SYDNEY, AUSTRALIA: BikeExchange Limited (ASX: BEX) has completed the acquisition of the remaining 50% of the share capital of BikeExchange Colombia S.A.S (BECOL) for AUD $1.24 million in a majority equity transaction. This follows the announcement in January 2022 that BikeExchange had signed a non-binding indicative offer to acquire the remaining 50% of BECOL it…
Carbon Transition sells seismic node on a rope business for $12 million
OSLO, NORWAY: Carbon Transition ASA has signed an agreement to sell company’s seismic node on a rope business to Magseis Fairfield ASA. “In light of Carbon Transition’s new strategic direction, we believe our node on a rope operation will be more optimally utilized as a part of the Magseis Fairfield system and thereby maximize the…
Neurotech International appoints Dr Alexandra Andrews as Chief Executive Officer
SYDNEY, AUSTRALIA: Neurotech International Limited (ASX: NTI) announced the appointment of Dr Alexandra Andrews as Chief Executive Officer, effective from 8th March 2022. Dr Andrews holds a Doctor of Philosophy (PhD) in Neuroscience from the University of Western Australia. She brings expertise in corporate development, investor engagement, product development and commercialisation, clinical trials and regulatory…
Gabriel Chiappini appointed CEO of Black Dragon Gold Corp
SYDNEY, AUSTRALIA: Black Dragon Gold Corp. (ASX: BDG) announced the appointment of Mr Gabriel Chiappini as Chief Executive Officer (CEO). Gabriel has had a number of leadership roles within mining companies and has extensive capital markets’ experience over a number of years including being an advisor to Cygnet Capital, Executive Chairman and having managed and…
Tern Plc joins British Business Bank in a new venture capital fund
LONDON, UK: Tern Plc, the company focused on value creation from technology businesses, has agreed to join the British Business Bank (BBB) and other investors in a new venture capital fund, the Sure Valley Ventures UK Software Technology Fund (New SVV Fund). The principal investor in the New SVV Fund is the British Business Bank,…
Tern Plc
Tern Plc (AIM: TERN) is the company focused on value creation from Internet of Things (IoT) technology businesses. It backs companies with proven technology, based in the UK but with global ambition. The management team has a strong track record of unlocking opportunities in the USA for UK companies. Company predominantly support software companies which…
Schroder participates in Epsilogen’s £30.75 million Series B funding round
LONDON, UK: Schroder UK Public Private Trust has made a £3.0 million investment in leading immunoglobulin E (IgE) antibodies developer, Epsilogen, as part of its £30.75 million Series B funding round. The round was led by a new investor, Novartis Venture Fund, and joined by new investors 3B Future Health Fund, British Patient Capital and…
Laurence Hollingworth appointed Chair at Clarkson Plc
LONDON, UK: Clarkson Plc, world’s leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, announced that Laurence Hollingworth has been appointed Chair with immediate effect. Laurence joined the Clarksons Board in July 2020 and brings extensive experience in the capital markets and a strong understanding of the broking environment…
EIB strengthens Europe’s semiconductor industry with €600 million loan
PARIS, FRANCE: The European Investment Bank (EIB) will provided a €600 million loan to STMicroelectronics for the semiconductor group’s research and development (R&D) and pre-industrialisation activities in Europe. Jean-Marc Chéry, President and CEO of STMicroelectronics, said: “This new loan from the EIB, with which we have been working in partnership for many years, is complementing…
Aviva plc acquires Succession Wealth for £385 million
LONDON, UK: Aviva plc announced the acquisition of Succession Wealth for a consideration of £385 million, a bourse filing noted on Wednesday. The transaction significantly enhances Aviva’s presence in the fast-growing UK wealth market as more people seek advice for their retirement and savings options. The UK wealth market was worth an estimated £1.6 trillion…
Cordiant Global Agricultural Income plans $300mn IPO on LSE
LONDON, UK: Cordiant Global Agricultural Income Plc announced intention to undertake an initial public offering (IPO) of its shares and will seek admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. The company is targeting…
Dubai Islamic Bank shareholders approve 25% dividend for 2021
UAE: Dubai Islamic Bank (DIB) Annual General Assembly Meeting approved the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank’s Board and management’s strategic agenda for the coming years. For the year 2021, and following a strong post-COVID return to growth, DIB reported a 39% year-on-year increase…