LONDON, UK: M.P. Evans Group, a UK-based company that operates oil-palm plantations in Indonesia and Malaysia, has announced that it has agreed to buy two Indonesian companies that own and manage a total of 8,350 hectares of oil-palm plantations in East Kalimantan, Indonesia, for US$60 million. The two companies, P.T. Agro Bumi Kaltim (ABK) and…
Direct Line to sell brokered commercial insurance business lines to RSA for an initial £520 million
LONDON, UK: Direct Line Insurance Group plc has signed an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a wholly-owned subsidiary of Intact Financial Corporation, for initial consideration of £520 million. Potential further consideration of up to £30 million, contingent upon certain earn-out provisions relating to the financial performance of…
ADNOC Gas signs $450-550 million LNG supply agreement with PetroChina International Co.
ABU DHABI, UAE: ADNOC Gas plc, a world-class integrated gas processing company, today announced an agreement, valued between $450 million (AED1.65 billion) and $550 million (AED2 billion), to supply Liquefied Natural Gas (LNG) to PetroChina International Company Limited, a subsidiary of PetroChina Company Limited, one of the leading oil and gas producers and distributors in…
AI-Powered Product Data Startup Harmonya Secures $20 Million in Series A Round
Harmonya, a software company that provides an AI-powered product data platform for retailers and brands, has announced that it has raised $20 million in a Series A funding round. The round was led by Bright Pixel Capital, the technological investment arm of the multinational group Sonae, and included existing investor Team8, as well as several…
ThetaRay raises $57 million to expand Its AI-powered transaction monitoring solution
ThetaRay, an Israeli company that offers an artificial intelligence (AI) solution for anti-money laundering (AML) transaction monitoring, has secured $57 million in a growth funding round led by Portage, a Canadian investment firm. The round also saw the participation of existing investors JVP, OurCrowd, and others. The company plans to use the new capital to…
What is a Merchant of Record and How it Can Help Your Business
In the ever-evolving panorama of e-commerce and digital transactions, corporations are usually in search of solutions that streamline their operations and ensure compliance with complicated financial guidelines. One such solution that has received prominence is the concept of a Merchant of Record (MoR). Today, we shall take a look deep into what MoR entails and…
6 Things You Should Consider Before Opening A Bar
Opening a bar can be an exciting and potentially lucrative venture. The prospect of creating a space where people come together to relax, socialize, and enjoy good drinks is undeniably appealing. However, before you jump headfirst into this endeavor, there are several crucial factors you need to consider. In this blog post, we will explore…
Facing the Unknown: How Attorneys Prepare You for Legal Challenges
Navigating the labyrinth of the legal system can be daunting for the uninitiated. The prospect of facing legal challenges often induces anxiety and stress due to laws and regulations’ complex, intricate nature. This is where attorneys step in, providing a guiding light in murky waters. These legal experts equip you with the knowledge, strategies, and…
Atturra Holdings signs agreement to acquire Sabervox
SYDNEY, AUSTRALIA: Atturra Limited (ASX: ATA), a leading advisory and technology services business specialising in designing, implementing, and maintaining IT solutions, announced that its subsidiary, Atturra Holdings, has exchanged a Share Purchase Agreement (SPA) to acquire Sabervox. Headquartered in Newcastle, Sabervox specialises in providing managed IT services and cloud subscriptions to mid-sized customers in regional…
Multiply Group acquires majority stake in Media 247 for AED 225 million
Abu Dhabi, UAE: Multiply Group, an Abu Dhabi-based investment holding company, has completed its acquisition of a 55% majority stake in Media 247, a leading outdoor advertising firm in the UAE, for AED 225 million. The acquisition price has been adjusted as a result of the Company’s strong financial performance during the first half of…
Norse Atlantic Airways launches ticket sales for new route between Paris and Los Angeles
OSLO, NORWAY: Norse Atlantic Airways, the pioneering low-cost long-haul airline, announced the commencement of ticket sales for its direct route between Paris and Los Angeles. This new service, operating six times a week, is set to commence on 1st May 2024 and is available to book immediately on www.flynorse.com Flights depart Paris (CDG) at 16.15…
Mike Paul takes over as Interim CEO of Gusbourne PLC as Charlie Holland steps down
LONDON, UK: Mike Paul, a Non-Executive Director with extensive wine industry experience, has been appointed as Interim Chief Executive Officer of Gusbourne PLC, the English sparkling wine producer. He replaces Charlie Holland, who has resigned as CEO and director of the Company after ten years of service. Holland will remain as a consultant to the…