MUNICH: Mutares SE & Co. has signed an agreement to sell its portfolio company FDT Flachdach Technologie GmbH to Holcim Group. The closing of the transaction is expected in the first quarter of 2023. FDT Flachdach Technologie GmbH is a leading manufacturer of thermoplastic roofing membranes with a strong presence in key Western European countries…
SRG Global signs deal to acquire ALS Industrial (Asset Care) for A$ 80 million
SYDNEY, AUSTRALIA: SRG Global Ltd (ASX: SRG) has entered into a binding agreement with ALS Industrial Holdings, a subsidiary of ALS Ltd, to acquire 100% of the issued shares in ALS Industrial (ALS Asset Care) for A$ 80 million. Asset Care is a 100%-owned subsidiary of ASX-listed ALS Ltd (ASX:ALQ) and specialises in asset integrity…
MJ Hudson Group CEO Matthew Hudson resigns
LONDON, UK: MJ Hudson Group (AIM: MJH), the specialist service provider to the asset management industry, announces that Matthew Hudson, the Group CEO has tendered his resignation from the Company with immediate effect. Matthew has led the Group from when it was founded in 2010 as a specialist legal firm through its subsequent acquisitions diversifying…
Is gambling never a good idea or can you actually win?
Playing games of luck is not a new way to have fun. People have enjoyed the excitement these games offer for centuries now. But is gambling a good idea at all, and do the players even have a possibility of winning? This article will take a look at this subject. Very shortly, yes, the players…
Is Gold A Hedge Against Inflation?
New investors wonder whether gold is the asset to have in times of financial turmoil. Traditionally, gold was considered as a safe haven when inflation was hot. The question is, whether the historical approach is rational in today’s financial markets. Let’s look at how gold acts as a hedge against inflation. Gold’s historical role Gold…
GiG to split Media Services and iGaming platform into separate listed entities
OSLO, NORWAY: The Board of Gaming Innovation Group (GiG) has decided to initiate a strategic review with the intention to distribute its subsidiary Innovation Labs Ltd to GiG’s shareholders. Such distribution would result in a split of current Gaming Innovation Group into two main business segments: The purpose of the split is to sharpen the…
Anglo American announces senior leadership change
LONDON, UK: Anglo American announces that Natascha Viljoen, CEO of its 79% owned subsidiary Anglo American Platinum Limited, has decided to take up her next career opportunity outside the Anglo American group. Natascha has been CEO of Anglo American’s PGMs business since April 2020 and will join Newmont Corporation, the US-based mining company, as its…
CAP-XX launches 3V product targeting coin cell battery and IoT markets
LONDON, UK: CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, announced the launch of its DMV750 ultra-thin 2.2mm prismatic 3V supercapacitor to provide high performance for IoT, medical and other space-constrained and mission-critical electronic devices. The 3V prismatic supercapacitor can complement 3V coin cell primary batteries, replace…
ADNOC Distribution completes acquisition of 50% stake in TotalEnergies Marketing Egypt
ABU DHABI, UAE: ADNOC Distribution has completed its acquisition from TotalEnergies Marketing Afrique SAS of a 50% stake in TotalEnergies Marketing Egypt LLC. The closing of this landmark transaction, which was first announced in July 2022, marks the official entry of the UAE’s largest fuel and retail distributor into the Egyptian market. The acquisition is…
e& acquires ServiceMarket, an online marketplace for household services
ABU DHABI, UAE: On the 14th of February 2023, Emirates Telecommunications Group Company (e&), has completed the acquisition of Service Souk DMCC “ServiceMarket”, buying 100% of shareholding of the online marketplace. This acquisition is in line with the Group’s strategy to empower consumers, strengthen Smiles online marketplace presence and drive diversification of our business. ServiceMarket…
Halo Technologies signs agreement to acquire Resilient Fund Managers Limited
SYDNEY, AUSTRALIA: Halo Technologies has entered into an agreement to acquire 100% of Resilient Fund Managers Limited, a regulated financial services company based in the UK. Established in 2006, Resilient Fund Managers is licensed to deal in a range of financial products and services including managed investments and securities. The acquisition marks HALO’s entry into…
Stelar Metals signs agreement to acquire Lithium Project in NSW
SYDNEY, AUSTRALIA: Stelar Metals Limited (ASX:SLB) has entered into a binding agreement with Everest Metals Corporation Limited (ASX:EMC) to acquire 90% equity of their New South Wales exploration licences which includes the Trident, Midas and Perseus Projects (NSW Projects or Projects) located in the Broken Hill Block. These Projects are considered prospective for lithium, cobalt…