SYDNEY: Nanoveu Limited (ASX: NVU) has reached an agreement to acquire 100% of the fully paid ordinary shares in Embedded A.I. Systems Pte. Ltd (EMASS), which holds a proprietary, semiconductor system on a Chip (SoC) business and intellectual property (IP) portfolio. This acquisition is a key milestone in Nanoveu’s strategic growth, enabling the integration of…
Augmentum Fintech appoints William Reeve as Chairman of the Board
LONDON: The Board of Augmentum Fintech plc, Europe’s leading publicly listed fintech fund, announced the appointment of William Reeve as an Independent Non-Executive Director of the Company and Chairman of the Board, with effect from 1 November 2024. He will also serve on the Company’s Nominations, Audit, Valuations and Management Engagement & Remuneration Committees. William…
Mendell Helium to sell plant-based health & wellness business, Voyager, to Orsus Therapeutics
LONDON: Mendell Helium has announced the conditional disposal of its plant-based health & wellness business, Voyager, to Orsus Therapeutics plc, a private label turnkey solutions provider specialising in developing, formulating, marketing & sales of health and wellness products for global brands. As announced on 27 June 2024, the company has an option to acquire M3…
Financing costs decline below benchmark rate as Pakistani banks race to disburse $128.5bn
Pakistani borrowers can now secure loans at interest rates far below the benchmark, as banks scramble to disburse approximately PKR 3.6 trillion ($128.5 billion) by the end of the year to avoid additional taxation. This unusual scenario has developed as banks try to meet the required Gross Advances to Deposit Ratio (ADR) mandated by the…
Wilh. Wilhelmsen Holding increase stake in Treasure ASA to 84.09%
BRUSSELS: Wilh. Wilhelmsen Holding ASA has bought a further 7 shares in Treasure ASA for a total consideration of NOK 201 million (USD 19 million). Following the latest transaction, Wilh. Wilhelmsen Holding ASA owns 172 million shares in Treasure ASA, representing 84.09% of the shares issued. Founded in Norway in 1861, Wilhelmsen is now a…
ArcelorMittal takes over Nippon Steel’s 50% equity stake in Calvert Joint Venture
AMSTERDAM: ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (“NSC”) to purchase NSC’s 50% equity interest in the AM/NS Calvert Joint Venture. The transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of US Steel. The Transaction is subject…
Panther Metals has disposed of entire shareholding in Panther Australia
SYDNEY: Panther Metals (LSE:PALM) the company focused on mineral exploration in Canada, announced the disposal of its entire shareholding comprising 18.2 million shares in Australian Securities Exchange listed Panther Metals Limited (Panther Australia, ASX:PNT). The net proceeds of the Panther Australia share disposal is AUD 421,328 (circa £219,000) after fees and charges. Darren Hazelwood, CEO…
Braveheart Investment Group buys 29.51% of IQ-AI Limited for £0.72 million
LONDON: Braveheart Investment Group (AIM: BRH) has acquired 65.415 million shares of 0.1 pence each in IQ-AI Limited, representing 29.51% of the issued share capital of IQ-AI, for a total consideration of £0.72 million. As many as 45.761 million shares in IQ-AI have been purchased from Trevor Brown, CEO of Braveheart, at a price of…
SkinBioTherapeutics has acquired Bio-Tech Solutions for £1.25 million
LONDON: SkinBioTherapeutics plc (AIM: SBTX), a life science company focused on skin health, announced the acquisition of the entire share capital of Bio-Tech Solutions Ltd (BTS) for a total enterprise consideration of £1.25m payable in cash on closing. BTS is the second acquisition of the Group’s M&A strategy and brings the capabilities of manufacturing and…
Saga and Ageas in exclusive negotiations over Insurance partnership
LONDON: Saga Plc is currently in exclusive negotiations with Ageas SA/NV to form a 20-year partnership for motor and home insurance. As part of this deal, Ageas would also acquire Saga’s Insurance Underwriting business, Acromas Insurance Company Limited (AICL). This proposed partnership aims to combine the strengths of the Saga brand, its marketing skills, and…
Oxford Metrics has acquired The Sempre Group Holdings for £5.5 million
LONDON: Oxford Metrics plc (LSE: OMG), the smart sensing and software company announced the acquisition of The Sempre Group Holdings Ltd, a measurement specialist solving manufacturing challenges across multiple industries. The total consideration for the Sempre business of up to £5.5m is subject to customary adjustments for working capital, cash and debt-like items. The consideration…
KSA and UAE lead MENA startup funding with $328.3 million in September
DUBAI: In September 2024, Saudi Arabia and the UAE emerged as the giants of startup funding in the MENA region, according to research by Rasmal, a MENA-focused media agency. The Middle East and North Africa’s burgeoning startup ecosystem secured a substantial $328.3 million across 60 startups, with backing from 36 different investors. This influx of…