Bittrex, a popular crypto trading exchange, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. This move comes three weeks after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Bittrex and its co-founder and former CEO, William Shihara. The SEC charged the exchange…
Ryanair Orders 150 Boeing 737 Max 10 Planes After Resolving Pricing Dispute
Ryanair has announced its intention to purchase at least 150 Boeing 737 Max 10 planes, with an option to purchase an additional 150 planes, in what is the airline’s largest-ever order.
Pearson announces AI enhancements across its products
LONDON, UK: Pearson Plc, the world’s largest education company and a former book publisher, today updates on the generative AI enhancements in products across its portfolio. These enhancements, when combined with Pearson’s unparalleled collection of high quality proprietary intellectual property assets, further strengthen the Company’s position as a digital-first learning company focused on delivering an…
Gratifii’s Neat Ideas to acquire Spendless Buying Advisory, a cinema ticket & gift card reseller
SYDNEY, AUSTRALIA: Gratifii Limited, a leading provider of rewards and incentives solutions, has announced that its subsidiary, Neat Tickets Pty Ltd [Neat Ideas], has signed an agreement to acquire assets from Spendless Buying Advisory Service Pty Ltd for $175,000 in cash on completion. The acquisition will allow Neat Ideas to expand its existing retail gift…
Saunders expands into industrial automation & control system with acquisition of Automation IT
SYDNEY, AUSTRALIA: Saunders International Limited has announced its agreement to acquire Automation IT Pty Ltd, a specialist automation and control systems engineering business operating in the energy, water, defence and mining industries. The acquisition is subject to customary conditions, including change of control consents. Automation IT, established in 2000 and based in Old, employs 32…
Fortuna Silver Mines to acquire Chesser Resources for A$89 million
SYDNEY, AUSTRALIA: Fortuna Silver Mines Inc., a TSX/NYSE-listed precious metals mining company, has announced its intention to acquire Chesser Resources Limited. Under the binding scheme implementation deed, Fortuna will acquire all fully paid ordinary shares in Chesser, subject to various conditions. The scheme is recommended by the Chesser board and is subject to approval by…
CKA Group’s CK Bidco to takeover Civitas Social Housing for £485 million
LONDON, UK: Wellness Unity Limited (CK Bidco) has agreed to takeover Civitas Social Housing Plc for 80 pence per share translating the offer value of the entire issued share capital of Civitas (excluding treasury shares) at approximately £485 million. The cash consideration represents a premium of approximately 44.4 per cent to the closing price of…
Fertiglobe reports lower revenue amid European gas prices and shipment deferrals
ABU DHABI, UAE: Fertiglobe, the joint venture between ADNOC and OCI Global, has reported its financial results for Q1 2023, revealing a revenue of $694 million, adjusted EBITDA of $297 million, adjusted net profit of $135 million, and free cash flow of $271 million. The lower selling prices during the quarter was due to continued…
TotalEnergies acquires Iber Resinas to boost production of circular polymers in Europe
PARIS, FRANCE: TotalEnergies, a French multinational energy company, has acquired Iber Resinas, a Spain-based company that specializes in the mechanical recycling of plastics for sustainable applications. The move is expected to increase TotalEnergies’ production of circular polymers in Europe, broaden its range of recycled products, and improve its access to feedstock through Iber Resinas’ network…
Orascom Investment announces a partnership with BluEV
CAIRO, EGYPT: Orascom Investment Holding (OIH) has forged a groundbreaking partnership with BluEV, poised to shake up the light mobility industry in Egypt and beyond. This game-changing collaboration harnesses the unique expertise of BluEV’s founding team in tech and mobility engineering, along with OIH’s visionary leadership, global reach, and resources, to create a platform that…
Kriya Patel appointed CEO of Tap Global Limited
LONDON, UK: Tap Global Group Plc, the regulated crypto app bridging the gap between traditional finance and blockchain technology, announced the appointment, with effect from 12 June 2023, of Kriyakant “Kriya” Patel as Chief Executive Officer of Tap Global Limited (TGL), the Company’s wholly owned operating business. He will report to the Tap Board of…
Reabold Resources acquires 3.1% interest in LNEnergy for £250,000
LONDON, UK: Reabold Resources, the oil and gas investing company, has entered into a conditional subscription and option agreement with LNEnergy to acquire an initial 3.1% interest in the firm for £250,000. The deal also includes options for Reabold to purchase further shares that would increase its stake in LNEnergy to 25% for a total…