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…
Pakistan government to impose Rs80bn additional taxes on banking companies
KARACHI: The rate of tax applicable to the taxable income of banking companies is proposed to be enhanced to 45 per cent from 35 per cent for tax year 2023 and onwards. Also, the Finance Bill 2022 proposes to abolish super tax currently applicable on banking companies at the rate of 4 per cent from…
Euronav sells two eldest Suezmaxes for $12.4mn
ANTWERP, BELGIUM: Euronav NV has sold its two eldest Suezmax vessels: the Cap Pierre (2004 – 159,048 dwt) and the Cap Leon (2003 – 159,048 dwt). The combined capital gain realized on these sales amounts to USD 12.4 million. Both vessels are debt free. Our understanding is that at least one of the vessels will…
Foresight Group accelerates regional expansion with first close of two new funds
LONDON, UK: Foresight Group Holdings Limited, a leading infrastructure and private equity manager, announced further success in its regional private equity strategy following the recent launch of its first non-UK private equity fund, the AIB Foresight Impact fund. Foresight has reached first close totalling £58 million across two new UK regional funds. Foresight Regional Investment…
Ulla Sandborgh is appointed as CEO of Jokkmokk Iron Mines
LONDON, UK: Beowulf Mining (AIM: BEM) announced the appointment of Ulla Sandborgh as CEO of Jokkmokk Iron Mines AB, Beowulf’s wholly owned Swedish subsidiary which is developing the Kallak Iron Ore Project. Ulla Sandborgh has held senior positions in private enterprise and public institutions, in sectors including infrastructure, electricity and water. Her most recent role…