LONDON, UK:Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt in relation to the potential sale of 100% of Vodafone Magyarország Távközlési Zrt (Vodafone Hungary) for a total cash consideration equivalent to an enterprise value of HUF 715bn (€1.8bn). This represents a multiple of 9.1x Adjusted EBITDAaL for…
REC Silicon and Mississippi Silicon sign MOU for solar supply chain expansion
MOSES LAKE, WASHINGTON: REC Silicon and Mississippi Silicon today announce a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and help establish a low-carbon and fully traceable U.S.-based solar supply chain. The passage of the Inflation Reduction Act which includes SEMA legislation will drive increases in the U.S. production of…
Webcentral to sell stake in Cirrus Networks Holdings for $5.5mn
SYDNEY, AUSTRALIA: The board of Webcentral Ltd have agreed to sell the block stake in Cirrus Networks Holdings Limited (ASX: CNW) in an on-market trade today. The sale of Webcentral’s holding of 172 million shares (18.5% of CNW) will provide a cash inflow of $5.5m. These proceeds will be used to fund potential acquisitions, on-market share…
BitOoda partners with CoreWeave to deliver high performance compute solutions for financial markets
BOSTON: BitOoda, a pioneering Digital Asset investment Bank, announced a partnership with CoreWeave, the leading specialized cloud provider of high-performance compute solutions. The partnership will accelerate the penetration of CoreWeave’s services for compute-heavy workloads in financial applications. CoreWeave’s pricing model, wide variety of GPU SKUs and ability to ramp capacity up and down in seconds…
Celero Commerce acquires Community Bankers Merchant Services (CBMS)
NASHVILLE: Celero Commerce announced the acquisition of Community Bankers Merchant Services (CBMS), a provider of electronic transaction processing through community and regional banks nationwide. Celero Commerce is a U.S. non-bank payment processor. With the addition of Arkansas-based CBMS, Celero will serve over 53,000 merchants nationwide, processing approximately $21 billion in annual card volume. Founded in…
FCA warns Buy Now Pay Later firms about misleading adverts
LONDON, UK: The Financial Conduct Authority (FCA) has warned firms that offer Buy Now Pay Later (BNPL) products that although some agreements are unregulated the financial promotions of all BNPL products must comply with the financial promotion rules. Unauthorised firms might be committing a criminal offence if they don’t have an FCA-authorised firm approve their…
HICL to acquire a minority equity position in Cross London Trains (XLT)
LONDON, UK: HICL Infrastructure Plc has agreed to acquire a minority equity position in Cross London Trains (XLT) from funds managed by Equitix Investment Management, a statement added. Cross London Trains (XLT) is a Public Private Partnership (PPP) that owns the recently delivered fleet of rolling stock operating on the Thameslink passenger rail route which…
Just Eat Takeaway.com sells iFood stake to Prosus for €1.8bn
LONDON, UK: Just Eat Takeaway.com N.V. (LSE: JET) has entered into a definitive agreement to sell its equity stake of approximately 33% in the iFood joint venture to Prosus N.V. in return for a cash consideration totalling up to €1.8 billion. Just Eat Takeaway.com has entered into an agreement with MIH Movile Holdings B.V. (“Movile”),…
Make Your Successful Company Grow Even Faster With These Tips
Starting and running a successful company is no easy feat. Not only do you need to have a great product or service, but you also need to be able to attract and retain customers. Once you’ve achieved that success, sitting back and enjoying the ride can be tempting. However, if you want your company to…
Ahmed Fahour AO to retire as MD & CEO of Latitude Group Holdings
SYDNEY, AUSTRALIA: Latitude Group Holdings (ASX: LFS) Managing Director and Chief Executive Officer AhmedFahour AO will retire from Latitude by the end of August 2023. Since joining Latitude as CEO in October 2018, Mr Fahour has modernised the lender’s operations, including through the acquisition of Symple Loans which serves as Latitude’s new Personal Loans platform,…
ANZ completes $3.5bn Retail Shortfall Bookbuild
SYDNEY, AUSTRALIA: Australia New Zealand Banking Group (ANZ) has completed the retail shortfall bookbuild under its fully underwritten pro-rata accelerated renounceable entitlement offer. The completion of the Retail Shortfall Bookbuild concludes the final stage of the Entitlement Offer under which ANZ has raised approximately $3.5 billion.Summary of the Retail Shortfall Bookbuild• Approximately 36.4 million new…
Winton with MaxCap NZ to establish $200mn property investment fund
WELLINGTON, NZ: Winton has entered into a binding transaction with MaxCap New Zealand Limited to establish the Winton / MaxCap Medium Density Development Fund (the Fund). The Fund is a $200m equity investment vehicle that will focus on the acquisition and construction of townhouse and apartment developments throughout New Zealand’s metropolitan centres. Winton will contribute…