LONDON, UK: Supreme Plc (AIM:SUP), a leading manufacturer, supplier, and brand owner of fast-moving consumer products, confirmed the disposal of McColl’s Retail Group to Alliance Property Holdings, part of the Morrisons Group. The company wishes to clarify that it has always served the McColl’s Retail Group store estate via a distribution agreement with Morrisons (meaning…
Wizz Air announces potential expansion in The Kingdom of Saudi Arabia
GENEVA: Wizz Air Holdings Plc, Europe’s fastest growing and most sustainable airline, has signed a Memorandum of Understanding (MoU) together with the Ministry of Investment of the Kingdom of Saudi Arabia, supported by the Saudi National Air Connectivity Programme (a Ministry of Tourism initiative to support the development of the Saudi Tourism Sector). The purpose…
Future plc acquires WhoWhatWear, a digital-only women’s lifestyle publisher
LONDON, UK: Future plc (LSE: FUTR), the global platform for specialist media, announced the acquisition of WhoWhatWear, a leading digital-only women’s lifestyle publisher based in the US from Clique Brands Inc. WhoWhatWear is a brand highly-regarded by both consumers and advertisers with a strong social presence and diverse revenue streams ranging from digital advertising to…
Atturra to acquire Perth-based Hayes Information Systems & Communications
SYDNEY, AUSTRALIA: Atturra Limited (ASX: ATA) announced that its subsidiary, Anatas Pty Ltd has exchanged a Share Purchase Agreement (SPA) to acquire Hayes Information Systems and Communications Pty Ltd. The acquisition of Hayes will have minimal impact on the Atturra FY22 results. Perth-based Hayes is an award winning OpenText partner providing Information Management consultancy, digital…
GFH Financial to acquire majority stakes in US-based SQ Asset Management
MANAMA, BAHRAIN:GFH Financial Group (GFH) has signed an agreement to acquire a majority stake in SQ Asset Management (SQ), a US-based living sector asset manager and property manager focused on student housing. The acquisition will see GFH launch its US operations by adding 180 real estate professionals to GFH’s employee base, bringing significant investment and…
Pagero Group to acquire Tungsten Corporation for £61.49 million
LONDON, UK: Pagero Group has agreed the terms of a recommended all cash offer to acquire the entire issued and to be issued ordinary share capital of Tungsten Corporation at the rate of 48 pence/ Tungsten share valuing the entire issued and to be issued ordinary share capital of Tungsten at approximately £61.49 million on…
Huddlestock Fintech acquires F5 IT in a NOK 20mn deal
OSLO, NORWAY: Huddlestock Fintech AS has confirmed the acquisition of 100% of F5 IT, a software developer with solid traction in customised applications and solutions within the Fintech, Proptech and IoT space. It has been agreed that Huddlestock will pay NOK 20 million in an all-share exchange to acquire 100% of F5 IT AS. “We…
Energean plc makes commercial gas discovery offshore Israel
LONDON, UK: Energean plc (LSE: ENOG) announced that a commercial gas discovery has been made by the Athena exploration well, offshore Israel. Highlights · Commercial discovery made by the Athena exploration well, Block 12, in the A, B and C sands. Preliminary analysis indicates that the Athena discovery contains recoverable gas volumes of 8 bcm (283…
ESET, Grove and Falanx developing partnership to provide M-EDR to UK Customers
LONDON, UK: Falanx Group Limited (AIM: FLX), the AIM listed cyber security business, announced that ESET, Grove and Falanx Cyber are working together to promote Managed-Endpoint Detection and Response (M-EDR) solutions and services to UK customers across the region. The ESET EDR capability is a leader in its field providing UK customers with protection from…
Pak Kuwait Investment Company & Enertech Kuwait sign $750mn investment agreement
KARACHI, PAKISTAN: Pakistan Kuwait Investment Company (PKIC) has entered into a strategic alliance agreement with Enertech Holding Company KSC, a subsidiary of Kuwait Investment Authority, worth $ 750 million, with the objective to collaborate and jointly explore investment opportunities and business potential primarily within Pakistan. Embarking on this journey of alliance with this agreement, both…
AQRU.io platform surpasses $50 million in assets under management
LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (DeFi), announced that its wholly owned subsidiary, Accru Finance Ltd., has surpassed US$50 million in assets under management (AUM) and 20,000 user signups on its proprietary yield-generating platform, AQRU.io, five months after the launch of the platform in December 2021. This represents AUM…
Launch of AIB Foresight Impact Fund
LONDON, UK: Foresight Group Holdings Limited, a leading infrastructure and private equity manager, announced that it has been appointed by Allied Irish Banks (“AIB”), Ireland’s largest financial services provider, to manage a new small and medium-sized enterprise (“SME”) equity fund. AIB will be a cornerstone investor in the Fund, which aims to stimulate job creation…