LONDON, UK: Ikigai Ventures, (LON:IKIV) an investment company established to acquire businesses focused on having a strong positive social impact, announced its intention for the company’s shares to be admitted to the Standard Listing segment of the Official List and to trading on the Main Market of the London Stock Exchange. Highlights • The Company was incorporated in 2021…
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Schlumberger, Aker Solutions and Subsea 7 create joint venture
LUXEMBOURG: Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil and lower development costs while simultaneously delivering on their decarbonization objectives. The proposed joint venture will comprise the subsea businesses of…
Frenkel Topping forms Joint Venture with CFG Law
LONDON, UK: Frenkel Topping Group has extended its ‘Working in Partnership’ programme with a 50:50 joint venture (JV) between its IFA arm and law firm, CFG Law, taking its joint ventures to eight in the Personal Injury and Clinical Negligence space. The joint venture sees CFG Law, part of the Client First Group, provide services…
Pyrum establishes joint venture to build and operate a 20,000-ton pyrolysis plant in Bavaria
DILLINGEN, GERMANY: Pyrum Innovations AG, a pioneer in the sustainable recycling of end-of-life-tyres (ELT) based on its patented pyrolysis technology, has established the first joint venture to build and operate a pyrolysis plant in Bavaria. Under the company name REVALIT GmbH, a recycling plant with a capacity of 20,000 tons of used tyres is to…
Tern Plc joins British Business Bank in a new venture capital fund
LONDON, UK: Tern Plc, the company focused on value creation from technology businesses, has agreed to join the British Business Bank (BBB) and other investors in a new venture capital fund, the Sure Valley Ventures UK Software Technology Fund (New SVV Fund). The principal investor in the New SVV Fund is the British Business Bank,…
Pakistanis can’t meet life-goals due to ‘Confidence Gap’
Standard Chartered latest survey into affluent (comprising emerging affluent, affluent and high net worth) consumers in 12 markets across Asia, Africa, the Middle East and UK, revealed that in Pakistan 92 per cent of them have reset their life goals following the pandemic. At the same time, for 50 per cent of the respondents, COVID-19…
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…
Comvita forms new North America joint venture with Caravan
AUCKLAND: Comvita, global market leaders in Mānuka Honey, announced a strategic partnership with Caravan, a Joint Venture with entertainment and sports agency, Creative Artists Agency (CAA). Central to this partnership is the formation of a celebrity-backed lifestyle brand, using the natural healing properties of Mānuka Honey and Propolis for topical use. Commenting, Comvita Group CEO…
Green Life Farms to purchase hydroponic greenhouse owner Finn Farms
NAPLES: Green Life Farms has reached an agreement to purchase Finn Farms, a hydroponic grower located on Florida’s West Coast. The transaction will provide Green Life Farms with full ownership of Finn Farms, including all site and equipment assets. Green Life Farms currently operates a hydroponic greenhouse in Lake Worth, FL, with its second of…
Derwent London forms joint venture with Lazari Investments
LONDON, UK: Derwent London is pleased to announce three off-market West End transactions with Lazari Investments. “We have exchanged contracts to acquire two properties in London’s Knowledge Quarter1, totalling 182,100 sq ft for £214.6m inclusive of costs. The combined rent is £5.3m p.a., or c.£30 per sq ft, reflecting a net initial yield of 2.5%….
LSL Property forms £200m joint venture with Pollen Street Capital
LONDON: LSL Property Services has formed a joint venture with Pollen Street Capital (PSC) to establish Pivotal Growth Limited, a vehicle seeking to become a leading national mortgage broker powered by market leading technology, first class regulatory compliance and exemplary customer service. It is planned that at least £200m will be made available by way…
Hileman Cowley and LLJ Ventures sell Comcast Esports Studio to Nuveen
LOS ANGELES: Hileman Cowley Partners and LLJ Ventures announced the sale of Comcast Esports Studios to Nuveen. Located in the heart of the Burbank / Glendale Media Triangle, Comcast Esports Studios, now under construction, will be a state-of-the-art production, streaming, and broadcast facility. Equipped with two sound stages, two production studios, open working areas, outdoor…