Pakistan’s banking sector remains a cornerstone of the nation’s economic development, contributing significantly to tax revenues, employment, and financial inclusion, according to a recent address by Zafar Masud, Chairman of the Pakistan Banks Association (PBA). However, the sector faces challenges as it navigates a rapidly changing global economic landscape and addresses domestic criticisms. Tax Contributions and…
Ovanti Limited appoints interim CEO amid U.S. expansion plans
MELBOURNE: Ovanti Limited (ASX: OVT), a fintech and digital commerce software solutions provider, announced on February 26, 2025, the appointment of Executive Chairman Daler Fayziev as interim CEO. This move comes as the company seeks to accelerate its entry into the U.S. buy now, pay later (BNPL) market. The decision follows the departure of former…
PointsBet agrees to $353 million acquisition by MIXI
MELBOURNE: PointsBet Holdings Limited, an Australian corporate bookmaker, has entered into a binding agreement to be acquired by Japanese consumer technology company MIXI, Inc. in a deal valued at approximately $353 million. The acquisition, announced on Feb. 26, 2025, will see MIXI Australia Pty Ltd, a wholly owned subsidiary of MIXI, acquire 100% of PointsBet’s…
BlueBet Holdings offers to acquire PointsBet for upto $360 million
SYDNEY: BlueBet Holdings Limited (ASX: BBT) has made an offer to acquire PointsBet Holdings Limited in a deal valued at between $340 million and $360 million, the company announced Wednesday. The proposed acquisition, presented through a non-binding indicative offer dated Feb. 18, 2025, involves a cash pool of $240 million to $260 million and scrip…
LongRange Capital to acquire US Synthetic Corporation from ChampionX
OREM: LongRange Capital, a private equity firm with a focus on long-term, customer-centric growth of middle market businesses, announced that it has entered into a definitive agreement to acquire US Synthetic Corporation from ChampionX Corporation. Founded in 1978 and based in Orem, Utah, US Synthetic is a leading provider of polycrystalline diamond (PCD) technologies, including PCD inserts,…
Driven Brands to sell U.S. car wash business, CEO Fitzpatrick to step down
CHARLOTTE: Driven Brands Holdings Inc. (NASDAQ: DRVN), the largest automotive services company in North America, announced Tuesday that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations, LLC, operating as Whistle Express Car Wash, for $385 million. “This transaction will enable Driven Brands to reduce debt…
Centric Software acquires Contentserv for €220 million
PARIS: Dassault Systèmes announced Tuesday that its subsidiary Centric Software, a leader in Product Lifecycle Management (PLM), has signed an agreement to acquire Contentserv, a prominent provider of product information management (PIM) and product experience management (PXM) solutions, for an enterprise value of €220 million. Centric Software specializes in innovative enterprise solutions that help plan, design, develop,…
Ajax to acquire Puna Metals for Eureka Project in Argentina
LONDON: Ajax Resources, a UK-listed special purpose acquisition company focused on natural resources, announced it has agreed on Heads of Terms (HoT) to acquire Puna Metals S.A. from Bezant Resources plc. Puna holds mining rights for the Eureka Project in northern Argentina. The Eureka Project, located in the north-west corner of San Salvador de Jujuy…
Titomic expands U.S. operations with acquisition of Huntsville manufacturing facility
PERTH: Titomic Limited, a global leader in advanced additive manufacturing and cold spray technology, announced Wednesday the acquisition of a 59,000-square-foot facility in Huntsville, Alabama, marking a significant milestone in its North American expansion. The Australian-based company, traded on the ASX under the ticker TTT, purchased the facility for $7.2 million. The site will serve…
RAS Technology Holdings expands in Hong Kong with strategic acquisition
HONG KONG: RAS Technology Holdings Limited (ASX: RTH) has announced the establishment of a wholly owned subsidiary, Racing and Sports Asia (RASA), in Hong Kong, marking a significant step in its expansion across the Asian region. RASA has agreed to acquire six established racing publications and a data service for HKD$20.0 million (approximately AUD$4.02 million)….
Westgold Resources to divest Lakewood Milling Operation to Black Cat Syndicate
PERTH: Westgold Resources Limited (ASX: WGX) announced today that it has entered into an agreement to sell its non-core Lakewood Milling Operation to Black Cat Syndicate Limited (ASX: BC8) for a total consideration of $85 million. The transaction includes $70 million in cash and $15 million in BC8 scrip. Black Cat will also assume approximately…
Vinanz Limited fast-tracks expansion in Indiana, boosts bitcoin mining fleet
LONDON: Vinanz Limited, a Bitcoin mining company listed on the London Stock Exchange, has expedited its expansion plans in Indiana, USA. The company has increased its Bitcoin mining fleet from 20 to 120 operational miners, acquiring 100 Bitmain Antminer S19J Pro miners. This move comes 2-3 months ahead of schedule and results in an immediate…