LONDON: 888 Holdings, one of the world’s leading betting and gaming companies, has announced a strategic review of its US consumer-facing operations, which could lead to a sale or exit of the market. The company, which owns brands such as William Hill, 888 and Mr Green, said it would consider all potential alternatives that can…
ImmuPharma reports positive financial and business update
LONDON: ImmuPharma PLC, a specialist drug discovery and development company, has announced a positive and comprehensive update on its financial situation and its portfolio of products. The company, which is listed on the London Stock Exchange’s AIM market, said it has enough funds for its immediate needs and does not plan to raise more equity…
Breedon Group acquires US concrete supplier BMC Enterprises for $300m
LONDON: Breedon Group plc, a leading construction materials group in Great Britain and Ireland, has announced the acquisition of BMC Enterprises Inc., a supplier of ready-mixed concrete, aggregates and building products based in St Louis, Missouri, for an enterprise value of $300m (£238.1m). The deal, which is expected to close by 7 March 2024, will…
Galderma Group plans to launch $2.3 billion IPO on the Swiss stock exchange
Galderma Group AG, the global leader in dermatology, announced on Wednesday that it intends to launch an Initial Public Offering (IPO) on the SIX Swiss Exchange, as part of its ambitious growth strategy. The company, which was founded in 1981 as a joint venture between L’Oréal and Nestlé, aims to raise about 2.3 billion USD…
Murray Cod Australia appoints Brett Paton as new Chairman
SYDNEY: Murray Cod Australia Limited (ASX: MCA) has announced the appointment of Brett Paton as the new independent non-executive Chairman. Paton’s extensive experience, including a 23-year tenure as Vice Chairman of UBS and roles at Citigroup and Tabcorp, is expected to bolster the company’s board. Concurrently, Ross Anderson steps down as Chairman but will maintain…
BCAL Diagnostics appoints Shane Ryan as new CEO
SYDNEY, AUSTRALIA: BCAL Diagnostics Limited (ASX:BDX) has announced the appointment of Shane Ryan as the new CEO, effective from April 2, 2024. Ryan, previously the company’s COO, will lead the launch of the innovative breast cancer test, BREASTEST™, and drive the company’s commercialisation efforts. Ryan’s extensive experience in biotechnology product commercialisation, notably his successful launch…
Globe Metals & Mining Limited announces CEO transition
SYDNEY, AUSTRALIA: Globe Metals & Mining Limited (ASX: GBE) has announced a significant leadership transition, with CEO Grant Hudson set to retire on May 31, 2024. Succeeding him will be Paul Smith, currently the Chief Operating Officer, who will take over as CEO on June 1, 2024, an ASX announcement noted. Smith, who joined Globe…
Growthpoint Properties Australia appoints Ross Lees as new CEO
SYDNEY: Growthpoint Properties Australia (GOZ) has announced the appointment of Ross Lees as the new Chief Executive Officer and Managing Director. Lees, who brings over two decades of experience in real estate investment, will succeed Timothy Collyer, with a transition period extending until July 2024. Lees’ extensive background includes a successful tenure as Head of…
ANZ sells 16.5% of shareholding in AmBank
AUCKLAND: ANZ has agreed to sell 16.5% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR3.85 per share. The sale will reduce ANZ’s shareholding in AmBank from 21.7% to 5.2% and is in line with ANZ’s strategy of simplifying the Bank. Following the sale, ANZ will…
Razor Group acquires Perch, becomes global leader in e-commerce aggregation
Razor Group, the Berlin-based e-commerce aggregator, has acquired its US rival Perch, creating the world’s largest online marketplace consumer brand platform. The deal is part of Razor’s consolidation strategy, which has seen it acquire other regional players such as Factory14, Valoreo and The Stryze Group. The acquisition will enable Razor to reach over $1 billion…
Yuno, a global payments platform, raises $25M from top investors
Yuno, a platform that orchestrates payments across different methods and regions, has secured $25 million in a Series A round led by DST Global Partners, Andreessen Horowitz, Tiger Global, Kaszek Ventures and Monashees, a financial news release noted. The company, founded by Juan Pablo Ortega and Julián Núñez, aims to revolutionize various industries such as…
Bloomberg Industry Group appoints Bobby Puglia as Chief Product Officer
Bloomberg Industry Group, a leading provider of industry knowledge and AI-enabled technology for professionals in government, law, tax, and accounting, has announced the appointment of Bobby Puglia as its Chief Product Officer. Puglia will report to CEO Josh Eastright and oversee the company’s product development efforts, including Bloomberg Law, Bloomberg Tax, Bloomberg Government, and the…