According to a recent crypto trading industry report (2021 Q3) released by Token Insight, over $52 trillion in derivatives contracts were traded in the first three quarters of 2021, nearly 36% more than spot trading volumes. Crypto derivatives trading has been heating up in recent years as investors have shown a strong appetite for leveraged asymmetric…
Royal Unibrew buys remaining 75% stake in Hansa Borg Bryggerier for NOK 3.3bn
FAXE, DENMARK: Royal Unibrew, a brewing and beverage company in Denmark, has entered into an agreement to acquire the remaining 75% of Hansa Borg Bryggerier, which would result in a 100% ownership of the company. Royal Unibrew already has 25% ownership in Hansa Borg Bryggerier. The transaction is based on an enterprise value of NOK 3.3…
Murria’s AdvancedAdvT confirms share exchange merger with M&C Saatchi
LONDON, UK: The Board of AdvancedAdvT Limited has confirmed its intention to exploring a share exchange merger with M&C Saatchi. This follows the announcement made by AdvancedAdvT on 5 January 2022 confirming that the company had acquired 12 ordinary shares in M&C Saatchi, an international communications network headquartered in London. AdvancedAdvT Limited is an acquisition vehicle listed on…
Waterlogic and Culligan merge forming a leader in sustainable drinking water
LONDON, UK: Schroder British Opportunities Trust (SBO)’s private equity investments, Waterlogic Group Holdings has agreed to merge with Culligan International to create a leader in sustainable drinking water solutions and services. Culligan International is a leading global consumer water solutions and services provider whose mission is to deliver clean, safe and soft water to improve…
SDI Group acquires Scientific Vacuum Systems for £4.9mn
LONDON, UK: SDI Group plc has acquired Scientific Vacuum Systems Ltd (SVS), a UK manufacturer of physical vapour deposition equipment. Total consideration, including earnout, is forecast to be approximately £4.9 million, net of cash acquired. Ken Ford, Chairman of SDI said: “The acquisition of SVS is a further step in our Group growth strategy and…
New York Times to acquire The Athletic for $550mn
NEW YORK: The New York Times Co has agreed to buy The Athletic, subscription-based sports site, for $550 million in cash. Founded in 2016, The Athletic had 1.2 million subscribers as of December, and covers more than 200 clubs and teams in the U.S. and around the world. “Acquiring The Athletic puts us in a…
Woolworths withdraws non-binding proposal to acquire API
SYDNEY, AUSTRALIA: Australian Pharmaceutical Industries (API) noted that Woolworths Group Limited has withdrawn its non-binding indicative proposal to acquire 100% of the shares in API announced on 2 December 2021. As announced to the market on 8 November 2021, the Scheme Implementation Deed (“SID”) with Wesfarmers Limited remains in place and is on track for…
James Hardie appoints Harold Wiens as interim CEO
SYDNEY, AUSTRALIA: James Hardie Industries, the world’s #1 producer and marketer of high-performance fiber cement and fiber gypsum building solutions, announced the appointment of Harold Wiens as Interim Chief Executive Officer. In calendar 2017 the James Hardie Board of Directors, along with senior management, identified the need f or a strategic transformation to ensure the…
Danny Maher appointed CEO of FirstWave Cloud
SYDNEY, AUSTRALIA: FirstWave Cloud Technology Limited announced the appointment of Danny Maher as Chief Executive Officer (CEO). Danny Maher will join the company on 10 January 2022 and assume the role immediately taking over from the Executive Chairman and interim CEO, Mr John Grant, who will continue as Chairman in a non-executive capacity. Dany Maher…
Seeing Machines and Ambarella Inc. collaborate
CANBERRA, AUSTRALIA: Seeing Machines Limited announced a collaboration with Ambarella Inc., an AI vision silicon company, to bring integrated Advanced Driver Assistance System (ADAS) and occupant and driver monitoring system (OMS and DMS) solutions to the market. This unique technology combination will bring Seeing Machines’ industry leading OMS and DMS technology solutions to Ambarella’s CV2x…
Bitcoin Latinum to launch on 10 more global exchanges in 2022
Bitcoin Latinum (LTNM) announced its upcoming plan to launch on ten additional global exchanges in 2022, bringing its total to 20 publicly-traded exchanges. Bitcoin Latinum currently trades publicly on HitBTC ($6.2 billion in daily volume), FMFW.com ($4.5 billion daily volume), Changelly ($2.71 billion in daily volume), Changelly Pro, LBank ($1.1 billion in daily volume), DigiFinex, Hotbit,…
BerGenBio appoints Anders Tullgren as Chairman of Board
BERGEN, NORWAY: BerGenBio ASA, a clinical-stage biopharmaceutical company, announced today the appointment of Anders Tullgren to succeed Sveinung Hole as Chairman of the Board of Directors, effective Thursday. Sveinung Hole has been Chairman of the Board since March 2019 and will continue to serve as a Board Member. Anders Tullgren has over 35 years of…