LONDON, UK: Agronomics, the leading listed company focused on the field of cellular agriculture, has led a Seed Funding Round for with a US$ 2.2 million investment for California Cultured Inc. The financing is in the form of a SAFER (Simple Agreement for Future Equity). Joining the round includes global venture firm SOSV’s IndieBio. The…
TPL Group’s Rider raises $2.3 million in seed funding round
KARACHI, PAKISTAN: TPL Group backed Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman…
Facebook slapped £50.5 million fine over enforcement order breach
LONDON, UK: Facebook has been fined £50.5 million for breaching an order imposed by the CMA during its investigation into Facebook’s purchase of Giphy. It is standard practice to issue an initial enforcement order (IEO) at the start of an investigation into a completed acquisition. This ensures that companies continue to compete with each other…
Balfour Beatty signs largest sustainable linked loan in the UK construction sector
LONDON, UK: Balfour Beatty, the international infrastructure group, has reached agreement for the conversion of its £375 million revolving credit facility (RCF) to the largest sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024. The agreement further demonstrates the Group’s commitment to Sustainability, following the release of its…
Airbus-led consortium selected for European mobile broadband project
PARIS, FRANCE: Airbus DS SLC-led consortium that includes STREAMWIDE, has been selected for Phase 3 of the BroadWay PCP Innovation pan-European interoperable mobile broadband project for public security and disaster relief. Following the successful completion of Phase 2 last July, Airbus’ submitted offer has thoroughly convinced the Technical Validation Committee (TVC) and Lead Procurer for…
Tufton Oceanic divests Handysize Bulker Dragon for $16.2m
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited has agreed to divest the Handysize Bulker Dragon for $16.2m. The vessel is, taking its charter into account, being sold for 119% of depreciated replacement cost (“DRC”). It was acquired for 74% of DRC in 2018. This sale of Handysize Bulker Dragon, together with the Handy…
David Lowden appointed Chairman-designate at Diploma Plc
LONDON, UK: Diploma PLC has appointed David Lowden as an independent non-executive director and Chairman-designate. David joined the Board as a non-executive director on 19 October 2021 and he will succeed John Nicholas as the Company’s Chairman at the conclusion of the AGM on 19 January 2022 when John will stand down from the Board…
Shayne Tan appointed Chief Operating Officer of GSTechnologies
LONDON, UK: GSTechnologies Limited, the fintech and information technology solutions company, announced the appointment of Tan Guan Han, Shayne (Shayne Tan), an existing Executive Director, as the Company’s new Chief Operating Officer with immediate effect. Shayne Tan, who joined the GST board in January 2021, holds a Bachelor of Business Management Degree from Singapore Management…
Erik Digman Wiklund appointed new CEO of Targovax ASA
OSLO, NORWAY: Targovax ASA announced the appointment of Dr. Erik Digman Wiklund as Chief Executive Officer (CEO). Dr. Wiklund has intimate knowledge of the company and its technology having served as Chief Business Officer (CBO) and Chief Financial Officer (CFO) of Targovax since 2017. Dr. Erik Digman Wiklund said: “I am very excited to be…
IHC and Tasheel’s Theta Bidco to acquire Arena Events for £71 million
LONDON, UK: The boards of Theta Bidco Limited and Arena Events Group have reached agreement on the terms and conditions of a recommended cash offer by Bidco for the entire issued and to be issued share capital of Arena Events, other than the Arena Shares owned by Tasheel. As at 19 October 2021, Tasheel owned…
CloudCoCo acquires IDE Group Connect and Nimoveri Limited
LONDON, UK: CloudCoCo Group, a leading UK provider of Managed IT services and communications solutions, announced two further acquisitions to support its stated goal of becoming a significant player in the fast-growing UK Technology sector. CloudCoCo acquires IDE Group Connect Limited and Nimoveri Limited from IDE Group Holdings for a deferred consideration of £250,000. IDE…
JPMorgan and Scottish Investment Trust agree to merge
LONDON, UK: JPMorgan Global Growth & Income (JGGI) and The Scottish Investment Trust (SCIN) have agreed to merge their business forming a £1.2 billion entity. The Board of JPMorgan Global Growth & Income plc (JGGI) has signed Heads of Terms with the Board of The Scottish Investment Trust PLC (SCIN) in respect of a proposed combination with…