LONDON: The British Columbia Investment Management Corporation (BCI) and BBGI Global Infrastructure S.A. have agreed on terms for an all-cash offer for the entirety of BBGI’s issued and to-be-issued share capital. The offer, to be made by Bidco, a special limited partnership based in Luxembourg and indirectly controlled by BCI, will see BBGI shareholders receive…
REA Group CEO Owen Wilson to retire
SYDNEY: REA Group Ltd (ASX:REA) announced Thursday that Chief Executive Officer Owen Wilson will step down from his role in the second half of 2025 after a decade with the company, including six years as CEO. The company’s board praised Wilson for his transformative leadership and strong financial performance during his tenure. The board has…
ReNu Energy to sell hydrogen business
SYDNEY: ReNu Energy Limited (ASX: RNE) announced Thursday it has agreed, subject to shareholder approval, to sell its Countrywide Hydrogen Business, including its Tasmanian green hydrogen project, to Countrywide Hydrogen Holdings Pty Ltd, an entity controlled by ReNu Energy’s management team. On October 14, 2024, ReNu Energy received a non-binding indicative offer from its management…
Vow ASA appoints Gunnar Pedersen as its new Chief Executive Officer
OSLO: Vow ASA announced the appointment of Gunnar Pedersen as its new Chief Executive Officer, effective no later than 1 August 2025. Gunnar Pedersen brings extensive leadership experience from the maritime and industrial sectors. He is currently Executive Vice President, Automation & Control at Kongsberg Maritime, and he has worked within the Kongsberg Group since 2002. Throughout…
Barkat Frisian Agro announces IPO on Pakistan Stock Exchange
Barkat Frisian Agro Limited (BFAL) has announced a PKR 880.5 million ($3.1 million) Initial Public Offering (IPO) as the company plans to expand pasteurized egg product output by 70% to 29,000 metric tons. Arif Habib Limited (AHL) has been appointed by BFAL as the lead manager and book runner for raising funds through an offering. The proceeds…
Pandora reports 13% organic growth in 2024, targets 7-8% in 2025
LONDON: Pandora, the global jewelry brand, announced a successful year in 2024, achieving a 13% organic growth rate and setting a target of 7-8% growth for 2025. The company’s full-year revenue reached DKK 31.7 billion, with an EBIT of DKK 8.0 billion, both reflecting a 13% increase. In 2024, Pandora’s gross margin improved to 79.8%,…
Syncona-backed Achilles Therapeutics recommends voluntary liquidation, return capital to shareholders
LONDON: Syncona Ltd, a leading life science investor, announced Monday that its portfolio company, Achilles Therapeutics plc, has recommended a members’ solvent voluntary liquidation to return capital to shareholders. The decision follows a review by the Achilles Board, which determined the move to be in the best interests of the company and its shareholders. Achilles…
Speed Fibre DAC to acquire wholesale and enterprise business of BT Ireland for €22 million
LONDON: Cordiant Digital’s portfolio company, Speed Fibre DAC has entered into a put and call agreement to acquire the entire issued share capital of BT Communications Ireland Limited (BTCIL), the wholesale and enterprise business unit of BT Ireland, for an enterprise value of €22 million. The acquisition is expected to enhance Speed Fibre’s ability to deliver advanced…
Bending Spoons completes acquisition of Brightcove Inc for $233 million
BOSTON: Bending Spoons, an Italy-based technology company, has finalized its acquisition of U.S.-based streaming technology firm Brightcove Inc. (NASDAQ: BCOV) in an all-cash transaction valued at approximately $233 million, or $4.45 per share. The definitive acquisition agreement was signed in November 2024. Luca Ferrari, CEO and co-founder of Bending Spoons, expressed enthusiasm about the acquisition. “It’s with…
Westpac appoints Paul Fowler as Chief Executive, Business & Wealth
SYDNEY: Westpac Group has appointed Paul Fowler to the position of Chief Executive, Business & Wealth. Paul Fowler is an experienced leader in financial services with a career spanning more than 20 years in business and institutional banking, corporate finance and wealth management. He joins Westpac from the Commonwealth Bank of Australia, where he is Executive General…
DeepSeek’s affordable AI models revolutionize industry in $6 million feat
DeepSeek, a Chinese AI company, has recently developed new AI models that have significantly impacted global companies’ profits. The company managed to build these models for just $6 million, a fraction of the usual cost, and has decided to release the technology for free. This move has disrupted the industry by drastically reducing the ongoing costs of…
Spanish Ministry initiates consultation for new gas wells at El Romeral
MADRID: The Spanish Ministry for the Ecological Transition and the Demographic Challenge has initiated the Statutory Consultation of the Environmental Impact Assessment (EIA) for an application to drill five new natural gas wells at the El Romeral production concessions, owned by Tarba Energía S.L. The confirmation was received on January 24, 2025. Prospex Energy plc…