KARACHI: TPL Properties Limited, through its wholly owned Subsidiary G-18 (Private) Limited, has acquired a 10,002 square yards plot in Korangi Industrial Area to develop state-of-art, first ever technology park in Sindh with high end technology facilities. Such infrastructure shall provide a platform to the IT sector across Pakistan. The timeline for the completion of…
Directa Plus signs supply and strategic R&D agreement with NexTech Batteries
LONDON, UK: Directa Plus has signed a supply agreement and a Strategic R&D Agreement with NexTech Batteries Inc. These agreements follow on from the Memorandum of Understanding entered into between the two companies and announced on 26 October 2020. The Supply Agreement has an initial duration of three years, with an option to extend for…
Mitchells & Butlers announces open offer to raise up to £351 million
LONDON: Board of Mitchells & Butlers plc has announced an underwritten fully pre-emptive open offer to raise up to £351 million, a news release said. Background to the Open Offer: · The Group’s liquidity position has deteriorated significantly as a result of the impact of the COVID-19 pandemic and the Open Offer is critical for…
CentralNic Group to acquire Wando Internet Solutions
LONDON: CentralNic Group plc has entered into a binding agreement to acquire Wando Internet Solutions GmbH for an initial consideration of EUR 5.4 million, a news release said. Based in Berlin, Germany, Wando is a technology company operating in the fields of Social marketing, Display advertising and SEM Advertising. In FY2020, Wando generated unaudited revenue…
Argo Blockchain signs priority supply and collaboration agreement with ePIC Blockchain
LONDON: Argo Blockchain has signed a commercial agreement with ePIC Blockchain Technologies (ePIC), a supplier of industry-leading ASIC mining machines which will allow Argo priority access to state-of-the-art ASIC mining rigs. The companies will also work together throughout the development process to build machines specifically to Argo’s specifications, a news release said. As part of…
Magnora ASA to acquire South African company
OSLO: Magnora ASA has entered into agreements to acquire 100 percent of the shares in a South African company with a 775 MW greenfield renewable development portfolio. In addition, Vindr group is merging with an onshore wind and solar PV project developer in the South African market. In connection with this, Magnora increases its ownership…
Atos International completes the acquisition of Profit4SF
UTRECHT: Atos International has completed the acquisition of Profit4SF, a Dutch-based technology and management consulting company specializing in Salesforce enterprise implementations for its customers across the Netherlands, a news release said. With this transaction, Atos re-affirms its ambitions to grow its expertise on Salesforce technologies across the globe, following the acquisitions of Eagle Creek and…
Bank of Queensland to acquire 100% of ME Bank for $1.325 bn
BRISBANE: Bank of Queensland Limited (BOQ) has entered into an agreement to acquire 100% of Members Equity Bank Limited (ME Bank) for cash consideration of $1.325 billion, a news release said. The acquisition will be funded by an underwritten capital raising of $1.35 billion. Chairman Patrick Allaway stated, “Today’s announcement is another major step in…
Tower Limited to acquire ANZ legacy portfolio
AUCKLAND: Tower Limited has agreed to pay $14 million in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a portfolio of insurance underwritten by Tower. This transaction enables this portfolio to be brought into the Tower Direct business. Tower provided insurance for ANZ and National Bank customers between 1990…
Manuel Ramos appointed CEO of Silver Mountain Mining Operations Inc
SYDNEY: Eagle Mountain Mining Limited has appointed Manuel Ramos as Chief Executive Officer of the Company’s wholly-owned US subsidiary, Silver Mountain Mining Operations Inc, the operator of the Oracle Ridge Copper Project. Ramos is a veteran of the Arizona copper industry. He was President and Chief Operating Officer for ASARCO LLC between 2009 and 2018….
Qatari Germany for Medical Devices evaluating plant expansion
DOHA, QATAR: Qatari Germany for Medical Devices Company (QGMD), a leading manufacturer of Medical Devices in the Middle East, is currently studying the extent of the possibility of expanding the plant by adding additional production lines to be able to meet local and international orders, a news release said. The demand for medical supplies is…
MCB – Corporate Briefing
MCB held its conference call today whereby they discussed the banks’ financials and its future outlook. The call was led by the CFO Mr. Hammad Khalid. Highlights: · To recall, MCB announced earnings for CY20 slightly below expectations, at PKR 29.4bn (EPS: PKR 24.82), depicting a YoY uptick of 23%, while declining 40% QoQ (4QCY20…