SYDNEY, AUSTRALIA: Okapi Resources Limited (ASX: OKR) has completed the agreement to acquire an option over a 51% interest in the Hansen Uranium Project in Colorado, USA. The acquisition increases Okapi’s Mineral Resource for the Tallahassee Uranium Project to 42.0 million tonnes at 540ppm for 49.8 million pounds of U3O8 representing an 81% increase to…
Zip Co and Sezzle Inc terminate the merger agreement
SYDNEY, AUSTRALIA: In light of current macroeconomic and market conditions, Zip Co Limited (ASX: ZIP) and Sezzle Inc. (ASX:SZL) have mutually agreed to terminate their previously announced merger agreement for the proposed acquisition of Sezzle by Zip. Zip remains firmly focused on its strategic plan and accelerating its path to profitability. Zip’s underlying business remains…
Mainstream Renewable Power and Aker Offshore agree to merger their businesses
OSLO, NORWAY: Mainstream Renewable Power and Aker Offshore Wind have entered an agreement to combine the two companies to create a stronger renewable company with a 27 GW portfolio across solar, onshore wind and bottom-fixed and floating offshore wind projects. Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by…
Spark New Zealand to sell 70% of TowerCo business for $900 million
AUCKLAND, NEW ZEALAND: Spark New Zealand today announced the Ontario Teachers’ Pension Plan Board will acquire a 70% interest in its TowerCo business. Spark’s TowerCo business is a leading New Zealand towers business with approximately 1,263 sites. The transaction values the business at $1.175 billion, representing a FY23 pro-forma EBITDA multiple of 33.8x. Spark expects…
TradeWindow announces capital raising of up to $10m
AUCKLAND, NZ: Trade Window Holdings announced intention to raise up to approximately $9 million via a private placement of shares to select institutional and other select investors along with an approximately $1 million Share Purchase Plan (SPP). TradeWindow Chair Alasdair MacLeod said: “The opportunity for TradeWindow is significant as global trade undergoes game-changing transformation at…
Hoffmann Green Cement acquires ABC Broyage Group
PARIS, FRANCE: Hoffmann Green Cement Technologies announced its first external growth operation by acquiring the group named ABC Broyage, a pure player in the grinding industry, to internalize the processing of its raw materials, a statement said. Thanks to the acquisition of the ABC Broyage group, which owns AB Cesar, Hoffmann Green has integrated the…
Verismo Systems AB becomes part of ECIT
OSLO, NORWAY: ECIT AS announced that the Swedish HR-software company Verismo Systems AB has become a part of ECIT. The acquisition strengthens ECIT`s position within HR business administration advisory and modern, cloud-based HR-systems. ECIT is acquiring 18 % of the shares in Verismo, with an option to acquire all remaining shares in the company. The…
Fronline Ltd. and Euronav NV sign definitive merger agreement
ANTWERP, BELGIUM: Frontline Ltd. (NYSE: FRO ) and Euronav NV (NYSE: EURN ) have entered into a definitive Combination Agreement for a stock-for-stock combination based on an exchange ratio of 1.45 Frontline-shares for every 1.0 Euronav-share. The agreement memorialises the principal aspects of the previously announced term sheet that was signed on 7 April 2022….
Autosports Group enters into agreement to acquire Auckland City BMW Limited
AUCKLAND, NZ: Autosports Group Limited (ASX: ASG) has entered into an agreement through its wholly owned NZ subsidiary to acquire 100% of the shares in Auckland City BMW Limited in New Zealand. The purchase consideration consists of NZD$55 million plus approximately NZD$15 million for the net assets at completion subject to usual adjustments. The consideration…
ReadCloud signs first overseas eBooks Solutions deal
SYDNEY, AUSTRALIA: ReadCloud Limited (ASX: RCL) has signed a 4-year Software Licence Agreement with King’s InterHigh to become the exclusive provider of eBooks to the parents of over 4,000 students aged 7 to 18. King’s InterHigh is a British International online school based in London, United Kingdom, with the students being taught remotely as they…
Emma Shand appointed new MD and CEO of EML Payments
SYDNEY, AUSTRALIA: EML Payments Limited (ASX: EML) announced that Ms Emma Shand has been appointed Managing Director and CEO effective immediately. This follows the resignation of Mr Tom Cregan. Peter Martin, EML’s Chairman said ‘This is an exciting time of opportunity for EML, and Emma has an ideal set of attributes to lead the company…
BATM partners with CityFibre for Edgility
LONDON, UK: BATM (LSE: BVC), a leading provider of real-time technologies for networking solutions and medical laboratory systems, announced that CityFibre, the UK’s largest independent carrier-neutral Full Fibre platform, has selected BATM’s Edgility virtual networking and edge compute solution. Following extensive lab testing, CityFibre will now be piloting the Edgility platform with selected partners ahead…