SYDNEY, AUSTRALIA: Wesfarmers Limited has proposed to acquire 100 per cent of the shares in Australian Pharmaceutical Industries (API) for cash consideration of $1.55 per share (Revised Proposal). In July this year, Wesfarmers Ltd had submitted a non-binding, indicative offer to acquire…
PARIS, FRANCE: InsurTechs and BigTech players are leveraging significant capital inflows to boost technological development and fuel innovation, turning up the heat on incumbent insurers. Capgemini and Efma’s World InsurTech Report 2021 was published on Thursday. New age digital players are offering greater…
STOCKHOLM, SWEDEN: Swedish Match has appointed Goldman Sachs as exclusive financial advisor on the intended spin-off of its cigar business. Swedish Match intends to separate its cigar business via a spin-off to shareholders and to completely exit the manufacturing of…
LONDON, UK: AssetCo Plc announced Campbell Fleming will be joining the board of directors and take up the role of Chief Executive Officer with effect from 2 October 2021. In the Readmission circular sent to Shareholders on 26 March 2021…
LONDON, UK: InfraStrata plc has signed a Memorandum of Understanding (MoU) with Navantia, S.A and Windar Renovables to target specific fixed and floating wind projects primarily within the UK. The MoU signals a firm commitment from all three parties to…
LONDON, UK: tinyBuild, a leading video games publisher and developer with global operations, announced the acquihire of Bad Pixel, the development studio behind the very popular open-world game Deadside. Bad Pixel is based in Russia with seven developers currently. Deadside…
KARACHI: Engro Enfrashare, a wholly owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank. The proceeds raised through this Islamic syndication would be utilized to finance…
OSLO, NORWAY: SFL Corporation Ltd. announced that it has agreed to sell its seven handysize dry bulk vessels to an Asian based buyer for an aggregate price of approximately $100 million. Delivery of the dry bulk vessels is expected to…
KARACHI: Telecard Limited will sell 25 per cent shares in its wholly owned subsidiary, Supernet through a mix of Initial Public Offering (IPO) and Offer for Sale of Shares (OFS) at the strike price to be determined through the book building process….
LONDON, UK: Oakley Capital Origin Fund is investing $35 million to acquire a minority stake in Seedtag, a leader in contextual advertising in EMEA and Latin America. Founded in Madrid in 2014, Seedtag helps brands and agencies to deliver digital…
HØVIK, NORWAY: House of Control Group AS has entered into an agreement to acquire Egreement AB in Sweden, a news release said. The acquisition significantly strengthens House of Control’s SaaS-offering within contract workflow and digital signature. The acquisition complements House…
LONDON, UK: Sumo Group, provider of creative and development services to the video games and entertainment industries, announced the acquisition of Auroch Digital, a Bristol-based videogame developer and publisher with a focus on original IP creation. Initial consideration of £6.0m…