LONDON: IWG plc has appointed Glyn Hughes as Chief Financial Officer (CFO) with effect from 25 March 2021 when he will also join the Board. Glyn takes over the CFO role from Eric Hageman who will resign as a director of IWG plc on that date while remaining for a transitional period to ensure a…
Apax X Fund to acquire majority stake in Rodenstock Group
LONDON: Apax X Fund, in which AGA is a limited partner, announced that it has entered into a definitive agreement to acquire a majority stake in Rodenstock Group, a leading manufacturer of premium ophthalmic lenses. The transaction is expected to close by Q3 2021, subject to applicable regulatory requirements, a news release said. On a…
Mobile Streams announces acquisition of 49% of KrunchData Limited
LONDON: Mobile Streams has reached agreement to acquire a 49% interest in KrunchData Limited for £735,000, comprising £500,000 cash and 90,384,615 Ordinary Shares issued at 0.26p each, with an option to acquire the remaining 51% at any time in the next two years for £765,000. As part of the Transaction, it has been agreed that…
S4 Capital’s MediaMonks to merge with Jam3
LONDON: S4Capital plc has entered into a conditional agreement in relation to a merger of Jam3 with MediaMonks, which is S4Capital’s Content practice. Through the merger, MediaMonks will deepen its creative capabilities and expand its presence in Los Angeles, The Netherlands, Canada and Latin America–with an all-new expansion in Uruguay. Founded in 2004, Jam3 is…
Westpac considering selling New Zealand business
SYDNEY: Westpac is assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders. Westpac is in the very early stage of this assessment and no decisions have been made. This will also consider the impact of the Reserve Bank of New Zealand’s (RBNZ) reviews…
Seeka Limited agrees to acquire Opotiki Packing and Cool Storage Limited
AUCKLAND: Seeka Limited has entered into an amalgamation agreement which offers the shareholders of the leading regional integrated kiwifruit business Opotiki Packing and Cool Storage Limited (OPAC) new shares in Seeka Limited. The OPAC shareholders will receive new shares in Seeka at the ratio of 1.4833 Seeka shares for every 1 OPAC share held, valuing…
GFH signs agreement with BHB, CBB to offer Murabaha service
MANAMA: GFH Financial Group (GFH) announced the signing of an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB), which will allow the group to offer the Murabaha service to its clients. The service, launched in May 2020, is provided through the utilization of Sharia’a-compliant Ijara Sukuk as the underlying asset for the undertaking…
Incident in Atlantic Sapphire’s US facility
MIAMI: On Tuesday, March 23, 2021, Atlantic Sapphire USA LLC, a wholly owned subsidiary of Atlantic Sapphire ASA, had an incident in one of its grow out systems at Miami facility. The other systems were unaffected. The Company’s preliminary analysis, which remains subject to change, indicates that an identified design weakness from its RAS supplier…
EcoOnline lists on Euronext Growth Oslo
OSLO: EcoOnline, a leading provider of EHSQ software, has today been admitted to trading on Euronext Growth Oslo. For more than 20 years, EcoOnline has developed innovative solutions helping businesses in all industries and sizes to create safer, more sustainable, and more efficient workplaces. Today EcoOnline has a leading position in all the Nordic countries…
XLMedia completes acquisition of US Sports asset, Sports Betting Dime
LONDON: XLMedia, a leading global digital performance publisher, has completed the acquisition of the business and assets of Sports Betting Dime, which was first announced on 18 March 2021. The website sportsbettingdime.com is now operating under XLMedia’s existing licences and referring clients to its regulated US operator partners, under normal contractual terms. Stuart Simms, CEO…
TP ICAP announces completion of Liquidnet acquisition
LONDON: TP ICAP Group plc has completed the acquisition of Liquidnet Holdings Inc., a news release said. The Acquisition creates a diversified global markets infrastructure and data solutions provider. The Enlarged Group is well-positioned to benefit from powerful market structure trends related to buyside objectives. These include achieving trade process efficiency and best execution, which…
Altona signs MoU to acquire Mozambique rare earths mining project
LONDON: Altona Rare Earths has entered into a Memorandum of Understanding (MoU) with Ussokoti Investimetos Limitada to start a legal and technical Due Diligence period of 90 days with a view to acquiring up to 70% in the Monte Muambe Rare Earths Project, via an earn-in arrangement. The tenement is located in Tete Province, Northwestern…