LONDON, UK: Gravis Capital Management Limited announced intention to launch an initial public offering (IPO) of GCP Co-Living REIT on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial placing and offer for subscription for a target issue of 300 million ordinary shares at an initial…
BT Group negotiating with Discovery to create new sports joint venture
LONDON, UK: Following a detailed process to identify the best way to generate investment and strengthen sports business, BT Group entered exclusive discussions with Discovery Inc. on a deal to create a new sport and entertainment offering for customers in the UK. The new business would be a 50/50 joint venture, bringing together BT Sport…
Metalloinvest signs an agreement to sell JSC Ural Steel to Zagorsk Pipe Plant
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces that it has signed an agreement with Zagorsky Pipe Plant (ZTZ), one of the largest Russian suppliers of large diameter pipes for oil and gas pipelines and steel products for construction, to…
Epichem CEO, Colin La Galia, resigns
PERTH, AUSTRALIA: PharmAust Limited (ASX: PAA & PAAO), a clinical stage biotechnology company, announced that Colin La Galia, Chief Executive Officer (CEO) of PAA’s subsidiary Epichem, has resigned. La Galia will leave Epichem on 23 March 2022 to pursue another opportunity based in Perth. That business is not a competitor to Epichem or PharmAust. PharmAust…
Fred. Olsen Windcarrier plans EUR 150mn IPO on Oslo Stock Exchange
OSLO, NORWAY: Fred. Olsen Windcarrier ASA announced its intention to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange. The Fred. Olsen Windcarrier IPO is expected to comprise a primary offering of new shares raising gross proceeds of approximately EUR 150 million, which will be…
VEON announces intention to establish new parent holding company in UK
AMSTERDAM: Veon Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited company as the top holding company of the Veon Group. It is expected that the new UK…
An Easy Guide To Choosing The Perfect Coffee Packaging Solution
The process of packaging is what has made industrialization possible. It started with the industrial revolution when machines became faster, and industrialists wanted to transport their goods without having too much damage done to them. The same goes for coffee packaging, where choosing the right one for your specific coffee business is a must. It…
What are the prices of Toyota, Honda, Suzuki & KIA cars for 2022
Pakistan’s automobile companies manufacturing Japanese and Korean brands revised prices of their cars after the government imposed certain taxes through the Finance Supplementary Act, 2022. Prices of imported cars and used vehicles have also increased. Here are the details of increase and the revised prices for 2022 of cars of all variants of Japanese and…
Easypaisa partners GrocerApp and launches app for grocery delivery
KARACHI, PAKISTAN: Easypaisa, the country’s leading digital payments platform has recently partnered with GrocerApp to provide its users with a unique app for grocery delivery. The partnership was finalized by the CEO GrocerApp, Ahmad Saeed and Business Head, Easypaisa, Omar Moeen Malik. Easypaisa is increasingly diversifying its portfolio of payment services to offer more ease…
Fagron N.V has acquired Letco Medical for $34 million
BRUSSELS, BELGIUM: Fagron N.V. has acquired Letco Medical for an acquisition price is US$ 34 million. Letco is a supplier of pharmaceutical raw materials, supplies and equipment for compounding in the USA with expected sales of approximately US$ 40 million and an expected EBITDA margin of around 11% in 2021. Fagron also sold 80% of…
Oman Insurance Company bags ‘Insurer of the Year – Overall’ Award at MENA IR 2022 Awards
DUBAI: Oman Insurance Company received ‘Insurer of the Year – Overall’ award at the prestigious MENAIR 2022 Awards. The company was recognized for providing excellent customer service, introducing new, innovative and sustainable solutions, and raising the bar in terms of its product depth, features and value proposition. The event recognized various other insurance companies across…
Ørsted appoints Daniel Lerup as the next Group CFO
COPENHAGEN, DENMARK: Ørsted’s Board of Directors appointed Daniel Lerup as the next Group Chief Financial Officer (CFO) and member of Ørsted’s Executive Committee as of 8 April 2022. Daniel Lerup is currently Senior Vice President, Head of Commercial and EPC & Operation Finance at Ørsted and has worked for Ørsted since 2009. The appointment follows…