PARIS, FRANCE: Vivendi will acquire 8.5% stake in the digital communication group Progressif Media from ZeWatchers. Progressif Media specializes among other things, in the design and execution of social network campaigns. ZeWatchers will own 30%, and the three founders, Emile Duport, David Bonhomme and Thomas Ghys, who retain 60% of the company. Vivendi will acquire…
Does Islam allow forex trading?
Forex trading, also known as foreign exchange, currency market or FX (foreign exchange), allows investors to buy and sell currencies. For example, A trader could sell a British Pound, and in return, the trader would receive the US Dollars. Then they could use their US dollars to buy Indian Rupees and so on. Dubai happens…
Decmil Group wins $18.1mn Town of Port Hedland contract
SYDNEY, AUSTRALIA: Decmil Group Limited (ASX: DCG) has secured a $18.1 million contract from the Town of Port Hedland to construct a new Port Hedland Community Centre building complex. The contract is scheduled to be completed in March 2023, with the works to be carried out in staged portions to ensure the uninterrupted running of…
Telenor agrees to sell its stake in Wave Money to Yoma Strategic
OSLO, NORWAY: Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51 percent share of Digital Money Myanmar Limited (Wave Money) for USD 53 million (around NOK 470) to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. Wave Money is a mobile financial services provider in Myanmar which…
Shawn Purvis appointed President and CEO of QinetiQ US
LONDON, UK: QinetiQ Group has named Shawn Purvis as President and CEO of QinetiQ US, effective 16 February 2022. Shawn is currently a member of the Executive Leadership Team and Corporate Vice President at Northrop Grumman Corporation. Shawn leads Northrop Grumman’s Enterprise Services sector, responsible for global cyber security, operations and next generation digitisation including…
Palace Capital acquires Maidenhead office building for £10.25m
LONDON, UK: Palace Capital has acquired 22 Market Street, an office building in the centre of Maidenhead, Berkshire for £10.25 million reflecting a net initial yield of 6.83%. The transaction has been funded using both the existing NatWest revolving credit facility and proceeds from the Company’s £30 million disposal strategy, which aims to generate capital…
Vela Technologies invests in EnSilica Limited
LONDON, UK: Vela Technologies has invested £750,000 in EnSilica Limited, a leading fabless semiconductor design business focused on custom mixed signal Application Specific Integrated Circuits (ASICs), in the form of convertible loan notes, as part of a pre-IPO funding round being undertaken by EnSilica to raise up to £1.5 million. Vela Technologies is an AIM-quoted…
GFH spins out infrastructure investments into Infracorp
MANAMA, BAHRAIN: GFH Financial Group announced the spinning out of its infrastructure and real estate assets under the newly established “Infracorp” capitalized with more than US$1 billion in infrastructure and developed assets into the Company, which will specialise in investments focusing on accelerating growth and development of sustainable infrastructure assets and environments across the Gulf…
Hikma expands into Canada with acquisition of Teligent Inc
LONDON, UK: Hikma Pharmaceuticals, the multinational pharmaceutical company, has agreed to acquire the Canadian assets of Teligent Inc. for $45.75 million. The transaction is expected to be completed before the end of the first quarter of 2022. The acquisition marks Hikma’s expansion into Canada and includes a portfolio of 25 sterile injectable products, three in-licenced…
Tavistock Investments to acquire Morgan financial Group for £3.7mn
LONDON, UK: Tavistock Investments Plc has entered into an agreement to acquire the entire issued share capital of Morgan Financial Group Holdings Limited, an independent financial advisory group with offices in Bath and Cheltenham. Tavistock has agreed to acquire Morgans for a total cash consideration of £3.7 million, from Corimar Asset Management Fund LP. £3.1…
Clean Power Hydrogen plans £50 million IPO on LSE
LONDON, UK: Clean Power Hydrogen Plc (CPH2), the UK-based green hydrogen technology and manufacturing company, has expressed intention to list its shares to trading on AIM market of London Stock Exchange (IPO on LSE). Clean Power Hydrogen Plc designs and manufactures hydrogen production units and is focused on the commercial production of green hydrogen in…
Spinnaker Acquisitions Plc to float on London Stock Exchange
LONDON, UK: Spinnaker Acquisitions Plc is in the advanced stages of the application process with the Financial Conduct Authority and the London Stock Exchange (“LSE”) for the admission of the company’s ordinary shares to the standard segment of the Official List and to trading on the LSE’s Main Market under the ticker “ONDO”. As per…