SYDNEY, AUSTRALIA: Chorus, the largest telecommunications infrastructure company in New Zealand, has announced its plans to extend its fibre broadband network to another 10,000 premises by FY25. The company has submitted an update to the Commerce Commission, the regulatory authority for the telecommunications sector, regarding its proposed investment for the next four years. The fibre…
Solutions acquires 40% stake in Devoteam Middle East for AED 726.3 million
RIYADH: solutions, the leading provider of internet and communications services in Saudi Arabia, announced on Thursday that it has completed the acquisition of 40% of Devoteam Middle East, a regional leader in digital transformation consulting and solutions. The deal, which was approved by the General Authority for Competition (GAC) in November 2023, was valued at…
How to Avoid Investment Scams by People You Know
Have you ever been tempted to invest your money with someone you know, such as a friend, a relative, or an acquaintance? Have you ever been promised high returns on your investment, only to find out later that you have been scammed? If so, you are not alone. According to a recent report by the…
Dazheng group-led consortium urges Hollysys shareholders to reject Ascendent offer
A consortium of buyers led by Dazheng Group Acquisition Limited has issued a statement urging the shareholders of Hollysys Automation Technologies Ltd. to reject the offer from Ascendent Capital Partners and accept its superior offer of US$29.50 per share. The consortium claims that its offer provides an 11.3% premium to Ascendent’s offer and has more…
What are the Best Phones in 2024? Here’s Our List of the Top 10
People have different preferences and expectations when it comes to choosing a mobile phone. However, here are some of the common factors that people consider important and delightful in a mobile phone: Build quality: The durability and design of a phone, whether it is made of metal, plastic, or glass, and how well it can…
Descon and IFC join hands to reduce postharvest losses in Pakistan
KARACHI: Descon, a leading industrial conglomerate, and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Memorandum of Understanding (MoU) to address the postharvest losses of wheat, rice, and maize in Pakistan. The strategic alliance aims to save around USD 2 billion worth of essential grains that are lost…
HgCapital Trust plc invests in European insurance broker GGW Group
LONDON, UK: HgCapital Trust plc (HGT), a listed investment trust managed by Hg, has announced its participation in the next growth stage of GGW Group, one of Europe’s leading insurance brokers for small and medium-sized businesses. The deal, which is subject to regulatory approvals and expected to close in Q2 2024, follows an option for…
Apax Global Alpha Limited has acquired WGSN
LONDON, UK: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, has invested approximately €21.5m in WGSN on a look-through basis. On 1st February 2024, the Apax XI Fund, in which AGA is a limited partner, announced that it had closed the acquisition of WGSN, a leading…
Epsilon Advanced Materials acquires German cathode technology center
Epsilon Advanced Materials (EAM), a global EV battery materials provider, has acquired a cathode active material technology center in Moosburg, Germany, from Johnson Matthey. The center specializes in producing lithium-ion phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials, which are safer, cheaper, and more durable than other types of cathode materials. With this…
The Azur Selection acquires three hotels in Cannes, France
PARIS: The Azur Selection, a leading Greek hotel company, has announced its entry into the French market by acquiring three prestigious hotels in Cannes from Hôtels Du Groupe Boucau. The deal, financed by a bank loan, reflects the company’s ambition to expand beyond Greece and offer unparalleled experiences to its guests. Mr. Georges Arvanitakis, Chairman…
BIZLINX.ai: A New Way to Buy and Sell Franchises
A new online platform, BIZLINX.ai, aims to revolutionize the franchising industry by using artificial intelligence to match buyers and sellers of franchises. The platform, founded by franchise expert Sarah Moudry, offers a low-cost, transparent, and efficient alternative to traditional brokers and sales representatives. BIZLINX.ai allows sellers to list their franchises for a yearly fee of…
MedImpact Healthcare acquires Elixir Solutions
MedImpact Healthcare Systems, Inc., the nation’s largest independent health solutions, technology, and pharmacy benefit management (PBM) provider, announced today that it has acquired Elixir Solutions, a leading PBM company. The acquisition is part of MedImpact’s reinvestment strategy and aims to enhance its clinical, technology, health risk management, and consumer empowerment capabilities. Fred Howe, MedImpact Chairman…