SYDNEY, AUSTRALIA: COG Financial Services Limited (COG) announced the acquisition of a 70% interest in Club Transport Finance Pty Ltd (trading as Chevron Equipment Finance) via its subsidiary QPF Holdings Pty Limited (QPF). The transaction was completed on Friday 1 July 2022. Chevron Equipment Finance specialises in arranging asset finance for commercial clients. Its client…
Chief Executive of EDB highlighted the economic plans for the Kingdom at AmCham Bahrain AGM
BAHRAIN: The American Chamber of Commerce in Bahrain hosted its Annual General Meeting on Sunday 26 June, 2022 at the Gulf Hotel with AmCham members and guests. AmCham was honored to present keynote speaker H.E. Khalid Humaidan, Bahrain Economic Development Board Chief Executive who discussed the long-standing relationship between the U.S. and the Kingdom of…
UK at risk of recession – Ways to protect yourself financially
You don’t have to look far to see the latest headlines warning of the state of the UK economy. Recent news has warned that, due to the cost-of-living crisis and soaring inflation, the country could be heading into a recession. Whilst there’s not much any one individual can do about the looming downturn, there…
Vertu Motors acquires Wiper Blades Limited for £3.5mn
LONDON, UK: Vertu Motors, the UK automotive retailer with a network of 160 sales and aftersales outlets, announced the acquisition of Wiper Blades Limited, a leading e-commerce business specialising in the on-line sale of car wiper blades and other associated products through operating websites. This acquisition is in line with the stated strategy of the…
Swoop Holdings agrees to acquire Telco Pay trading as Moose
SYDNEY, AUSTRALIA: Swoop Holdings Limited (ASX: SWP) has agreed to acquire Telco Pay trading as Moose. The purchase price for the acquisition comprises: • $16.15 million payable in cash on Completion (subject to customary net debt and working capital adjustments); • $2.85 million in cash to be paid into escrow and released to the Sellers…
Kazatomprom announces departure of CEO, Mazhit Sharipov
LONDON: JSC National Atomic Company “Kazatomprom“, the world’s largest uranium producer, announces that Mr. Mazhit Sharipov will be departing from his roles as the Company’s Chief Executive Officer (“CEO”) and Chair of the Management Board, and will resign from Kazatomprom’s Board of Directors, for personal reasons effective 04 July 2022. Kazatomprom’s Chief Operating Officer, Mr….
Pantheon Infrastructure agrees to invest $34.7mn in Vantage Data Centers
LONDON, UK: Pantheon Infrastructure Plc, the listed global infrastructure fund, has agreed to invest $34.7m (£28.6m at current exchange rates) in Vantage Data Centers, one of the leading providers of wholesale data centre infrastructure to large enterprises and hyperscale cloud providers. The investment will support Vantage’s North American business’ capital needs as the business continues…
ContourGlobal sold its Brazilian hydro-electric Business
LONDON: ContourGlobal plc completed the previously announced sale of its Brazilian hydro-electric generation business to Infraestrutura Brazil Holding XVII S.A. and Infraestrutura Brasil Holding XIX S.A. (“Pátria Investments”). The Brazilian Hydro Business comprises nine run-of-river hydro-electric generation assets with 168MW of gross capacity. The Brazilian Hydro Business was divested for BRL 1.74bn including the assumption…
Eurowag completes the acquisition of WebEye Telematics
LONDON, UK: W.A.G payment solutions plc (Eurowag), a leading pan-European integrated payments & mobility platform focused on the Commercial Road Transportation industry (CRT), has completed the acquisition of substantially all of the assets of WebEye Telematics Zrt., a leading Fleet Management Solution provider in Central and Eastern Europe, from the Seller. WebEye has an established…
Personal Group acquires Quintige Consulting Group for $0.9mn
LONDON, UK: Personal Group Holdings (AIM: PGH), the workforce benefits and services provider, announced the acquisition of Quintige Consulting Group Limited (QCG), a leading employee experience and reward consultancy, for a cash consideration of £0.9 million, a statement said. Quintige Consulting Group Limited (QCG) was founded in 2000 and has become a leading HR consultancy…
TGS acquires Prediktor
OSLO, NORWAY: TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor AS, a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling…
Azelis Group to acquire distribution assets of Ak-taş in Turkey
BRUSSELS, BELGIUM: Azelis Group, a leading global innovation service provider in the specialty chemicals and food ingredients industry, has signed an agreement to acquire the specialty lubricant (L&MWF1) distribution assets of Ak-taş in Turkey. The transaction includes the oil additive business of Ak-taş as well as the base oil distribution business of Whitechem, a subsidiary…