LONDON: SDX Energy has executed a binding sale and purchase agreement (SPA) for the disposal of the company’s West Gharib interests in Egypt. SDX Energy also continues to progress the binding documentation for the sale of its South Disouq assets. The Company is focused on delivering shareholder value by focusing its efforts on fully exiting…
Old Mutual gains regulatory approval to establish new bank
LONDON: Old Mutual has received the green light from the Prudential Authority to set up its own banking institution. This milestone comes after an intensive review process under Section 16 of the Banks Act 94 of 1990. The approval, governed by Section 17 of the same act, marks a significant advancement for Old Mutual, allowing…
Applyflow Limited agrees to sell Applyflow business
SYDNEY: Applyflow Limited (ACN 107 371 497) (ASX:AFW), a global HR technology provider, has announced a conditional agreement for the sale of its Applyflow business. The sale will transfer all issued capital of Applyflow International Pty Ltd to an entity led by the acting CEO, Richard Swanton, in a management buy-out (MBO). This decision follows…
COSOL Limited agrees to acquire Core Asset Co
SYDNEY: COSOL Limited (ASX: COS) has announced the acquisition of Core Asset Co Pty Ltd, a leading asset performance advisory firm. The acquisition, valued at up to $6.1 million, is set to bolster COSOL’s strategic planning and decision support services, providing clients with comprehensive asset management solutions. Under the terms of the Share Purchase Agreement…
Aristocrat Leisure to complete NeoGames acquisition by April 26, 2024
SYDNEY: Aristocrat Leisure Limited (ASX:ALL) notified that all necessary gaming regulatory pre-approvals required for the completion of its proposed acquisition of NeoGames S.A. have been received or waived. In addition, all antitrust and foreign investment regulatory clearances have been received. This marks a further step towards completion of the Acquisition, before the final NeoGames shareholder…
Proemion Holding GmbH agrees to buy TrendMiner NV from Software AG
Proemion Holding GmbH, a global provider of advanced data and analytics technologies for mobile industrial assets, announces an agreement to acquire TrendMiner NV, an industrial analytics company, from Software AG. The spin-out and acquisition of Belgium-based TrendMiner will significantly expand Proemion’s analytics capabilities for critical industrial equipment, helping equipment manufacturers and operators to remotely and…
LSI Industries has bought EMI Industries for $50 million
LSI Industries Inc. (NASDAQ: LYTS), a prominent manufacturer of commercial lighting and displays in the U.S., has officially announced its acquisition of the privately-owned EMI Industries for a cash transaction valued at $50 million. This acquisition enhances LSI’s capabilities in the display solutions sector, particularly within the grocery, convenience store, and restaurant markets. EMI Industries,…
Anna Palairet appointed permanent COO at Fonterra
SYDNEY: Fonterra has today announced that Anna Palairet has been permanently appointed into the role of Chief Operating Officer (COO). Anna has been acting in the position since June 2023. CEO Miles Hurrell says Anna has valuable expertise and a strong relationship focus which serve her well in leading a critical part of the Co-operative….
Stock Trading for Beginners: A Comprehensive Guide
Seize Your Financial Destiny Stock investment and stock trading is not just a trend; it’s a strategic approach to securing a prosperous future. The allure of the stock market lies in its robust potential for generating substantial returns over time. Unlike the negligible interest accrued in a savings account, a diversified portfolio of stocks can…
Nestlé appoints Guillaume Le Cunff as new CEO Zone Europe, Settembri retires
After more than three decades of service, Marco Settembri, the Executive Vice President and Chief Executive Officer of Nestlé’s Zone Europe, is set to retire on June 30, 2024. Settembri, who joined Nestlé Italy in 1987, has been instrumental in steering the company to new heights. Under his leadership, Purina PetCare became one of the…
CareMetx has acquired PX Technology
CareMetx, a leading technology-enabled hub services platform facilitating patient access to specialty medications, has acquired PX Technology, a pioneer in digitizing healthcare processes. Through the acquisition, CareMetx aims to reshape the landscape of specialty medication access and transform patient care with the fusion of its comprehensive patient support services with PX Technology’s innovative digital access…
OutKick scores big in Q1 of 2024 with significant growth across platforms
OutKick, the national multimedia sports platform, has reported a substantial growth in its viewership and engagement in the first quarter of 2024. According to the latest Comscore data, OutKick achieved a 10% increase in total multiplatform views, reaching 81 million, and a 7% rise in total multiplatform minutes, amounting to 78 million. The platform’s average…