SAN DIEGO: Tryp Therapeutics Inc. has appointed Greg McKee as its Chief Executive Officer, a news release said. Mr. McKee will also continue in his responsibilities as Chairman of the Board of Directors of the Company. Mr. McKee has extensive experience leading publicly traded pharmaceutical companies and brings a vast network of relationships in the…
IM Cannabis Corp. to acquire MYM Nutraceuticals Inc. in a share exchange deal
TORONTO: IM Cannabis Corp. has entered into a definitive agreement to acquire MYM Nutraceuticals Inc. and its licensed producer subsidiary Highland Grow Inc. Under the terms of the transaction, the shareholders of MYM will receive 0.022 common shares of IMC for each common share of MYM. Based on the 20-day volume-weighted average price (VWAP) of…
Inspired Education agrees to acquire Wey Education
LONDON: Inspired Education Online Limited (Bidco) has agreed on a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Wey Education. The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders. The purpose of the Scheme…
AFC Energy enters MoU with Altaaqa Alternative Solutions to distribute its fuel cell systems in MENA
RIYADH: AFC Energy signed a non-binding Memorandum of Understanding (MoU) with Altaaqa Alternative Solutions Company Limited with the intention of establishing an exclusive dealership for the distribution of AFC’s fuel cell systems in Saudi Arabia and the Middle East & North Africa (MENA) regions via a strategic partnership. AFC Energy announced that it has signed…
Commerzbank to launch voluntary programme for the necessary headcount reduction
LONDON: Commerzbank AG has reached an agreement with the Central Works Council on a voluntary programme for the necessary headcount reduction. A reduction in Germany totalling around 1,700 full-time equivalents is to be achieved through the programme by the end of 2021. Commerzbank is making good progress on its roadmap towards the cost reductions targeted…
Pakistan Stock Exchange signs agreement with 1LINK 1BILL to launch E-IPO system
KARACHI: An agreement was signed between Pakistan Stock Exchange (PSX) and 1LINK to launch the new payment and registration system by PSX. This new payment and registration system will support in digitally transforming the Initial Public Offering (IPO) process through an E-IPO system. The E-IPO system will electronically connect investors, share registrars with brokers /…
Searle Company to manufacture Livzon Mapharm’s Covid vaccine in Pakistan
KARACHI: The Searle Company Limited has concluded an agreement with China’s Livzon Mapharm Inc. for the manufacturing of novel coronavirus vaccine (V-01) in Pakistan. “The Searle Company has concluded an exclusive licensing and supply agreement with Livzon Mapharm Inc. for the recombinant novel coronavirus vaccine (V-01). The licensing agreement also covers the manufacturing transition of…
Midsummer increases order intake of solar panels by 550 percent
STOCKHOLM: The Swedish manufacturer of solar cells and solar panels Midsummer increased order intake of its thin, light and flexible solar panels SLIM, WAVE and BOLD by 551 per cent during the first quarter this year compared with the same period last year, a news release said. ”We have shifted our business focus over the…
Wipro to acquire Ampion
MELBOURNE: Wipro Limited has signed an agreement to acquire Ampion, an Australia-based provider of cyber security, DevOps and quality engineering services. Ampion was formed through the merger of IT services providers ‘Revolution IT’ and ‘Shelde’. Revolution IT was an IT services company in Australia founded in 2004 and Shelde was a digital IT security company…
VINCI to acquire ACS’ energy business at an enterprise value of €4.2 billion
PARIS: VINCI has announced the signing of an agreement to acquire ACS’s energy business. The transaction price is based on an enterprise value of €4.2 billion. The transaction price is based on an enterprise value of €4.2 billion. It leads to an estimated purchase price at closing of c. €4.9 billion, assuming a closing at…
UKCM disposes Kew Retail Park to UK Housebuilder for £41 million
LONDON: UK Commercial Property REIT Limited, which is managed and advised by Aberdeen Standard Investments, has sold its Kew Retail Park asset in London to a leading UK housebuilder. UKCM will receive a consideration of £41 million for the asset, marginally below the 31 December 2020 book value. Of the complete 10 acre Retail Park,…
UK Commercial Property REIT
UK Commercial Property REIT is a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange. It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in and managing a £1.21 billion (as at 31 December 2020) diversified portfolio. The portfolio has…