LONDON, UK: WPP Plc announced the acquisition of a majority stake in branding and design agency Made Thought. Made Thought will be integrated into AKQA and will join forces with Universal Design Studio and Map Project Office to form The New Standard, an industry-leading collective that provides clients with transformational design and creative thinking. The…
Funds advised by Apax sell stakes in Unilabs
LONDON, UK: The Apax Funds have agreed to sell their stakes in Unilabs, a leading pan-European provider of laboratory and imaging diagnostics services, to A.P. Møller Holding. The transaction is expected to close in Q1 2022 subject to customary closing conditions and regulatory approvals. The Apax IX investment in Unilabs is expected to deliver a…
Anna Chokina appointed Chief Executive Officer of Cellular Goods
LONDON, UK: The Board of Cellular Goods plc announced the appointment of Anna Chokina as Chief Executive Officer and Director to drive the Company’s next stage of growth following the launch of its inaugural product range on 1 December 2021. Anna Chokina succeeds Alexis Abraham, who becomes Chief Strategy Officer, and both appointments take effect…
London Stock Exchange to acquire Quantile Group for £274mn
LONDON, UK: London Stock Exchange Group (LSEG) has agreed to acquire Quantile Group Limited. LSEG has agreed to pay a maximum aggregate consideration of up to £274 million (subject to customary adjustments) to Quantile’s shareholders. Quantile is a leading provider of portfolio, margin and capital optimisation and compression services for the global financial services market….
CSC and Intertrust N.V agree on EUR 1.8 billion merger
AMSTERDAM: Corporation Service Company (CSC) and Intertrust N.V. reached a conditional merger agreement on a recommended public offer for all issued and outstanding ordinary shares of Intertrust for EUR 20/share, representing a total consideration of approximately EUR 1.8 billion. The combination of CSC and Intertrust creates a differentiated leader for corporate, fund, private, and capital…
Saudi Aramco extends Worley’s contracts for offshore assets
SYDNEY, AUSTRALIA: Saudi Arabian Oil Company (Saudi Aramco) has awarded in-Kingdom and out-of-Kingdom contracts to extend Worley’s services for Saudi Aramco’s offshore Maintain Potential Program. Under the contracts, Worley will continue to provide project management, engineering, design, fabrication and installation supervision for Saudi Aramco’s portfolio of offshore projects. The term of the extension is three…
Orascom to buy equipment distribution/services business in Egypt
DUBAI, UAE: Orascom Construction Board has proposed the acquisition of a leading equipment importation, distribution and services business (target company) in Egypt. The Group previously announced on October 19 that the Board of Directors had approved management’s proposal to formally evaluate this potential acquisition. After evaluation, including the appointment of an Independent Financial Advisor (IFA),…
Technip Energies to construct petrochemical complex in UAE
PARIS, FRANCE: Technip Energies (EPA:TE) in consortium with TARGET Engineering by Abu Dhabi Polymers co. Ltd. (Borouge) will construct a new Ethane Cracker Unit, to be integrated in the Borouge 4 petrochemical complex in Ruwais, UAE. Borouge is a joint-venture between ADNOC and Borealis. The EPC contract was signed by H.E Dr. Sultan Al Jaber,…
Boral Limited to sell North American Fly Ash business for $755mn
SYDNEY, AUSTRALIA: Boral Limited (ASX: BLD) has entered into an agreement with Eco Material Technologies Inc. to sell its North American Fly Ash business for a total consideration of US$755 million, a news release said. This transaction will complete Boral’s portfolio realignment and strategic refocus back on its construction materials business in Australia. Boral’s CEO…
ATP 2021 JV and AGL Wholesale sign gas sales agreement
SYDNEY, AUSTRALIA: Metgasco Ltd (ASX: MEL) announced a conditional Heads of Agreement (HoA) between the ATP 2021 Joint Venture parties (JV) and AGL Wholesale Gas Limited (AGL) for gas sales produced from the Vali Field from field start-up (mid-CY2022) through to the end of CY2026. This is anticipated to be a minimum of 9 PJ…
Len Jubber appointed CEO of Kalium Lakes
SYDNEY, AUSTRALIA: Kalium Lakes Limited (ASX:KLL) announced the appointment of Len Jubber as Chief Executive Officer (CEO), effective from 8 December 2021. Len Jubber is a mining engineer with broad operational and corporate leadership experience and a track record of successfully developing and operating mining assets and businesses. He was previously Managing Director and CEO…
The Importance Of Crypto For The Global Economy
Cryptocurrencies are a form of digital currency, created and stored electronically. They don’t exist in the physical world, like dollars or euros printed on paper money. Instead, cryptocurrencies exist only as computer data and can be used to buy goods and services at various retailers that accept them. It may sound complicated, but it just…