CHICAGO: McNally Capital, a leader in Direct Family Capital, announced the acquisition of Orbis Operations. Orbis is a leading provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients. McNally acquired Orbis out of…
Christopher Synek appointed Chief Executive Officer of Neovia Logistics
IRVING: Neovia Logistics has appointed Christopher (Chris) Synek as Chief Executive Officer effective April 12, 2021. Synek will succeed current Chief Executive Officer Pat Olney and lead the company forward as it pursues its strategy of delivering superior operational results for customers. Synek has an extensive leadership background in logistics and operations management, with a…
Service Global Footwear Limited raises Rs2.175 billion in over-subscribed IPO
KARACHI: Service Global Footwear Limited (SGFL) successfully raised Rs. 2.175 billion through a two-day book building which saw a broad-based participation from institutional and high net-worth investors. The book building was over-subscribed by 5.8 times with price closing at the Rs. 53.2 per share. The book building saw a total demand of Rs. 8.946 billion…
NZX and SGX form partnership to promote dairy derivatives market
AUCKLAND: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have formed a strategic partnership to unlock and accelerate growth potential of NZX’s dairy derivatives, a news release said. This partnership brings together the complementary capabilities of the NZX and SGX to scale up market distribution and liquidity in the global dairy derivatives markets. It will…
Golden Leaf acquires 80% stake in CBD skincare brand, Fifth & Root
PORTLAND: Golden Leaf Holdings acquired 80 percent ownership in Fifth & Root, Inc., a nationally recognized CBD skincare brand based in California. Fifth & Root is available online at www.fifthandroot.com, and in major retailers including Ulta Beauty, Nordstrom, Anthropologie and Urban Outfitters. “The acquisition of these distribution channels greatly increases the Company’s visibility and reach,…
Luxxfolio agrees to acquire crypto mining company, WestBlock Capital
VANCOUVER: Luxxfolio Holdings Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of privately-held WestBlock Capital Inc., to be effected by way of a three-cornered amalgamation between WestBlock, Luxxfolio and a wholly-owned subsidiary of Luxxfolio. The consideration payable to WestBlock shareholders in the transaction consists of 16 million…
Supply of Rafale aircraft to India: Dassault Aviation clarifies allegations of corruption
SAINT-CLOUD: Faced with certain allegations reported in the press about the contract signed in 2016 with India for the supply of 36 Rafale combat aircraft, a Dassault Aviation spokesperson points out the following: – Numerous controls are carried out by official organizations, including the French Anti-Corruption Agency. No violations were reported, notably in the frame…
Lars Kufall Beck appointed new CFO of Topdanmark
COPENHAGEN: Topdanmark’s CFO Lars Thykier has decided to retire, and he will be replaced by Lars Kufall Beck. Lars Kufall Beck is 46 years old, and he comes from the position as CFO of Saxo Bank where he has been globally responsible for finance, procurement and treasury since 2019. Prior to joining Saxo Bank, he…
Trident Royalties acquires Pukaqaqa Royalty Package from Orion Resource Partners
LONDON: Trident Royalties Plc announced the pre-completion meeting for the Pukaqaqa Royalty Package acquisition from Orion Resource Partners has now been held and that completion will occur automatically on Admission of the Consideration Shares. On 18 December 2020, the Company announced that it had entered into a binding agreement to acquire a package of existing…
Valereum Blockchain engages Kyudoka Capital to forward bitcoin mining strategy
LONDON: Valereum Blockchain Plc has engaged specialist North American consultants, Kyudoka Capital Corporation to provide strategic technology advisory services to Valereum for its pipeline of blockchain and DeFi opportunities. Kyudoka will be working with Valereum to provide advice, detailed strategy, and phased implementation plans with respect to building expandable cryptocurrency mining operations and infrastructure. North…
K-Electric’s installs entire power train of first unit of its RLNG based 900MW flagship power plant
KARACHI: K-Electric’s flagship 900 MW power plant, BQPS-III is progressing on fast track basis as the entire power train of first unit consisting of gas turbine, steam turbine, generator and heat recovery boiler have arrived and installed at the power utility’s Bin Qasim Power Complex. All relevant civil structural work is completed and associated auxiliaries…
NEXION Group signs agreement to acquire Blue Sky Telecom
SYDNEY: NEXION Group Ltd has entered into an agreement to acquire 100% of the issued share capital of Blue Sky Telecom Pty Ltd, a news release said. Acquisition forms part of NEXION Group’s expansion strategy outlined in the Company’s recent Prospectus, specifically acquiring local ICT service providers that bring relevant skills and expertise to the…