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Dtac and True agree to create a new telecom-tech company in Thailand
OSLO, NORWAY: Total Access Communication (Dtac) and True Corporation (True) announces that following the completion of the merger due diligence, the Board of Directors of each company approved the amalgamation and entered into an agreement to create a new telecom-tech company. As announced on 22 November 2021, there will be a voluntary tender offer (VTO) following regulatory…
ICI and Tariq Glass to setup 1,000 tons/day float glass plant
KARACHI: ICI Pakistan and Tariq Glass Industries have executed a joint venture agreement to set up a greenfield state-of-the-art float glass manufacturing facility having a production capacity of up to 1,000 tons/day. The facility will be setup in two phases, each phase having a production capacity of 500 tons/day. ICI Pakistan will invest in the joint venture…
Lyse to acquire Ice Group Scandinavia Holding for NOK 3.0bn
OSLO, NORWAY: Lyse AS has entered into heads of terms with Ice Group ASA to acquire all shares of Ice Group Scandinavia Holding AS and such additional assets and shares which belong to the business of Ice, including all the shares of Ice Communication Norge AS, Phonepartner Norge Holding AS and Ice Retail Holding AS at an…
GST gets FCA approved to take control of Angra Limited
LONDON, UK: GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, announced the Financial Conduct Authority (FCA) has approved the change of control of Angra Limited, a UK-based foreign exchange and payment services company. This allows the company’s agreement to acquire the whole of the issued share capital of Angra, as announced on…
Hynion and Hyrex launch floating hydrogen station for leisure boats
OSLO, NORWAY: Hynion AS and Hyrex AS plan a summer launch of the first floating hydrogen station for leisure boats. The pilot installation builds on a joint venture set up by Hynion and Hyrex last year to establish hydrogen stations for refuelling leisure boats with zero-emission fuel. “Hydrogen will be important for the decarbonisation of…
TradeFlow partners with Cargoes Finance by DP World
LONDON, UK: Supply@ME Capital plc announced that TradeFlow Capital Management Pte Ltd, part of the Supply@Me Group, has partnered with Cargoes Finance By DP World. DP World is a leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Its comprehensive range of products and services covers every…
Kingspan Group to acquire Ondura Group for €550mn
LONDON, UK: Kingspan Group, the global leader in high-performance insulation and building envelope solutions, signed an exclusive put option agreement to acquire Ondura Group from Naxicap Capital Partners and others. The total consideration for the businesses will be €550m (debt free, cash free) payable in cash on completion. Ondura Group, comprising Onduline SAS, Alwitra Holding,…
S-Ventures acquires business and assets of Livia’s Health Foods
LONDON, UK: S-Ventures announced the acquisition of the business and assets of Livia’s Health Foods Limited for £355,000 payable on completion comprising £130,000 in cash and 321,429 new ordinary shares in S-Ventures issued at a price of 70p per share. Livia’s Health Foods is a UK manufacturer of natural, plant based, indulgent, innovative and healthy…
Ovzon reschedules launch of the Ovzon 3 satellite until second half of 2022
STOCKHOLM, SWEDEN: Ovzon announced the Ovzon 3 satellite launch will be delayed and is planned to be launched in the second half of 2022. The rescheduling is due to continued insufficiencies and delivery of key components affecting the completion of Ovzon 3 and of a large number of other satellites in the industry. The rescheduling…
MoneyLion acquires Even Financial
NEW YORK: MoneyLion Inc. (NYSE: ML) has completed its acquisition of Even Financial Inc., the category-leading embedded finance marketplace. “With this transaction, we have combined MoneyLion’s powerful first-party products and open architecture marketplace with Even’s dynamic recommendation engine and expanding partner network to broaden the range of products and services within the MoneyLion platform,” said…
Enterprise completes $3.25bn acquisition of Navitas Midstream
HOUSTON: Enterprise Products Partners L.P. (NYSE: EPD) announced that one of its affiliates completed the previously announced $3.25 billion acquisition of Navitas Midstream Partners, LLC. This acquisition gives Enterprise a foothold for natural gas gathering, treating and processing in the core of the Midland Basin of the Permian. Navitas Midstream’s assets, which complement Enterprise’s presence…