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…
Clever Ways Lottoland Conquered The Online Lottery Trade
Until the industry of online lotteries was established, governments controlled every lottery in the world. Lotteries were demographically specific, and if a punter wanted to participate in a lottery that was not in their area, it was difficult, if not impossible. Purchasing tickets and collecting winnings were hard for people who lived in neighboring areas….
SUPR buys four supermarkets including Tesco, M&S Foodhall for £76.4mn
LONDON, UK: Supermarket Income REIT (LSE: SUPR), the real estate investment trust providing secure, inflation-protected, long income from grocery property in the UK announced the acquisition of four supermarkets for a total purchase price of £76.4 million. Acquired from different vendors, the purchases consist of two Tesco supermarkets, located in Cheltenham and Merseyside, as well…
SECP introduces digital-only insurers and microinsurers
ISLAMABAD, PAKISTAN: The Securities and Exchange Commission of Pakistan (SECP) has introduced registration regime for digital-only insurers and dedicated microinsurers. This will promote digitalization and improve customer convenience through instant provision of services. In this regard, amendments to the Insurance Rules, 2017 have been notified vide SRO 1513(I)/2022. The new framework is aimed at encouraging…
Valereum conditionally acquires major shareholding in Vinanz Ltd
LONDON, UK: Valereum Plc announced that, conditional only upon the listing of Vinanz Ltd on a recognised stock exchange, it will sell its Bitcoin mining assets to Vinanz Ltd in exchange for fully paid ordinary shares in the company representing a holding of approximately 24%. The final holding will depend on the amount of the…
Norse Atlantic Airways celebrates inaugural flights from Berlin, announces new Berlin to Fort Lauderdale route
OSLO, NORWAY: This week Norse Atlantic Airways celebrated the inaugural flights from Berlin to New York JFK and from Berlin to Los Angeles marking a new era for customers seeking affordable transatlantic travel between Germany and the US. Additionally, Norse Atlantic announced a new route connecting Berlin to Fort Lauderdale, operating three times a week,…
Invinity Energy Systems energises 1.8 MWh VS3 flow battery system in UK
LONDON, UK: Invinity Energy Systems plc (AIM: IES), a leading global manufacturer of utility-grade energy storage, has successfully delivered, installed and energised a 1.8 MWh VS3 flow battery system at the European Marine Energy Centre (EMEC) hydrogen R&D facility on the island of Eday in the Orkney Islands, UK. Comprising 48 Invinity VS3 battery modules,…
In-content advertising delivers better outcomes for brands
In-content advertising not only delivers better outcomes for brands than TV spots alone, it is also preferred by viewers, new research from Kantar, the UK’s largest evidence-based insights company, and Mirriad, the leading in-content advertising company powered by proprietary AI-technology, has found. Kantar created a custom study looking at consumers’ responses to advertising across three…
Peppermint Innovation signs exclusive 5-year agreement with Visa
PERTH, AUSTRALIA: Peppermint Innovation Ltd (ASX:PIL) has signed an exclusive five-year agreement with Visa allowing Peppermint to significantly expand its digital financial offering around the world, focussing initially on the key markets of the Philippines, Singapore and Australia. Peppermint was invited to partner with Visa as part of Visa’s FinTech Fast Track Program. Under the…
Veidekke to take over Constructa Entreprenør
OSLO, NORWAY: Veidekke has signed a letter of intent to take over 100 per cent of Constructa Entreprenør AS to form a stronger Bergen construction contractor. The agreed purchase price corresponds to a company value of around NOK 200 million on a debt-free basis. In 2021 Constructa Entreprenør had revenues of NOK 726 million, an…
6 Key Advantages Of A Consumer Proposal
If you are unable to pay your debts, you can consider the option of a consumer proposal. This is a legal debt settlement agreement you enter with your creditors that allows you to restructure all your unsecured debts into a single debt. It is a better alternative to bankruptcy because it offers numerous benefits. In…