LONDON: JD Sports Fashion has entered into a conditional agreement for the acquisition of 60% of Marketing Investment Group S.A. (MIG), a news release said. Based in Krakow, Poland, and founded in 1989, MIG is currently majority owned by brothers Andrzej and Zbigniew Grząka. The business operates 410 retail stores and associated trading websites across…
ldox plc sells its compliance operations business to Sponge Group for £9.0 million
LONDON: ldox plc, a supplier of specialist information management software and solutions, has agreed the disposal of its Compliance Operations business, to Sponge Group Limited for £9.0 million cash on completion. The Compliance Operations business, part of Idox’s Content Division is based in Germany and Belgium and employs 48 people. The transaction will see Sponge…
Avingtrans sells Peter Brotherhood Limited to Howden for £35 million
LONDON: Avingtrans plc has completed the sale of Peter Brotherhood Limited to Howden, a leading global provider of mission critical air and gas handling products, for a total consideration of £35.0 million. Peter Brotherhood, based in Peterborough, UK, which sat within Avingtrans’ Process Solutions and Rotating Equipment (PSRE) division, specialises in the design, manufacture and…
Kistos Plc signs binding agreement to acquire Tulip Oil Netherlands
LONDON: Kistos Plc, the closed-ended investment company, has entered into a binding share purchase agreement to acquire the entire issued and outstanding share capital of Tulip Oil Netherlands B.V. (TON) from Tulip Oil Holding B.V (TOH). Proposed transaction: · Kistos proposes the acquisition of TON, which, via its wholly-owned subsidiary, Tulip Oil Netherlands Offshore B.V….
Auburn Resources to acquire Armour Energy’s subsidiary Ripple Resources
SYDNEY: A share acquisition agreement has been executed between Auburn Resources Limited and Armour Energy Limited, pursuant to which Auburn will acquire Armour’s wholly owned subsidiary, Ripple Resources Pty Ltd. Ripple currently holds a number of mineral exploration tenements in Queensland and the Northern Territory considered to be prospective for zinc, lead, and gold. Under…
Enprise Group increases iSell Pty Limited holding
AUCKLAND: Enprise Group has increased its holding in iSell Pty Limited to 71.1%, a news release said. Enprise has participated in an iSell Pty Limited $1m rights issue and has taken up its rights plus some shortfall shares. Enprise investment has been for 2,162,851 new shares at A$0.40 per share. Enprise has used existing cash…
Lucky’s greenfield cement plant in Iraq commences commercial operations
KARACHI: Lucky Cement notified the bourse on Thursday that the greenfield cement production facility in Samawah, Iraq with a capacity of 1.2 million tons/annum commenced its commercial operations with effect from March 10, 2021. The said cement production facility is a joint venture with between Lucky Cement and Al-Shamookh group of Iraq. Consequent to this…
Pakistan’s automobile sales increase 35%: PAMA
Pakistan Automobile Manufacturers Association (PAMA) released latest auto sales data for Feb’21, portraying an increase of 35% YoY to 16,436 units. The surge in sales can be attributable to i) Pickup in economic activity resulting in higher demand of automobiles, ii) Lower policy rate helping car sales to increase drastically as auto financing has increased…
Total and Microsoft collaborate to further digital transformation and net zero goals
PARIS: Total and Microsoft announced that they have agreed to collaborate as strategic partners to further digital transformation and support progress toward net-zero emissions. The dynamic development of Microsoft and Total in their respective areas of expertise and their rich histories of innovation brings many concrete opportunities for collaboration over a multi-year timeframe: Total’s global…
LINK Mobility signs mobile communication agreement with Everbridge
OSLO: LINK Mobility has signed a mobile communication agreement with Everbridge to help keep people safe and organizations running amid critical events, a news release said. LINK, Europe’s leading provider in the mobile communications industry, today announces that U.S.-based Everbridge, the global leader in critical event management (CEM) has selected the company as a short…
Norwegian Air Shuttle launches reconstruction processes to exit from Irish examinership
OSLO: Following the Irish High Court’s decision on Friday 5 March 2021 in respect of the repudiation of certain contracts, Mr Kieran Wallace of KPMG Ireland as Examiner of Norwegian Air Shuttle and a number of Irish subsidiaries of the Group proposed schemes of arrangement for the financial restructuring the Company and the Examinership Companies,…
Sosandar launches brand partnership with Marks & Spencer
LONDON: Sosandar Plc, the online women’s fashion brand, is pleased to announce that it has entered into an agreement to sell a curated collection of its products through Marks & Spencer as a third-party online retailer. Through the consignment agreement, a selected range will begin to be sold on M&S’ online platform from late March,…