PARIS, FRANCE: Helexia, a subsidiary of Voltalia, has won an additional 27 megawatts of photovoltaic capacity for the Vivo cell phone network, a Telefonica brand. Helexia is a distributed-generation and energy-efficiency specialist. Following the August 31 launch of the construction of 17 solar photovoltaic (PV) units to power the facilities of Vivo, a subsidiary of…
Nordic Nanovector appoints Dr Sandra Jonsson as COO
OSLO, NORWAY: Nordic Nanovector ASA (OSE: NANOV) announced the appointment of Dr Sandra Jonsson, PhD, MBA as Chief Operating Officer. Dr Sandra Jonsson will start on 10 January 2022 and takes over from Marco Renoldi, MD, who is retiring from the role but will remain as a consultant to the company. Dr Sandra Jonsson is…
Alpha Dhabi Holding announce AED 8.0bn expansion plans
ABU DHABI, UAE: Alpha Dhabi Holding (ADH), has agreed on the conglomerate’s expansion plans and future strategy, targeting AED 8 billion for investments in real estate, hospitality, healthcare, petrochemicals, and other promising sectors inside and outside the UAE. Eng. Hamad Al Ameri, Managing Director and CEO of Alpha Dhabi Holding, said: “In Q3 2021, the…
Targetspot to launch specialist mobile gaming division in 2022
PARIS, FRANCE: Targetspot, a division of AudioValley, will launch a specialist division in 2022 as part of their continued investment into the mobile gaming sector. This newly formed area will be dedicated to working with customers and partners from across the entire ecosystem, helping serve Targetspot’s acceleration into the fastest growing area of digital media…
Sims Limited buys metal recycler Atlantic Recycling in a $37mn deal
SYDNEY, AUSTRALIA: Sims Limited, a global leader in metal recycling, has agreed to acquire the assets of United States-based metal recycler, Atlantic Recycling Group (ARG) for a total consideration of $37 million plus working capital adjustments. The acquisition is expected to reach financial close on 1 January 2022. The acquisition price implies an EV/EBITDA multiple…
National Tyre & Wheel Limited buys Carter’s for $28.3mn
SYDNEY, AUSTRALIA: National Tyre & Wheel Limited (NTAW) has executed an agreement under which its wholly owned subsidiary, NTAW Holdings (NZ) Limited, will acquire Carters Tyre Service Limited, C.O. Tire & Retreading Co Limited and Tyre Distributors New Zealand Limited (together, “Carter’s”) for a purchase price of NZ$30 million ($28.3m). The acquisition will be funded…
Orcoda sells Chinese entity
SYDNEY, AUSTRALIA: Orcoda Limited (ASX: ODA) notified that its subsidiary Orcoda Transport Logistics Pty Ltd sold 100% of the equity of Smarttrans (HK) Limited for $4,000. Smarttrans (HK) Limited controlled three further Chinese entities. None of the entities currently trades and hold few assets. This sale completes the transition of Orcoda Limited to an entirely…
Going To The Top: Top Online Habits Of Successful Businesses Down Under
To be successful in the business world, it is important to have an online presence. This includes everything from a well-designed website to a social media strategy. However, not all businesses are created equal when it comes to their online habits. There are corporations in Australia that are thriving online, while others could use some…
Delegation from Abu Dhabi Securities Exchange visits Bahrain Bourse
MANAMA: Bahrain Bourse (BHB) hosted a high-level delegation from Abu Dhabi Securities Exchange (ADX) for two days to agree on practical steps to be taken by both parties in order to implement the action plan for the agreement that has been signed between Bahrain Bourse and ADX in November. Both parties agreed on a mechanism…
Dubai Investments offers to buy NGI at AED3.12/share
DUBAI, UAE: Dubai Investments has made an offer to acquire all or part of shares in National General Insurance (NGI) at the rate of AED3.12/share. The offer has been dispatched to NGI shareholders. Dubai Investments was incorporated in 1995. Since then, it has grown to become a major player in the economy of Dubai and…
CIP Merchant Capital takes minority stake in Time Out Group
LONDON, UK: CIP Merchant Capital has acquired, in aggregate, 1.8ordinary shares in Time Out Group for a total consideration of approximately £1.0 million, representing approximately 0.54 per cent of the issued share capital of Time Out. Time Out Group is the AIM quoted global media and hospitality business which seeks to enable people to explore…
LBG Media commences trading on AIM market of LSE
LONDON, UK: LBG Media plc (LON: LBG) announced that the admission of its entire issued and to be issued share capital to trading on the Alternative Investment Market (AIM) of the London Stock Exchange becomes effective and dealings commence under the ticker LBG. LBG Media plc (LON: LBG) is the UK-based multi-brand, multi-channel digital youth…