LONDON, UK: Tremor International Ltd, a global leader in video advertising technologies, has reached an agreement with News Corp to acquire Unruly, News Corp’s programmatic video marketplace. The transaction will be satisfied through the issue of approximately 6.91 percent of Tremor International’s issued voting share capital to News Corp. Under the terms of the Transaction,…
Global Ports Holding’s JV completes acquisition of Goulette Shipping Cruise
LONDON: Global Ports Holding, the world’s largest independent cruise port operator, announced that Goulette Cruise Holding Ltd, its joint venture with MSC Cruises S.A., has completed the acquisition of Goulette Shipping Cruise, the company that operates the cruise terminal in La Goulette, Tunisia, from Al Karama Holding. The concession to operate the cruise port was…
EMICOOL’s pipeline network crosses 240 Kms in 2019
DUBAI: Emirates District Cooling (Emicool) LLC, a wholly owned subsidiary of Dubai Investments, has announced that it now provides district cooling services to larger diversified sectors like residential, retails, commercial buildings, hotels, schools, universities, hospitals, furnished apartments, industrial and labour accommodation across UAE and with the mega reach network the total linear length of the…
Hudson’s Bay enters into amended agreement to be taken private at $11 per share
TORONTO: –(BUSINESS WIRE)–Hudson’s Bay Company (HBC) has entered into an amended arrangement agreement with a group of existing shareholders under which the HBC common shares held by the Company’s other shareholders will be acquired by HBC for $11.00 in cash per share. The Hudson’s Bay Company is a Canadian retail business group. A fur trading…
BMW North America sales increase 4.0% in December; close 2019 up 4.4%
WOODCLIFF LAKE–(BUSINESS WIRE)–BMW sales totaled 35,746 vehicles in December 2019, an increase of 4.0 percent over the 34,357 vehicles sold in December 2018. For the full year 2019 BMW sales increased 4.4 percent on total sales of 324,826, compared to the 311,014 vehicles sold in 2018. In 2019, BMW brand sales in the U.S. continued…
PSX all set to launch dividend shares index and exchange traded funds
KARACHI, PAKISTAN: Pakistan Stock Exchange (PSX) is all set to launch two new products including Exchange Traded Fund (ETF) and Dividend Index within a month, hoping to attract new investors to the saturating market. GM Product Development PSX Hasan Raza said a 20-shares index comprising high and consistently dividend paying stocks had been developed, “which…
Team17 Group acquires Yippee Entertainment for £1.4 million
LONDON, UK: Team17 Group has announced the acquisition of Yippee Entertainment Limited for a total consideration of circa £1.4 million. The business will operate under Team17 as a wholly owned subsidiary. Team17 is a global games label, creative partner and developer of independent (indie), premium video games. Yippee Entertainment is a multi-award-winning software developer and…
Oxford Nanopore announces £109.5mn of investment and secondary share sales
LONDON: IP Group’s portfolio company Oxford Nanopore Technologies Limited has raised £29.3 million of new capital and facilitated the secondary sale of £80.2 million of shares, an aggregate investment of £109.5 million. IP Group is the developer of intellectual property-based businesses. Following completion of the transaction, IP Group will hold an undiluted beneficial stake of…
EQTEC achieves financial close on its biomass power plant
LONDON, UK: EQTEC plc, the technology solution company for waste gasification to energy projects, has achieved financial close on the proposed construction and operation of a 2MW biomass plant by North Fork Community Power LLC (NFCP) on December 31, 2019. Accordingly, the Equipment Sale and Services Contract between the Company and NFCP, originally announced on…
Shell Pakistan collaborates with PakWheels to launch an exclusive portal
KARACHI: Shell Pakistan Limited is collaborating with Pakistan’s highly trusted automobile website, PakWheels.com to launch an exclusive portal. PakWheels is a website that provides information regarding vehicles; and has over the years won the trust of their visitors and established a good readership. Through this alliance , Shell Pakistan and PakWheels will provide a holistic…
EUKOR Car Carriers renews Hyundai Motor Group contract
OSLO, NORWAY: EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, has renewed its contract with Hyundai Motor Group (HMG), maintaining a 40% volume share on existing rates. “The agreement confirms EUKOR Car Carriers’ strong position in Korea and is a proof of quality delivered under the existing contract,” says Craig Jasienski, CEO Wallenius Wilhelmsen….
XTD Limited completes acquisition of Adline Media Pty Ltd
PERTH, AUSTRALIA: XTD Limited, a service provider to out-of-Home advertising, has completed its acquisition of diversified media and marketing company Adline Media Pty Ltd. With the closing of the transaction, the Adline business will be integrated into XTD From January 2, 2020. XTD Chief Executive Officer, Adam Cadwallader, said the completion was the beginning of…