LONDON, UK: Manx Financial Group, the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, announced that the Group’s wholly owned banking subsidiary, Conister Bank Limited applied for a United Kingdom Branch Deposit Taking licence on 25 October 2022. Conister Bank has an Isle of Man…
JPMorgan Global Growth & Income signs terms to merge with JPMorgan Elect
LONDON, UK: The Board of JPMorgan Global Growth & Income plc (JGGI) has signed Heads of Terms with the Board of JPMorgan Elect plc (JPE) in respect of a proposed merger with JPE to be effected by way of a section 110 scheme of reconstruction by JPE and a transfer of assets to JGGI. This…
Merit Group sells MET Operations to Political Holdings for £4.5 million
LONDON, UK: Merit Group plc (AIM: MRIT), the data and intelligence business, has agreed to sell the Media, Events and Training operations of its Dods Political Engagement business (MET Operations) to Political Holdings Limited, a private company owned by Lord Ashcroft KCMG PC, for a cash consideration of £4.5 million. In the year ending 31…
Aegon N.V. to combine its Dutch operations with ASR Nederland (a.s.r.)
AMSTERDAM: Aegon N.V. has reached an agreement with ASR Nederland (a.s.r.) to combine its Dutch pension, life and non-life insurance, banking, and mortgage origination activities with a.s.r. The combination will create a leading Dutch insurance company. This step enables Aegon to accelerate its strategy and represents a major step in its ambition to become a…
Orkla to become an industrial investment company
OSLO, NORWAY: Orkla ASA is to be transformed into a leading industrial investment company with a brands and consumer-oriented scope. Orkla will consist of 12 portfolio companies. Orkla’s Board of Directors decided yesterday to establish a new corporate structure and management team. “We want to establish a corporate structure and culture that creates greater value…
Cyber security incident and notifiable data breach at Medlab Pathology
SYDNEY, AUSTRALIA: Australian Clinical Labs Limited (ASX: ACL) notified that Medlab Pathology, a pathology business acquired by ACL in December 2021 (Medlab), has experienced a notifiable cyber incident involving personal information of some of Medlab’s patients and staff. ACL has conducted a forensic analysis of the affected information and has determined that personal information of…
Aspermont appoints Ana Gyorkos as Group Content Director
SYDNEY, AUSTRALIA: Aspermont (ASX:ASP), the B2B media for the global resource industries, has created a new position, Group Content Director (GCD), to manage group content on a global basis. Ana Gyorkos has advantageous experience working within the niche vertical markets in which Aspermont focus, aligning her experience to successfully lead as Group Content Director. Ana…
Eiffage acquires another 13.71% shares in Getlink for 1.19bn euros
PARIS, FRANCE: Eiffage has entered into an agreement to acquire a block of 13.71% of the share capital of Getlink SE representing 75.38 million shares. Seller is TCI Fund Management Limited. This significant investment of 1.194 billion euros (15.84 euros per share) was financed by Eiffage from its available cash and is not subject to…
Glassnode acquired crypto tax and portfolio tracking platform Accointing.com
BAAR, SWITZERLAND: Glassnode, the global leader in on-chain and market data intelligence, has acquired the popular crypto tax and portfolio tracking platform Accointing.com. This acquisition combines the services provided by both companies bringing users more value than ever before. Glassnode provides digital asset traders and investors with a comprehensive market intelligence suite, encompassing cutting-edge metrics…
TECC Capital likely to acquire EDX for £12 million
LONDON, UK: TECC Capital has conditionally agreed to acquire the issued, and to be issued, share capital of EDX, other than the shares to be issued to the Company pursuant to the exercise of its conversion rights arising under the Convertible Loan Notes, on the terms of an agreed SPA. The aggregate consideration is £12…
Safanad and Global School Management announce $200mn investment in MENA’s education sector
NEW YORK: Safanad and Global School Management (GSM), an international education platform, announced initial planned investment of $200 million in MENA’s education sector. A commitment is also made to invest significantly beyond this to acquire, manage and develop multiple charter, online, early learning, and K-12 private schools independently and in partnership with regional governments. Global…
ABL Group has acquired operations of HOSE International
OSLO, NORWAY: Energy and marine consultancy ABL Group (ABL) has acquired the operations of well control equipment specialists HOSE International. The two companies have cooperated since 2019 to jointly provide rig and well control inspection services for the offshore industry. Going forward, HOSE International’s UK business will become part of ABL’s global operations. The two…