LONDON, UK: Grover it has completed its Series C funding round. Berlin-based Grover, the leading consumer-tech subscription platform, has raised $330 million in equity and debt funding from new and existing investors. The new round implies a value of the Company’s stake of £42.7 million, and would represent an implied uplift of £24.1 million compared…
Arendals Fossekompani acquires majority stake in Commeo GmbH
ARENDAL, NORWAY: Arendals Fossekompani ASA announced the acquisition of a majority stake in Commeo GmbH, a German company specializing in energy storage and energy management solutions, as part of the Ampwell growth strategy. The parties have agreed not to disclose the transaction price. “Energy storage is key in an increasingly volatile energy system where intermittent…
PepinNini partners Sunresin New Materials to develop Salta Lithium Brine Project
SYDNEY, AUSTRALIA: PepinNini Minerals Limited (ASX: PNN) has entered into a partnership with global lithium extraction company Sunresin New Materials Co. Ltd. (Sunresin) for the evaluation and development of PepinNini’s 100%-owned Salta Lithium Brine Project in the lithium triangle of north west Argentina. PepinNini and Sunresin have entered into a Memorandum of Understanding (MoU) as…
Vintage Energy abandons oil exploration well after failing to encounter hydrocarbons
SYDNEY, AUSTRALIA: Vintage Energy Ltd (ASX: VEN) notified that Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14 is to be plugged and abandoned after reaching Total Depth overnight and failing to encounter hydrocarbons. Stratigraphic correlation during drilling proved more difficult than anticipated, however intersection of the Holmwood Shale overnight confirmed the…
Hot Chili Limited commences trading on US-based OTCQX Market
SYDNEY: Hot Chili Limited (ASX:HCH), an Australia-based mineral exploration company, announced that its application to join the US-based OTCQX market has been accepted and the Company’s shares will commence trading in the US on the OTCQX Best Market under the ticker OTCQX: HHLKF on 7 April 2022. The OTCQX Best Market is the highest tier…
Susan MacDonald appointed Director of Waypoint REIT Limited
SYDNEY, AUSTRALIA: Waypoint REIT (WPR) notified that Susan MacDonald has been appointed as a Director of Waypoint REIT Limited with effect from 1 May 2022. “We are delighted to appoint Susan MacDonald as a director. Susan has extensive experience in the property sector, funds management and investment, both in her executive career and more recently…
FAR Limited appoints Garth Campbell-Cowan as CFO as Victoria McLellan resigns
SYDNEY, AUSTRALIA: FAR Limited (ASX: FAR) notified that Chief Financial Officer (CFO) Victoria McLellan has resigned and Garth Campbell-Cowan has been appointed as Chief Financial Officer. Ms McLellan will finish with the Company at the end of April following a hand-over period with Mr Campbell-Cowan. Mr Campbell-Cowan is an experienced executive, working across a variety…
7 Excellent Investments For Your Business That Will Quickly Pay Off
Deciding to invest in your business is one of the smartest things you can do. Not only will it help your business grow and succeed, but it will also allow you to reap the benefits in the form of increased profits and a better bottom line. But with so many different options available when it…
Tata Steel acquires remaining 50% interest in S&T Mining
LONDON: Tata Steel Group has acquired entire shareholding of Steel Authority of India Limited (SAIL) in S&T Mining taking group’s ownership in S&T Mining to 100 per cent. S&T Mining Company is a 50:50 joint venture company between Tata Steel Limited and Steel Authority of India Limited (SAIL). S&T Mining was incorporated on September 18,…
SHEIN, the B2C fast fashion e-commerce platform, will raise $1.0bn
SHEIN describes itself as “an international B2C fast fashion e-commerce platform (that) focuses on women’s wear, but also offers men’s apparel, children’s clothes, accessories, shoes, bags and other fashion items. SHEIN was valued at $100 billion in a recent funding round, according to people familiar with the matter, making the China-based apparel seller one of…
MMA Offshore disposed of two more vessels
SYDNEY, AUSTRALIA: MMA Offshore Limited has completed the sale of a further two vessels, the Mermaid Vigilance and the MMA Chieftain for total proceeds of $5.5 million. The sale values for these vessels were in line with the “assets held for sale” value on the Company’s balance sheet. The proceeds of approximately A$7.3 million will…
Inventis Technology has acquired Electronic Circuit Designs
SYDNEY, AUSTRALIA: Inventis Limited (ASX: IVT) confirmed that its wholly owned subsidiary Inventis Technology Pty Limited has completed all aspects of the purchase of all shares in Electronic Circuit Designs Pty Ltd (ECD). The 100% ownership is effective from 30/03/22. In conjunction with the share purchase of ECD, Inventis has also received written confirmation of…