SYDNEY, AUSTRALIA: Flight Centre Travel Group (FLT), Goldman Travel Corporation and the Spencer Group of Companies have today launched an innovative new joint venture (JV) focussed on premium and business travel. The high-profile Australian travel industry businesses have joined forces to create Link Travel Group, an invitation-only members’ group dedicated to partnering with high quality…
Novatti Group will launch an Australian Dollar backed stablecoin
SYDNEY, AUSTRALIA: Novatti Group Limited (ASX:NOV), a leading fintech enabling businesses to pay and be paid, will launch an Australian Dollar (AUD) backed stablecoin leveraging the open source Stellar blockchain. The stablecoin, to be called AUDC, will provide a digital representation of the Australian dollar, and will be secured with a 1:1 backing of AUD…
HT&E to divest 4KQ Brisbane radio for $12mn
SYDNEY, AUSTRALIA: HT&E Limited has signed a contract to sell its 4KQ Brisbane radio station and licence to a subsidiary of Sports Entertainment Group Limited (ASX: SEG). The sale of 4KQ was required by the Australian Communications and Media Authority (ACMA) following HT&E’s acquisition of the “ARN Regional” business from Grant Broadcasters, which completed on…
SRJ’s acquisition of STATS UK Limited not proceeding
SYDNEY, AUSTRALIA: SRJ Technologies Group announced that the acquisition of STATS (UK) Limited will not proceed. Following SRJ’s announcements on 4 February 2022 and 14 December 2021 in relation to the transaction, SRJ advises that as a result of market volatility caused by underlying macro, geopolitical and supply chain events, the acquisition of STATS UK…
Air New Zealand completes NZ$1.2 bn shares sale
AUCKLAND, NZ: Air New Zealand has completed the shortfall bookbuild component of its 2 for 1 pro rata renounceable rights offer announced on 30 March 2022. Air New Zealand raised a total of NZ$1.2 billion in shares sale under the Rights Offer and shortfall bookbuild. These proceeds will be used to repay the airline’s existing…
Awilco Drilling sells WilPhoenix rig for $15.5mn
ABERDEEN, NORWAY: Awilco Drilling announced that its fully owned subsidiary Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA) for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed purchase price is USD 15.5 million. Expected time of delivery of the rig is on or around 1 June 2022….
Yara Clean Ammonia plans IPO on Oslo Stock Exchange
OSLO, NORWAY: Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange. Consistent with Yara’s ownership approach, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean ammonia…
Elop intends to divest Simplifai for NOK 140 million
OSLO, NORWAY: Elop AS has received a cash consideration offer for the acquisition of 100 percent of the shares in its operating subsidiary Simplifai. The offer values Simplifai at an enterprise value of NOK 140 million and will secure Elop the financial strength to accelerate commercialization of its technologies and further grow the company until…
VitroLabs, engaged in cultivated leather production, raises $46mn
LONDON, UK: Agronomics (AIM:ANIC), the leading listed investment company focused on the field of cellular agriculture, announced that the portfolio company VitroLabs Inc has completed its Series A financing round, raising US$ 46 million. VitroLabs Inc is engaged in cultivated leather production. This round was led by Agronomics following its US$ 7.0 million investment in…
ATOME Energy signs a major 60MW Power Purchase Agreement in Paraguay
LONDON, UK: ATOME Energy (AIM: ATOM) announced the signing in Paraguay of its first major 60MW Power Purchase Agreement enabling a clear path to near term large-scale hydrogen and ammonia production. Highlights ATOME has signed a new long term 60 MW Power Purchase Agreement (“PPA”) with ANDE, the national electricity supply and distribution company of…
CAP-XX secures JV with Ionic for transformational new graphene material
LONDON, UK: CAP-XX Limited has signed a binding term sheet in relation to a joint venture (JV) with Ionic Industries Limited for the commercialisation of reduced graphene oxide (rGO) for supercapacitors and other energy storage devices. CAP-XX Limited is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems….
Bango signs agreement with McAfee to expand resale channels and eliminate sales complexity
CAMBRIDGE, UK: Bango (AIM: BGO), the global platform for data-driven commerce, announced an agreement with McAfee Corp., a global leader in online protection. Under the agreement, McAfee has selected Bango e-distribution technology to expand its global user base through partnerships with service providers, who will bundle and resell McAfee subscriptions, helping protect more consumers around…