SYDNEY, AUSTRALIA: Telstra Corporation announced a consortium comprising the Future Fund, Commonwealth Superannuation Corporation and Sunsuper will become a strategic partner in Telstra InfraCo Towers after agreeing to acquire a 49 per cent interest. The Towers business is the largest mobile tower infrastructure provider in Australia with approximately 8,200 towers. The transaction values Telstra InfraCo…
Rio Tinto declares force majeure at Richards Bay Minerals
SYDNEY, AUSTRALIA: Rio Tinto has declared force majeure on customer contracts at Richards Bay Minerals (RBM) in South Africa due to an escalation in the security situation at the operations. This has led to the decision to cease operations until the safety and security position improves. Rio Tinto chief executive Minerals, Sinead Kaufman, said: “The…
Apiam Animal Health acquires Scenic Rim Vets in a $16 million deal
BENDIGO, AUSTRALIA: Apiam Animal Health Limited has entered into a binding agreement to acquire the assets of Scenic Rim Veterinary Service and Boonah Veterinary Hospital for total consideration of $16 million, a news release said. Scenic Rim Vets operates a leading state-of-the-art equine clinic in Beaudesert (QLD), as well as a mixed animal clinic in…
Enprise acquires Very Impressive Software
AUCKLAND, NEW ZEALAND: Enprise Group, Enprise Solutions Ltd – part of the Enterprise Division – has signed an agreement to purchase the Intellectual Property of Very Impressive Software, a news release said. Very Impressive Software (VIS) provides software products to SME businesses, including add-on’s for both MYOB Exo and MYOB Advanced. Many Enprise and Kilimanjaro…
Prophecy DeFi becomes member of Blockchain Research Institute
TORONTO, ONTARIO: Prophecy DeFi announced that it has become a Member of the Blockchain Research Institute (BRI). As a Member of the BRI, Prophecy DeFi receives access to a research library of 100+ projects and joins a global community of blockchain innovators, experts, builders, and thought leaders. With a member community spanning 90+ of the…
Sanofi to invest €400 million annually in dedicated vaccines mRNA Center of Excellence
PARIS, FRANCE: Sanofi SA will invest approximately €400 million annually in a first-of-its kind vaccines mRNA Center of Excellence, a news release said. The Center will work to accelerate the development and delivery of next-generation vaccines by bringing together approximately 400 dedicated employees integrating end-to-end mRNA vaccine capabilities with dedicated R&D, digital, and chemistry, manufacturing…
Schlumberger and IBM launch hybrid cloud for energy sector
PARIS, FRANCE: Schlumberger and IBM announced today the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to…
Revolution Beauty Group intends to list shares on AIM of London Stock Exchange
LONDON, UK: Revolution Beauty Group Limited announced its intention to seek admission of its shares to trading on AIM, a market of London Stock Exchange. Admission is expected to take place in July 2021. Zeus Capital is acting as Nominated Adviser, Bookrunner and Broker to the Company. Adam Minto, Founder and CEO of Revolution Beauty,…
S&P Global revises outlook for Kaspi.kz’s Kaspi Bank to positive
LONDON, UK: S&P Global announced its decision to revise the outlook for Kaspi Bank, a core component of Kaspi.kz’s Fintech Platform, to Positive citing strong asset quality, solid operating performance and shift towards BNPL and merchant financing. According to S&P Global: · “Operating performance remained strong in 2020 and first-quarter 2021. Return on average equity…
TotalEnergies and Uber partner to accelerate the transition towards electric urban mobility
PARIS, FRANCE: TotalEnergies and Uber are partnering to accelerate the transition of Uber’s drivers towards electric mobility, by providing support for vehicle conversion and easier access to charge points, a news release said. This partnership targets France at first, with the possibility to extend it to other European countries. Uber has set an objective to…
Octopus Titan sells Semafone Ltd to Livingbridge
LONDON, UK: The Board of Octopus Titan VCT plc announced that Semafone Ltd has been acquired by Livingbridge. The exit represents an 8.5x return on Octopus Titan VCT plc’s initial investment, and a 7.5x return on the total investment, representing an IRR of 25%. The resulting cash proceeds attributable to Titan are not materially different…
Symphony partners with AI-powered fintech Saphyre
NEW YORK: Symphony Communication has established a strategic partnership with fintech firm Saphyre Inc. to integrate patented AI technology into pre- and post-trade workflows for front, middle and back-office teams, a news release said. The integration creates a one-stop, seamless experience for real-time notification updates for all onboarding and maintenance-related activities and ready-to-trade statuses of…