AMSTERDAM: Saxo Bank, a leading global digital trading and investment platform, and Disruptive Capital Acquisition Company have agreed to explore a combination and listing of Saxo Bank on Euronext Amsterdam. Saxo Bank is well capitalised, so there will be no primary issue of shares by Saxo Bank. The proposed Business Combination would comprise a secondary…
Volvo starts series production of heavy electric trucks
GOTHENBURG, SWEDEN: Volvo Trucks is beginning series production of the electric versions of the company’s most important product range, its heavy-duty trucks: Volvo FH, Volvo FM, and Volvo FMX, a statement noted. These trucks can operate at a total weight of 44 tonnes and the three models represent around two thirds of the company’s sales….
Growthpoint Properties completes acquisition of Fortius Funds Management
SYDNEY, AUSTRALIA: Growthpoint Properties Australia has completed the acquisition of 100% of the shares in Fortius Funds Management Pty Ltd. The transaction was announced on 3 August, and following the satisfaction of all conditions precedent, completion has now taken place. All change of consent controls have been received. The transaction comprised a $45 million initial…
4GLOBAL and EuropeActive announce launch of global datahub
LONDON, UK: 4GLOBAL, a UK-based data, services and software company focused on sport and the promotion and measurement of physical activity, announced the expansion of its DataHub into mainland Europe in conjunction with EuropeActive. EuropeActive represents a sector that generates revenues of more than EUR €28.2 billion annually, with over 64,000 facilities used by more…
The Ince Group disposes of trade and assets of CW Energy LLP
LONDON, UK: The Ince Group plc (AIM: INCE), announced the disposal of the trade and assets of CW Energy LLP (CWE), a specialist tax consultancy business within the Group, back to the original vendors, Phil Greatrex and Paul Rogerson (through PPJ Oiltax Partners LLP). The Ince Group provides legal, accounting, financial services, consulting and pension…
Jon Davey appointed CEO of Tyro Payments
SYDNEY, AUSTRALIA: Tyro Payments (ASX: TYR) announced the appointment of Jonathan (Jon) Davey as Chief Executive Officer (CEO). Mr Davey is currently CEO of Tyro’s Health business, having joined Tyro in May 2021 following Tyro’s acquisition of health fintech Medipass, which he led. He will officially commence as CEO on 3 October Outgoing CEO and…
New Zealand Oil & Gas signs gas supply deal with Shell Energy Australia
AUCKLAND, NZ: New Zealand Oil & Gas Limited (ASX:NZO, NZX:NZO) has executed a new Gas Supply Agreement (GSA) with Shell Energy Australia (Shell) to supply 0.64 PJ of gas over one year, commencing 1 January 2025. The GSA is for firm gas supply, with take-or-pay provisions and a fixed price. Gas supplied under the GSA…
Residential Secure Income forms £50mn partnership with HSPG
LONDON, UK: Residential Secure Income plc (LSE: RESI), which invests in independent retirement living and shared ownership to deliver secure, inflation-linked returns, announced a partnership with social impact real estate firm HSPG. Under the agreement, ReSI plc has the exclusive option to acquire HSPG’s entire pipeline of shared ownership properties on a tranched basis, following…
AGM signs supply agreement with major car care brand
LONDON, UK: Applied Graphene Materials (LSE: AGM), the producer of specialty graphene nanoplatelet dispersions, has signed a supply agreement with a global leader in the car care and car detailing industry, for an exclusively developed graphene-based solution. The partnership with a global household name brand represents a significant milestone for AGM in the car care…
Burgundy commences Maison Mazerea branded diamond jewellery sales
SYDNEY, AUSTRALIA: Burgundy Diamond Mines Limited (ASX: BDM) has announced the first sales of jewellery pieces featuring Maison Mazerea diamonds in the days since the collaboration launched at the start of this month. On 3 August 2022 Burgundy announced a collaborative sales and profit-sharing agreement with Solid Gold Diamonds – one of Australia’s leading independent…
Rio Tinto and Baowu agree to jointly develop Western Range
LONDON, UK: Rio Tinto (54 per cent) and China Baowu Steel Group Co. Ltd (Baowu) (46 per cent) have agreed to enter into a joint venture with respect to the Western Range iron ore project in the Pilbara, Western Australia, investing $2 billion ($1.3 billion Rio Tinto share) to develop the mine. Western Range’s annual…
JLEN announces construction of £26.7 million commercial glasshouse project
LONDON, UK: JLEN, the listed environmental infrastructure fund, announced an investment of up to £26.7 million into a glasshouse project via a combination of a senior secured loan for the construction of the glasshouse and a convertible loan and a minority equity stake in the glasshouse operator to provide for working capital. The investment offers…