The mining giant Glencore invests in UK Battery Maker Britishvolt which plans to build UK’s first large-scale battery factory to help accelerate the rollout of electric vehicles. This partnership represents a major accomplishment for Britishvolt on its pursuit to assist vehicle OEMs on their direction to electrification. By securing one of the key battery ingredients […]
Dubai’s first and the largest digital asset platform BitOasis reports strong H1 2021 results with trading volumes to date exceeding $3 billion. The cryptocurrency platform BitOasis has been a pioneer in middle east since its take off in 2015, the company has been doubling its user base since the last six months. The company has […]
The HSBC Insurance Holdings a subsidiary of HSBC Holdings plc to acquire AXA Singapore for $575 million. AXA Singapore which is currently the 8th largest life insurer in Singapore will club with HSBC’s existing HSBC Insurance (Singapore) Pte Ltd’s (HSBC Life Singapore) business. Both businesses have complementary products across the spectrum of insurance solutions and […]
The investment company BlackRock to invest $400M in mubadala Capital, the asset management subsidiary of Mubadala Investment Company (Mubadala). The BlackRock-led investment was made into a portfolio of assets currently managed by Mubadala Capital, in addition to a $400 million commitment into Mubadala Capital’s third private equity fund (Fund III). The partnership between BlackRock and […]
The Australian multinational asset management company Macquarie to buy £1 billion stake in Southern Water. The utility company southern water which provides essential services to 2.6 million water and 4.7 million wastewater customers across Sussex, Kent, the Isle of Wight, and Hampshire. Macquarie Asset Management will invest, on behalf of long-term investors including insurance companies […]
The Japanese innovation company Rakuten Group to acquire wireless software Innovator Altiostar for more than $1 billion. Both the companies will partner to accelerate deployment of software-centric, virtualised services for the mobile industry across the globe. Altiostar’s 4G and 5G open virtual Radio Access Network (Open vRAN) solutions are speeding up the telecommunications industry’s ideal […]
The Saudi Arabian oil giant Aramco has announced a 288% increase in Q2 profits from the same quarter of last year to $25.5 billion and declaring a dividend of $18.8 billion. Aramco’s net income for the first half of the year was $47.2 billion a increase of 103% over the same period in 2020. The […]
The German pharmaceutical company Bayer has announced to acquire Vividion Therapeutics for $2 billion. After the acquisition, Bayer will own full rights to Vividion’s proprietary discovery platform, which comprises three integrated, synergistic components: an integrated data portal, a novel chemoproteomic screening technology, and a proprietary chemistry library. The acquisition of Vividion will strengthen Bayer’s small […]
The Fintech digital platform Nextpay announced a increase of $1.6 million in seed funding round Singapore-based venture capitalist Golden Gate Ventures and Gentree Fund led the oversubscribed seed financing round. Golden Gate Ventures has interests in digital leaders such as Omise, Codapay, BukuWarung, Stripe, and Xendit, while Gentree Fund is a private investment vehicle of […]
The battery cell manufacturer SK Innovation to split its battery and petroleum divisions into two new entities to improve its growth. In a press release SK Group company said the envisioned SK Battery will focus on midsized and large electric vehicle batteries, battery metal recycling, battery rental service and energy storage systems businesses. The other […]
The soft drink manufacturer PepsiCo has announced to sell its juice brands to PAI Partners for $3.3 billion. The Juice brands include Tropicana, Naked and other select brands across North America, the deal with French private equity firm PAI Partners will net pretax cash proceeds of $3.3 billion for Pepsi. The Chairman and Cheif Executive […]
The energy company SSE has agreed to sell its stake in gas distribution operator Scotia Gas Networks Ltd for £1.225 billion. SSE had initially acquired a 50% equity share in Scotia Gas Networks in 2005 for a total of £505m, before selling a 16.7% stake to a wholly owned subsidiary of the Abu Dhabi Investment […]
The American financial services Square plans to acquire all of the issued shares in Australia’s Afterpay for $29 billion. The acquisition will help in enabling the Square Inc And Afterpay to deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The ‘buy now, […]
The South Korean automaker Hyundai Motor Group and one of the leading battery producer LG Energy Solution are joining hands to establish a $1.1 billion electric vehicle battery plant in Indonesia. Both the companies have signed a memorandum of understanding (MoU) with the Indonesian government for the plant, which would produce 10 gigawatt-hours worth of […]
Eone Diagnomics Genome Center ( EDGC ), Korea’s genetic sequencing firm and gene-based services provider acquires Canada’s nutritional supplement manufacturer Natural Life Nutrition to expand its share in the international health supplements market. The deal came after Eone Diagnomics Genome Center ( EDGC ) set a new goal to dominate the market through its own […]
