DOHA- QATAR: Widam Food Company, the main importer of meat to the State of Qatar, announced receiving a shipment of Sudanese 1600 heads of livestock. This shipment is the third one and the largest imported shipment received during the month of January 2021. The Company received two earlier shipments from Australia and Sudan which makes…
NetCents signs white label agreement for Cryptocurrency Exchange
VANCOUVER: NetCents Technology Inc., a cryptocurrency payments company, has agreed to white label the NC Exchange, a news release said. Embracing the current growth of cryptocurrency, NetCents continues to expand into a cutting-edge financial hub. “The white label opportunity is fantastic for us because we have already made the massive investment required to launch an…
Perk Labs enters booming US ecommerce market
VANCOUVER: Perk Labs Inc., the parent company of Perk Hero the mobile commerce platform, announced that its app and curated lifestyle products are now available to customers in the United States. “The eCommerce market in the United States is more than ten times the size of Canada’s and represents a massive market opportunity for our…
Rexel acquires a Canadian utility distribution business from Wesco
PARIS: Rexel Group has acquired the Canadian Utility business of WESCO International, a news release said. WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020. The acquisition of WESCO Canada Utility will provide…
HUBC initials agreement with CPPA-G in furtherance of MoU
§ According to the notice by Hub Power Company Limited (HUBC) to the PSX, CPPA-G and HUBC have initialed an agreement in furtherance of the MoU signed on August 21, 2020, where the CPPA-G is expected to pay HUBC’s overdue receivables in two installments of 40% and 60% respectively, within 30 business days. § The…
LondonMetric buys £22mn of long let convenience service stations, sells kwik fit and car wash assets
LONDON: LondonMetric Property Plc has acquired £21.9 million of convenience service stations across three separate transactions reflecting a blended NIY of 5.1%. The seven assets have a WAULT of 18 years and all benefit from contractual rental uplifts. The transactions comprise: · Four modern Co-op convenience service stations in Basingstoke, Dagenham and South Wales acquired…
Petroleum products sales rise 11% YoY during 7MFY21
Total petroleum products (POL) sales during 7MFY21 increased by 11% YoY to 11.27mn tons with growth seen across all major fuel segments. In the ongoing gas crisis, it is not surprising that the demand for Furnace Oil (FO) surged by an impressive 37% YoY during the period. This was followed by a 12% YoY increase…
Endúr ASA acquires Swedish marine infrastructure group Marcon
OSLO: Endúr ASA has entered into a share purchase agreement with Jörn Ryberg Holding AB og Cygnus Olor AB to acquire 100 percent of the shares in Marcon, a leading Swedish company engaged in marine infrastructure and civil engineering activities. “Marcon is a robust, fast-growing and highly profitable business. While Endúr holds a strong position…
Napatech partners Lenovo to improved data center performance for 5G providers
COPENHAGEN: Napatech AS, the leading provider of programmable Smart NICs, announced that Lenovo, a tier-1 global server manufacturer, has partnered with Napatech to deliver 25 and 100 gigabit Ethernet programmable Smart NICs to data centers. The solution is the result of joint product and technology development between Napatech and Lenovo to meet the most demanding…
Metro Bank acquires RateSetter portfolio of loans for £384 million
LONDON: Metro Bank PLC announced the acquisition of a portfolio of loans from peer-to-peer investors who have invested through the Retail Money Market Ltd (RateSetter) platform for a cash consideration of up to £384 million. The exact amount is expected to be less as the Portfolio will continue to amortise between announcement and expected completion…
PetroTal announces successful $100 million bond issue
HOUSTON: PetroTal Corp. has successfully completed the placement of a 3-year US $100 million senior secured bond (as announced on January 12, 2021) with a fixed coupon of 12% and a borrowing limit of $125 million. PetroTal intends to use the net proceeds from the Bond to repay all existing outstanding loans (in particular the…
FCA publishes review into unsecured credit market
LONDON: The Financial Conduct Authority (FCA) has published a report on change and innovation in the unsecured consumer credit market following a Review by its former Interim Chief Executive, Christopher Woolard CBE. The Woolard Review sets out how regulation can better support a healthy market for unsecured lending, taking into account the impact of the…