LONDON: Atlas Mara Limited, the sub-Saharan African financial services group, has entered into definitive agreements with KCB Group Plc for the sale of the Group’s banking assets in Rwanda and Tanzania, a news release said. The Transaction is subject to regulatory approvals and other customary conditions precedent, including approvals and consents from the relevant central…
Jersey Oil & Gas signs agreement to acquire CIECO V&C (UK) Limited
LONDON: Jersey Oil & Gas (JOG) has entered into a conditional sale and purchase agreement (SPA) to acquire the entire issued share capital of CIECO V&C (UK) Limited, which is currently owned by ITOCHU Corporation and Japan Oil, Gas and Metals National Corporation (JOGMEC). Principal Acquisition Terms: – A completion payment of £150,000 in cash…
Bega Cheese acquires Lion Dairy & Drinks (LD&D)
SYDNEY: Bega Cheese Limited has entered into a binding Share Sale and Purchase Agreement to acquire all of the shares in Lion Dairy & Drinks (LD&D) for a net acquisition price of $534 million. Completion of the Acquisition is anticipated to occur at the end of January 20212. The Acquisition will be funded by a…
Mirrabooka Investments appoints Annette Kimmitt, and Greg Richards
SYDNEY: Mirrabooka Investments Limited announced that Annette Kimmitt AM and Greg Richards have been appointed as Independent Non-Executive Directors of the Company, effective from 1 January 2021. Annette is the global CEO and Managing Partner at MinterEllison, a role she has held since October 2018. Annette’s executive career has included a range of senior roles…
Logmore launches first logistics monitor designed for COVID-19 vaccine delivery
HELSINKI: Supply chain analytics solution provider Logmore has announced the launch of its latest product. Logmore Dry Ice, a high-spec version of Logmore’s original data recorder, has been adapted for cold and sub-zero conditions. The solution is designed for sensitive shipments, such as the COVID-19 vaccine the moment it becomes available. Since its founding in…
Unilever signs agreement to acquire SmartyPants Vitamins
ENGLEWOOD CLIFFS: Unilever has signed an agreement to acquire SmartyPants Vitamins, a U.S.-based Vitamin, Mineral & Supplement company, a news release said. Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions. Based in Los Angeles, SmartyPants Vitamins was founded in 2011 by entrepreneurs Courtney Nichols Gould…
Foreign investors not satisfied with the state of IPR in Pakistan
KARACHI, PAKISTAN: Foreign investors have expressed concern that Intellectual Property Rights (IPR) protection does not attract due attention from key stakeholders, including the consumers in Pakistan. Overseas Investors Chamber of Commerce and Industry (OICCI) announced the key findings of its latest Intellectual Property Rights (IPR) Survey. The OICCI IPR Survey 2020 conducted during September-October reflect…
BevCanna to acquire Naturo Group
VANCOUVER: BevCanna Enterprises Inc. has signed a letter of intent (LOI) with Naturo Group Investments Inc. to purchase all of the issued and outstanding securities of Naturo from the owners. Upon completion of the transaction, Naturo will become a wholly-owned subsidiary of BevCanna and the Company will carry on the combined business of Naturo and…
HSBC Holdings announces delisting from Euronext Paris
LONDON: HSBC Holdings plc (HSBC) announces that, following its announcement on 30 October 2020 that it intended to submit an application for the delisting of its shares from Euronext Paris, the Delisting has been approved by the Board of Directors of Euronext Paris S.A. The decision by HSBC to delist was taken following a review…
Nel ASA signs MoU with Everfuel for further development of H2 Fuel Norway
OSLO: Nel ASA has entered into an MoU with Everfuel A/S, which among other things involves Everfuel taking a majority stake in H2 Fuel Norway AS, a fully owned company of Nel, and changing the name to Everfuel Norway Retail AS. “Becoming part of Everfuel’s activities in Norway is a natural next step for H2Fuel,…
Keywords Studios buys g-Net Media Inc. (gnet) for $32 million
LONDON: Keywords Studios, the international technical and creative services provider to the global video games industry, has entered into an agreement to acquire the entire issued share capital of g-Net Media, Inc. (gnet), a Los Angeles based provider of marketing services to the video games and entertainment industries, for a total consideration of up to…
Kingfisher plc acquires NeedHelp services marketplace for €10 million
LONDON: Kingfisher plc, the international home improvement retailer, has acquired NeedHelp, one of Europe’s leading home improvement services marketplaces, for a total cash consideration of €10 million. As part of the transaction, Guillaume de Kergariou, the founder of NeedHelp, has reinvested proceeds from the sale in a 20% interest in the business, resulting in Kingfisher…