OSLO: BASF, Quantafuel and REMONDIS have signed a Memorandum of Understanding (MoU) to jointly evaluate a cooperation in chemical recycling including a joint investment into a pyrolysis plant for plastic waste. It is intended that REMONDIS, one of the world’s leading waste and water management companies, supplies suitable plastic waste to the plant, and chemical…
Catena Group to acquire 89.9% of Insight Capital Partners in £29.4 million deal
LONDON: Catena Group Plc has signed a conditional acquisition agreement to acquire Insight Capital Partners, a data science and machine learning solutions company. The Acquisition is for the balance of Insight shares not already owned by the Company, following Catena’s initial acquisition of 9.1 percent of Insight in March 2020. The Acquisition constitutes a reverse…
Victoria PLC announces €35 million acquisitions of Ceramica Colli, Vallelunga and Ceramiche Santa Maria
LONDON: The Board of Victoria PLC has concluded the purchase of the assets and business of ceramic tile distributors, Ceramica Colli and Vallelunga, and the shares of ceramic tile manufacturer, Ceramiche Santa Maria. Total consideration (on a debt-free, cash-free basis) is c. €35 million and will be funded from the Company’s existing resources. The acquisitions…
Victoria PLC (LSE:VCP)
Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L), Victoria PLC (LSE:VCP), is an international manufacturer and distributor of innovative flooring products. The Group, which is headquartered in Kidderminster, UK, designs, manufactures and distributes a range of carpet, flooring underlay, ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring accessories….
Plus500 Ltd to acquire Cunningham Commodities and Cunningham Trading Systems
LONDON: Plus500 Ltd has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC., a regulated Futures Commission Merchant (FCM), and Cunningham Trading Systems LLC. (CTS), a technology trading platform provider, operating in the futures and options on futures market in the US. Compelling strategic rationale The Acquisition represents a major growth…
Zenith makes binding offer to acquire oil production and development assets in Tunisia
LONDON: Zenith Energy Ltd. has made a binding offer to wholly acquire a company holding a 100% interest in two oil and gas production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a mix of cash payments and assumption of debt by Zenith for a total consideration…
Tritax Big Box acquires Avonmouth asset for £90 million
LONDON: Tritax Big Box REIT has acquired an 872,000 sq ft distribution unit in Avonmouth for £90 million, reflecting an attractive net initial yield of 5.1% for c.13 year income. Secured through an off-market acquisition, the asset expands the Company’s exposure to the increasingly important South West of England: · Avonmouth is the principal logistics…
IDEX Biometrics Appoints James Simms as Chief Financial Officer
OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has appointed James A. Simms as Chief Financial Officer with effect from 26 April 2021. Mr. Simms is an accomplished executive, with extensive experience with publicly-listed companies across high technology. Since 2008, he has served as Chief Financial Officer and a…
Apple launches AirTag
CUPERTINO: Apple has introduced AirTag, a small and elegantly designed accessory that helps keep track of and find the items that matter most with Apple’s Find My app. Whether attached to a handbag, keys, backpack, or other items, AirTag taps into the vast, global Find My network and can help locate a lost item, all…
Athleta to enter Canada, first company owned expansion outside United States
SAN FRANCISCO: Gap Inc. brand Athleta, announced it will enter Canada later this year, marking the performance lifestyle brand’s first company owned expansion outside the United States. Athleta plans to launch e-commerce late this summer followed by opening retail stores at Yorkdale Shopping Center in North York, Ontario and Park Royal Shopping Centre in West…
Fresh Acquisitions LLC files for Chapter 11 Bankruptcy
SAN ANTONIO: Fresh Acquisitions LLC filed for Chapter 11 bankruptcy protection earlier to strengthen their operations and recapitalize their businesses. The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands. “As with almost every one of our peers, buffet restaurants took the brunt of the…
TECO 2030 launches hybrid/closed loop Future Funnel
LYSAKER: TECO 2030 ASA announced that the TECO 2030 Future Funnel has been further developed and now offers hybrid and closed loop alongside the already existing open loop. As the development is complete, TECO 2030 is proud to launch market-ready hybrid and closed-loop systems with the main purpose of reducing SOx, NOx, and ready for…