TORONTO: Media Central Corporation has entered into a non-binding letter of intent (LOI) to acquire Varipay Inc., a news release said. The LOI represents a strategic acquisition to boost MediaCentral’s aggressive eCommerce initiative bolstering sales and marketing synergies across all digital platforms. Varipay is a digital payment processing company with established clients in industries such…
Benedicte Fasmer appointed new group chief executive of SpareBank 1 SR-Bank
STAVANGER: Benedicte Schilbred Fasmer has been appointed the new group chief executive of SpareBank 1 SR-Bank. She succeeds Arne Austreid, who will step down from his post as scheduled at the end of the current year. Schilbred Fasmer is looking forward to leading one of the largest and foremost Norwegian financial groups. The board of…
OIO Holdings to start blockchain consulting and development services in Indonesia
SINGAPORE: OIO Holdings Limited (OIO) announced its entry into the Indonesian market with a Memorandum of Understanding (MOU) with PT. Infiniti Teknologi Indonesia. Under the MOU, OIO will cooperate with Infiniti to support companies across various Indonesian industries planning to adopt blockchain-based technology in their business operations with the aim of unlocking new growth areas…
Kribi starts operations at the multi-purpose terminal of the Port of Kribi
SINGAPORE: Kribi Multipurpose Terminal (KMT), a Cameroonian subsidiary of ICTSI, has started commercial operations at the multi-purpose terminal of the Port of Kribi in Cameroon, Central Africa. The Port of Kribi is a newly built port with deep draft located in Cameroon, Central Africa. Phase 1 of the multi-purpose terminal consists of 265m of berth…
BlackEarth Minerals closes oversubscribed placement to raise $1.4 million
PERTH: BlackEarth Minerals NL has successfully completed a bookbuild and secured commitments from investors in Australia to subscribe for a minimum of approximately 28.413 million new fully paid ordinary shares in the company to raise gross proceeds of A$1.42 million before costs. MacMillan Capital was appointed as lead broker to the placement. BlackEarth Minerals will…
Breville Group completes $60mn acquisition of Baratza
SYDNEY: Breville Group Limited has completed the acquisition of Seattle based coffee grinding company, Baratza LLC, effective 2 October 2020. Established in 1999, Baratza designs and markets premium coffee grinders for North American and international markets. The acquisition will be complementary to Breville Group’s existing premium coffee business and brings together two of the world’s…
Over the Wire Holdings to acquire Digital Sense Hosting in a $27mn deal
PERTH: Over the Wire Holdings Limited has entered into a binding agreement to acquire all of the shares in Digital Sense Hosting Pty Ltd, a news release said. Completion is expected to take place on 30 October 2020 and is subject to a limited number of customary conditions precedent. Headquartered in Brisbane and employing approximately…
Pure Foods Tasmania Limited has acquired Daily Potato Co
PERTH: Pure Foods Tasmania Limited (PFT) announced the acquisition of Daily Potato Co Pty Ltd’s assets and business was finalised on 2 October 2020. The Managing Director of PFT, Michael Cooper, commented: “We have a lot going on, but with this being such an important project we have ensured that all resources were applied to…
Despegar completes acquisition of Mexico’s Best Day Travel Group
BRITISH VIRGIN ISLANDS: Despegar.com Corp., the leading online travel company in Latin America, announced that on October 1, 2020 it completed the previously announced acquisition of Best Day Travel Group, one of the leading travel agencies in Mexico. Best Day is expected to represent a key asset for Despegar, given its strong presence and leading…
20 Tech Startups taking their next steps in Platform Calgary’s Junction program
CALGARY: Platform Calgary announced that 20 companies are participating in the Junction program. Junction is a nine-week full-time residency that helps entrepreneurs (Tech Startups) establish a strong foundation and clear path forward to next step and grow their technology-driven businesses. Going on its fifth cohort, the program has helped grow 46 innovative companies either based…
Frontier Communications prices $1.150 billion offering
NORWALK: Frontier Communications Corporation has priced its previously announced offering of $1.150 billion aggregate principal amount of First Lien Secured Notes due 2027 in a private transaction, a news release said. The First Lien Secured Notes will bear interest at 5.875% per year and will be sold at a price equal to 100% of the…
Kit Check and Sandoz to launch RFID-tagged generic injectables in October 2020
WASHINGTON: Kit Check in collaboration with Sandoz announced that two Radio Frequency Identification (RFID)-tagged injectable generic Sandoz products will be available in United States hospitals in October 2020. The first two medicines include Anectine 200 mg/10mL and Rocuronium 50mg/5mL and 10mg/5mL. Several more Sandoz medicines are expected to be made available pre-tagged with DoseID compliant…