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…
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…