OSLO, NORWAY: Huddlestock Fintech AS has confirmed the acquisition of 100% of F5 IT, a software developer with solid traction in customised applications and solutions within the Fintech, Proptech and IoT space. It has been agreed that Huddlestock will pay NOK 20 million in an all-share exchange to acquire 100% of F5 IT AS. “We…
Energean plc makes commercial gas discovery offshore Israel
LONDON, UK: Energean plc (LSE: ENOG) announced that a commercial gas discovery has been made by the Athena exploration well, offshore Israel. Highlights · Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 bcm (283…
ESET, Grove and Falanx developing partnership to provide M-EDR to UK Customers
LONDON, UK: Falanx Group Limited (AIM: FLX), the AIM listed cyber security business, announced that ESET, Grove and Falanx Cyber are working together to promote Managed-Endpoint Detection and Response (M-EDR) solutions and services to UK customers across the region. The ESET EDR capability is a leader in its field providing UK customers with protection from…
Pak Kuwait Investment Company & Enertech Kuwait sign $750mn investment agreement
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (PKIC) has entered into a strategic alliance agreement with Enertech Holding Company KSC, a subsidiary of Kuwait Investment Authority, worth $ 750 million, with the objective to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this journey of alliance with this agreement, both…
AQRU.io platform surpasses $50 million in assets under management
LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (DeFi), announced that its wholly owned subsidiary, Accru Finance Ltd., has surpassed US$50 million in assets under management (AUM) and 20,000 user signups on its proprietary yield-generating platform, AQRU.io, five months after the launch of the platform in December 2021. This represents AUM…
Launch of AIB Foresight Impact Fund
LONDON, UK: Foresight Group Holdings Limited, a leading infrastructure and private equity manager, announced that it has been appointed by Allied Irish Banks (“AIB”), Ireland’s largest financial services provider, to manage a new small and medium-sized enterprise (“SME”) equity fund. AIB will be a cornerstone investor in the Fund, which aims to stimulate job creation…
Green Lithium & Trafigura agree to develop commercial lithium refinery in Europe
GENEVA: Lithium processing company Green Lithium has agreed terms with Trafigura to support the development of one of the first centralised commercial lithium refineries in Europe. The new refinery will supply European electric vehicle and battery manufacturers with battery-grade lithium chemicals. Under the newly-established relationship, Trafigura plans to supply lithium feedstock required for the planned…
HydrogenOne Capital Growth to make £20mn investment in Elcogen
LONDON, UK: HydrogenOne Capital Growth plc has signed definitive agreements for an investment of £20m (EUR 24m) in Elcogen Plc. Elcogen’s shareholders include Biofuel OÜ, and VNTM Powerfund II, a technology fund focused on clean power. With this purchase of a minority equity stake, HydrogenOne has the right to a board seat at Elcogen. Elcogen…
NCC Group appoints Mike Maddison as Chief Executive Officer
LONDON, UK: NCC Group plc (LSE: NCC), a leading independent global cyber security and resilience adviser, announced the appointment of Mike Maddison as Chief Executive Officer following Adam Palser’s decision to step down after more than four and a half years in the role. As global experts in cyber security and risk mitigation, NCC Group…
MADE.com to acquire Trouva
LONDON, UK: Made.com Group Plc, the leading digital native lifestyle brand in home, has acquired Trouva, to advance the Group’s growth strategy. Trouva is the leading platform to discover independent boutiques and brands offering customers a curated range of homewares, lifestyle and fashion products. Launched in 2015 Trouva has its HQ in London. The company…
Nuheara Limited gears up for US listing
PERTH, AUSTRALIA: Nuheara Limited (ASX:NUH) announced a series of structural changes designed to advance the Company’s unique and growing US based hearing healthcare market opportunities: • The appointment of John R. Luna as its US based Chief Executive Officer; • Co-founder and former CEO, Justin Miller, remaining as the Company’s Managing Director; • Engagement of…
AUB to purchase Tysers Insurance Brokers for AUD880mn
SYDNEY, AUSTRALIA: AUB Group Limited (AUB) has entered into a binding agreement to purchase Tysers, a leading Lloyd’s wholesale broker and is undertaking an equity capital raising to provide funding towards the acquisition. Tysers is a leading specialist international insurance broker based in London and the 6th largest wholesale broker in the Lloyd’s marketplace, writing…