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…
Nestlé agrees to sell Yinlu peanut milk and canned rice porridge businesses to Food Wise Co.
VEVEY, SWITZERLAND: Nestlé today announced that it has agreed to sell its Yinlu peanut milk and canned rice porridge businesses in China to Food Wise Co., Ltd. The deal covers all of Yinlu’s operations, including its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan. Yinlu brands had sales of CHF 700 million in 2019….
Forest Road Acquisition Corp. announces pricing of upsized $261 million IPO
LOS ANGELES: Forest Road Acquisition Corp. announced the pricing of its upsized initial public offering of 26.1 million units at a price of $10 per unit. The units are expected to be listed on the New York Stock Exchange (NYSE) and trade under the ticker symbol “FRX.U” beginning November 25, 2020. Each unit consists of…
Mercell Holding to acquire Visma Commerce in a NOK 2.0 billion deal
OSLO: Mercell Holding AS, through a wholly-owned subsidiary, signed a binding agreement to acquire 100 percent of the shares in Visma Commerce AB and Visma Commerce AS (jointly “Visma Commerce“) from Visma AS, for an enterprise value of SEK 2.0 billion. The acquisition represents a major step forward in Mercell’s strategy to become the leading…
FLCT tops GRESB sustainability rankings for the third consecutive year
SINGAPORE: Frasers Logistics & Commercial Trust (FLCT) has been named ‘Industrial – Global Listed Sector Leader’ by Global Real Estate Sustainability Benchmark (GRESB), the global environmental, social and governance (ESG) benchmark for real estate, in its 2020 Real Estate Assessment. This marks the third consecutive year that the industrial portfolio of FLCT has been recognised…