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…
Zenith makes binding offer to acquire oil production and development assets in Tunisia
LONDON: Zenith Energy Ltd. has made a binding offer to wholly acquire a company holding a 100% interest in two oil and gas production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration…
Tritax Big Box acquires Avonmouth asset for £90 million
LONDON: Tritax Big Box REIT has acquired an 872,000 sq ft distribution unit in Avonmouth for £90 million, reflecting an attractive net initial yield of 5.1% for c.13 year income. Secured through an off-market acquisition, the asset expands the Company’s exposure to the increasingly important South West of England: · Avonmouth is the principal logistics…
IDEX Biometrics Appoints James Simms as Chief Financial Officer
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has appointed James A. Simms as Chief Financial Officer with effect from 26 April 2021. Mr. Simms is an accomplished executive, with extensive experience with publicly-listed companies across high technology. Since 2008, he has served as Chief Financial Officer and a…