LONDON, UK: The board of Quantum Blockchain Technologies (LON: QBT) has made the key decision to focus on the development of the more efficient 5nm Application-Specific Integrated Circuit (ASIC), rather than a 7nm ASIC (as announced on 5 November 2021), to use as its proprietary Bitcoin mining tool. This decision was taken following a recent…
Tritax EuroBox buys €49.65 million logistics asset in Italy
LONDON, UK: Tritax EuroBox, which invests in high-quality, prime logistics real estate strategically located across continental Europe, announced the acquisition of a €49.65 million asset in Piacenza, Northern Italy, part of a major logistics hub. The property comprises a modern logistics warehouse arranged as two units (DC4 and DC5) constructed in 2016 and 2020 with…
Bank of Georgia signs $100mn long-term facility with DFC
LONDON: Bank of Georgia and the U.S. International Development Finance Corporation (DFC) have signed a US$ 100 million loan agreement with a maturity of over 11 years. The facility will enable Bank of Georgia to on-lend to micro-, small-, and medium-sized business customers to minimise the impact of the COVID-19 pandemic-related economic implications in Georgia,…
Production start-up of the Yunlin offshore wind farm
PARIS, FRANCE: TotalEnergies announced the start of power generation from the first turbine of the Yunlin offshore wind farm in Taiwan. TotalEnergies joined this project, operated by wpd, with a 23% interest in May 2021 alongside EGCO Group and a consortium of Japanese investors led by Sojitz. The Yunlin offshore wind farm has a capacity…
TotalEnergies and Clean Energy begin construction of first biogas unit in Texas
PARIS, FRANCE: Through their joint venture, TotalEnergies and its U.S. partner Clean Energy are launching the construction of their first biomethane production unit, in Friona, Texas. The biomethane will be used as an alternative fuel for mobility, thus contributing to decarbonize road transportation. Located on the Del Rio Dairy farm, the facility will be fueled…
Hochschild signs definitive agreement to acquire Amarillo Gold
LONDON, UK: Hochschild Mining (LON: HOC) has entered into a definitive agreement with Amarillo Gold Corporation (TSXV: AGC) pursuant to which Hochschild has agreed to acquire all of the issued and outstanding shares of Amarillo at a price of C$0.40 per share in cash. Pursuant to the transaction, Hochschild will acquire a 100% interest in…
Brendan McMorrow appointed CEO of Ormonde Mining
LONDON, UK: Ormonde Mining announced that Brendan McMorrow, who was appointed as a non-executive director of the Company on 30 September 2021, has been appointed Chief Executive Officer (CEO) with immediate effect. Brendan McMorrow has over 25 years’ experience as a senior executive and director of publicly listed natural resources companies and will assist the…
Australian Finance Group buys Fintelligence for $52.2mn
SYDNEY, AUSTRALIA: Australian Finance Group (ASX:AFG) has acquired a 75 per cent stake in leading asset finance aggregator, National Finance Alliance, trading as Fintelligence. AFG will pay $52.5 million for the purchase of 75% of Fintelligence, funded primarily by a new corporate debt facility. The transaction is expected to be EPS accretive (pre-synergies) in the…
GUD Holdings agree to acquire APG for $744.6 million
SYDNEY, AUSTRALIA: GUD Holdings has entered into an agreement to acquire AutoPacific Group (APG), for total consideration of approximately $744.6 million. GUD’s acquisition of AutoPacific Group (APG) will see the Group make a meaningful step towards its vision of becoming an integrated leader in 4WD Accessories and Trailering in Australia and New Zealand (ANZ) with…
Credit Corp to acquire Radio Rentals for $60mn
SYDNEY, AUSTRALIA: Credit Corp Group has entered into a binding agreement to acquire the assets of the Radio Rentals appliance leasing business from ASX listed Thorn Group Limited (Thorn) for a total consideration of approximately $60 million. The total consideration is subject to completion adjustments and will be funded from existing cash reserves. The transaction…
NZME Publishing acquires BusinessDesk for NZ$5.0mn
AUCKLAND, NEW ZEALAND: NZME Limited’s subsidiary NZME Publishing Limited has entered into a conditional agreement to acquire the BusinessDesk premier news website business and assets from publisher Content Limited for NZ$3.5 million payable in cash on completion, subject to customary adjustments plus an earn-out amount of up to NZ$1.5 million following 31 December 2023. “NZME’s…
Azelis acquires Austrian food distributor, Neupert Specialities
BRUSSELS, BELGIUM: Azelis Group (BSE:AZE), a leading innovative service provider in the specialty chemicals and food ingredients industry, has acquired 100% of the shares of Neupert Specialities GmbH in Austria. Neupert Specialities is an established distributor specializing in food and health raw materials and ingredients in the local market. Established in 2011 and headquartered in…