LONDON: International Airlines Group (IAG) is ordering 53 new Airbus and Boeing aircraft for its long-haul fleet, comprising 32 Boeing 787-10 aircraft for British Airways and 21 Airbus A330-900neo aircraft, which can be deployed within Aer Lingus, Iberia or LEVEL. Subject to shareholder approval at the IAG’s Annual General Meeting in June, these new aircraft will…
LondonMetric to acquire Urban Logistics in £698.9 million deal
LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
ATIS Group to acquire 300 wireless towers in Paraguay from Millicom
MONTEVIDEO: ATIS Group, a leading digital infrastructure provider in Latin America, announced Thursday that it has signed an agreement to acquire Lati Paraguay, a Millicom subsidiary that owns about 300 wireless communication towers in Paraguay. The deal, signed April 26, is part of ATIS’s continued expansion in the Southern Cone and strengthens its position as the region’s…
SKF partners with Carnegie Clean Energy on wave energy project
FREMANTLE: Carnegie Clean Energy Limited (ASX: CCE) announced Thursday a partnership with global industrial leader SKF to collaborate on the Power Take-Off (PTO) system for Carnegie’s CETO wave energy technology. The agreement includes SKF manufacturing three PTO units for the ACHIEVE Programme, a key step in commercializing the renewable energy solution. The PTO system, critical…
Cherat Cement and Shirazi Investments intend to acquire majority stake in Rafhan Maize
KARACHI: Cherat Cement Company and Shirazi Investments Pvt. Ltd. have jointly announced their intention to acquire a controlling stake of up to 75.69% in Rafhan Maize Products Company Ltd., signaling a significant transaction in Pakistan’s corporate sector. Under the proposed acquisition plan, each firm seeks to obtain 37.845% of Rafhan Maize’s shares. The company, currently…
Patrick Tiernan appointed as Lloyd’s CEO
LONDON: Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced that Patrick Tiernan has been appointed as Chief Executive Officer (CEO) by the Council of Lloyd’s. Patrick will commence his tenure as Lloyd’s new CEO on 1 June 2025. Patrick joined Lloyd’s in May 2021 as the organisation’s first Chief of Markets, responsible for…
Catalyst Metals acquires Old Highway Gold Project for A$32.5 million
PERTH: Catalyst Metals Limited (ASX: CYL) has announced the acquisition of the Old Highway Gold Project from Sandfire Resources Limited for A$32.5 million in cash. The development-ready project, located 40 kilometers southwest of Catalyst’s Plutonic processing plant in Western Australia, is expected to bolster the company’s gold production with low capital intensity. Key Details of…
Van Elle Holdings announces five-year partnership with WS Specialist Logistics
NOTTINGHAMSHIRE: Van Elle Holdings plc, the United Kingdom’s largest ground engineering contractor, has entered a five-year partnership with WS Specialist Logistics Limited to consolidate its heavy haulage operations. As part of the agreement, WS Specialist Logistics will take over the management and operation of Van Elle’s heavy goods vehicle fleet, incorporating the company’s transport management…
Apax Funds to take Norva24 private
LONDON: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €14m in Norva24 Group AB on a look-through basis. On 7 May 2025, Apax XI Fund, acting through Nordahl BidCo AB, has had their recommended public offer to the…
TA Fund XP offers to acquire FD Technologies in £570 million deal
LONDON: TA Fund XP, through its subsidiary KAIROS Bidco, has agreed to acquire FD Technologies in a deal valued at approximately £570 million, the company announced Thursday. Under the terms of the recommended acquisition, shareholders of FD Technologies will receive £24.50 in cash per share. As an alternative, eligible shareholders may opt for Rollover Shares…
Pakistan urged to establish dedicated cryptocurrency regulatory unit, develop digital currency
The Institute of Cost & Management Accountants of Pakistan (ICMAP) has recommended the creation of a dedicated regulatory unit within the Securities & Exchange Commission of Pakistan (SECP) or the State Bank of Pakistan (SBP), in collaboration with the Federal Board of Revenue (FBR), to oversee cryptocurrency regulations. The proposal aims to ensure inclusive and…
Stella-Jones acquires Locweld Inc., expands presence in steel transmission structure market
CANDIAC: Stella-Jones Inc. (TSX: SJ) announced Wednesday it has entered into a definitive agreement to acquire Locweld Inc., a leading manufacturer of lattice transmission towers and steel poles. The acquisition is expected to close later in the day. Locweld, which has been in operation for more than 75 years, employs approximately 220 people and serves customers in…