LONDON: Aviva plc has reached a significant milestone in the execution of strategy, with the agreement to sell its entire shareholding in Aviva Poland to Allianz for a cash consideration of €2.5 billion, valuing the acquired business at €2.7 billion, a news release said. Aviva will now focus on its strongest businesses in the UK,…
GenSight raises €30mn in an oversubscribed private placement in EU and US
PARIS: GenSight Biologics has announced that the company has successfully raised €30 million in an oversubscribed private placement with European and US institutional investors. The Company has issued 4.477 million new ordinary shares with a nominal value of €0.025 each, for total gross proceeds of approximately €30 million by means of an accelerated book building…
Optidev remains on the list of Sweden’s Best Workplaces
OSLO: Optidev is for the third time on the list of Sweden’s Great Places to Work, and thus once again one of Sweden’s 25 best places to work. Also read: Techstep has completed the acquisition of Optidev AB “As CEO of Techstep, I am of course extremely proud that Optidev has been named one of…
Capgemini acquires RXP Services
PARIS: Capgemini has completed the acquisition of RXP Services, a news release said. With the addition of more than 550 professionals, the deal expands Capgemini’s operations in Australia. The acquisition by way of scheme of arrangement was approved by the requisite majorities of RXP Services shareholders and by the Federal Court of Australia. Headquartered in…
WINEDEPOT and eBay to provide Australian wineries list their products directly on eBay
SYDNEY: Digital Wine Ventures Limited announced that WINEDEPOT has entered into a memorandum of understanding (MoU) with eBay, Australia’s number one online shopping site. Under the MoU, WINEDEPOT and eBay will negotiate the terms of a partnership to provide Australian wineries with the ability to list their products directly on eBay without having to set…
Hornetsecurity acquires Canadian firm, Zerospam
PITTSBURGH: Hornetsecurity Group, a leading cloud email security provider, has acquired Zerospam, email protection specialists headquartered in Montreal, Canada. Zerospam is a fast-growing business that serves more than 4,000 small, midsized and enterprise customers worldwide via an ecosystem of 400+ partners focused primarily on Canada and the US. It is a recognized leader in providing…
Mad Paws commences trading at Australian Securities Exchange after over subscribed IPO
SYDNEY: Mad Paws Holdings Limited (MPA), an Australia-based pet services business, is admitted to the Official List on 26 March 2021 and has commenced trading on the Australian Securities Exchange (ASX) today, after closing its oversubscribed Initial Public Offer (IPO). The IPO raised $12m at 20 cents per share, and on listing has a market…
Air New Zealand appoints Mat Bolland as Chief Corporate Affairs Officer
AUCKLAND: Air New Zealand has appointed Mat Bolland to the newly created role of Chief Corporate Affairs Officer. With a corporate affairs career of more than 20 years, Mr Bolland’s experience has spanned energy, water and telecommunications through periods of crisis and significant industry change. Mr Bolland is currently General Manager Corporate and Regulatory Affairs…
Routeware Global Acquires ReCollect to Add Digital Engagement Expertise
PORTLAND: Routeware Global Inc. has acquired ReCollect Systems Inc., an innovative provider of communication and education tools for recycling. Headquartered in Vancouver, British Columbia, ReCollect helps governments and businesses make recycling more effective in their communities by using digital services to transform citizen engagement. ReCollect’s mobile applications and online tools help reduce contamination, “wishcycling”, and…
AmSty and Agilyx collaborate to build advanced recycling facility in Louisiana
WOODLANDS: AmSty, the largest polystyrene producer in the Americas, and Agilyx Corporation announced an agreement to explore the development of a jointly owned advanced recycling facility. The initial scope of this project will be a 50 to 100 ton per day advanced recycling facility located at AmSty’s Styrene production facility in St. James, Louisiana. The…
Air Lease Corporation leases Airbus A320-200 Aircraft to HiSky Moldova
LOS ANGELES: Air Lease Corporation (ALC) announced a long-term lease placement for one used Airbus A320-200 aircraft with HiSky Moldova. Scheduled to deliver in April 2021, this is ALC’s third Airbus A320 family aircraft placement with the Moldovan startup airline, a news release said. “We are pleased to announce this agreement to deliver our third…
HTL expands Zic oil distribution to Afghanistan
KARACHI: Hi-Tech Lubricants Ltd. (HTL) and Osman Ghani Ltd., an Afghanistan based company, have entered into a non-exclusive distribution agreement for export of locally blended ZIC brand products to Afghanistan. “We have widened the scope of HTL’s distribution network beyond the geographical borders of Islamic Republic of Pakistan to cater the increasing demands of HTL’s…