SYDNEY: Westpac Group has entered into an agreement for the sale of its Vendor Finance business to Angle Finance, a portfolio company of Cerberus Capital Management, L.P. Vendor Finance supports third parties to fund small ticket equipment finance loans to around 42,000 Australian businesses. The transaction is expected to result in the transfer of around…
Infigen welcomes Iberdrola appointees to the Board and thanks retiring directors
SYDNEY: Infigen Energy Limited announced the renewal of the boards of Infigen Energy Limited and Infigen Energy RE Limited as responsible entity of Infigen Energy Trust. The change in composition of the Board occurs within the context of the friendly off-market takeover offer for Infigen by Iberdrola Renewables Australia Pty Limited at 92 cents per…
Australian Primary Hemp to supply hemp seeds to Annex Foods for 2 years
MELBOURNE: Australian Primary Hemp Ltd (APH) announced an exclusive two-year agreement with Annex Foods Pty Ltd for the supply of hemp seeds. The Agreement is the culmination of a close collaboration between APH and Annex. The Agreement is valued at $760,000 and marks a significant milestone in APH’s strategy of expanding its ingredients supply business….
Malachite formalises acquisition of Sunshine Minerals Solomon Islands nickel
SYDNEY: Malachite Resources Limited has executed a Share Purchase Agreement to formalise its acquisition of the remaining 85% interest in Sunshine Minerals Limited that it does not already own. Malachite previously acquired 15% of Sunshine, a private company incorporated in the Solomon Islands. Sunshine owns 80% of Sunshine Nickel Limited (SNL) which holds prospecting licence…
Thoughtful Brands acquires ecommerce companies, Golden Path & Wild Mariposa
VANCOUVER: Thoughtful Brands Inc. announced the completion of its acquisition of Golden Path LLC and Wild Mariposa LLC, both are privately held fast-growth, direct-to-consumer eCommerce brands selling natural health products in the United States. The Company has acquired Golden Path and Wild Mariposa pursuant to purchase agreements entered into with the respect members of Golden…
HealthSpace finalizes agreement with Hawaii Department of Health for COVID-19 contact tracing
VANCOUVER: HealthSpace Data Systems Ltd. has finalized anagreement with the State of Hawaii Department of Health for COVID-19 contact tracing, a news release said. This agreement follows a successful pilot period that began on April 9th wherein HealthSpace worked closely with Hawaii to refine the Company’s automated tracing platform capable of tracking communicable diseases on…
Hydro66 team up with Nexgen to deliver green cloud infrastructure
BODEN, SWEDEN: Hydro66 Holdings Corp, the green cloud infrastructure company, announced they have signed a multiphase agreement with Nexgen Cloud to deliver High Performance green cloud infrastructure. The extension of the recently announced H66cloud platform will include a closely integrated GPU as a Service facility ideal for AI, Big Data, Deep Learning, Rendering and other…
EuroLife Brands acquires Plant & Co Marche in a share exchange deal
TORONTO: EuroLife Brands has entered into a Definitive Agreement to acquire 100 percent of the issued and outstanding securities of privately-held Plant & Co Marche Inc. by way of a share exchange agreement, a news release said. Pursuant to the Agreement, EURO will acquire 100 per cent of the issued and outstanding shares in the…
Hexagon Purus enters Northeast Asian market for hydrogen-powered passenger cars
OSLO: A key automotive leader for Fuel Cell Vehicles (FCEVs) in Northeast Asia has nominated Hexagon Purus, a subsidiary of Hexagon Composites, for the serial supply of composite cylinders for their current zero-emission Fuel Cell Electric SUV. Hexagon Purus’ cylinders will be installed in the vehicle model starting by 2022. The scope of the nomination…
Zwipe and Wisecard join hands to drive mass market adoption of biometric payments cards
OSLO: Zwipe and Wisecardhave partnered to support the industrialization of biometric payments solutions. Headquartered in Shenzhen, China, Wisecard Technology Ltd. specializes in personalization software development, primarily focusing on the smart card payment industry. As a leading provider of EMV personalization services, the company will support the co-development of personalization offerings for the Zwipe Pay family…
Hg Capital Trust offloads Citation Group
LONDON: Hg Capital Trust, a leading European investor in software and tech-enabled services businesses, announced the sale of Citation Group, a leading provider of subscription-based HR and Employment law, Health & Safety, and ISO services to SMEs, to KKR, a leading global investment firm. Citation provides tech-enabled compliance and quality related subscription services to over…
Airtel Africa forms strategic partnership with MoneyGram
LAGOS: Airtel Africa plc has formed a strategic partnership with MoneyGram, a global leader in cross-border P2P payments and money transfers, a news release said. Airtel Africa is a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa. Through this partnership, more than 19 million Airtel Money customers…