BUDAPEST: 4iG PLC signed a preliminary, non-binding, agreement with RCS & RDS consortium to acquire the 100% ownership of DIGI Távközlési Szolgáltató Kft. and its subsidiaries, Invitel Zrt. and I TV Zrt. The acquisition is aimed to be completed by September 2021, subject to due diligence of the target company and its subsidiaries, the signing…
Canada based Requiti acquire fintech Pinmo for CAD13 million
ONTARIO: Requiti Capital, a Canadian firm, has acquired fintech company Pinmo for CAD 13 million. Until its acquisition, Pinmo has been offering tax credit solutions for the last four years but began initially as a tech startup specializing in social media monetization and advertising technologies. With the new acquisition, Requiti will now focus on offering…
Quisitive Technology Solutions to acquire BankCard USA merchant services
TORONTO: Quisitive Technology Solutions Inc. has entered into a stock purchase agreement to acquire BankCard USA Merchant Services for US$100 million in cash and the issuance of 50 million common shares in the capital of Quisitive, a news release said. BankCard, an arm’s length party to Quisitive, is an established all-in-one merchant payment services provider…
Infratil approves acquisition of its shares on behalf of Morrison & Co
AUCKLAND: Infratil Limited has approved the on-market acquisition of $20 million of Infratil shares on behalf of certain Morrison & Co executives and Morrison & Co. The shares to be acquired for Morrison & Co executives are subject to a lock-up between Morrison & Co and the executives of between 12 and 24 months. Approval…
Moody’s affirms CNP Assurances’ financial strength rating
PARIS: Credit rating agency Moody’s has affirmed its financial strength and subordinated notes ratings for CNP Assurances despite the unprecedented health and financial crisis. As previously, the A1 financial strength rating (with stable outlook) for the Group does not include any specific uplift linked to CNP Assurances’ shareholding structure. In its press release published on…
Lleida.net listed on the Euronext Tech Croissance index of the European stock exchange
PARIS: Lleida.net has been included in the Euronext Tech Croissance index of the pan-European stock exchange, the index that brings together the leading technology companies in that market. The index includes the largest capitalised and most liquid technology companies with a minimum daily average liquidity of EUR 10,000 and a capitalisation of between EUR 25…
Alstom wins €1.4 billion contact to manufacture 152 high-capacity X’Trapolis commuter trains for Renfe
PARIS: Alstom has won a contract to provide Renfe, the Spanish national railway operator, with 152 high-capacity trains for a total amount of more than €1.4 billion. The trains will come from Alstom’s X’Trapolis range of suburban trains. The contract also includes the maintenance of 56 of the trains for a period of 15 years…
Corem announces offer to shareholders in Klövern with intent to merge the two companies
STOCKHOLM: Corem Property Group AB announced a public offer to the shareholders of Klövern AB to acquire all outstanding shares in Klövern in exchange for newly issued shares in Corem. The Offer equals a consideration of approximately SEK 16.5 per ordinary share and SEK 323.0 per preference share in Klövern at the time of the…
Dr Karl Keegan appointed CFO at e-therapeutics plc
OXFORD: e-therapeutics plc announced the appointment of Dr Karl Keegan as Chief Financial Officer (CFO) effective immediately. The CFO role will be a non-board position. Dr Keegan brings a depth of capital market and strategic financing experience with over 20 years’ experience in the pharmaceutical and biotech industries. After working in academia and large pharma,…
Cazoo to become listed on NYSE through $7.0bn combination with AJAX I
LONDON: DMGT currently owns a c.20% stake in Cazoo, the UK’s leading online car retailer with a fast-growing presence in Europe, through its venture capital arm, dmg ventures. DMGT notes the announcement by Cazoo of a definitive business combination agreement with AJAX I (‘AJAX’), a publicly-traded special purpose acquisition company (‘SPAC’) listed on the New…
LXi REIT announces seven long income grocery acquisitions totalling £85 million
LONDON: The Board of LXi REIT announced seven separate long income acquisitions in the grocery sector from six different developers/vendors, following the Company’s £125 million capital raise on 11 March 2021. The Acquisitions are for a total cost of £85 million and comprise both pre-let forward fundings and built investments, secured to strong tenant covenants…
OKYO announces appointment of Dr Rajkumar Patil as Chief Scientific Officer
LONDON: OKYO Pharma Limited has appointed Dr Rajkumar Patil as Chief Scientific Officer. Dr Patil brings 30 years of ophthalmic and pharmaceutical R&D experience. Dr Patil worked with Ora Inc, as Vice President of Research & Development, where he was responsible for driving all anterior and posterior segment research of Ora’s R&D Institute. During 2013-2018,…