LONDON: Randall & Quilter Investment Holdings Ltd. (R&Q) has reached agreement to merge its wholly owned subsidiary, Sandell Re Ltd. with Tradesman Program Managers, LLC. in return for a 35% interest in the combined entity. The transaction is subject to…
LONDON: Yü Group PLC, the independent utilities supplier to the UK business sector, has completed the acquisition of the B2B customer book from Bristol Energy Limited, a wholly owned subsidiary of Bristol City Council, a news release said. Yü Group…
DUBAI: Union Properties PJSC has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED 946 million debt with the bank along with payment of the initial amount as per the new terms. Emirates NBD…
MORRISTOWN: Majesco, a global leader of cloud insurance software solutions for insurance business transformation, has signed an amended definitive agreement to be acquired by Thoma Bravo, L.P., a leading private equity firm focused on the software and technology-enabled services sectors,…
PHOENIX: ON Semiconductor Corporation, driving energy efficient innovations, announced it is exploring a sale of its manufacturing facility in Niigata, Japan. The intended sale of Niigata facility is part of the company’s plan to optimize its manufacturing footprint and sharpen…
CALGARY: High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, announced that the Canna Cabana retail cannabis store at Banff Avenue in Banff, Alberta will be opening on Wednesday, August 12, 2020…
AMSTERDAM: Global rating agency AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Net Insurance S.p.A. of Italy. The outlook assigned to these ratings is stable. The ratings reflect…
DUBLIN: The commercial aircraft market is expected to register a cumulative average growth rate (CAGR) of over 3.0%, during 2020-25, a report prepared by ResearchAndMarkets.com notes. The growth in air travel, especially in the emerging economies, is expected to remain…
TORONTO: Bophelo Bio Science & Wellness Pty Ltd, a wholly-owned subsidiary of Halo Labs Inc., has entered into an offtake agreement with Medcan Ltd, a company incorporated in the Republic of Malta, for the sale of bulk cannabis biomass, primarily…
BEIJING: At the “5G for Good, Innovate for New Value” summit, Huawei and 5G industrial partners jointly launched the first batch of 5G industrial applications. This initiative accelerates the development of 5G, marking the maturity of the 5G industry ecosystem….
DUBAI: As travellers mull over their summer vacation plans, Emirates and Dubai is sending out the clear message that tourists are welcome to enjoy the city’s many attractions, with various measures put in place for safe visits and smooth travels….
VANCOUVER: Global Care Capital Inc., a global investment company which engages in early stage investment opportunities in private and public companies, has entered into a letter of intent for the acquisition of all of the issued and outstanding securities in…