“Barbora Polska” Sp. z o. o., providing home food delivery service in Tricity, Warsaw, Katowice, and Lodz in Poland, is ceasing its operations. It is planned that “Barbora” services will be provided until March 3. According to the statement of Viktoras Juozapaitis, the director of RADAS, UAB, which controls the company “Barbora Polska“, the decision…
Ducon and deltaVision to co-develop fluid control solutions for space and hydrogen sectors
Ducon Infratechnologies Limited, a leading cleantech company in India, has announced a joint venture with deltaVision, a German start-up specialized in fluid control solutions for rocket fuel propulsion and hydrogen fuel delivery systems. The collaboration aims to co-develop and manufacture embedded products for the emerging Indian markets in the hydrogen and aerospace value chain. The…
Citi and BNP Paribas invest in United Fintech, a neutral platform for fintech innovation
United Fintech, a neutral Digital Transformation Platform that connects global financial institutions and cutting-edge technology providers, has secured strategic investments from Citi and BNP Paribas, two of the world’s leading banks. The deal, led by Citi, gives the banks rotating board seats and access to quarterly industry roundtables hosted by United Fintech, where they can…
Casino’s restructuring leads to Rallye’s bankruptcy and loss of control
PARIS: Casino, a French retail giant, has received the approval of the Paris Commercial Court for its accelerated financial restructuring plan, which will massively dilute the stakes of its existing shareholders. The plan, which is expected to be completed by 27 March 2024, will reduce Casino’s debt by €3.6 billion and extend its maturities by…
Peugeot Invest exits Groupe SEB with €236 million deal
PARIS, FRANCE: Peugeot Invest has sold its entire stake in Groupe SEB, a French manufacturer of small appliances, for €236 million. The deal was done through a private placement to institutional investors at €106 per share, a financial news announcement noted. Peugeot Invest, an investment company majority-owned by Etablissements Peugeot Frères, had invested in Groupe…
ADNOC Distribution unveils new growth strategy to become multi-energy leader
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced its new five-year growth strategy at an Investor Day in Abu Dhabi on Monday, 26 February. The Company aims to establish itself as a multi-energy, convenience, and mobility leader by expanding its network, enhancing its customer experience, and scaling up its low-carbon…
Cloudbreak Discovery sells lithium database to Lonestar Lithium
LONDON: Cloudbreak Discovery Plc (LSE: CDL), a natural resource project generator and royalty business, has announced the sale of its proprietary database of lithium targets in Texas to Lonestar Lithium Inc. (OTC: LSLI). The database contains regional modelling and data compilation across eastern Texas, where lithium is a key commodity for the energy transition. Cloudbreak…
On the Beach and Ryanair sign a long-term partnership deal
LONDON: On the Beach Group plc, a leading online travel agency, has announced a long-term distribution agreement with Ryanair Holdings, Europe’s largest low cost carrier. The deal will allow On the Beach customers to book Ryanair flights as part of their holiday packages with full price transparency and ATOL protection. The deal also resolves the…
Hydrogen Utopia and Helmond Holding Group merge to create a hydrogen powerhouse
LONDON: Hydrogen Utopia International PLC (HUI), a pioneer in converting waste plastic into clean energy, has announced a reverse takeover deal with Helmond Holding Group Corp. (HHG), a leading bio-energy company based in the British Virgin Islands. The merger will combine HUI’s innovative technology that transforms non-recyclable mixed waste plastic into hydrogen and other carbon-free…
CRH Plc to buy Adbri Limited in a $2.1 billion deal
SYDNEY, AUSTRALIA: CRH plc, a global building materials group, has agreed to acquire all the shares of Adbri Limited, an Australian cement and lime producer, that are not owned by Barro Group, a major shareholder of Adbri, for $3.20 per share in cash, an announcement on ASX noted. Scheme of Arrangement Approval for Proposed Adbri…
Salter Brothers-led Consortium to acquire Prospa in $0.45 per share deal
SYDNEY, AUSTRALIA: Prospa Group Limited (ASX: PGL), a leading online lender to small businesses in Australia and New Zealand, has announced that it has entered into a Scheme Implementation Deed with a Consortium led by the Salter Brothers Tech Fund, a private equity fund focused on technology investments, a company announcement noted. Under the terms…
Telix Pharmaceuticals to acquire IsoTherapeutics for upto $19m
MELBOURNE: Telix Pharmaceuticals Limited (ASX: TLX), a company developing targeted radiopharmaceuticals for cancer diagnosis and therapy, announced today that it has agreed to acquire IsoTherapeutics Group, LLC, a Texas-based firm that specializes in radiochemistry and bioconjugation. IsoTherapeutics, founded in 2005, is a commercial-stage company that offers development and contract manufacturing services to many players in…