LONDON: Mattioli Woods plc announced the acquisition of 100% of the share capital of Caledonia Asset Management Limited from its shareholders for an initial consideration of £0.96 million. A potential further consideration of up to £0.64 million is dependent on the attainment of specified performance targets in the two years after completion. Founded in 2000,…
Darktrace plc confirms IPO on the London Stock Exchange
LONDON: Darktrace plc has confirmed its intention to undertake an initial public offering (IPO) on London Stock Exchange (LSE). The Company intends to apply for admission of its ordinary shares to the premium segment of the Official List of the FCA and to trading on the London Stock Exchange’s Main Market for listed securities. The…
Carsten Egeriis appointed CEO of Danske Bank A/S
OSLO: The Board of Directors of Danske Bank A/S has appointed Carsten Egeriis as Chief Executive Officer. He replaces Chris Vogelzang, who has informed the Board that he wishes to resign from his position. This follows a decision by the Dutch authorities to name him a suspect in connection with their investigations of potential violations…
Sikri Holdings acquires Ambita AS in a NOK 950 million deal
OSLO: Sikri Holding AS has entered into a binding agreement with the Norwegian Ministry of Trade, Industry and Fisheries (NFD) regarding the acquisition of Ambita AS. The agreed enterprise value is NOK 950 million per 31 December 2020 (purchase price NOK 962.8 million). NOK 50 million of the purchase price will be settled by a…
Cavalier Corporation secures government funding for Bremworth carpet business
AUCKLAND: Cavalier Corporation Limited announced that its Bremworth carpet business has secured a $1.9 million grant from the Ministry for Primary Industries (MPI), as part of MPI’s Sustainable Food and Fibre Futures (SFFF) investment programme. The grant will be used by Bremworth to help co-fund its $4.9 million research programme to build capability and support…
Mercury NZ and Powering Australian Renewables agree to upgrade offer for Tilt acquisition
SYDNEY, AUSTRALIA: Mercury NZ Limited and Powering Australian Renewables (PowAR) agreed to increase their offer for all the shares of Tilt Renewables Limited to NZ$8.1 per share from NZ$7.80. Mercury NZ Limited and Powering Australian Renewables (PowAR) agreed to amend the Scheme Implementation Agreement (the SIA) with Tilt Renewables Limited entered into on 14 March…
Facebook to launch new business discovery process
NEW YORK: Facebook will enable stories scheduling for both Facebook and Instagram, along with a new business discovery process from the News Feed. “People already discover businesses while scrolling through News Feed, and this will make it easier to discover and consider new businesses they might not have found on their own,” Facebook in an…
FPCCI creates Policy & Research Board headed by Younus Dagha
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formed a Policy & Research Board comprising of top-level economic, business, trade, and industry experts. FPCCI is the apex representative body of the business, industry, and trade community of Pakistan. The Policy & Research Board of FPCCI is mandated to provide research-based expert input…
S&P revises Oman Insurance’s outlook to positive on improved operating performance
DUBAI: Oman Insurance Company is assigned a positive outlook by S&P Global Ratings, based on improved operating performance while affirming an A- rating, a news release said. The rating agency also reaffirmed the capital adequacy of Oman Insurance above the AAA level based on their risk-based capital model. According to S&P, the positive outlook indicates…
Adobe co-founder Dr. Geschke passes at 81
SAN JOSE: Adobe (Nasdaq:ADBE) shares the passing of the company’s beloved co-founder, Dr. Charles Geschke. Dr. Geschke passed away on Friday, surrounded by his family. Dr. Geschke co-founded Adobe in 1982 with Dr. John Warnock, a colleague from Xerox. Their first product was Adobe PostScript, a pivotal technology that sparked the desktop publishing revolution. Dr….
Sanofi completes acquisition of Kiadis Pharma
AMSTERDAM: Sanofi has completed the acquisition of Kiadis, a clinical-stage biopharmaceutical company developing next generation ‘off-the-shelf’ NK cell-therapies, a news release said. Kiadis’ proprietary platform is based on allogeneic or ‘off-the-shelf’ NK-cells from a healthy donor. NK-cells seek and identify malignant cancer cells and have broad application across various tumor types. The platform has the…
Zeepay Ghana acquires Mangwee Mobile Money in Zambia
LUSAKA: Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia, a news release said. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the…