PERTH: Plukka Limited announced that its public offer of fully paid ordinary shares to raise a minimum of $4.5 million has closed, with a total amount raised of $4.63 million, and the issue of Shares under the offer is now complete. The Public Offer was conducted in connection with the Company’s acquisition of 100% of…
DWF acquires legal and managed services business, Mindcrest for $18.5mn
LONDON: DWF Group has reached a definitive agreement to acquire Mindcrest Inc., a leading legal and managed services business for US$18.5 million (£14.2m) in cash and shares, with the transaction expected to complete in the next 4-6 weeks. Initial consideration consisting of US$2.4 million (£1.8m) in cash and US$8.5 million (£6.5m) in shares will be…
Biffa opens £27.5mn PET plastic bottle recycling facility in Durham
LONDON: Biffa Plc, the UK recycler and waste management provider, opened its new £27.5 million state of the art PET plastic bottle recycling facility Wednesday in Seaham, County Durham. The facility will be officially unveiled at an opening ceremony by Henri Murison, Director of the Northern Powerhouse Partnership. Biffa’s investment in the new facility, which…
Daren Harris appointed CEO of Fulcrum Utility Services
LONDON, UK: Fulcrum Utility Services Limited, UK’s independent multi-utility infrastructure and services provider, has announced the appointment of Daren Harris as Chief Executive Officer with immediate effect. Fulcrum Utility Services also announces the appointment of Terry Dugdale, Chief Operating Officer (Gas), to Group Chief Operating Officer and to the Board as an executive director with…
Kodal Minerals sign MoU with Mali Lithium Limited for the development of Bougouni Lithium Project
LONDON: Kodal Minerals, a mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali, has signed a Memorandum of Understanding (MoU) with Mali Lithium Limited, an Australian company looking to develop the Goulaminia Lithium Project located proximal to Kodal Mineral Bougouni Lithium Project. The MoU is for general cooperation and investigation…
PhosAgro boosts fertilizer production to a record 9.5 million tonnes in 2019
MOSCOW: PhosAgro, world’s leading vertically integrated phosphate-based fertilizer producer, announced that its 4Q 2019 fertilizer sales volumes increased by 16% year-on-year to 2.3 million tonnes. Total fertilizer production in 4Q 2019 increased by 2.8% year-on-year to 2,358.9 kt. Fertilizer and feed phosphate output for FY 2019 grew by 6.1% year-on-year to a record 9,521.8 kt….
Saudi Telecom to acquire Vodafone Egypt’s majority stake for $2.392bn
RIYADH: Vodafone Group has signed a Memorandum of Understanding (MOU) with Saudi Telecom Company (stc) in relation to a potential sale of Vodafone’s 55% shareholding in Vodafone Egypt to Saudi Telecom Company (stc). Vodafone and stc have agreed a cash consideration of US$2.392 billion for Vodafone’s 55% shareholding in Vodafone Egypt, equivalent to an Enterprise…
Electro Optic Systems acquires US space communications business of Audacy Corporation
CANBERRA: Electro Optic Systems Holdings Limited (EOS), acting through its wholly-owned US subsidiary EOS Defense Systems USA, has executed an agreement to acquire all of the business and assets of Audacy Corporation, a space communications company based in the US. EOS Defense Systems (EOSDS) will outlay approximately AU$10 million in cash for the acquisition including…
Australian Family Lawyers expands to Canberra
SYDNEY: The Board of AF Legal Group Ltd will enter the Australian Capital Territory (ACT) with the opening of a new office in Q3 FY2020. The office will be led by the highly respected leading family law practitioner Courtney Mullen. Ms Mullen was recommended in Doyles Guide as a Leading Family & Divorce Lawyer for…
MGC Pharma signs agreement for entry of cannabinoid medicines into new markets
PERTH: MGC Pharmaceuticals Ltd has signed a distribution agreement with Anden Bio Naturals S.A, a leading Peruvian medical products distributor, for the exclusive distribution and commercialisation of MGC Pharma phytocannabinoid-derived medicines in Peru and Bolivia for a term of five years. The Agreement helps to solidify MGC Pharma’s footprint in Latin America, following the execution…
Fiji Kava signs MoU to explore Chinese ecommerce and Diagou marketplace opportunities
BRISBANE: Fiji Kava Ltd, Australian-Fijian medicinal kava health and wellness company, signed a Memorandum of Understanding (MOU) with Zorgen Health and Brand Asia Management to explore future opportunities to access Chinese consumers via Cross Border eCommerce and Daigou market places. The MOU reflects a key development for Fiji Kava as it seeks to establish distribution…
Resolute Mining agrees to acquire Toro Gold Royalty
LONDON: Resolute Mining Limited has agreed to terms with Taurus Funds Management Pty Limited for the acquisition of the 1.1% royalty held by entities associated with Taurus over gold production from the Mako Gold Mine in Senegal. The termination value of the royalty has been agreed at US$12 million with consideration to be paid in…