AMSTERDAM: VEON Ltd., a global digital operator that provides online services and connectivity, has announced that it has submitted an application for a digital banking license to the Central Bank of Bangladesh, together with its subsidiary Banglalink, a leading mobile operator and digital service provider in the country. The move is part of VEON’s commitment…
Pakistan blocks 120 loan apps from Google Play and Apple stores
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), the regulator of the non-banking finance sector, has taken strict action against illegal loan apps that were operating without its approval and posing a threat to the public. The SECP, in collaboration with Google, Apple, and the Pakistan Telecommunication Authority (PTA), has identified and blocked 120…
Golden Rock to buy 2mee, a communication platform for influencers, in a £6-8mn deal
LONDON, UK: Golden Rock Global plc (LSE:GCG), a SPAC that is seeking opportunities in the FinTech sector, has announced that it has signed heads of terms to buy 2mee Limited, a company that has developed a patented omnichannel communication platform that delivers influencers as on-screen web and app messages. 2mee’s platform aims to enhance customer…
Ashington Innovation to acquire Cell Therapy in a £135 million all-share deal
LONDON, UK: Ashington Innovation (LSE:ASHI), a SPAC that focuses on technology businesses, has announced that it has signed a non-binding term sheet to acquire Cell Therapy Limited, a clinical stage biotechnology firm with a portfolio of patented cellular medicines. Cell Therapy is developing novel therapies for heart failure, based on its proprietary technology that uses…
HgCapital Trust sells part of its stake in TeamSystem to ADIA and CapitalG
LONDON, UK: HgCapital Trust plc (HGT), a listed investment trust that invests in software and service businesses, has announced that it has agreed to sell part of its stake in TeamSystem, a leading provider of business software solutions in Italy and Spain, to two new investors. According to a press release, a subsidiary of the…
IperionX to supply low-carbon titanium components to Lockheed Martin
SYDNEY, AUSTRALIA: IperionX Limited, a company that develops and commercializes low-carbon titanium production technologies, announced today that it has agreed to an order with Lockheed Martin, a global leader in aerospace and defense, for the delivery of titanium plate components produced using IperionX’s U.S. manufactured titanium. The titanium plate components will be manufactured with powder…
NZME buys out OneRoof joint venture partner for $2.1 million
AUCKLAND, NZ: NZME, the owner of the New Zealand Herald and other media outlets, announced today that it has agreed to acquire the remaining 20 percent of the shares in OneRoof, its online property platform, for $2.1 million. The deal will bring NZME’s total shareholding in OneRoof to 100 percent. NZME has exercised its option…
Firering to acquire stake in Zambia limestone project for $5.1 million
LONDON, UK: Firering, an exploration company focusing on critical minerals, announced today that it has signed an option deed to acquire up to 28.33% of Limeco Resources Limited, the owner of a limestone project in Zambia, for an aggregate of $5.1 million across two tranches. The project comprises of a limestone quarry with an estimated…
ChallengerX acquires exclusive licence for FlashBet Wheel App in UK and Europe
LONDON, UK: ChallengerX, a company that helps amateur and semi-professional sports clubs to professionalise their operations, announced today that it has acquired an exclusive licence for the rights of FlashBet Wheel App’s design and technology in UK and Europe. The app is an innovative parlay/accumulator betting product that aims to improve the way bettors engage…
Watkin Jones sells three PRS assets to L1 Capital for £11 million
LONDON, UK: Watkin Jones, a leading UK developer and manager of residential and student accommodation, announced today that it has completed the sale of its three non-core Private Rented Sector (PRS) operational assets, located in Sheffield and Manchester, to L1 Capital, an Australian-based global investment manager. The sale will generate an initial net cash inflow…
Atlantic Lithium partners with Piedmont to develop Ghana’s first lithium mine
LONDON, UK: Atlantic Lithium Limited, the African-focused lithium exploration and development company, announced today that its partner Piedmont Lithium has agreed to support the development of its flagship Ewoyaa Lithium Project in Ghana towards production. Piedmont, a US-based lithium company, has exercised its option to acquire an initial 22.5% interest in Atlantic Lithium’s spodumene projects…
BAE Systems to acquire Ball Aerospace for $5.55 billion
Regulatory Approval for Ball Aerospace acquisition LONDON, UK: BAE Systems, a global leader in defence and aerospace, announced today that it has agreed to buy Ball Aerospace, a leading provider of mission critical space systems and defence technologies, for $5.55 billion in cash. The deal, which is subject to customary closing adjustments, will strengthen BAE…