SYDNEY: Canyon Resources Limited (ASX: CAY) has announced that its wholly owned subsidiary, Camalco Cameroon SA, will acquire a 9.1% interest in Camrail SA, the operator of Cameroon’s rail network. This significant move, backed by two share sale agreements, marks a major milestone for Canyon’s flagship Minim Martap Bauxite Project. Camalco will acquire a 3.8% equity…
Insignia Financial receives revised takeover proposals from Bain Capital and CC Capital
MELBOURNE: Insignia Financial Ltd. (ASX: IFL), a leading Australian wealth manager, announced on March 7, 2025, that it has received revised non-binding takeover proposals from Bain Capital Private Equity, LP, and CC Capital Partners, LLC. Both firms have offered to acquire all shares in Insignia Financial at A$5.00 per share, representing an 8.7% increase from their…
Aghast Solutions secures $4.8 million funding for Asian expansion
Aghast Solutions, a pioneering tech startup, has successfully closed a $4.8 million funding round backed by private and institutional investors. This investment will fuel the company’s expansion into the Asian market, with new offices in Singapore, Thailand, and Hong Kong. Shifting its focus from vendor-based services, Aghast Solutions will now develop proprietary brands in the…
AlTi Global acquires Kontora Family Office GmbH
NEW YORK: AlTi Global, Inc. (NASDAQ: ALTI), a leading independent global wealth manager, has announced the acquisition of Kontora Family Office GmbH. Kontora, headquartered in Hamburg, Germany, is a multi-family office and asset management company serving ultra-high-net-worth families, entrepreneurs, and select institutions, with assets under management (AUM) of approximately €14 billion. The acquisition advances AlTi’s strategy to…
Seven & i Holdings appoints Stephen Dacus as first foreign CEO
Seven & i Holdings, the parent company of 7-Eleven, announced on Thursday that it will replace CEO Ryuichi Isaka with Stephen Dacus, the lead independent outside director. Dacus will become the first foreigner to hold the top executive position at the company, according to domestic media reports. Dacus will assume his new role on May…
Hilton Food Group and NADEC forge partnership to enhance Saudi meat market
LONDON: Hilton Food Group has entered into a new Joint Venture (JV) with The National Agricultural Development Company (NADEC) in the Kingdom of Saudi Arabia, expanding the Group’s global reach into the Middle East. This long-term collaboration, initially for a period of 10 years, combines Hilton Foods’ expertise in meat processing and packaging with NADEC’s extensive local…
Duxton Water sells water entitlements to Australian government for $121.3 million
STIRLING: Duxton Water announced Thursday it has agreed to sell 30,614 megalitres of water entitlements to the Australian Federal Government for approximately $121.3 million. The sale is part of a government initiative to enhance environmental water flows in the Murray-Darling Basin. The transaction, conducted at a premium to Duxton Water’s current net asset value, includes high…
Inghams Group announces Matthew Easton as new CEO for New Zealand
AUCKLAND: Inghams Group (ASX: ING), a leading poultry producer, announced the appointment of Matthew Easton as the new Chief Executive for its New Zealand operations, effective March 10, 2025. This follows an ASX announcement on December 16, 2024, regarding the departure of the current Chief Executive, Edward Alexander, who will step down on June 30, 2025. Andrew…
Air New Zealand CEO Greg Foran to step down in October 2025
AUCKLAND: Air New Zealand announced today that Chief Executive Officer Greg Foran will resign and leave the airline on October 20, 2025. Chair, Dame Therese Walsh, stated that Foran has indicated to the Board that he believes the airline is well-positioned to continue its trajectory of growth and innovation, and the time is right for him to…
Finexia Financial Group announces proposed disposal of businesses
SYDNEY: Finexia Financial Group Limited (ASX: FNX) announced on Thursday that it is considering the disposal of a significant portion of its business, including the sale of Creative Capital Group Pty Ltd (CCG) and the management rights of the Finexia Childcare Finance Trust (FCFT). The proposed transaction comes after the resignation of former CEO Patrick Bell,…
Leo Quinn to step down as CEO Balfour Beatty, Philip Hoare appointed successor
LONDON: Balfour Beatty plc, the international infrastructure group, has announced that Leo Quinn will step down from the Board later this year after more than a decade of service as Group Chief Executive. Following an extensive international search, the Board has selected Philip Hoare, the current Chief Operating Officer at AtkinsRéalis, to succeed Quinn. Hoare will…
Payoneer partners with Meezan Bank to enhance cross-border payments for Pakistani businesses
Payoneer (NASDAQ: PAYO), the financial technology company empowering the world’s small and medium-sized businesses (SMBs) to transact, do business, and grow globally, has partnered with Meezan Bank, Pakistan’s leading Islamic bank, to enhance cross-border payments for Pakistani SMBs, entrepreneurs, and freelancers. The signing ceremony took place at Meezan Bank’s Head Office, attended by Syed Amir Ali,…