SYDNEY, AUSTRALIA: The Codan Group’s subsidiary Domo Broadcast Holdings has entered into a binding agreement to acquire 100% of the shares of Wave Central LLC, with completion to occur on 1 December 2023. Wave Central’s founders and senior management have all joined Codan’s Tactical Communications Broadcast division, Domo Broadcast, and will remain in the Wave…
Why Your Business Needs a Good Content Strategist
The role of a content strategist can be described as a silent architect behind a brand’s success. Their expertise reaches various fields of your business, and with strategic planning, they ensure that every piece of content corresponds with the audience and aligns with your business goals. Curious about how a content strategist can improve your…
Jubilant Foodworks offers to acquire DP Eurasia at the rate of 85 pence/share
LONDON: Jubilant Foodworks Netherlands B.V., a wholly owned subsidiary of Jubilant Foodworks Limited, announces its intention to make an offer for the entire issued and outstanding ordinary share capital of DP Eurasia N.V. not already owned by Jubilant Foodworks at 85 pence per DP Eurasia Share. Jubilant Foodworks intends to make an all-cash offer for…
Toyota and affiliates to sell $4.7 billion stake in Denso
Toyota Motor and two of its group companies plan to sell about 10% of their shares in Denso, a major supplier of automotive components, by the end of the year, Reuters reported on Tuesday. The stake is worth about $4.7 billion at current market prices, making it the second-largest share offering in Japan this year…
Nighthawk and Moneta Gold to merge and create a leading gold development company
Nighthawk Gold Corp. and Moneta Gold Inc. have announced an at-market merger deal, in which Moneta will acquire all of Nighthawk’s shares in exchange for its own shares. The resulting entity, MergeCo, will own two large-scale gold projects in Canada: the Tower Gold Project and the Colomac Gold Project. The merger will require the approval…
Europe’s tech industry investment plunges amid high interest rates, economic uncertainty
Europe’s tech industry faced a challenging year in 2023, as venture capital investment plunged by half amid high interest rates and macroeconomic uncertainty. However, some sectors, such as artificial intelligence and climate tech, managed to attract significant funding and talent, showing the resilience and diversity of the region’s innovation ecosystem, according to CNBC. The funding…
Accenture to buy Italian AI firm Ammagamma
Accenture, a global professional services company, has announced its plan to acquire Ammagamma, an Italy-based firm that specializes in AI and generative AI technologies. The deal is part of Accenture’s $3 billion investment to help clients transform their businesses through AI. Ammagamma, founded in 2013, has a team of 90 AI experts with diverse backgrounds…
Shein eyes US expansion with $90 billion IPO plans amid criticism
NEW YORK: Shein, the Chinese online fashion giant that has taken the world by storm with its ultra-fast and ultra-cheap clothing, is preparing to go public in the United States, as it also seeks to expand its offline presence through a partnership with Forever 21. Shein has reportedly filed for an initial public offering (IPO)…
One Click LCA raises €40M to scale up its decarbonization platform
One Click LCA, a Helsinki-based tech company, has secured a €40M investment from PSG Equity and InfraVia Capital Partners, two leading growth equity firms. The company provides a global decarbonization platform for the construction and manufacturing industries, using life-cycle assessment (LCA), environmental product declaration (EPD), and other sustainability solutions. The platform helps measure, report, and…
SPIE signs agreement to acquire ROBUR Industry Service Group GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire ROBUR Industry Service Group GmbH. Headquartered in Munich, ROBUR Industry Service Group GmbH is an industrial services company offering, to a diversified customer portfolio, a wide range of services across…
Troy Income & Growth Trust to merge with STS Global Income & Growth Trust
LONDON, UK: Troy Income & Growth Trust plc (TIGT), an equity income investment trust, has announced that it has agreed to merge with STS Global Income & Growth Trust plc (STS), another investment trust managed by Troy Asset Management Limited (Troy). The merger, which is subject to shareholder and regulatory approvals, will be implemented through…
Abrdn China Investment Company to merge into Fidelity China
LONDON, UK: The Board of Abrdn China Investment Company Limited (ACIC) has agreed heads of terms in principle for a proposed combination of the company with the assets of Fidelity China Special Situations PLC, a notice said. ACIC believes the proposals will benefit shareholders in the company going forward. Fidelity China is the top performing…