SYDNEY, AUSTRALIA: Metals Acquisition Limited (MAC), a global metals and mining company, has commenced trading on the Australian Securities Exchange (ASX) today under the ticker ‘MAC’, after raising A$325 million in an oversubscribed initial public offering (IPO) of CHESS Depositary Interests (CDIs). The company, which is also listed on the New York Stock Exchange (NYSE),…
LLYC acquires Lambert Global, triples its size in the U.S.
LLYC, a global Corporate Affairs and Marketing consulting firm, has announced the largest acquisition in its history: Lambert Global, a strategic communications firm that specializes in public relations, investor relations, and integrated marketing. The acquisition is expected to result in revenues of $35.1 million and EBITDA of $9.7 million for LLYC USA. LLYC is acquiring…
UFOFLEET and Stellantis join forces to offer innovative mobility solutions in Belgium
UFOFLEET, the leading SaaS platform for electric fleet management, has announced a strategic partnership with Stellantis Financial Services in Europe, the financial arm of the world’s fourth-largest automaker. The partnership aims to provide enhanced mobility solutions for Stellantis customers and dealers in Belgium, starting with a pilot project to automate the test drive experience using…
Bona acquires its Australian distributor Ezi Floor Products
Bona, a global leader in premium floor products, has announced the acquisition of its long-time Australian distributor Ezi Floor Products (EFP), strengthening its presence and growth in the Asia-Pacific region. Bona acquires its Australian distributor Ezi Floor Products, which has been the exclusive importer and national distributor of Bona products in Australia for over 20…
Icade unveils its new strategic plan ReShapE for 2024-2028
AMSTERDAM: Icade, a leading French real estate company, has announced its new strategic plan ReShapE for 2024-2028 at its Investor Day in the Paris Orly-Rungis business park. The plan aims to respond to the changing needs and expectations of its customers and stakeholders, as well as the major climate-related challenges facing society. The plan is…
McPhy Energy may sell its refueling station business to Atawey
PARIS, FRANCE: McPhy Energy, a leading manufacturer of low-carbon hydrogen equipment, has announced that it has received a binding offer from Atawey, a French company specialized in hydrogen mobility solutions, for the sale of its refueling station business. The offer comes after the two parties entered into exclusive negotiations in December 20231. The sale price…
Pakistan’s textile exports rise by 10% in January
LAHORE: Pakistan’s textile exports have shown a remarkable growth of 10% year-on-year in January 2024, reaching US$1.45 billion, according to the latest data released by the Pakistan Bureau of Statistics (PBS). The increase in textile exports is mainly due to the low base effect of the same period last year, when the country faced a…
Anglo American Platinum reports lower earnings amid weak PGM prices
LONDON, UK: Anglo American Platinum, the world’s largest platinum producer, announced its annual results for 2023 on Monday, showing a sharp decline in earnings and profitability due to lower prices for platinum group metals (PGMs) and higher costs. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped by 67% to R24 billion, compared…
KEFI Gold and Copper announces third VMS deposit discovery in Saudi Arabia
LONDON, UK: KEFI Gold and Copper Plc (AIM: KEFI), the gold and copper exploration and development company with a first-mover advantage in Saudi Arabia, has announced the discovery of a third Volcanogenic Massive Sulphide (VMS) deposit in the Hawiah district of Saudi Arabia. The new deposit, named Abu Salal, is located 50km south of the…
OGDCL announces major gas-condensate discovery in Sindh
LONDON: The Oil and Gas Development Company Limited (OGDCL), the largest exploration and production company in Pakistan, has made a significant discovery of gas-condensate in the Khewari Block, located in District Khairpur, Sindh Province. According to a company announcement to London Stock Exchange, the discovery was made at the Kharo-1 well, which was drilled to…
Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
LONDON, UK: Bank of Georgia Group PLC (BOGG), a leading banking and investment group in Georgia, announced on Monday that it has agreed to acquire 100% of Ameriabank CJSC, a leading universal bank in Armenia, for approximately $303.6 million in cash. The acquisition, which is subject to shareholder and regulatory approvals, will significantly enhance the…
Keybridge Capital offers to acquire Yowie Group for a$6.8 million in cash
SYDNEY, AUSTRALIA: Keybridge Capital Limited has launched a takeover bid for Yowie Group Limited, a company that produces chocolate products with collectible toys inside. Keybridge is offering AUD 3.4 cents cash per share, which values Yowie at about AUD 6.8 million. The offer price represents a premium of 9.68% to the one month average price…