LONDON, UK: Supply@ME Capital plc, the fintech business which provides an innovative Platform for use by manufacturing and trading companies to access Inventory Monetisation solutions enabling their businesses to generate cashflow, is pleased to announce the appointment of Jim Coyle as its new independent non-executive chairman with effect from 28 October 2021. The Company conducted…
Foresight Sustainable Forestry Company launches IPO on LSE
LONDON, UK: Foresight Sustainable Forestry Company, an externally managed investment company that will invest in UK forestry and afforestation assets, announced the launch of its initial public offering (IPO) on the Premium Segment of the Official List and the Main Market of the London Stock Exchange. Foresight Sustainable Forestry Company plans a target issue of…
Synthomer to acquire adhesive business of Eastman Chemical for $1bn
LONDON, UK: Synthomer plc has agreed to acquire the adhesive resins business (Adhesive Technologies) of Eastman Chemical Company for $1 billion in cash. Eastman Chemical Company’s adhesive resins division develops, manufactures and sells tackifying resins and additives for adhesive products, with a strong focus on attractive end markets such as hygiene, packaging and high-performance tyre…
TechnipFMC and Saipem enter into a global commercial agreement
PARIS, FRANCE: TechnipFMC and Saipem have entered into a global commercial agreement that will allow them to identify projects worldwide that could be jointly executed for the benefit of clients. The commercial agreement will pursue specific Subsea Umbilicals, Risers and Flowlines (SURF) projects where the combination of the companies’ complementary world-class assets, technologies, products and…
Bank of Queensland completes $23mn sale of St Andrew’s Insurance
BRISBANE, Australia: Bank of Queensland Limited (BOQ) announced the successful completion of the sale of its interest in St Andrew’s Insurance to Farmcove Investment Holdings. On 14 October 2020, BOQ announced that it had entered into an agreement with Farmcove to sell St Andrew’s to Farmcove for proceeds of $23 million, subject to certain conditions,…
MDxHealth plans IPO in the United States
HERSTAL, BELGIUM: MDxHealth SA, a commercial-stage precision diagnostics company, is launching a registered initial public offering (IPO) of 3.75 million American Depositary Shares (ADS), each representing 10 ordinary shares of the company with no nominal value per share. In connection with the Offering, MDxHealth intends to grant the underwriters a 30-day option to purchase additional…
Apiam Animal Health acquires Horsham Veterinary Hospital for $2.0mn
BENDIGO, AUSTRALIA: Apiam Animal Health Limited entered into an agreement to acquire the business assets of Horsham Veterinary Hospital for total consideration of $2.0 million. The consideration for the acquisition will be paid in $1.60 million cash, with the remaining 20% consideration to be paid via the issue of fully-paid Apiam shares. Horsham Veterinary Hospital…
Zong and REDRETAIL to promote digital payments in Pakistan
ISLAMABAD, PAKISTAN: Zong, Pakistan’s leading telecom and digital services company, has partnered with REDRETAIL (a REDtone Group company) to promote digital payments in Pakistan. This collaboration will allow Zong customers to top-up and recharge their balance through REDRETAIL’s network of small and medium sized enterprises including kiryana stores. The B2B partnership with REDRETAIL, a retail…
HB International announces the biggest satellite play over Pakistan
LAHORE, PAKISTAN: HB International has signed a contract with EAST Satellite Holdings Pty Ltd for a hybrid ultra-high throughput geostationary satellite over Pakistan through ESRA, a new division. HB International is a major Pakistan-based conglomerate with prominent telecommunications interests. The newWAVE satellite by EAST will deliver 80Gpbs capacity in Ku and Ka band frequencies making…
S&P revises the outlook of Akropolis Group’s credit rating BB+ to stable
LONDON, UK: The international credit rating agency S&P Global Ratings (S&P) has positively revised the credit rating outlook of Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic countries. S&P announced on 26 October that it had revised the BB+ outlook on the issuer’s long-term credit rating to stable,…
Ikano Bank to buy consumer finance portfolio of Basisbank
MALMÖ, SWEDEN: Ikano Bank AB has entered into an agreement to buy Basisbank A/S consumer finance portfolio representing approximately 2 billion DKK (270 million EUR) in loan book value. Following regulatory approvals, the transaction will significantly grow Ikano Bank’s consumer lending business in Denmark, since Basisbank’s loan book makes up almost 10% of the 25…
Fertiglobe, first free zone company, commences trading on ADX
AMSTERDAM: Fertiglobe has become the first free zone company to list onshore in the UAE, with trading in the shares to commence on the Abu Dhabi Exchange (ADX) on Wednesday. The Initial Public Offering (IPO) was oversubscribed more than 22 times in aggregate, and 32 times for the Qualified Investor tranche (excluding cornerstone investors). OCI…