ROTTERDAM: IMCD N.V. has signed an agreement to acquire 100% of the shares of Polychem Handelsges.m.b.H. (POLYchem), Established in 1978, POLYchem started trading raw materials, machinery, and additives for the GRP industry. Their diverse product offering and expanded coverage across Southeast Europe has made them a distribution partner to leading speciality chemical manufacturers in the…
BikeExchange acquires US-based Kitzuma for $3.37mn
SYDNEY, AUSTRALIA: BikeExchange Limited (ASX:BEX) has acquired 100% of the US-based ‘Ready to Ride’ bike delivery and logistics business, Kitzuma, for US$3.375 million. The acquisition is aligned with BikeExchange’s overall e-Commerce first strategy and pursuing M&A opportunities which enhance the customer journey for purchasing everything bike. The acquisition of Kitzuma provides a key and unique…
WAM Capital and Westoz Investment set to merge
SYDNEY, AUSTRALIA: WAM Capital Limited (ASX: WAM) and Westoz Investment Company (ASX: WIC) have entered into a Scheme Implementation Agreement to merge the two entities. Under the Proposed Transaction, WAM Capital will acquire 100% of the shares in Westoz that it does not currently own through a scheme of arrangement (Scheme). Under the Scheme, Westoz…
Lisa Wade appointed CEO of DigitalX Limited
SYDNEY, AUSTRALIA: DigitalX Limited (ASX: DCC) has appointed highly experienced finance industry executive Lisa Wade as Chief Executive Officer. Lisa Wade has nearly 30 years of finance and financial markets experience working in organisations such as Citigroup, Bendigo Bank and most recently as Head of Digital Innovation and Sustainability at National Australia Bank (NAB). She…
The Reasons Why It Is Important To Trademark The Name of Your Business
A trademark is a word, phrase, symbol, or design that identifies and distinguishes the source of goods from those manufactured by others. A trademark may signify regional affiliation, sponsorship, or endorsement. The purpose of a trademark is to prevent confusion as to the source of goods and services. By identifying one’s goods as originating from…
Wizz Air acquires Gatwick Airport slots from Norwegian Air
LONDON, UK: Wizz Air, Europe’s fastest growing airline, has acquired 15 daily slot pairs from Norwegian Air Shuttle at Gatwick Airport. The deal means Wizz Air UK will base four additional Airbus A321neo aircraft at Gatwick, bringing the total aircraft based at Gatwick to five from Spring 2022 onwards. Wizz Air will be launching a…
TAQA & ADNOC announce $3.6bn to power, decarbonize offshore operations
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA) and Abu Dhabi National Oil Company (ADNOC) announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations, further strengthening TAQA and ADNOC’s position in driving and leading sustainability efforts and supporting the United Arab Emirates (UAE) ‘Net-Zero by 2050 Strategic Initiative’. The…
Maas Capital Shipping to acquire minority stake in BW LPG India
SINGAPORE: BW LPG Limited announced that Maas Capital Shipping B.V. has entered into an agreement to acquire a minority stake in BW LPG India, a subsidiary of the company. Following this transaction, BW LPG will own approximately 67% in BW LPG India. BW LPG India is the largest owner and operator of India-flagged Very Large…
Global Infrastructure Partners buys 25% of Scotia Gas Networks
LONDON, UK: OMERS has announced the sale of its entire 25% stake in Scotia Gas Networks Limited (SGN) and its group of companies including the Issuers to Global Infrastructure Partners (GIP). The transaction is expected to complete within the current financial year and is conditional on certain regulatory approvals. Scotia Gas Networks (SGN) is the…
Croda International sells PTIC businesses for €915mn
LONDON, UK: Croda International has signed a definitive agreement to sell the majority of its Performance Technologies and Industrial Chemicals (PTIC) businesses to Cargill Velocity Holdings Limited for an enterprise value of €915 million on a cash-free, debt-free basis. Cargill Velocity Holdings Limited is a wholly owned subsidiary of Cargill Inc. The transaction follows a…
VH Global Sustainable Energy Opportunities completes $22m acquisition of four projects in Brazil
LONDON, UK: VH Global Sustainable Energy Opportunities announced the completion of its acquisition of the third $22 million tranche to fund up to four projects which will provide 28MW of energy. These acquisitions were first announced on 28 May 2021 as part of the total commitment of $63m to fund the construction of 18 remote…
B90 Holdings to acquire Spinbookie.com
LONDON, UK: B90 Holdings has entered into an agreement with Entercreation Limited to acquire certain assets, including the domain, business IP, and 100% of the operations of Spinbookie.com, an online sportsbook and casino. B90 Holdings has raised £596,800 (before expenses) through a subscription of 4,973,333 new ordinary shares of no par value in the capital…