The market for used electric vehicles (EVs) is rapidly increasing. Indeed, so far in 2022, transactions including used battery EVs have more than doubled: 6,625 to 14,586, a rise of 120.2 per cent. But why is this happening? Below, we explore the growing demand for used EVs and what might be behind this surge. Out…
Mutares acquires heat transfer technology from Siemens Energy B.V.
MUNICH: Mutares SE & Co KGaA has signed an agreement to acquire Heat Transfer Technology from Siemens Energy B.V. This acquisition will strengthen the Engineering & Technology segment as a new platform investment. The closing of the transaction, expected in the 4th quarter this year, is subject to the fulfilment of information and consultation rights…
Best Stocks To Buy As A Student in 2022
College students often deal with major financial challenges to pay for college studies. Not all are able to secure full scholarships or financial aid. Many have to look for student jobs and freelance work opportunities to pay their loans, debt, and current expenses. Some choose to buy stocks to live off dividends. In fact, it…
The Main Benefits Of Alternative Investments For Your Financial Situation
There’s no doubt that the stock market has been unpredictable lately. With wild swings up and down, it can be difficult to know where to invest your money for the best return. While stocks might still be a good option for some people, others may want to consider alternative investments. Here are several important benefits…
Keppel DC REIT acquires two data centres in Guangdong, China for RMB 1.38bn
SINGAPORE: Keppel DC REIT has entered into agreements with Guangdong Bluesea Data Development Co. Ltd. and its parent company, Guangdong Bluesea Mobile Development Co. Ltd., to acquire two data centre facilities, on a fully-fitted basis, in Jiangmen, Guangdong Province, for RMB 1,380.6 million (approximately S$297.1 million), a release noted. The two transactions follow the acquisition of Guangdong Data…
Alex Freudmann appointed Managing Director of M&S Foods
LONDON: Alex Freudmann, currently Managing Director of Dan Murphy’s – Australia’s leading beer, wine and spirits retailer – will be joining M&S as Managing Director of Food in a planned succession to Stuart Machin, now (Marks and Spencer Group) M&S Chief Executive, a bourse filing noted. Alex has an extensive track record of leading change in…
Majorel and Sitel Group agree on key terms for a potential merger
LUXEMBOURG: Majorel Group Luxembourg has, together with its major shareholders Bertelsmann Luxembourg, Saham Customer Relationship Investment and Saham Outsourcing Luxembourg, agreed with Sitel Group S.A. and Sitel’s majority shareholder, the Mulliez family, on key terms for a potential merger of Majorel and Sitel. Sitel is a leading provider of CX products and solutions, with 165,000+…
MotorK Plc enter exclusive negotiations to acquire WebMobil24
AMSTERDAM: MotorK Plc, a leading European SaaS provider for the automotive retail industry, has entered into exclusive negotiations to acquire WebMobil24, a German software provider of stock management solutions and e-commerce platforms to automotive dealers and OEMs. MotorK and WebMobil24 are working together towards a swift completion of the transaction. Over the past 20 years,…
Hawk Infinity acquires majority ownership in Jotta Group AS
OSLO, NORWAY: Hawk Infinity AS has acquired a majority ownership in Jotta Group. Following a transaction with existing shareholders holding 64.8% of the outstanding shares in Jotta Group, Hawk has assumed ownership of 98.9% of the outstanding shares and 100.0% of the votes in Jotta Group in exchange for issuance of new shares in Hawk….
SCA Property Group to acquire convenience-based shopping centres across Australia
SYDNEY, AUSTRALIA: SCA Property Group (ASX: SCP) has entered into agreements with Centuria Capital Group’s (ASX: CNI) subsidiary, Primewest, to acquire five convenience-based shopping centres across Australia for a combined purchase price of A$180 million representing a weighted average fully let yield of 6.0%. The acquisitions are expected to settle in early July 2022. Post…
Cooper Energy to acquire Orbost Gas Processing Plant from APA Group
SYDNEY, AUSTRALIA: Cooper Energy Ltd (ASX:COE) has entered into a binding agreement to acquire the Orbost Gas Processing Plant from APA Orbost Gas Plant Pty Ltd, an entity controlled by APA Group, a statement noted. Cooper Energy will also undertake a fully underwritten $244 million equity offering comprising a $84 million placement to institutional investors…
Marwyn Acquisition Company II appoints Mark Hodges as Chairman
LONDON, UK: Marwyn Acquisition Company II Limited announced the appointment of Mark Hodges as Chairman with effect from 19 June 2022. In connection with this appointment, the strategy of the Company has been refined such that it will now focus on pursuing Business Acquisition opportunities in the financial services, consumer and technology sectors. James Corsellis, Director…