LONDON, UK: Cornerstone FS plc, the cloud-based provider of international payment, currency risk management and electronic account services to SMEs, has expanded into the Middle East with the opening of an office in Dubai. The new office will be led by Robert O’Brien who has joined Cornerstone, as General Manager APAC and Middle East. Mr…
DLTx invests in Blockchain Moon Acquisition Corp.
OSLO, NORWAY: DLT ASA (DLTx) has completed an investment in Blockchain Moon Acquisition Corp, a company incorporated under the laws of Delaware. As communicated in the Q2 report, DLTx was one of the early investors in a SPAC focusing on distributed ledger technologies. The Company invested USD 653,350 in Blockchain Moon Acquisition Corp. through Jupiter…
ReadyTech buys student management software business, Avaxa
MELBOURNE, AUSTRALIA: ReadyTech Holdings Limited has acquired Avaxa, a specialist enterprise student management software business, for a total consideration of $2.2 million. ReadyTech is a leading SaaS business focused on providing next generation cloud-based software to customers within the education, employment, government and justice sectors. Acquisition of this enterprise student management software business will expand…
FOS Lighting buys Ecopoint for NZ$1.87 million
SYDNEY, AUSTRALIA: FOS Capital Ltd via its subsidiary FOS Lighting Pty Ltd has entered into a binding agreement to acquire 100% of the shares in Ecopoint Ltd a New Zealand based commercial lighting company. Purchase price of NZ$1.87 million comprises of NZ$1.49 million in cash and NZ$380,000 in FOS shares. The transaction is expected to…
Bahrain Bourse collaborates with Instinctif Partners to develop IR best practice
BAHRAIN: Bahrain Bourse signed Memorandum of Understanding (MoU) with Instinctif Partners MENA, an international business communications consultancy and Investor Relations (IR) advisory. The collaboration seeks to implement IR-related initiatives, which will allow Bahrain Bourse to promote best practice among listed companies, other market participants, as well as internally. The collaboration will include a series of…
Amanat sells 13.13% stake in International Medical Center for SAR 443mn
DUBAI, UAE: Saudi Healthcare and Education Fund, a private investment fund established in the Kingdom of Saudi Arabia, has sold its minority equity interest representing 13.13% of the shares in International Medical Center KSA (IMC) to a private investor for a total consideration of SAR 443 million. Amanat Holdings through its subsidiaries indirectly holds 100%…
DNB adjusts interest rates on home mortgages
OSLO, NORWAY: The Norwegian central bank, Norges Bank, Thursday raised the key policy rate by 0.25 percentage points. DNB has today decided to increase the interest rate on home mortgages by up to 0.25 percentage points. “Norges Bank’s key policy rate increase marks the end of an historical period with zero interest rates. We are…
Better Collective buys Soccernews.nl & Voetbalwedden.net for EUR 5.9mn
AMSTERDAM: Better Collective has acquired Soccernews.nl, one of the most visited Dutch online sports media, and Voetbalwedden.net, a well-established Dutch online sports betting community, in separate transactions for total upfront payments of EUR 5.9 million, with maximum deferred and earnout payments of EUR 3.75 million. The two acquisitions form a strategic move that will establish…
Automotive Cells Company to increase capacity to 120GWh by 2030
PARIS, FRANCE: The Automotive Cells Company (ACC) has committed to increase its industrial capacity to at least 120 GWh by 2030, as Mercedes-Benz has joined Stellantis and TotalEnergies as a new partner in ACC. The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals. Automotive Cells Company (ACC) results…
Cairn Energy acquires development and exploration assets in Egypt
LONDON, UK: Cairn Energy, together with its consortium partner Cheiron Petroleum Corporation, announced completion of the acquisition of a portfolio of upstream oil and gas production, development and exploration interests from Shell Egypt NV and Shell Austria GmbH in the Western Desert, onshore The Arab Republic of Egypt. Capricorn Egypt, a wholly owned subsidiary of…
Mike Fraser appointed CEO of Chaarat Gold
LONDON, UK: Chaarat, the AIM-quoted gold mining company, announced the appointment of Mike Fraser to the Chaarat board as Chief Executive Officer with effect from 17 January 2022. Mike brings over 20 years of extensive experience in the global mining and metals industry. In April 2018 he was appointed Chief Operating Officer of ASX-listed South32…
Tortilla Mexican Grill expresses intention to go public
LONDON, UK: Tortilla Mexican Grill, fast-casual Mexican restaurant group in the UK, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. The Group is targeting circa 45 new sites over the next five years including building on the success of the existing portfolio of…