LONDON: Boku Inc, a leading global mobile payment and mobile identity company, announced that it has successfully completed the acquisition the entire issued and to be issued share capital of Fortumo Holdings and its subsidiaries in a transaction valued at a maximum enterprise value of $41 million. The Acquisition is a significant step in Boku’s…
Babcock International appoints David Lockwood as new Chief Executive
LONDON: Babcock International Group, the aerospace and defence company, announced the appointment of David Lockwood as CEO, succeeding Archie Bethel, who earlier this year announced his intention to retire. David will join the Company and the Board on 17 August 2020 as CEO designate and will become CEO on 14 September 2020, at which point…
H&T Appoints Chris Gillespie as executive director
LONDON: H&T Group announced the appointment of Chris Gillespie as an executive director of H&T Group plc. This appointment is subject to the requisite regulatory approvals. Gillespie will join H&T in September having previously been managing director for the Consumer Credit Division of Provident Financial plc since August 2017. Prior to that he held senior…
Provident Financial appoints Hamish Paton as Managing Director of its Consumer Credit Division
LONDON: Provident Financial plc announced the appointment of Hamish Paton as Managing Director of its Consumer Credit Division (CCD), subject to regulatory approval. He will take over from Chris Gillespie, who is joining H&T Group plc, a FTSE listed pawnbroker, having held the role since August 2017. Hamish Paton has a strong consumer finance background…
WorldRemit launches their remittance service in Somalia
LONDON: WorldRemit, the global online money transfer service, has announced the launch of its remittance services in Somalia. WorldRemit operates in over 50 send countries to over 150 receive countries and is now the first global digital money transfer player to operate in Somalia. According to the World Bank, an estimated $1.4 billion in remittances…
BIGG’s Blockchain Intelligence Group launches Bitcoin cash on QLUE forensics platform
VANCOUVER: BIGG Digital Assets Inc., owner of Blockchain Intelligence Group, announced that Bitcoin Cash (BCH) has been launched as part of QLUE Release v1.16 (https://qlue.io/). QLUE also supports BTC, ETH, ERC20 and LTC. Bitcoin went through a hard fork in July 2017 which in turn created Bitcoin Cash. There was suddenly a mirror image of…
Frasers Centrepoint to acquire additional 12% interest in AsiaRetail Fund for S$197.2 million
SINGAPORE: Frasers Centrepoint Asset Management Ltd. as the manager of Frasers Centrepoint Trust (FCT), announced that FCT Holdings (Sigma) Pte. Ltd., a wholly owned subsidiary of FCT, has exercised its rights of pre-emption under the Bye-laws of PGIM Real Estate AsiaRetail Fund Limited (ARF) to acquire an aggregate of 12.07% of the capital in ARF…
Scanship awarded a 7.8 million-euro contract with major European shipbuilder
OSLO: Vow ASA has through its subsidiary Scanship AS been awarded a 7.8-million-euro cruise newbuild contract for the delivery of its advanced technologies for wastewater purification, garbage handling and food waste processing. The Scanship systems will be installed on two mega sized cruise ships entering service in 2026 and 2027, being part of an ongoing…
Subsea 7 awarded contract offshore Norway
LUXEMBOURG: Subsea 7 S.A. announced the award of a sizeable contract by Aker BP for the Hod Field Development Project, located 12 km from the Valhall area in the southern part of the North Sea. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. The re-development concept includes…
Kitron wins new business
OSLO: Kitron ASA has been awarded new business for measurement technology. The award covers a period of five years, and the expected annual value is between EUR 3.5-5 million. Serial production is expected to start in the first quarter of 2021 and will take place at Kitron’s plant in Poland. “I am very pleased to…
Diana Shipping signs supplemental agreement with BNP Paribas for a 2.5 year extension
ATHENS: Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement with BNP Paribas, to extend by 2.5…
Europe’s air security agency suspends PIA’s TCO authorization for six months
KARACHI: European Union Air Safety Agency (EASA) has suspended PIA’s authorization to operate in Europe for six months starting July 01, 2020, following revelations that 40 percent pilots have fake licenses. “EASA has received information according to which on Wednesday 24 June 2020, the Aviation Minister, Ghulam Sarwar Khan, informed the Pakistani Parliament of the…