LUXEMBOURG: Aperam, has completed the acquisition of ELG, a global leader in stainless steel and superalloys recycling. The acquisition of ELG has received all necessary regulatory approvals and will further strengthen Aperam’s competitiveness and Environmental-Social-Governance leadership position in the industry. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap…
Mutares complete acquisition of Frigoscandia
MUNICH: Mutares SE & Co., a listed private equity holding company, has completed the acquisition of Frigoscandia from Posten Norge. The company further strengthens the Goods & Services segment as a new platform investment and offers multiple add- on opportunities in the Nordics and Mainland Europe in the future. Founded in 1948, Frigoscandia is a…
PTCL launches cyber security services for corporate customers
KARACHI, PAKISTAN: Pakistan Telecommunication Company Limited (PTCL) has launched new cyber security services based on its cutting-edge Security Operations Center (SOC) to protect its corporate and financial customers against cyber-attacks. The SOC-based services will reinforce the digital security by building a safety wall against a range of cyber security threats to customers’ data, digital assets…
Zwipe, Easy Pay and KL HI-TECH to pilot biometric payment cards in India
OSLO, NORWAY: Zwipe, KL HI-TECH and Easy Pay will pilot biometric payment cards in India, aiming for commercial launches by summer 2022. Easy Pay is one of the fastest growing payment brands in India whose services are used by over 2 million retail stores and millions of consumers. Zwipe is a fintech pioneering the development…
Groupe Gorgé makes indicative offer to acquire iXblue
PARIS, FRANCE: Groupe Gorgé has submitted a non-binding indicative offer for the acquisition of iXblue, whose activities in maritime, defense, hydrography and drones are complementary to those of its subsidiary ECA Group, which specializes in autonomous robotics. The two companies have been working together for several years, notably on the Belgian-Dutch program. A merger would…
Doha Bank signs $762.5 million term loan facility
DOHA, QATAR: Doha Bank has successfully completed the signing of a 3-year syndicated term loan facility on 20 December 2021. The loan proceeds will be used to fund general corporate and working capital purposes of the bank, and it pays a margin of 85 basis points per annum over US Dollar LIBOR. The term loan…
The Importance Of Avoiding Distractions While Driving
Being on the road is surely exciting, especially if you’re having a road trip, however, it can also be very risky. People have the tendency to say that when you’re driving, you have one foot in the grave and one in prison. Sounds pretty gloomy right? But that’s all because unfortunately, a lot of people…
EFG Hermes & MNHD sign EGP 750mn housing and development deal
CAIRO, EGYPT: EFG Hermes has signed a sale and leaseback agreement amounting to EGP 750 million with real estate development firm Madinet Nasr for Housing and Development (MNHD). EFG Hermes’ Investment Banking division acted as the financial advisor for the transaction, which will also encompass a few securitization issuances as follow-on transactions, while EFG Hermes…
An Easy Guide To Understanding The Different Manufacturing Methods
To say that manufacturing methods have undergone a change over the past few decades would be an understatement. Between 3D printing, innovative ways to produce phones, and the rise of China, it’s been quite a revolution. However, you may well be wondering why these methods matter and what exactly each one does. You might also…
Top 6 Financial Tips For New Australian Startups
There’s nothing more rewarding for a person to build something from the ground up and see it thriving. For entrepreneurs, this thing that they build from scratch is their business and it takes a lot of time and commitment to even make it survive the first year. Even though there’s nothing more regarding establishing a…
Who are the users of different social media platforms?
Not all platforms are suitable for all users. Social media has allowed for mass cultural exchange and intercultural communication. But, every social media platform has its own taste, theme and purpose for its users. There is sufficient criticisms of social media ranging from criticisms of the ease of use of specific platforms and their capabilities,…
Apollo Funds to acquire Miller Homes from Bridgepoint Group
NEW YORK: Apollo Funds has entered into a definitive agreement to acquire Miller Homes from Bridgepoint Group. Financial terms were not disclosed. Established in 1934, Miller Homes is a premier homebuilder in the U.K. with a focus on building high-quality family homes in regional markets in England and Scotland. On track for a record 2021,…