PARIS, FRANCE: The European Investment Bank (EIB) will provided a €600 million loan to STMicroelectronics for the semiconductor group’s research and development (R&D) and pre-industrialisation activities in Europe. Jean-Marc Chéry, President and CEO of STMicroelectronics, said: “This new loan from the EIB, with which we have been working in partnership for many years, is complementing…
Aviva plc acquires Succession Wealth for £385 million
LONDON, UK: Aviva plc announced the acquisition of Succession Wealth for a consideration of £385 million, a bourse filing noted on Wednesday. The transaction significantly enhances Aviva’s presence in the fast-growing UK wealth market as more people seek advice for their retirement and savings options. The UK wealth market was worth an estimated £1.6 trillion…
Cordiant Global Agricultural Income plans $300mn IPO on LSE
LONDON, UK: Cordiant Global Agricultural Income Plc announced intention to undertake an initial public offering (IPO) of its shares and will seek admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange. The company is targeting…
Dubai Islamic Bank shareholders approve 25% dividend for 2021
UAE: Dubai Islamic Bank (DIB) Annual General Assembly Meeting approved the bank’s 2021 financial statements and other tabled resolutions, demonstrating the confidence of the shareholders in the bank’s Board and management’s strategic agenda for the coming years. For the year 2021, and following a strong post-COVID return to growth, DIB reported a 39% year-on-year increase…
SHUAA Partners Acquisition Corp-I begins trading at NASDAQ Global Market
DUBAI, UAE: SHUAA Capital (DFM: SHUAA) announced successful pricing of the initial public offering (IPO) of 10 million units of SHUAA Partners Acquisition Corp I at a price of $10/per unit. The $100 million Special Purpose Acquisition Company (SPAC) will be listed and start trading at NASDAQ Global Market under the ticker symbol “SHUAU” on…
MAF completes acquisition of residential mortgage lender MKM
SYDNEY, AUSTRALIA: MA Financial Group Limited (ASX: MAF) has completed the acquisition of the remaining 52.5% interest in residential mortgage lender MKM. Total cash consideration of $11.4 million was paid comprising $6.6 million for shares not already owned by MA Financial and $4.8 million for the acquisition of outstanding shareholder loans. MA Financial partnered with…
Damstra hired technology partner on Spark Consortium’s north east link project
SYDNEY, AUSTRALIA: Damstra Holdings Limited (ASX: DTC), an Australian-based global provider of integrated workplace management solutions, has been appointed as technology partner for Workforce Management Services for the $15.8 billion North East Link project, to be delivered by the Spark Consortium. The North East Link is Victoria’s largest road project and the project is expected…
Clever and Innovative Marketing Strategies Business Should Start Use in Advertising
It’s not simple to expand a firm. You’ll need to identify a successful niche, develop a target demographic, and have something useful to sell them. Without the right marketing tactics to fuel your growth, making money is practically impossible. To that end, here are some clever marketing strategies to use to develop your business. Before…
Booster launches investment fund to support early start tech and science
WELLINGTON, NEW ZEALAND: KiwiSaver provider, Booster Investment Management Limited, is kicking off the first NZX listing of 2022, with the launch of its new retail investment fund, the Booster Innovation Fund (BIF). The investment fund is the very first of its kind listed on the NZX (on 2 March), providing Kiwis with direct access to…
Duncan Chessell appointed CEO at Copper Search Limited
SYDNEY, AUSTRALIA: Copper Search Limited (ASX: CUS) has appointed experienced mining executive Duncan Chessell as Chief Executive Officer. Mr Chessell is a qualified geologist who is currently Managing Director of gold and battery metals explorer Resolution Minerals Ltd (ASX: RML). He was responsible for co-founding and listing Resolution (as Northern Cobalt) in 2017 and has…
CIOA gets €165mn financing from Landes Finance to accelerate development
PARIS, FRANCE: CIOA Group, an engineering and development company, announced a €165 million financing from Landes Finance, a financing and investment company based in Montreal, Canada. This is a partially convertible bond with a 10-year maturity, an early redemption clause, a 4.5% coupon and a 2-year grace period. This funding will allow the CIOA Group…
Fitch Ratings revised the ratings of 22 Turkish banks
LONDON: International credit rating agency Fitch Ratings revised the ratings of 22 Turkish banks including Isbank, subsequent to the downgrade of Turkey’s sovereign rating on 11 February 2022. The agency revised Isbank’s Long-Term Foreign Currency Issuer Default Rating to B from B+. The outlook of the rating was determined as Negative. The agency also placed…