LONDON, UK: Salarius’ U.S. subsidiary MicroSalt Inc. has appointed Rick Guiney as CEO. Rick Guiney has more than 35 years of experience in the food industry, including 30+ years as President & CEO of Classic Snacks Inc., where he pioneered the ground-up development of the business and transformed it into a market-leading direct distribution company…
Multiply to invest $75mn in Getty Images ahead of NYSE IPO
ABU DHABI, UAE: Abu Dhabi based Multiply Group has signed a binding commitment to invest AED 275 million (US$75 million) in global visual content creator and marketplace Getty Images. With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the company reaches and empowers a broad base of retained customers ranging from…
Mohammad Khairil Abdullah appointed CEO of VEON Ventures
AMSTERDAM: VEON Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced Mohammad Khairil Abdullah will join the VEON Group as Chief Executive Officer of VEON Ventures. Mohammad Khairil Abdullah is currently with the Axiata Group, a leading mobile operator in South-East Asia. As CEO of Axiata Digital Services, he built and…
APM buys Early Start, MyIntegra, Mobility for $101.5mn
SYDNEY, AUSTRALIA: APM Human Services International Limited announce the completion of the acquisitions of Early Start Australia, MyIntegra and Mobility as outlined in the Company’s IPO Prospectus. The acquisitions involve upfront consideration of $101.5 million through a combination of cash payments and the issue of shares. An earn-out payment will be payable contingent upon the…
Cynata and FUJIFILM Cellular execute strategic manufacturing agreement
MELBOURNE, AUSTRALIA: Cynata Therapeutics Limited has executed a Manufacturing Services Agreement (MSA) with FUJIFILM Cellular Dynamics, for the manufacture and supply of Cynata’s Cymerus therapeutic mesenchymal stem cell (MSC) products derived from induced pluripotent stem cells (iPSCs) for clinical trials and commercial applications.This new agreement was foreshadowed in the Strategic Partnership Agreement between FUJIFILM Corporation…
Pakistan Refinery announces $1.2bn expansion
KARACHI: State owned Pakistan Refinery Limited (PRL) has announced a $1.2 billion expansion, which would increase crude processing capacity to 100,000 barrels/day. Moreover, with this expansion, PRL will comply with the requirements to produce Euro-V compliant high speed diesel (HSD) and Motor Spirit (MS). Company will also achieve self-sustainability by upgrading from hydro-skimming refinery to…
Aperam completes EUR 357mn acquisition of ELG
LUXEMBOURG: Aperam, has completed the acquisition of ELG, a global leader in stainless steel and superalloys recycling. The acquisition of ELG has received all necessary regulatory approvals and will further strengthen Aperam’s competitiveness and Environmental-Social-Governance leadership position in the industry. ELG is a global leader in collecting, trading, processing and recycling of stainless steel scrap…
Mutares complete acquisition of Frigoscandia
MUNICH: Mutares SE & Co., a listed private equity holding company, has completed the acquisition of Frigoscandia from Posten Norge. The company further strengthens the Goods & Services segment as a new platform investment and offers multiple add- on opportunities in the Nordics and Mainland Europe in the future. Founded in 1948, Frigoscandia is a…
PTCL launches cyber security services for corporate customers
KARACHI, PAKISTAN: Pakistan Telecommunication Company Limited (PTCL) has launched new cyber security services based on its cutting-edge Security Operations Center (SOC) to protect its corporate and financial customers against cyber-attacks. The SOC-based services will reinforce the digital security by building a safety wall against a range of cyber security threats to customers’ data, digital assets…
Zwipe, Easy Pay and KL HI-TECH to pilot biometric payment cards in India
OSLO, NORWAY: Zwipe, KL HI-TECH and Easy Pay will pilot biometric payment cards in India, aiming for commercial launches by summer 2022. Easy Pay is one of the fastest growing payment brands in India whose services are used by over 2 million retail stores and millions of consumers. Zwipe is a fintech pioneering the development…
Groupe Gorgé makes indicative offer to acquire iXblue
PARIS, FRANCE: Groupe Gorgé has submitted a non-binding indicative offer for the acquisition of iXblue, whose activities in maritime, defense, hydrography and drones are complementary to those of its subsidiary ECA Group, which specializes in autonomous robotics. The two companies have been working together for several years, notably on the Belgian-Dutch program. A merger would…
Doha Bank signs $762.5 million term loan facility
DOHA, QATAR: Doha Bank has successfully completed the signing of a 3-year syndicated term loan facility on 20 December 2021. The loan proceeds will be used to fund general corporate and working capital purposes of the bank, and it pays a margin of 85 basis points per annum over US Dollar LIBOR. The term loan…