ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations (Private) Limited by London-based M/s Alif Capital Holdings Limited. M/s Alif Capital Holdings Limited, a private limited company registered in England and Wales, acts as a holding company for various investments. The target company, M/s Alif Innovations (Private) Limited, is registered…
TotalEnergies sells TotalEnergies EP Brunei to Hibiscus Petroleum for $259 million
PARIS: TotalEnergies (Paris:TTE) has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) B.V. owns and operates…
Glentra Fund offers to acquire Kyoto Group AS
OSLO, NORWAY: Kyoto Group AS, a prominent player in the energy sector, has announced a landmark transaction with GF I Kiln HoldCo AS, an acquisition entity owned by the esteemed Glentra Fund I K/S. This strategic move includes a directed share issue and a subsequent voluntary all-cash offer for all outstanding shares of Kyoto, marking…
Aptamer Group signs product development partnership with Microsaic Systems
LONDON: Aptamer Group plc (AIM: APTA), the developer of novel Optimer® binders to enable innovation in the life sciences industry, announced a partnership with Microsaic Systems plc to develop a panel of Optimer binders for integration into a water testing system. Microsaic has recently purchased the Microtox® water testing system. Earlier work with Aptamer’s COVID-19…
Samarkand Group has sold long-established probiotics brand Probio7
LONDON, UK: Samarkand Group plc (AQSE:SMK), the consumer brand owner and cross border eCommerce distribution services group following its recent trading update, today announced the disposal of its long-established probiotics brand Probio7. “We are announcing the disposal of our probiotic brand Probio7, for a total consideration of £1.3m to be satisfied by initial consideration of…
CPP Group divests legacy business CPP Italia Srl for €0.5 million
LONDON, UK: CPP Group (AIM: CPP), a provider of real-time, digitally delivered assistance products which reduce disruptions to everyday life for millions of people, announced that it has disposed of its legacy operations in Italy through the sale of its wholly owned subsidiary, CPP Italia Srl to IGS EMEA SL for a cash consideration of…
Whitebark divests majority stake in Wizard Lake oil field to Conflux Energy
SYDNEY, AUSTRALIA: Whitebark Energy Limited (ASX:WBE) has announced the sale of a 90% working interest in its Wizard Lake oil field assets in Alberta, Canada, to Conflux Energy Corp. The deal, which was facilitated through a Purchase and Sale Agreement (PSA), will see Whitebark’s subsidiary, Rex Energy Limited, retain a 10% working interest. As part…
Intuit Inc. agrees to acquire mobility risk intelligence provider Zendrive
MOUNTAIN VIEW: Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today that it has signed an agreement to acquire leading mobility risk intelligence provider Zendrive. Certain Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to accelerate…
How Does Automated Switchboards Contribute to Sustainability?
In today’s eco-conscious world, the drive towards sustainability in all sectors is more intense than ever before. This shift is noticeably significant in the electrical industry, where energy efficiency and reduced environmental impact are paramount. Automated switchboards stand at the forefront of this transformation, emerging as key players in the quest for a greener future….
All-electric 2024 Jeep® Wagoneer S –Jeep Brand’s First Global Battery-electric SUV
NEW YORK: The 2024 Jeep® Wagoneer S, the brand’s first global battery-electric vehicle (BEV), which will launch initially in the U.S. and Canada, delivers 4xe capability, impressive performance credentials, a sleek aerodynamic design and state-of-the-art technology; Jeep Wagoneer S delivers exhilarating performance with 600 horsepower, more than 800 Nm of immediate torque for lightning-quick 0-60…
Homerun Resources signs exclusivity agreement to acquire Silica Mineral Rights
VANCOUVER: Homerun Resources Inc. (TSXV: HMR) has signed an exclusivity agreement dated June 10th, 2024, for the acquisition of silica sand mineral rights in the municipality of Taperoá, Bahia, Brazil. The agreement comprises the mining rights 870.335/2022, 871.743/2016, 872.794/2015 and 870.051/2024 before the ANM (National Mining Agency, currently held by a local citizen, directly and…
ECGI Holdings signs deal to acquire Pacific Saddlery
IRVINE: ECGI Holdings Inc. (OTC: ECGI), a diversified holding company with a unique portfolio in viticulture and luxury fashion, announced the signing of a binding Letter of Intent (LOI) to acquire all outstanding shares of Pacific Saddlery, Inc., a renowned manufacturer and retailer of luxury equestrian tack, apparel and accessories. This acquisition, strategically aligned with…