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ECS Fin-Transaction Processing & Automation

Sokin: Announces a new partnership with Mastercard

Sokin is a leading financial service provider that enables global payments for both consumers and businesses Announces a new partnership with Mastercard as...

Latest Posts

Asset Control: Rebrands as Alveo

Alveo the leader in market data integration and analytics solutions for financial services Asset Control announces rebranded as Alveo to reflect the significant...

fuboTV: Acquires Balto Sports

fuboTV Inc., a sports-first live TV streaming platform, acquired Balto Sports, a company that develops tools for users to organize and play fantasy...

The Food Revolution Group: Raises $4M for Juice Lab rollout

The Food Revolution Group (FOD) has received binding commitments to undertake a $4 million placement More than 114 million fully paid shares will...

AppsVillage: Signed an agreement with TikTok

AppsVillage (APV) has signed an agreement with TikTok (Singapore) that will enable its small and medium business (SMB) customers to advertise on the...

Insurance Australia Group: Raises $750M for COVID-19 payout

  • Insurance Australia Group (IAG) is looking to raise $750 million as it sets aside $865 million to cover the potential costs of COVID-19
  • On Wednesday, the NSW Supreme Court of Appeal told insurers it will have to issue COVID-19 payouts to businesses
  • However, the decision can be appealed in High Court and if that goes ahead there won’t be a decision on the payouts until next year
  • To be on the safe side, the company is undertaking a $650 million placement and $100 million share purchase plan to cover the potential costs
  • Under the raise, IAG will offer new shares for $5.05 each, which represents a 7.5 percent discount to IAG’s last close
  • IAG last traded for $5.46 per share on November 18

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Latest Posts

Asset Control: Rebrands as Alveo

Alveo the leader in market data integration and analytics solutions for financial services Asset Control announces rebranded as Alveo to reflect the significant...

fuboTV: Acquires Balto Sports

fuboTV Inc., a sports-first live TV streaming platform, acquired Balto Sports, a company that develops tools for users to organize and play fantasy...

The Food Revolution Group: Raises $4M for Juice Lab rollout

The Food Revolution Group (FOD) has received binding commitments to undertake a $4 million placement More than 114 million fully paid shares will...

AppsVillage: Signed an agreement with TikTok

AppsVillage (APV) has signed an agreement with TikTok (Singapore) that will enable its small and medium business (SMB) customers to advertise on the...

Trending Stories

Asset Control: Rebrands as Alveo

Alveo the leader in market data integration and analytics solutions for financial services Asset Control announces rebranded as Alveo to reflect the significant...

fuboTV: Acquires Balto Sports

fuboTV Inc., a sports-first live TV streaming platform, acquired Balto Sports, a company that develops tools for users to organize and play fantasy...

The Food Revolution Group: Raises $4M for Juice Lab rollout

The Food Revolution Group (FOD) has received binding commitments to undertake a $4 million placement More than 114 million fully paid shares will...

AppsVillage: Signed an agreement with TikTok

AppsVillage (APV) has signed an agreement with TikTok (Singapore) that will enable its small and medium business (SMB) customers to advertise on the...

Blue Energy: Signs 10-year gas supply deal with EnergyAustralia

Blue Energy (BLU) has entered a non-binding deal with EnergyAustralia to supply 100 petajoules of gas over 10 years from the Northern Bowen...

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