LONDON: British American Tobacco (BAT) announced that the US business of the BAT Group (BAT) has acquired the nicotine pouch product assets of Dryft Sciences, LLC (Dryft), a US-based Modern Oral nicotine product company. New Category Portfolio Expansion in the US: · This acquisition expands BAT’s Modern Oral nicotine portfolio in the US, expanding from…
Australian Strategic Materials completes acquisition of Ziron Tech
SYDNEY: Australian Strategic Materials (ASM) has successfully completed the acquisition of 95% of its joint venture partner Ziron Tech, and through the acquisition now owns Ziron Tech’s patented low emission, high purity metal-refining technology and the pilot plant in Korea. ASM Managing Director, David Woodall said: “We welcome the Ziron Tech team to ASM. This…
Laybuy launches ‘Tap to Pay’ digital BNPL Mastercard Card in Australia
SYDNEY: Laybuy announced the launch of its globally unique and innovative digital BNPL Mastercard card in Australia, allowing customers to purchase goods and services in-store using Laybuy with a simple tap of their smartphone. Laybuy Managing Director Gary Rohloff says Laybuy’s digital Mastercard card allows consumers to enjoy all the benefits of Laybuy, while at…
Municipality Finance issues EUR 30 million notes
LONDON: Municipality Finance Plc is issuing EUR 30 million notes on 3 November 2020. The maturity date is 3 November 2060. MuniFin has the right but no obligation to redeem the notes early on 3 November 2025 and every five years thereafter. The notes bear interest at fixed rate of 0.9825% per annum. The notes…
Magnit PJSC launches own delivery service
LONDON: Magnit PJSC has launched its own online ordering and delivery service to ship products from stores. The service is available in the new Magnit Dostavka (Delivery – Ed.) application, which will become a platform for developing the Сompany’s e-commerce projects. At the first stage, the service is available to residents of Moscow. Over 5000…
Mineral Commodities appoints Christoph Frey as COO of Graphite and Anode Materials Europe
OSLO, NORWAY: Mineral Commodities Ltd announced that Mr Christoph Frey has been appointed Chief Operating Officer of Graphite and Anode Materials (Europe). Mr Frey commenced consulting to the Company in April 2020 and has been responsible for managing flake graphite marketing and sales. In Mr Frey’s expanded role, he will continue to oversee graphite marketing…
Mutares completes acquisition of German Metallurgie Business from Nexans
MUNICH: Mutares SE & Co. KGaA has successfully completed the acquisition of the German Metallurgie Business of Nexans, a news release noted. The company with manufacturing locations in Bramsche and Neunburg, Germany is now operating under the name Lacroix + Kress GmbH. The German based company employs approximately 250 employees at its two manufacturing sites…
First Mover Group continues expansion in Europe
OSLO: First Mover Group (FMG) continues expansion in Europe with the opening its first office in Krefeld, Germany, a news release said. Krefeld is located outside Düsseldorf in the state of Nordrhein-Westfalen, an area of approximately 13 million people within an hour’s drive. “ Germany is an exciting market with enormous growth opportunities. The Krefeld…
CentralNic Group completes $36 million acquisition of Zeropark and Voluum
LONDON, UK: CentralNic Group plc announced the completion of its acquisition of the Zeropark and Voluum businesses including all material trade and assets pertaining thereto. CentralNic Group is the global internet platform that derives revenue from the worldwide sales of internet domain names and related services. Acquisition Highlights: · The total consideration for the Businesses…
Profits of Qatari listed companies reached QAR 24.3 billion in the 3rd quarter of 2020
DOHA: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the period ended September 30, 2020. The results show a net profit of QR 24.3 Billion compared to QR 29.4 Billion for the same period last year, with a decrease of 17.26%. All of the financial statements of listed companies…
Appointment of Baroness Northover PC as Non-Executive Director at Pensana Rare Earths
LONDON: Pensana Rare Earths Plc announced the appointment of Rt Hon Baroness Lindsay Northover PC as a Non-Executive Director of the Company with immediate effect. Baroness Northover (66), the Prime Minister’s former Trade Envoy to Angola (2016-2020) and Zambia (2017-2020) and Africa Minister for the Department for International Development (DFID) (November 2014 – May 2015),…
Dubai Islamic Bank completes integration of Noor Bank
DUBAI: Dubai Islamic Bank (DIB) has completed the integration of Noor Bank with the successful migration of all banking relationships into DIB. The acquisition further enhances DIB’s position as one of the largest Islamic banks in the world with total assets exceeding AED 300 billion. A robust governance framework focused on minimal customer as well…