MANAMA: The 3rd Islamic Finance Innovation Day (IFID) Forum announced Bahrain Islamic Bank (BisB) as the Exclusive Banking Partner. Taking place in the Kingdom of Bahrain on 27th February 2022 at the Gulf Hotel as a hybrid event, the Forum is being held under the Patronage of the Central Bank of Bahrain (CBB) and is…
Systems Limited invests Rs150mn in Jomo Technologies
KARACHI: PSX listed Systems Limited, a global leader of next-generation IT services and BPO solutions, has agreed to make a strategic investment of Rs150 million in Jomo Technologies (Private) Limited, a progressive eCommerce company, selling global and local fashion/sportswear brands through its platform. “This investment is aimed at enhancing our presence in the digital retail…
Mobile Streams to launch new India services with Vodafone
LONDON, UK: Mobile Streams plc will launch new services in India in partnership with Vodafone India during the first quarter of 2022. The company intends to launch gaming, esports and Metaverse services via its own App to Vodafone India’s over 273 million customers. The service will be delivered via an App on the Google App…
Eni International and HitecVision to sell 220mn shares in Vår Energi ASA
SANDNES, NORWAY: Vår Energi ASA has resolved to launch an initial public offering (IPO) of shares in the company. Subject to approval of the prospectus, the listing application and successful completion of the offering, the shares of Vår Energi will be admitted to listing and commence trading on Oslo Børs on a conditional trading basis…
Saint-Gobain sells its glass processing business in Estonia
PARIS, FRANCE: Saint-Gobain has entered into an agreement for the sale of its regional glass processing business Baltiklaas OÜ in Estonia to Polar Glass OÜ, a subsidiary of Barrus AS. Barrus AS is the largest glued laminated timber manufacturer in Estonia and supplier to window and door producers. Baltiklaas OÜ employs more than 200 people…
Total Eren and Chariot to deliver solar PV project for Tharisa’s Mine in South Africa
LONDON, UK: Total Eren Chariot (AIM: CHAR) signed a Memorandum of Understanding (MoU) with Tharisa plc to develop, finance, construct, own, operate and maintain a solar photovoltaic (PV) project for the supply of electricity to the Tharisa mine, in the North West Province, South Africa. The solar PV project is initially anticipated to be 40…
Innergex Renewable Energy acquires Aela Energía for $691mn
OSLO, NORWAY: Mainstream Renewable Power and Actis have sold Aela Energía to the Canadian-listed developer Innergex Renewable Energy for USD 691 million. Aela has grown to become Chile’s largest independent power producer of renewable energy, since it was established in 2013 as part of a joint venture between Actis (60 percent) and Mainstream (40 percent)….
ULS Technology launches conveyancing partnership with Moneyfacts
LONDON, UK: ULS Technology plc (AIM:ULS), the provider of online digital platforms for the UK conveyancing and financial intermediary markets, announces that eConveyancer has launched an exclusive conveyancing partnership with comparison website, Moneyfacts. The partnership will enable customers using Moneyfacts to search for and instruct a conveyancer from eConveyancer’s panel of more than 50 audited…
Waga will supply equipment to Air Liquide for renewable natural gas production
MEYLAN, FRANCE: Waga Energy will supply three cryogenic distillation modules to Air Liquide for two renewable natural gas (RNG) production plants currently under construction in the United States, a statement said. The cryogenic distillation modules, manufactured as standard components by Waga Energy for its WAGABOX(R) landfill gas upgrading units, separate methane from oxygen and nitrogen….
Comms Group acquires onPlatinum for upto $18 million
SYDNEY, AUSTRALIA: Comms Group Limited (ASX: CCG) has acquired onGroup Holdings Pty Ltd (“onPlatinum”) to strengthens Group’s position in the corporate mid-market, expanding the company’s footprint into the QLD market. onPlatinum is purchased for an initial consideration of $12 million and an additional out-performance earn out component up to $6 million, taking the potential maximum…
SRJ Technologies stays acquisition of STATS (UK) Limited
SYDNEY, AUSTRALIA: SRJ Technologies Group (ASX: SRJ) is temporarily delaying the A$142 million capital raise to fund the acquisition of STATS (UK) Limited and provide additional working capital for the combined group. The capital raise has been delayed as a result of significant changes to underlying market conditions in Australia and globally since the start…
Lithium Australia agrees terms to acquire final 10% of Envirostream Australia
SYDNEY, AUSTRALIA: Lithium Australia NL (ASX: LIT) currently holds a 90% interest in battery recycling entity Envirostream Australia Pty Ltd, with the remaining 10% held by Envirostream managing director Andrew Mackenzie. Indicative terms for its acquisition of the final 10% of Envirostream have been agreed, with negotiations at an advanced stage and a purchase price…