HSBC, Europe’s largest lender, is set to acquire Citigroup’s China consumer wealth management business, which manages more than $3 billion in assets, Reuters reported. The deal, which could be announced as soon as next month, will also see HSBC taking over hundreds of Citi’s China-based staff. The acquisition is part of HSBC’s strategy to expand…
GameStop appoints billionaire Ryan Cohen as CEO and chairman
GameStop Corp. announced on Thursday that it has named Ryan Cohen, its largest shareholder and board member, as its new chief executive officer and chairman. The move marks the culmination of Cohen’s efforts to transform the struggling videogame retailer into a more online-focused business. Cohen, who founded and sold online pet products retailer Chewy for…
Pioneer Lithium hires former Fortescue executive Clinton Booth as CEO
SYDNEY, AUSTRALIA: Pioneer Lithium Limited, a new player in the critical minerals sector in North America, has announced the appointment of Clinton Booth as its first Chief Executive Officer. Mr Booth is a seasoned mining executive with more than two decades of experience in the industry, having worked for Fortescue Future Industries and Galaxy Resources…
Regal Partners withdraws bid to buy Pacific Current
LONDON, UK: Regal Partners Limited, an alternative investment manager listed on the ASX, has announced that it has withdrawn its offer to acquire Pacific Current Group Limited, a global multi-boutique asset management firm. Regal Partners had made a confidential and non-binding indicative proposal to buy all the shares of Pacific Current in March 2023, and…
Duckhorn Wine Company CEO Alex Ryan retires, Deirdre Mahlan steps in
The Duckhorn Portfolio Inc., North America’s premier luxury wine company, announced the retirement of its President, Chief Executive Officer and Chairman, Alex Ryan, after 35 years of service. The company’s Board of Directors has appointed Deirdre Mahlan, a former CEO of Diageo North America, as interim President, Chief Executive Officer and Chairperson. Mahlan has been…
TotalEnergies sells a 40% interest in Block 20 to Petronas ahead of its development
PARIS, FRANCE: TotalEnergies EP Angola Block 20 has finalized the sale to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies, of a 40% interest in Block 20 in the Kwanza Basin in Angola. The transaction was completed for an amount of $400 million as at January 1st, 2023, subject…
New product from Concurrent Technologies extends life of legacy systems
LONDON, UK: Concurrent Technologies, a leading provider of embedded computer solutions for critical applications, has announced the launch of Buddon, a ruggedised plug-in-card that offers a technology upgrade for systems based on 3U CompactPCI. Buddon is a postcard sized board that incorporates the latest 11th Generation Intel® Core™ Processor, enabling customers to meet higher security…
Let’s Explore Group agrees to acquire Huddled Group for £3.95 million
LONDON, UK: Let’s Explore Group plc has entered into a conditional sale and purchase agreement, for the acquisition of the entire issued share capital of Huddled Group Limited, and its wholly-owned Subsidiaries for a total consideration of £3.95 million. The Company will pay an initial payment of £3.45 million and a deferred payment, subject to…
HICL Infrastructure to sell five UK assets for £204 million
LONDON, UK: HICL Infrastructure Plc has agreed to dispose of a portfolio of five assets to John Laing, an international core infrastructure investor. The portfolio is made up of HICL’s entire equity interest in four UK PPP projects; Queens (Romford) Hospital, Oxford John Radcliffe Hospital (“OJR”), Priority Schools North East Batch and South Ayrshire Schools,…
Bedeo launches hybrid conversion service for diesel vans in France
Bedeo, a British company that supplies electric powertrains for vans, has announced a new service that will turn thousands of diesel vans into electric hybrids. The service will start in France, where the government offers a 9,000-euro subsidy for retrofitting old fossil-fuel models. The service involves installing a 37-kilowatt hour battery and Protean Electric in-wheel…
Amazon hires former Microsoft product chief Panos Panay
Amazon has announced that it has hired Panos Panay, the former chief product officer of Microsoft, to lead its Devices & Services division. Panay will replace David Limp, who is retiring after seven years in charge of Amazon’s device business. Panos Panay is known for his role in developing Microsoft’s Surface line of devices and…
Aquila European Renewables to list on Euronext Growth Dublin
LONDON, UK: Aquila European Renewables plc (AER), a London-listed investment company focused on renewable energy projects in Europe, has announced its intention to list its shares on Euronext Growth Dublin, a market operated by Euronext Dublin. The company said that the secondary listing will not involve raising any new funds or issuing any new shares,…