, and the shares of ceramic tile manufacturer, Ceramiche Santa Maria. Total consideration (on a debt-free, cash-free basis) is c. €35 million and will be funded from the Company’s existing resources. The acquisitions…
Victoria PLC (LSE:VCP)
Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC (LSE:VCP), is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories….
Plus500 Ltd to acquire Cunningham Commodities and Cunningham Trading Systems
LONDON: Plus500 Ltd has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC., a regulated Futures Commission Merchant (FCM), and Cunningham Trading Systems LLC. (CTS), a technology trading platform provider, operating in the futures and options on futures market in the US. Compelling strategic rationale The Acquisition represents a major growth…