CAIRO: AD Ports Group and the General Authority for Suez Canal Economic Zone (SCZONE) have signed a 50-year renewable usufruct agreement to develop and operate a 20-square-kilometer industrial and logistics park near Port Said on Egypt’s Mediterranean coast. The agreement, witnessed by Egyptian Prime Minister Mostafa Madbouly and high-ranking UAE and Egyptian officials, positions East Port Said Industrial…
Erste Group Bank acquires 49% stake in Santander’s Polish unit for $7.7 billion
WARSAW: Austria’s Erste Group Bank has acquired a 49% stake in Santander Bank Polska, the Polish unit of Spain’s Santander, in a deal valued at approximately 6.8 billion euros ($7.7 billion), the banks announced Monday. Shares of Santander Bank Polska fell around 5% following the news, while Erste’s stock surged 6.46%. Santander shares were up 0.3%…
CodeLab Capital acquires Kuba Norge AS in NOK 20 million deal
OSLO: CodeLab Capital AS has signed a share purchase agreement to acquire Kuba Norge AS for NOK 20 million, the company announced today. The deal aligns with CodeLab’s strategy of investing in businesses and providing financial and operational support to boost their value. Kuba, a leader in Norway’s health, safety, and environment (HSE) sector, offers…
Lleida.net reports record-breaking first quarter performance
PARIS: Technology company Lleida.net (BME: LLN) (EPA: ALLN) (OTCQX: LLEIF) announced Monday that it recorded its best quarter ever between January and March 2025, reporting €5.29 million in sales—up 12% compared to the same period last year. The Spain-based company, which specializes in certification, notification, and registered electronic signature services, also posted an EBITDA of…
Trump proposes 100% tariff on foreign films, sparking Hollywood uncertainty
Former U.S. President Donald Trump has announced a sweeping new tariff plan aimed at reviving domestic film production. In a post on Truth Social, Trump declared that he is instructing the Department of Commerce and the U.S. Trade Representative to impose a 100% tariff on all films produced outside the United States, citing concerns over…
Scapigliato and Waga Energy partner for renewable natural gas production in Tuscany
EYBENS: Waste management company Scapigliato has signed an agreement with Waga Energy to produce renewable natural gas (RNG) at its landfill site in Rosignano Marittimo, Tuscany. The deal, finalized on April 29, follows a competitive tender launched by Scapigliato in July 2024. Under the agreement, Waga Energy will finance, build, and operate a purification unit…
Eutelsat names Jean-François Fallacher as CEO
PARIS: Eutelsat has appointed Jean-François Fallacher as its new CEO, marking a leadership transition aligned with the company’s evolving role in the telecom ecosystem. The appointment was approved at a Board Meeting on May 4, 2025, following the recommendation of the Nomination and Governance Committee. Fallacher will assume the position effective June 1. Fallacher, a…
Evergreen Lithium acquires Leonora Goldfields Project in transformational deal
LEONORA: Evergreen Lithium Limited (ASX: EG1) announced Tuesday the acquisition of the Leonora Goldfields Project in Western Australia, marking a strategic shift toward gold production. The deal positions the company to capitalize on the region’s rich mineral potential and existing infrastructure. Key Highlights – Resource Potential: The project holds a JORC-compliant inferred resource of 63,000…
Red Hill Minerals acquires royalty in Thomson Gold-Copper Project
BATHURST: Red Hill Minerals (ASX: RHI) has acquired a 1.5% net smelter royalty on Legacy Minerals’ (ASX: LGM) Thomson Project in New South Wales for $220,000, bolstering confidence in the emerging gold-copper discovery potential of the 5,500-square-kilometer site. The Thomson Project, located west of Bourke, is targeting large-scale intrusion-related gold-copper (IRG-Cu) systems, with recent assays…
XPON Technologies acquires Alpha Digital Design Consultants
BRISBANE: XPON Technologies Group Limited (ASX: XPN) announced Monday it has entered a binding agreement to acquire 100% of Alpha Digital Design Consultants, a leading Australian digital marketing firm, in a deal aimed at accelerating AI-driven growth. The acquisition, expected to settle May 6, aligns with XPON’s strategy to expand its AI marketing technology footprint. …
Resolute to acquire Côte d’Ivoire gold projects from AngloGold Ashanti
LONDON: Resolute Mining Ltd. announced Thursday it has entered into a binding agreement to acquire the Doropo and ABC Projects in Côte d’Ivoire from AngloGold Ashanti for $150 million. The acquisition includes $25 million upfront cash payment at closing and $125 million deferred payments in two installments: $50 million after 18 months and $75 million…
National Grid plc announces chief executive succession plan
LONDON: National Grid plc, a leader in energy networks, announced the appointment of Zoë Yujnovich as its next Chief Executive. She will succeed John Pettigrew who, after almost 10 years in post, has decided to retire from his role effective 16 November 2025. Following a comprehensive succession planning process both the Board and John believe…