STOCKHOLM, SWEDEN: Ovzon announced the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry. The rescheduling…
MoneyLion acquires Even Financial
NEW YORK: MoneyLion Inc. (NYSE: ML) has completed its acquisition of Even Financial Inc., the category-leading embedded finance marketplace. “With this transaction, we have combined MoneyLion’s powerful first-party products and open architecture marketplace with Even’s dynamic recommendation engine and expanding partner network to broaden the range of products and services within the MoneyLion platform,” said…
Enterprise completes $3.25bn acquisition of Navitas Midstream
HOUSTON: Enterprise Products Partners L.P. (NYSE: EPD) announced that one of its affiliates completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC. This acquisition gives Enterprise a foothold for natural gas gathering, treating and processing in the core of the Midland Basin of the Permian. Navitas Midstream’s assets, which complement Enterprise’s presence…
Origin completes $2.0bn sale of 10% interest in Australia Pacific LNG
SYDNEY, AUSTRALIA: Origin Energy Limited has completed the sale of a 10 per cent interest in Australia Pacific LNG to ConocoPhillips. Net proceeds from the transaction are $2 billion, after adjustments. Origin and ConocoPhillips retain their existing seats on the Australia Pacific LNG board. The divestment of a 10 per cent interest does not change…
Humm Group selling HUM Consumer Finance to Latitude for $335mn
SYDNEY, AUSTRALIA: Humm Group Limited (ASX: HUM) has entered into a binding agreement to sell HUM Consumer Finance (HCF) comprising its buy now pay later (BNPL), instalment and credit card operations, to Latitude Group Holdings Limited (ASX: LFS). The consideration for HUM Consumer Finance (HCF) comprises 150 million Latitude shares and $35 million cash translating…
Tianjin Jiahua Footwear Company ceases production operations
SYDNEY, AUSTRALIA: Merchant House International Limited (ASX: MHI) advised that due to the changing business environment in China, the Board of its associate company Tianjin Jiahua Footwear Company Limited has decided to cease production operations with immediate effect. Forsan Limited, a subsidiary of MHI, holds a 30% interest in Jiahua. The decision by the board…
Google launches $100 million Google Career Certificates Fund
MOUNTAIN VIEW: Google CEO Sundar Pichai and U.S. Secretary of Commerce Gina Raimondo together announced the launch of a $100 million Google Career Certificates Fund. Through its support of Social Finance, the Fund aims to drive $1 billion in aggregate wage gains for more than 20,000 Americans through the Certificates, which equip people with job-ready…
Saint-Gobain sells CTD Tile Group to Aurelius Investments
MUNICH: Saint-Gobain has entered into binding agreements for the sale of its specialist tile distributor in the UK – CTD Tile Group to Aurelius Investments. Completion is expected by the end of the first quarter of 2022. CTD Tile Group employs 580 people and has 89 outlets, generating a turnover of approximately €115 million in…
Wilhelmsen New Energy to acquire a 21% stake in Reach Subsea for NOK 150mn
HAUGESUND, NORWAY: Reach Subsea announced that Wilhelmsen New Energy AS has entered into an investment agreement whereby Wilhelmsen has agreed to become a 21% shareholder in Reach Subsea through subscribing for NOK 150 million in a directed private placement. The investment agreement forms part of a broader partnership, which will see the launch of the…
Reach Subsea acquires offshore survey company iSURVEY
HAUGESUND, NORWAY: Reach Subsea ASA, a provider of subsea services globally, has entered into an agreement with iSURVEY Holding AS to acquire ISURVEY Group AS, a provider of offshore high-quality survey services, for NOK 135 million. “With the acquisition of ISURVEY, we are developing Reach Subsea into a larger, more robust, fully integrated company, with…
The Different Types Of Marketing Solutions That Can Improve Your Strategy
With the new age of internet marketing, businesses face new challenges and opportunities daily. How do we stand apart from our competitors? What can we offer that isn’t offered elsewhere? These are questions many marketers ask themselves every day as they find themselves up against larger companies with more resources. Fortunately, there is one thing…
Meltwater announces new Scientific Advisory Board
SAN FRANCISCO: Meltwater, a leading global provider of social and media intelligence, announced the launch of the company’s Scientific Advisory Board, composed of industry leaders in AI and machine learning who will support the company in setting scientific and technology strategy. As Meltwater continues to make significant investments into its cutting-edge AI and machine learning…