CAIRO, EGYPT: PayTabs Egypt, which set up operations in Cairo nearly a year and a half ago, has received the prestigious “Best E-Payment Solution” award at the ‘Leaders in Fintech Awards 2021’ presented by Entrepreneur Middle East. The event turned out to be a phenomenal evening, one which paid tribute to entrepreneurs and corporations shaping…
Norwegian Air Shuttle announces conversion of capital perpetual bonds into shares
OSLO, NORWAY: Norwegian Air Shuttle ASA announced the New Capital Perpetual Bonds with ISIN NO 0010996440 in the aggregate amount of NOK 1.738 billion can be converted into shares from the date falling on the second anniversary of the issue date and the New Capital Perpetual Bonds with ISIN NO 0010996432 in the aggregate amount of NOK…
KONGSBERG wins NOK 250 million contract with Awind AS
OSLO, NORWAY: Kongsberg Maritime (KM) has won NOK 250 million contracts to design and equip two construction service operation vessels (CSOV/SOV) for the Norway-based shipowner Awind AS, a fully-owned subsidiary of Integrated Wind Solutions AS. Destined for the renewable offshore wind market, the new CSOVs will be built to Kongsberg Maritime’s UT 5519 DE design…
Crescent N.V enters consortium for 5G technology platform
LEUVEN, BELGIUM: Crescent NV’s Option, Verhaert, and DroneMatrix have formed a consortium to collaborate on a sub-6 GHz 5G Gateway platform coupled with an Edge AI module, a news release said. This technology platform will enable new innovations with a large number of sensors, massive data, low network latency and high reliability with AI data handling for smart…
Governor State Bank Reza Baqir appointed Chairman of General Assembly of Islamic Financial Services Board
KARACHI, PAKISTAN: Governor State Bank of Pakistan (SBP), Dr. Reza Baqir is appointed as the Chairman of the General Assembly of Islamic Financial Services Board (IFSB) for the year 2022, a news release said. Reza Baqir’s appointment was approved by the IFSB General Assembly in its 19th meeting held on 9th June 2021. On his…
Eurotunnel gets duty free sales back on its French terminal
PARIS, FRANCE: French government has agreed to authorize the return of duty-free sales on its French terminal. A quality process, led by the authorities, has restored a balanced and fair competition between the cross-Channel carriers. With the anticipated progressive return of passenger travel, duty free opens the way to higher traffic levels that will support…
Standard Drilling Plc to sell Standard Olympus for $7.5 million
LIMASSOL, CYPRUS: S.D. Standard Drilling Plc has entered into a Memorandum of Agreement (MOA) to sell Standard Olympus for USD 7.5 million. Through its wholly owned subsidiary Standard Olympus AS, S.D. Standard Drilling Plc, has agreed to sell Standard Olympus for gross USD 7.5 million. The sale of Standard Olympus will result in a gain…
Pollen Street & DBAY owned Bidco to buy Proactis Holdings for £74.9mn
LONDON, UK: Pollen Street Capital and DBAY owned Café Bidco Limited has agreed to acquire Proactis Holdings plc at approximately £74.9 million on a fully diluted basis, a news release said. Under the terms of the acquisition, each Proactis shareholder will be entitled to receive 75 pence in cash for each Proactis Holdings share. On…
Six Bidco Ltd to acquire Sigma Capital Group for £188.4 million
LONDON, UK: The boards of Six Bidco Ltd and Sigma Capital Group plc have reached agreement; accordingly Six Bidco will acquire entire share capital of Sigma for £188.4 million on a fully diluted basis, a news release said. Under the terms of the acquisition, each Sigma Shareholder will be entitled to receive 202.1 pence in…
Baltic Classifieds Group announces share sales and listing on London Stock Exchange
LONDON, UK: Baltic Classifieds Group (BCG) intends shares sales on the premium listing segment of the Official List of the FCA and to trading on the main market for listed securities of the London Stock Exchange. The final offer price in respect of the share sales (Offer Price) will be determined following a book-building process,…
Grainger plc acquires The Forge in New Castle for £57 million
LONDON, UK: Grainger plc, the UK’s largest listed residential landlord with 9,109 operational rental homes and a further 8,851 in its £2.1bn pipeline, has acquired The Forge, a stabilised income producing Build-to-Rent (BTR) asset comprising 283 rental apartments and a ground floor commercial unit via a corporate acquisition for £57m from Moorfield Real Estate Fund…
Supreme Plc to acquire Vendek Limited for a total of up to €1.82 million
LONDON, UK: Supreme Plc announced the acquisition of Vendek Limited, a leading Dublin-based distributor of batteries and lighting products, for an initial consideration of €1.07 million plus deferred consideration and a performance related earn-out of up to €0.75 million in aggregate. Vendek operates exclusively within Ireland, distributing battery and lighting products under the Osram, Panasonic…