SYDNEY: Wingara AG Limited announced the appointment of James Whiteside as CEO, effective 1 July 2021. The Board of Wingara would like to thank Zane Banson for his dedication and commitment in the role of Interim-CEO over the past 3 months. The Board looks forward to Zane returning to his role as CFO and a…
RPM Automotive Group acquires Elite Tyre Group and Super Tyre Mart for $1.6mn
SYDNEY: RPM Automotive Group Limited announced the acquisitions of Elite Tyre Group, Kealba, VIC (ETG) as well as Super Tyre Mart, Ravenhall, VIC (STM). The acquisition is an asset purchase agreement, with the total purchase price for ETG and STM being $1.6 million, and consideration comprising 70% cash and 30% equity (valued at RPM’s 60-day…
Santos enters new gas supply agreement with Rio Tinto
SYDNEY: Santos, Western Australia’s biggest domestic gas producer, signed a new gas supply agreement with global miner, Rio Tinto. Under the agreement, Santos will supply up to 15 PJs of natural gas to Rio Tintocommencing in late 2021. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Rio has been a long-term buyer of…
PointsBet acquires Banach Technologies
MELBOURNE: PointsBet Holdings Limited has completed the acquisition of Banach Technologies Limited. This acquisition will position PointsBet as a leader of in-play sports wagering in the United States, just as in-play wagering is expected to grow exponentially.Within the next 3 years, in-play wagering is expected to represent c. 75% of all sports wagering activity in…
American Pacific Borates forms Advisory Board to drive US listing process
SYDNEY: American Pacific Borates Limited has created a US Advisory Board to drive the Company’s US listing process. Commenting on the creation of the Advisory Board, ABR Chairman, David Salisbury said: “The creation of the US Advisory Board is a deliberate strategy enabling ABR to access a team of professionals like John Mitchell, Tim Johnston…
Just Life Group buys 60% stake in Designer Tanks Ltd
AUCKLAND, NZ: Just Life Group has acquired 60% of the business of Designer Tanks Ltd, a news release said Designer Tanks is a nationwide business, which supplies designer water tanks for Kiwi homes. The rationale to invest is that this is a growth business in a growth segment: 1. Sustainability is the future, and conserving…
Primerica Inc. to acquire TRG Pakistan Limited in a $600 million deal
KARACHI: Primerica Inc, a Delaware Corporation has entered into a share purchase agreement with E-Telequote Limited to acquire 80% of the shareholding at an enterprise value of US$600mn. The remaining 20% stake will be acquired by Primerica over next four years. The deal is expected to be not before Jul 01, 2021, as per notices…
Pakistan textile exports surge by 30% YoY in March
During Mar-2021, textile exports increased by 30% YoY to US$1.36bn, compared to US$1.04bn in the same month last year. Growth during the month was essentially a recovery, given the poor performance of textile exports in Mar-2020 owing to the lockdowns. Had the pandemic not occurred, the growth in Mar-2021 would have been closer to ~3.5%…
Stora Enso to permanently close pulp and paper production at Kvarnsveden and Veitsiluoto mills
HELSINKI: Stora Enso will start co-determination negotiations with employees at its Kvarnsveden Mill in Sweden and Veitsiluoto Mill in Finland regarding a plan to permanently close down pulp and paper production at both mills. The planned closures would take place during the third quarter of 2021, and affect directly 670 people in Finland and 440…
Quantum Genomics announces the end of its collaboration with Chinese Pharma Qilu
PARIS: Quantum Genomics announced the end of its collaboration with Chinese Pharma Qilu in the development and the commercialization of firibastat in China. Quantum Genomics is a biopharmaceutical company specializing in developing a new drug class that directly targets the brain to treat difficult-to-treat and resistant hypertension and heart failure. In the frame of their…
Aquila European Renewables secures EUR 40 million revolving credit facility
LONDON: Aquila European Renewables Income Fund announced that its wholly owned subsidiary, Tesseract Holdings Limited has reached contractual close in relation to a two year, EUR 40 million secured revolving credit facility (RCF). Lenders under the RCF include ING Bank N.V. and The Royal Bank of Scotland International Limited. As outlined in the Company’s Initial…
Gfinity plc appoints Chief Revenue & Transformation Officer
LONDON: Gfinity Plc, a world-leading esports solutions provider, today announces the appointment of Thomas (Tom) Preising to the new role of Chief Revenue and Transformation Officer. Tom joins the Gfinity team with immediate effect. Tom has over 33 years’ experience in senior operations roles for technology companies and has established a successful track record of…