SYDNEY, AUSTRALIA: Veris Limited (ASX: VRS) has completed the settlement of the share sale agreement (SSA) with Telstra Purple Pty Ltd, a wholly-owned subsidiary of Telstra Corporation (ASX: TLS), under which Telstra Purple has acquired 100% of the shares in Aqura Technologies. The sale consideration, representing an enterprise value of $30 million, was settled in…
Perseus Mining signs agreement to acquire Orca Gold for CAD 233mn
SYDNEY, AUSTRALIA: Perseus Mining Limited (ASX: PRU) has entered into a definitive agreement to acquire all of the outstanding common shares of Orca Gold Inc. (TSXV: ORG) not already owned by Perseus. The acquisition will be by way of a statutory plan of arrangement under the Canada Business Corporations Act. Perseus currently owns 39.09 million…
PeopleIn completes acquisition of Perigon Group
SYDNEY, AUSTRALIA: PeopleIn Limited (ASX: PPE) has completed the acquisition of 100% of the shares in Perigon Group Pty Ltd that was announced to the market on 9 February 2022. Perigon Group is a leading Australian recruitment business which offers specialized contracting and permanent recruitment services across: • Finance and Accounting • Financial Institutions •…
Equinor to start exiting from joint ventures in Russia
OSLO, NORWAY: Equinor (NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are suffering…
Zip agrees to acquire Sezzle in a A$491mn share exchanged deal
SYDNEY, AUSTRALIA: Zip Co Limited (ASX: Z1P) has entered into a definitive agreement to acquire Sezzle Inc. in an all-scrip transaction by way of a statutory merger under the laws of the State of Delaware. Subject to the satisfaction or waiver of specified closing conditions, Sezzle stockholders will be entitled to receive 0.98 Zip ordinary…
Westpac completes sale of New Zealand life insurance business
SYDNEY, AUSTRALIA: Westpac announced that it has completed the sale of Westpac Life-NZ- Limited to Fidelity Life Assurance Company Limited for NZ$400 million. The transaction was first announced on 6 July 2021 and the terms of the sale remain unchanged. Westpac expects to report a post-tax gain on sale of NZ$98 million, subject to the…
CEO of Millennium Services Group resigns
SYDNEY, AUSTRALIA: The Board of Millennium Services Group has announced that Mr. Scott Alomes, CEO Millennium, has tendered his resignation and will be leaving Millennium at the end of March. Mr. Alomes was recruited almost 12 months ago to lead the continued stabilization of the business, develop a fully integrated strategy based on compliance, good…
4 Reasons Why Having a Good Logo Is Essential for Your Brand
A logo is one of the most important elements when it comes to branding your company. A logo, in simple terms, is what helps people identify your products or services when they look at them. That means that if someone sees one of your products and has no idea which brand it belongs to, then…
Getlink and CAT Group launch cross-channel rail freight service for Toyota
PARIS, FRANCE: Getlink and CAT Group have launched a new cross-Channel rail freight service transporting Toyota vehicles, for a period of 6 years, between Toton (UK) and Kolin (CZ) via Onnaing (FR), a statement noted. This new traffic alone represents growth of +15% in annual cross-Channel freight on a like-for-like basis, compared to 2021. It…
ALYI to accelerate EV rollout expansion by accepting Cryptocurrency
DALLAS: Alternet Systems Inc. (ALYI) will expand its electric vehicle rollout to new cities beyond Addis Ababa and Nairobi in conjunction with accepting cryptocurrency for purchases. ALYI is currently delivering electric motorcycles and three wheeled electric Bajas in Addis Ababa, Ethiopia and Nairobi, Kenya. The EVs are being delivered into the local taxi and delivery…
Tekmar Group to raise £4 million
LONDON, UK: Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announced a conditional placing via an accelerated bookbuild of new ordinary shares of 1p each in the capital of the company. The placing will be conducted at a price of 45 pence per share to raise…
Seplat Energy to acquire Mobil Producing Nigeria Unlimited for $1.28bn
LONDON, UK: Seplat Energy Plc, a leading Nigerian energy company, has entered into an agreement to acquire the entire share capital of Mobil Producing Nigeria Unlimited (MPNU) from Exxon Mobil Corporation, Delaware. Completion of the Transaction is subject to Ministerial Consent and other required regulatory approvals. Seplat Energy will acquire the entire share capital of…