HOUSTON: VAALCO Energy Inc. (NYSE: EGY) is set to join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell Indexes Annual Reconstitution, according to a preliminary list of additions posted by FTSE Russell on June 3, 2022. Inclusion in the index will take effect after the U.S. market opens on June 27,…
PSX welcomes US Ambassador visit with a Gong Ceremony
KARACHI, PAKISTAN: A Gong Ceremony was held at Pakistan Stock Exchange (PSX) on the visit of the Ambassador of the United States of America to Pakistan, Mr. Donald Blome, to PSX. The US Ambassador, accompanied by the US Consul General in Karachi, Mr. Mark Stroh, and his team, were welcomed at the Exchange by the…
TotalEnergies to acquire a 25% interest in Adani New Industries Limited
PARIS, FRANCE: TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL), a statement noted. ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million…
ITV to acquire Plimsoll Productions £103.5 million
LONDON, UK: ITV plc has agreed to acquire a majority interest of 79.5% in Plimsoll Productions, the largest independent producer of natural history programmes in the world and a growing premium factual producer, for a cash consideration of approximately £103.5 million, valuing Plimsoll at an Enterprise Value of £131 million, a notice said. Founded in…
Entain plc agrees to acquire entire share capital of BetCity.nl for upto €850mn
LONDON, UK: Entain plc (LSE: ENT) has agreed to acquire the entire share capital of BetEnt B.V., which trades under the BetCity.nl name from Sports Entertainment Media B.V. for an initial consideration of €300m and deferred contingent consideration of up to €550m, a statement said. BetCity is one of the Netherlands’ leading online sports betting and…
LifeSafe Holdings announces IPO on AIM market of London Stock Exchange
LONDON, UK: LifeSafe Holdings plc, a fire safety technology business with innovative fire safety products, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. The Group is seeking to raise £3 million by way of a placing of new ordinary shares, which is expected to…
Steen Anderson appointed CEO of ProBiotix Health
LONDON, UK: ProBiotix Health Plc has announced the appointment of Steen Andersen as Chief Executive Officer (CEO). Steen will join the Company after completing his notice period with his current employer. This appointment is part of a long-planned strategy to appoint an experienced industry business leader to the Company to drive sales and profitability, leaving…
Hg sells MEDIFOX DAN to ResMed at an enterprise value of $1 billion
HILDESHEIM, GERMANY: Hg, a leading software and services investor, announced the sale of MEDIFOX DAN, a leading provider of digital solutions for the German care and therapy sectors, to ResMed, a global leader in cloud-connected medical devices and out-of-hospital software-as-a-service (SaaS) business solutions, in a transaction valuing the business at an enterprise value of around…
Global Data Centre Group disposes of 66% stake in Asia Connectivity Elements
SYDNEY, AUSTRALIA: Global Data Centre Group (ASX: GDC) has agreed to dispose of its ~66% ownership interest in Asia Connectivity Elements Inc (ACE) which holds a 51% joint venture interest in Gateway Network Connections LLC (GNC). GNC owns and operates a 0.8MW data centre in Piti, Guam. GDC has sold its holding in ACE to…
Ventia CEO appointed to the Board as Managing Director
SYDNEY, AUSTRALIA: The Ventia (ASX: VNT) Board announced that Group Chief Executive Officer (Group CEO), Mr Dean Banks, has been appointed to the Board as Managing Director and Group CEO with effect from Tuesday 14 June 2022. Mr Banks was previously appointed as Group CEO in January 2021. Mr Banks’ remuneration and other contractual arrangements…
Don’t Let Software Slow Down Your Growth: How To Work With Various Programs
If you are a business owner, then one of your main concerns will inevitably be increasing your business’s growth. Antiquated and outdated software can significantly stunt a business’s growth, so if you have any, it’s time to let it go. Another way that software can stunt growth is if you haven’t taken the time to…
NEMA Holding has acquired Liwa College of Technology
DUBAI: NEMA Holding, a portfolio company of Amanat Holdings, has acquired 100% of Liwa College of Technology (LCT). Abu Dhabi University Holding Company recently announced a name change and will now be known as ‘NEMA Holding’, reflecting its progress as it implements its strategy to support the growth of the national economy over the next 50…