BERLIN: Allianz Group said Friday it has agreed to acquire HSBC’s Singapore life insurance unit for 2.7 billion Singapore dollars ($2.09 billion), expanding the German insurer’s footprint in Asia’s life and health insurance market. The transaction, expected to close in the…
PARIS: ABL Diagnostics, a molecular diagnostics and healthcare software company listed on Euronext Paris, has been selected by the Évry Commercial Court to acquire the assets and operations of TEXCELL, the company announced. The court approved ABL Diagnostics’ plan following the submission of…
LONDON: UK-based clinical-stage biotech Scancell Holdings plc (AIM: SCLP) has agreed to acquire Nasdaq-listed Neuphoria Therapeutics Inc. (Nasdaq: NEUP) in an all-share merger, the companies announced today. Once the deal closes, the combined business will keep the Scancell name and plans to list…
AUCKLAND: In a move that signals growing convergence between renewable energy and artificial intelligence infrastructure, Mercury NZ Limited has acquired a 12.7% minority stake in Datagrid Holding Group NZ Ltd for US$30 million (NZ$53 million), a statement said. The investment positions Mercury alongside one…
LONDON: Aston Martin Lagonda Global Holdings PLC said Wednesday it has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, strengthening liquidity at the loss-making luxury automaker. The financing consists of…
NEW YORK: Mitigram, a global digital platform for trade finance, announced Wenesday it has acquired Export Enterprises SA, the parent company of the trade intelligence platform eexpand. The acquisition includes all of eexpand’s core assets, including its Trade Pilot, Trade Club Connect and Trade…
NEW YORK: MN8 Energy Holdings LLC, a renewable energy power producer with more than 4.3 GW of capacity across 29 states, announced Monday it has agreed to acquire Greenbacker Renewable Energy Company LLC in a cash-and-equity transaction valued at up to approximately $375…
SYDNEY: WiseTech Global Ltd., a developer of logistics execution software, said Wednesday it has agreed to acquire FRDM.ai, a supply chain risk and compliance intelligence platform, in a deal valued at up to $24.3 million. The transaction includes an upfront payment of…
HgT backs fast-growing AI-driven property software platform at valuation exceeding £200 million LONDON: Hg, the Manager of HgCapital Trust plc (“HgT”), today announced a strategic growth investment in Street Group (“Street”), a leading provider of vertical software and AI solutions to the UK…
LONDON: Sealand Capital Galaxy Limited (LSE: SCGL) has entered into a conditional agreement to acquire Brilliant Glow Group Co., Limited, a Hong Kong-based consulting firm with operations in Shenzhen, for a total consideration of £6.6 million. Strategic Expansion into Southeast Asian Markets The…
WASHINGTON: Treasury Secretary Scott Bessent said Tuesday the Trump administration will investigate whether Chinese artificial intelligence models were built using technology stolen from American companies, warning that sanctions could follow if evidence of intellectual property theft is found. The comments…
DETROIT: General Motors is hitting the brakes on its all-electric ambitions, announcing plans to roll out a new generation of gas-powered Cadillac models starting next spring. The move marks a significant shift for the luxury brand, which had previously pledged…