LONDON: The European Commission has cleared the combination of Vodafone Italy’s towers with INWIT’s passive network infrastructure, creating Europe’s second largest listed tower company with over 22,000 towers. Following constructive talks with the European Commission, Vodafone and TIM have offered commitments to support access to INWIT’s passive infrastructure by all market participants. Under the commitments,…
Tesco to sell its Asia business to CP Group for $10.6 billion
LONDON: Tesco Plc has entered into a conditional agreement with CP Group with respect to the sale of Tesco’s businesses in Thailand and Malaysia for an enterprise value of $10.6 billion. CP Group comprises of namely C.P. Retail Development Company Limited, Charoen Pokphand Holding Co., Ltd, CP All Public Limited Company and C.P. Merchandising Co.,…
LiquidX partners with Emirates NBD; expands geographic presence
SINGAPORE: LiquidX, the global network for illiquid assets, announced the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – UAE 2019” by The Banker magazine in recognition of its…
Ideagen acquires Workrite Ltd for £6.8 million
LONDON: Ideagen PLC, a leading supplier of Information Management software to highly regulated industries, has announced the acquisition of the entire issued share capital of Workrite Ltd for a net cash consideration of up to £6.8 million. The consideration will be funded from the Group’s cash reserves and existing debt facility. Highlights Workrite is a…
Aviva Plc announces exit from Indonesia
LONDON: Aviva plc, an international savings and insurance business has agreed to exit Indonesia by selling its entire shareholding in its joint venture in Indonesia, PT Astra Aviva Life, to Aviva’s joint venture partner, PT Astra International Tbk. The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including…
Gateley acquires The Vinden Partnership Limited for £6.75 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of The Vinden Partnership Limited for a maximum consideration of £6.75 million, equating to a maximum Enterprise Value of £5.15m. Vinden, a specialist business offering corporate advisory, dispute resolution and consultancy to the built environment in the property and construction…
PointsBet receives regulatory approval and launches in Indiana
MELBOURNE: PointsBet Holdings Limited’s wholly owned subsidiary, PointsBet Indiana has received a Mobile Sports Wagering Launch Authorisation from the Indiana Gaming Commission (IGC) and has launched operations in the State of Indiana. This represents the Company’s third digital sportsbook operation in the United States and the first under the partnership with Penn National Gaming announced…
VEEM completes world’s largest gyrostabilizer for major European shipbuilder
SYDNEY: Marine propulsion and gyro stabilization company, VEEM Ltd has successfully constructed the world’s largest and most powerful known gyrostabilizer for delivery to Europe’s second largest ship builder, Damen Shipyards. At 20 metric tonnes, the VG1000 SD easily eclipses the second largest gyro product VEEM produces, the VG260, which is approximately one quarter of the…
Walker Greenbank’s Scion homeware collaborates with NEXT
LONDON: Walker Greenbank, the luxury interior furnishings group, announced that its Scion brand has secured a licensing collaboration with major retailer NEXT, which will see NEXT create and sell an extensive range of homeware, nursery and fashion items. Launching in July this year, the range will be available both online at NEXT.CO.UK and in selected NEXT stores….
Flybe Limited not to operate its planned flight schedule
LONDON: Flybe Limited, a subsidiary within the Connect Airways group of companies, has ceased trading and will no longer be operating its planned flight schedule. Stobart Group, alongside its consortium partners, Virgin Atlantic and Cyrus Capital, are deeply disappointed that Flybe has been unable to secure a viable basis for its continuing operations and has…
SGX welcomes Memiontec Holdings to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Memiontec Holdings Ltd. to its Catalist under the stock code “SYM”. Memiontec Holdings Ltd. opened at S$0.225 today. Memiontec Holdings Ltd. is a water treatment company with more than 20 years of experience in the field of water and wastewater management services, with a presence in Singapore, Indonesia and…
Heartland launches digital home loans
AUCKLAND: Heartland Group has launched digital home loans with low 2.89% p.a. 1 year fixed rate. Heartland Home Loans offers New Zealand’s lowest 1-and 2-year fixed term home loan rates (2.89% p.a. 1 year fixed, 2.97% p.a. 2 year fixed), with no set up fees and an online application. Heartland Home Loans customers can apply…