PARIS, FRANCE: Sidetrade, the global leader in AI-powered Order-to-Cash applications, is to acquire a majority stake in SHS Viveon AG, a German leader in credit risk management software. Sidetrade today announced that it has entered into binding agreements with shareholders of SHS Viveon AG to acquire more than 50% of all outstanding shares in SHS…
ALGREEN in talks with LUMILIITE to sell its 51% stake in subsidiary SA NAKA
PARIS: The ALGREEN group (Paris: ALGRE), specialized in multi-activity agribusiness, with a strategy to integrate companies, industries, farms, and brands within the same group while favoring traditional and innovative SMEs, has entered into negotiations with LUMILIITE for the sale of its 51% stake in its subsidiary SA NAKA. SA NAKA markets a range of sparkling…
Scottish Power to pay £1.5m for overcharging customers
Ofgem is announcing that Scottish Power Energy Retail Ltd will pay £1.5 million in refunds and compensation for charging customers above the price cap during the height of the energy crisis. Ofgem agreed the redress package after the supplier confirmed that between 2015 and 2023, it mistakenly overcharged 1,699 direct debit customers a higher rate,…
Superdry chalks out turnaround plan including restructuring, equity raise, and delisting
LONDON, UK: Superdry Plc has unveiled a comprehensive package of measures aimed at revitalizing its operations and ensuring long-term success. The fashion retailer is set to implement a significant restructuring plan, raise equity, and delist from the London Stock Exchange. Peter Sjӧlander, Superdry Plc Chairman, commented: “The Board has spent a lot of time engaging…
Eleco plc has acquired 100% of Vertical Digital group companies
LONDON, UK: Eleco plc (AIM: ELCO) wholly owned subsidiary Elecosoft Ltd has acquired 100% of the share capital of Vertical Digital group of companies, consisting of Vertical Digital SRL and Sons of Coding SRL for an initial consideration of €1.3m (c£1.1m), exclusively financed by the Company’s internal cash resources. Vertical Digital has a proven track…
International Paper Company and DS Smith Plc have agreed to merge
LONDON, UK: International Paper Company and DS Smith Plc have agreed to a recommended all-share merger. This move will unite two complementary businesses, establishing a global leader in sustainable packaging solutions with strongholds in Europe and North America. It is intended that the Combination will be implemented by way of a Court-sanctioned scheme of arrangement…
Dr. Martens plc names Ije Nwokorie as new CEO, as Kenny Wilson to step down
LONDON, UK: Dr. Martens plc announced that Kenny Wilson has decided that this will be his final year as Chief Executive Officer (CEO) of the Company. As part of an orderly succession plan, and following a thorough search process, the Board is delighted to announce that Ije Nwokorie, currently Chief Brand Officer (CBO), will succeed…
Marika Auramo appointed CEO of Vodafone Business
LONDON: Vodafone today announced that Marika Auramo has been appointed CEO of Vodafone Business, with effect from 1 July 2024. She will also become a member of Vodafone’s Executive Committee from the same date. Marika is a highly respected business leader and has more than 25 years’ experience in the global IT industry. She joins…
Hostmore plc proposes to acquire TGI Fridays Inc. for £177 million
LONDON, UK: Hostmore plc has reached agreement on a non-binding basis for a proposed all-share acquisition of TGI Fridays Inc. TGI Fridays is the global hospitality business that owns the American-themed casual dining brand “TGI Fridays” which is the Company’s franchisor. TGI Fridays primarily operates through franchising and licensing agreements in the US and in…
Regent Acquisitions to takeover TClarke plc in a £90.56 million deal
LONDON, UK: Regent Acquisitions Limited has negotiated the acquisition of TClarke plc, with both companies’ boards of directors expressing their satisfaction over the agreed terms. The transaction will see Regent Acquisitions making a recommended cash offer for the entire issued and to be issued share capital of TClarke that is not already under the ownership…
Noble Helium appoints Dermot O’Keeffe as new chief operating officer
SYDNEY, AUSTRALIA: Noble Helium Limited (ASX:NHE) has appointed experienced petroleum engineer Mr Dermot O’Keeffe as Chief Operating Officer (COO) effective immediately. Mr O’Keeffe brings with him 40 years’ experience in the oil and gas industry, having worked internationally for major operators, including Texaco, BP, Sun Oil, Shell, Woodside, Premier Oil, and Ophir Energy. In 1999,…
Macmahon Holdings signs deed to takeover acquire Decmil Group
SYDNEY, AUSTRALIA: Macmahon Holdings Limited (ASX: MAH) has signed a scheme implementation deed to acquire all ordinary shares of Decmil Group Limited (ASX: DCG) for $0.30 per share. This offer represents a substantial premium of 76.5% over Decmil’s most recent closing price and an 81.8% increase over the 30-day volume-weighted average price (VWAP). The acquisition…