Apple is gearing up for a busy year ahead, with a range of new products and updates across its major product lines. According to a report from Bloomberg, the tech giant will release new iMacs, iPads, MacBooks and Apple Watch models in the next 12 months, as well as its highly anticipated Vision Pro headset….
Japan proposes $6.3bn acquisition of semiconductor material giant, JSR
TOKYO – In a move that highlights the global focus on critical chip technology, a fund backed by the Japanese government has unveiled a proposed $6.3 billion acquisition of JSR, a prominent semiconductor material giant. The Japanese Investment Corporation (JIC) submitted an offer of 4,350 Japanese yen ($30.3) per share to acquire JSR, representing a…
IBM to buy Apptio for $4.6 billion to boost its AI and IT automation software
IBM has announced that it will pay $4.6 billion in cash to acquire Apptio, a software company that helps customers optimize their IT spending and operations. The deal, which is expected to close in the second half of this year, is part of IBM’s strategy to invest in AI and IT automation software. Apptio provides…
MobilityOne announces joint venture agreement with Syed Faisal Algadrie Bin Syed Hassan to establish Qube nexus
LONDON, UK: MobilityOne Malaysia has entered into a joint venture cum shareholders agreement. This agreement with Syed Faisal Algadrie Bin Syed Hassan will pave the way for the establishment of a new joint venture company in Malaysia called “Qube Nexus Sdn Bhd” (“Qube”). The primary objective of Qube will be to explore promising business opportunities,…
Virginie Leroy assumes role as President of VINCI Immobilier
PARIS, FRANCE: Virginie Leroy has been appointed as the President of VINCI Immobilier, effective from 1 August 2023. The decision comes as VINCI Immobilier, a prominent real estate development company, looks to navigate new opportunities and challenges in the ever-evolving market. With an impressive educational background, Leroy’s journey to the top of VINCI Immobilier has…
Gjensidige Forsikring has agreed to acquire Denmark based PenSam Forsikring
OSLO, NORWAY: Gjensidige Forsikring has agreed to acquire PenSam Forsikring (PF), a P&C insurance provider in Denmark. The acquisition is subject to regulatory approvals in Denmark and Norway and is expected to be completed during the fourth quarter of 2023. The acquisition will strengthen Gjensidige’s ability to generate profitable growth in Denmark. The parties have…
Renault Group and Alpine secure €200mn investment to fuel growth in Alpine Racing Ltd
PARIS, FRANCE: Renault Group and Alpine have announced a significant investment of €200 million from Otro Capital, RedBird Capital Partners, and Maximum Effort Investments, collectively known as the “Investor Group.” This investment will grant the Investor Group a 24% equity stake in Alpine Racing Ltd, the renowned Formula 1 team representing Alpine’s F1 activities and…
Euronext sells 11.1% stake in LCH SA to LCH Group Holdings Limited
PARIS: Euronext, the leading pan-European market infrastructure, today announces it has entered into a definitive agreement for the sale of its 11.1% stake in LCH SA to LCH Group Holdings Limited (LCH Group), for an amount of €111 million. The completion of the transaction is expected to occur in early July 2023. The relevant authorities…
AEW UK REIT sells two industrial assets in Yorkshire for £16.1m
LONDON, UK: AEW UK REIT plc (LSE: AEWU), a real estate investment trust that invests in UK commercial property, has announced that it has sold two industrial assets in Yorkshire for a total of £16.1m, reflecting a premium to acquisition price of 31.2%. The assets are Euroway Trading Estate in Bradford and Lockwood Court in…
Wildcat signs MOU for potential investments in Sudan and African petroleum projects
LONDON, UK: Wildcat Petroleum, an oil and gas exploration company, has announced the signing of a Memorandum of Understanding (MOU) with a third party expressing interest in conducting due diligence on potential deals sourced by Wildcat from Sudan. The third party will evaluate these deals and decide whether to invest up to a maximum amount…
Aston Martin and Mercedes-Benz revise their strategic partnership
LONDON, UK: Aston Martin Lagonda Global Holdings and Mercedes-Benz AG have announced that they have agreed to amend their Strategic Co-operation Agreement (“SCA”), which was signed in October 2020. The SCA gave Aston Martin access to a range of Mercedes’ technology, in exchange for issuing shares to the German carmaker. The amendment will replace the…
Aston Martin and Lucid announce agreement to drive electrification strategy
LONDON, UK: Aston Martin Lagonda Global Holdings and Lucid Group Inc. have unveiled a groundbreaking partnership that promises to revolutionize the future of Aston Martin’s electric vehicle (EV) lineup. The two automotive powerhouses have announced their intention to enter into a unique and innovative supply arrangement that will support Aston Martin’s high-performance electrification strategy and…