LONDON: In a bold move to capture a significant share of the world’s largest Defined Contribution pension market, PensionBee Group plc, a prominent online pension provider, has announced its strategic expansion into the United States. The US market, which represents a staggering 80% of the global total with assets amounting to $22.5 trillion, presents a…
abrdn launches CEO succession plan
LONDON: abrdn plc is beginning the process of moving to fresh leadership, having completed the critical first stage of its transformation into a modern and digitally-focused specialist asset and wealth management company. Following the significant strategic repositioning of the company, the Board and Group CEO, Stephen Bird, have together agreed that it is the right…
CBS signs deal to acquires The Co-operative Bank Holdings for £780 million
LONDON, UK: Coventry Building Society (CBS) has reached an agreement to acquire The Co-operative Bank Holdings p.l.c., the parent company of The Co-operative Bank p.l.c. (Bank Holdings). This acquisition, valued at £780 million, will see CBS take control of the entire issued share capital of Bank Holdings. The deal, which is expected to be finalized…
Energy price cap for July to September confirmed
LONDON: Energy regulator Ofgem has today (Friday 24 May, 2024) confirmed the energy price cap for the third quarter of 2024. The price cap, which sets a maximum rate per unit that can be charged to customers for their energy use, will fall by 7% from 1 July to 30 September 2024, compared to the…
Flex Labs has acquired IO+ PTE Ltd
LONDON: Flex Labs (AQSE: FLEX) has acquired the remaining 95% of the issued share capital of IO+ PTE Ltd for a total consideration comprising 110,000,000 new common shares of none-par value each in the company. The consideration is equivalent to £2.75 million at the 2.5 pence per Common Share closing mid-market price on 22 May…
Scenebot Inc. acquires controlling interest in Stargaze
LOS ANGELES: Stargaze Entertainment Group Inc. (OTC: STGZ) announced that Scenebot Inc. has acquired a controlling interest in the company. Pursuant to a Stock Purchase Agreement dated May 14, 2024, Scenebot purchased 25,000,000 common shares and 2,500,000 preferred shares of the Company from its controlling shareholder, Tony Green Organization Records Ltd. (TGO). The shares purchased…
Webstep ASA divests its operations in Sweden
OSLO, NORWAY: Webstep ASA, commonly known as Webstep, has announced on May 23, 2024, that it has entered into a definitive agreement to sell its subsidiary, Webstep AB. The acquiring party is B3 Consulting Group AB, a company publicly traded in Sweden, which will take over all shares of Webstep AB. The deal, which is…
Sterling Partners’ affiliate to acquire Keypath Education for $186.8 million
SYDNEY, AUSTRALIA: Keypath Education is poised to merge with an affiliate of Sterling Partners, marking a major transaction valued at approximately AUD$186.8 million. The definitive merger agreement will see the Purchaser, formed by Sterling Partners, acquire all outstanding shares of Keypath common stock not already owned by Sterling and its affiliates for AUD$0.87 per share….
Suzanne Dvorak appointed CEO of Oceania Healthcare Limited
SYDNEY, AUSTRALIA: Oceania Healthcare Limited announced that Suzanne Dvorak has today been appointed as Chief Executive Officer. Suzanne has been in the Australian aged care and retirement living sectors for the past decade, which included leading the single largest residential aged care provider in Australia. She has most recently been an external advisor at Bain…
Explore the Best Affordable Vacation Destinations for Solo Travelers in 2024
Solo travel has become increasingly popular, and for good reason. It allows you to explore the world at your own pace, meet new people, and discover hidden gems. However, finding affordable destinations is essential for budget-conscious travelers. In this essay, we’ll delve into some fantastic options that won’t drain your wallet. Before we dive into…
Hg agrees to acquire AuditBoard in a $3 billion deal
LOS ANGELES: AuditBoard, a leading connected risk platform transforming audit, risk, compliance and ESG management, today announces that it has reached an agreement to be acquired in a transaction valued at over $3 billion, by Hg, an experienced and global leading investor in compliance, risk and accounting software over the last 20 years. AuditBoard is a…
Tiderock Companies has acquired MTAG Global Inc
BOSTON: Tiderock Companies Inc. (OTC PINK:TDRK) announced the acquisition of MTAG Global Inc., establishing a formidable international materials company. MTAG Global is the exclusive distributor for MTAG Composites and boasts a robust pipeline with annual revenues exceeding $25 million. MTAG Global Inc. (“MTAG”) holds a strong position in the European market, delivering a diverse range…