LONDON, UK: British American Tobacco (BAT) has sealed an agreement to divest its operations in Russia and Belarus, the company confirmed on Thursday. This move comes more than 18 months after the large-scale invasion of Ukraine prompted numerous Western firms…
The world’s largest and second-largest paper and packaging companies, Smurfit Kappa and WestRock, have confirmed they are in discussions over a merger worth $20bn. The deal would create a new holding company, Smurfit WestRock, listed on the New York Stock…
Morgan Stanley is set to launch a generative artificial intelligence chatbot this month, in partnership with OpenAI, the makers of ChatGPT. The chatbot will listen to the conversations between the bank’s financial advisers and their wealthy clients, and provide various…
LONDON, UK: Pantheon Infrastructure PLC has committed to invest approximately £35 million in battery storage and electric vehicle fleet specialist Zenobe, through a co-investment vehicle managed by Infracapital, a leading European infrastructure investor that has raised and managed over £7bn…
Align Technology, Inc. (Nasdaq: ALGN) has announced a definitive agreement to acquire Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing. Cubicure is known for its innovative materials, equipment, and processes in the field. The company’s…
MELBOURNE, AUSTRALIA: Alchemy, a global leader in the circular technology market, has announced that it has acquired numobile, an Australian fintech company that offers mobile device subscription and financing services. The deal will enable Alchemy to expand its range of…
deskbird, a Swiss company that provides a Software-as-a-service (SaaS) platform for workplace management, has secured $13 million in a Series A funding round. The round was led by ALSTIN Capital and AVP (AXA Venture Partners), two venture capital firms that…
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…
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…
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…
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,…
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…