LONDON: Directa Plus announced the appointment of a new Chief Financial Officer, Mr Giorgio Bonfanti, who will be taking up his new position on 31 May 2021. It is intended that Mr Bonfanti will join the board of directors in due course, and further announcements in this regard will be made at the appropriate time….
Zap-Map commercial partnership with Fleetcor UK & Good Energy further strategic investment
LONDON: Good Energy Group has made a further £1m strategic investment via a convertible loan note into Zap-Map’s parent company Next Green Car Ltd (NGCL). Zap-Map is the UK’s leading Electric Vehicle mapping service and the investment will fund the next stage of growth and scale commercial opportunities. Following the release of the EV payment…
Rio Tinto signs agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi
LONDON: Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion building on and replacing the arrangements established…
Next Fifteen Communications acquires Shopper Media Group and subsidiaries for £15.7 million
LONDON: Next Fifteen Communications Group announced the acquisition of the entire issued share capital of data-led business Shopper Media Group Ltd and its subsidiaries, Capture Marketing Ltd, Lobster Agency Ltd and Threefold Agency Ltd, a news release said. The initial consideration for the acquisition is approximately £15.7 million, of which approximately £11.8 million is to…
McNally Capital announces acquisition of Orbis Operations
CHICAGO: McNally Capital, a leader in Direct Family Capital, announced the acquisition of Orbis Operations. Orbis is a leading provider of intelligence and national security advisory services, software engineering and cyber services, and situational awareness training to the United States government and its allies, as well as select commercial clients. McNally acquired Orbis out of…
Christopher Synek appointed Chief Executive Officer of Neovia Logistics
IRVING: Neovia Logistics has appointed Christopher (Chris) Synek as Chief Executive Officer effective April 12, 2021. Synek will succeed current Chief Executive Officer Pat Olney and lead the company forward as it pursues its strategy of delivering superior operational results for customers. Synek has an extensive leadership background in logistics and operations management, with a…
Service Global Footwear Limited raises Rs2.175 billion in over-subscribed IPO
KARACHI: Service Global Footwear Limited (SGFL) successfully raised Rs. 2.175 billion through a two-day book building which saw a broad-based participation from institutional and high net-worth investors. The book building was over-subscribed by 5.8 times with price closing at the Rs. 53.2 per share. The book building saw a total demand of Rs. 8.946 billion…
NZX and SGX form partnership to promote dairy derivatives market
AUCKLAND: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have formed a strategic partnership to unlock and accelerate growth potential of NZX’s dairy derivatives, a news release said. This partnership brings together the complementary capabilities of the NZX and SGX to scale up market distribution and liquidity in the global dairy derivatives markets. It will…
Golden Leaf acquires 80% stake in CBD skincare brand, Fifth & Root
PORTLAND: Golden Leaf Holdings acquired 80 percent ownership in Fifth & Root, Inc., a nationally recognized CBD skincare brand based in California. Fifth & Root is available online at www.fifthandroot.com, and in major retailers including Ulta Beauty, Nordstrom, Anthropologie and Urban Outfitters. “The acquisition of these distribution channels greatly increases the Company’s visibility and reach,…
Luxxfolio agrees to acquire crypto mining company, WestBlock Capital
VANCOUVER: Luxxfolio Holdings Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of privately-held WestBlock Capital Inc., to be effected by way of a three-cornered amalgamation between WestBlock, Luxxfolio and a wholly-owned subsidiary of Luxxfolio. The consideration payable to WestBlock shareholders in the transaction consists of 16 million…
Supply of Rafale aircraft to India: Dassault Aviation clarifies allegations of corruption
SAINT-CLOUD: Faced with certain allegations reported in the press about the contract signed in 2016 with India for the supply of 36 Rafale combat aircraft, a Dassault Aviation spokesperson points out the following: – Numerous controls are carried out by official organizations, including the French Anti-Corruption Agency. No violations were reported, notably in the frame…
Lars Kufall Beck appointed new CFO of Topdanmark
COPENHAGEN: Topdanmark’s CFO Lars Thykier has decided to retire, and he will be replaced by Lars Kufall Beck. Lars Kufall Beck is 46 years old, and he comes from the position as CFO of Saxo Bank where he has been globally responsible for finance, procurement and treasury since 2019. Prior to joining Saxo Bank, he…