OSLO: Nordax Bank AB has announced its intention to launch a voluntary offer to acquire the entire outstanding share capital in Norwegian Finans Holding ASA (NFH), supported by Nordic Capital Fund VIII1, Nordic Capital Fund IX2 and Sampo Oyj. Nordax…
LONDON: Aviva Plc has sold its remaining Italian Life and General Insurance businesses (Aviva Italy) for €873 million in cash. This values the businesses at €1.2 billion including Unicredit Group’s 49% shareholding in Aviva S.p.A. Key highlights: · Sale of…
WELLINGTON: Xero Limited announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs. Aligned with Xero’s…
AUCKLAND: Downer EDI Limited has been awarded a $245 million contract by ElectraNet Pty Ltd to upgrade the existing electricity transmission network supplying the Eyre Peninsula in South Australia and to upgrade electricity substations, a news release said. Downer will…
AUCKLAND: Downer EDI Limited announced that it had completed the transition of underground mining services at OZ Minerals’ Carrapateena mine to Byrnecut Australia. As announced on 20 January 2021, the transition included the transfer of equipment from Downer to Byrnecut….
HELSINKI: Citycon Group has announced intention to issue a euro-denominated senior unsecured bond approximately with a maturity of 7 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued…
HALIFAX: Metamaterial Inc. announced a collaboration with Sekisui Chemical to improve the performance and coverage of high-speed, 5G and future 6G networks, a news release said. Together, META and Sekisui are developing a new transparent and flexible radio wave reflection…
VANCOUVER: Eat Beyond Global Holdings, an investment issuer focused on the global plant-based and alternative food sector, has joined Protein Industries Canada (PIC), a news release said. Protein Industries Canada (PIC) is an industry-led, not-for-profit organization created to position Canada…
OSLO: StrongPoint ASA has invested in and formed a strategic partnership with Halodi Robotics to jointly develop an in-store grocery retail robotics solution. The value of the partnership is approximately NOK 8.0 million, with half being allocated to research and…
KARACHI: Samba Bank Limited is raising Rs5.0 billion through Term Finance Certificates (TFCs) to meet its Tier-2 capital requirements. “State Bank of Pakistan (SBP) had granted its final approval to the bank for issuance of rated, privately placed, unsecured and…
OSLO: BEWI ASA plans to build a new packaging facility on the Jøsnøya island, Hitra, on the west coast of central Norway, a news release said. The new facility will be BEWI’s most modern and efficient facility for production of…
CAIRO: Telecom Egypt announced its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp. It will connect coastal and landlocked African countries to…