LONDON, UK: VK Company and Yandex have signed binding agreements whereby VK is to acquire Zen and News content platforms from Yandex in exchange for the food and grocery delivery service Delivery Club which VK is to consolidate within the framework of the restructuring of O2O Holding, a joint venture between VK and Sber. The…
Emirates Stallions acquire stakes in two UAE-based indoor spaces design companies
ABU DHABI, UAE: Emirates Stallions Group (ESG) has acquired a substantial amount of shares in two of the UAE indoor spaces design leading companies to expand its business further into indoor spaces design and product manufacturing. Emirates Stallions Group (ESG) has acquired a 60% stake in Vision Factory, one the biggest furniture and joinery production…
Chargeurs acquires The Cambridge Satchel Company
PARIS, FRANCE: Chargeurs announced the completion of its acquisition of The Cambridge Satchel Company – Satchel – a reference British brand producing high-end, affordable leather goods. Created in 2008 by Julie Deane, CBE, Satchel designs, manufactures and distributes a range of high-end leather bags and satchels. Based in Cambridge, the company employs more than 60…
Tap Global launches crypto-as-a-service offering
LONDON, UK: Quetzal Capital Plc (AQSE: QTZ), a financial technology investment company, announces that its investee company, Tap Global Limited, a fast growing, regulated, fully integrated crypto-fiat exchange service provider with an associated neo banking platform, has launched a Crypto-as-a-Service (“CaaS”) product, adding a potentially significant new B2B revenue stream. Tap’s CaaS will enable organisations…
Hydrogen Utopia and Powerhouse Energy partner for a waste plastic to hydrogen facility in Poland
LONDON, UK: Hydrogen Utopia International (AQSE:HUI), a company pioneering non-recyclable waste plastics to hydrogen technology, has agreed heads of terms (HoTs) with Powerhouse Energy Group (AIM:PHE) for the joint development of a facility at a site at in Konin within the Wielkopolska (Greater Poland) Voivodeship. The joint venture relates to the site currently held by…
SiteMinder to acquire GuestJoy for upto €5.0 million
SYDNEY, AUSTRALIA: SiteMinder Limited (ASX:SDR) has signed a Share Purchase Agreement to acquire GuestJoy, a highly rated suite of customer relationship management tools that helps hoteliers automate and digitise their guest communication, drive upsell revenues, and strengthen direct guest acquisition. Founded by Alar Ülem and Annika Ülem in 2014, GuestJoy has gained a strong reputation…
Austin Engineering to acquire Australian mining equipment manufacturer, Mainetec
SYDNEY, AUSTRALIA: Austin Engineering Limited (ASX: ANG) has entered into a binding agreement to acquire Australian mining equipment manufacturer, Mainetec Pty Ltd, for an initial amount of $19.6 million. Three further earn-out payments will be made if Mainetec achieves agreed performance hurdles in the three years following completion. The acquisition will give Austin Engineering access…
Brigham Minerals acquires assets in Midland Basin for $132.5mn
AUSTIN, TEXAS: Brigham Minerals Inc. (NYSE: MNRL) has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources, LLC and its affiliates for approximately $132.5 million in cash subject to certain closing adjustments. MIDLAND ACQUISITION CONTINUES PERMIAN CONSOLIDATION AND…
Tim Dobson appointed CEO of Magnetite Mines Limited
SYDNEY AUSTRALIA: Magnetite Mines Limited announced the appointment of Mr Tim Dobson as Chief Executive Officer, effective from 23rd August 2022, completing a process announced on 19th April this year. Mr Stephen Weir, who has been Acting Chief Executive Officer since April, will resume his role as Chief Development Officer. Mr Dobson is a highly-accomplished…
Susan Peterson to join Mercury NZ Limited Board
AUCKLAND, NZ: Experienced director and business leader Susan Peterson has been appointed to the Mercury NZ Limited board effective 1 September 2022. Susan Peterson is currently the Chair of Vista Group, and is an Independent Director of Xero, Arvida and Craigs Investment Partners. She is also a Trustee on the Board of Global Women. Mercury…
Summerset Group three properties in Australia and New Zealand
AUCKLAND, NZ: Summerset Group announced the purchase of two new properties in New Zealand and one in Australia. The New Zealand acquisitions are in Masterton (Wairarapa) and Rotorua (Bay of Plenty), while the Australian purchase is in Mernda (Victoria). The announcement comes as the company released its half-year result showing an underlying profit of $82.5…
TotalEnergies and Eni announce significant gas discovery offshore Cyprus
PARIS, FRANCE: TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall…