LONDON, UK: Mercia Asset Management announced the profitable sale of nDreams Limited to Aonic AB for an enterprise value of £90.3million ($110million). Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself. This exit results in a 2.7x return on…
Kitwave Group has acquired Wilds of Oldham, a composite drinks wholesaler
LONDON, UK: Kitwave Group plc (AIM: KITW), the delivered wholesale business, has acquired the entire issued share capital of WLG (Holdings) Limited, which trades as Wilds of Oldham, a composite drinks wholesaler. The total gross consideration for the acquisition, payable in cash, has been funded from the Group’s current banking facilities. Established for over 25…
Fertiglobe ships world’s first ISCC PLUS certified renewable ammonia
ABU DHABI, UAE: Fertiglobe, the strategic partnership between ADNOC and OCI Global, has completed the first shipment of the world’s first internationally recognized renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification. The renewable ammonia was produced at the company’s facilities in Egypt using renewable hydrogen from its pilot Egypt Green Hydrogen electrolyzer…
Dr Parmjot Bains appointed interim CEO of ImpediMed Limited
SYDNEY, AUSTRALIA: ImpediMed Limited (ASX: IPD), a medical device company that develops bioimpedance technology, has announced changes to its leadership and Board to improve its performance and profitability. The changes come after the Board conducted a review of the Company’s strategy and identified the need for better execution and cost control. The Company has appointed…
Al Ansari receives approval to launch digital wallet targeting the unbanked population
DUBAI, UAE: Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC, announced receiving the initial approval of a Store Value Facilities and Retail Payment Service Provider license from the Central Bank of the UAE. Aligned with the government’s ‘cashless society’ initiative and in support of the ‘financial inclusion’ agenda, Al Ansari Digital…
SHUAA appoints Wafik Ben Mansour as Acting CEO
UNITED ARAB EMIRATES: SHUAA Capital psc, the leading asset management and investment banking platform in the region, has announced the appointment of Wafik Ben Mansour as Acting CEO. Wafik will lead the next phase of SHUAA’s capital optimisation process to create a growth platform and capitalise on market opportunities in the UAE and wider region….
Lithium Australia sells Lake Johnston stake to Charger Metals
SYDNEY: Lithium Australia (ASX:LIT) has announced that it has entered into a binding agreement with Charger Metals (ASX:CHR) to sell its remaining 30% interest in the Lake Johnston Lithium Project in Western Australia. The project is a prospective lithium exploration asset that covers an area of 170 square kilometres. Under the terms of the agreement,…
Wolters Kluwer launches CCH iKnowConnect, platform for tax and legal research
SYDNEY: Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) announced the launch of CCH iKnowConnect, a cloud-based platform that provides a 360-degree view of legislation, streamlining the research process for tax and legal professionals. With continued investments in transformative innovation and advanced technologies, CCH iKnowConnect is a unified state-of-the-art platform experience changing the way…
Threats to PC users: Do you have a Disaster Recovery Plan?
The world of computing is constantly evolving and facing new challenges. As PC users, we need to be aware of the potential threats that can compromise our data, privacy, and security. In this blog post, we will discuss some of the current and emerging risks that PC users face, and how to prepare for and…
How to Avoid a Simple Mistake That Can Ruin Your Wealth and Your Kids’ Future
Have you ever wondered what would happen if you or your parents ran out of money in retirement? How would that affect your financial situation and your relationship with your family? This is not a hypothetical scenario, but a very real and serious problem that many people are facing today. I have a friend who…
Publix announces leadership changes effective January 1, 2024
Publix, the largest employee-owned company in the U.S., announced today that it will undergo some major leadership changes effective January 1, 2024. The company’s current CEO, Todd Jones, will become Executive Chairman, while the current President, Kevin Murphy, will be promoted to CEO. Additionally, the current Senior Vice President of Retail Operations, John Goff, will…
Chris Bishop joins Veterinary Innovative Partners as new CEO
TENNESSEE: Veterinary Innovative Partners (VIP), a network of veterinarian-owned-and-operated hospitals across nine states, has appointed Chris Bishop as its new Chief Executive Officer. Bishop brings over two decades of healthcare experience, including leading Regent Surgical Health, the largest private surgery center operator serving the hospital joint venture market. Bishop will lead the development and execution…