LONDON: Mindflair plc, the company that invests in next-generation technology focused on AI, announces that it has agreed to subscribe £300,000 for 315,790 new shares in Sure Ventures plc (“SV plc”) at a price of 95 pence per share. Prior to the Subscription, Mindflair held 1,501,000 ordinary shares in SV plc, representing a 20.5% shareholding…
DCB Sports signs intent to acquire Guild eSports
LONDON: DCB Sports LLC has signed a letter of intent pursuant to which DCB Sports will acquire 100% of the assets of Guild Esports (LSE:GILD) as well as assuming all disclosed liabilities of the Company There is no guarantee that the Transaction will complete, and Guild remains in discussions with other parties. DCB Sports will…
HgCapital Trust will invest £11.5 million in CTAIMA and e-coordina
LONDON: HgCapital Trust plc (HgT), announced an investment in CTAIMA and e-coordina, who join forces to create leading Iberian contractor management, risk and compliance software platform. HgT will invest approximately £11.5 million in CTAIMA and e-coordina, with other institutional clients of Hg investing alongside HgT through the Hg Mercury 4 Fund. Headquartered in Tarragona, Spain, CTAIMA was…
GreenX Metals to acquire copper project in Germany
LONDON: GreenX Metals Limited has entered into an rarn-in agreement through which GreenX can earn a 90% interest in Group 11 Exploration GmbH, a private German company which holds the Tannenberg exploration licence and is highly prospective for sediment-hosted (Kupferschiefer type) copper deposits. GERMANY & EU MINING INDUSTRY· Germany has been a significant mining jurisdiction in…
TowerBrook Capital Partners and CD&R acquires R1 RCM Inc. for $8.9 billion
UTAH: R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions for healthcare providers, has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R), in an all-cash transaction with an enterprise value of approximately $8.9 billion. An investment vehicle controlled by…
Electric Guitar establishes joint venture with Exelia to build new AI-driven products
LONDON: Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company, will launch Marcomms.ai as a UK joint venture with Exelia Technologies Limited. Exelia Technologies is a Cyprus-based software development business with a specialised team of developers proficient in blockchain, machine learning, data processing and AI. Marcomms.ai is a 50:50 joint venture that combines…
Oceana Lithium CEO Caue Araujo resigns
SYDNEY: Oceana Lithium Limited (ASX: OCN) announced that Mr Caue Araujo has tendered his resignation as Chief Executive Officer of the company to pursue other opportunities. Mr Araujo will remain in his role until 10 September 2024 and will continue to assist the Company with its ongoing operations during this period. Mr Araujo’s duties will be assumed,…
Careteq Limited sells Sofihub business to Directed Technologies for $0.58 million
SYDNEY: Careteq Limited (ASX: CTQ) announced the divestment of its Sofihub business for $0.58 million, in cash plus transferring staff entitlements to Directed Technologies Group, with settlement expected to be in the early part of August 2024. The Board has strategically decided to divest the Sofihub business to accelerate its core strategic plan to achieve…
ABHI & Rollee collaborate to promote financial inclusivity for gig workers
Abu Dhabi, UAE: ABHI, an embedded finance platform revolutionizing financial transactions across the MENAP region, has partnered with Rollee, a data infrastructure that provides institutions with users’ risk profiles, to introduce Earned Wage Access for gig workers in the UAE. Through this collaboration, ABHI will leverage alternative data to empower workers with easier and more…
C.H. Robinson sells European Surface Transportation business to sennder Technologies GmbH
C.H. Robinson Worldwide Inc. (Nasdaq: CHRW) has announced to sell its European Surface Transportation business (EST) to sennder Technologies GmbH, the leading digital road freight forwarder in Europe. This move is part of the Company’s enterprise strategy to get fit, fast and focused and to drive focus on profitable growth in its four core modes…
Ofgem retains ban on acquisition-only tariffs
LONDON: Ofgem has announced that rules preventing energy suppliers from offering lower prices exclusively to new customers will remain in place to ensure all households can access the best available deals. The regulator has decided to keep the Ban on Acquisition-only Tariffs (BAT) – which ensures all customers have access to the best deals –…
Canva acquires generative AI company Leonardo.Ai
PERTH: Canva, a world leader in visual communication with more than 190 million monthly active users, today announced plans to acquire Leonardo.AI. “With Leonardo.Ai’s incredible foundational model, and team of 120 high-caliber researchers, engineers, and designers, this acquisition bolsters our ability to supercharge our growing suite of AI products while investing in continued research and innovation…