SBK | Jotup

TA Advisory FZ LLC: Saif Alketbi Promises to Resist Further Attempts by Fortenova Management to Unfairly Sell Company Assets – and Offers a Solution

Retrieved on:

Wednesday, June 28, 2023

Mr Alketbi, Fortenova’s largest shareholder, is closely monitoring Fortenova management's next moves, together with his legal team.

Key Points:

Mr Alketbi, Fortenova’s largest shareholder, is closely monitoring Fortenova management's next moves, together with his legal team.
In a letter to international investment bank Lazard on 16 June 2023, Mr Alketbi declared a significant interest in acquiring Fortenova Group MidCo.
This is an onerous debt burden, and attempts by Fortenova Group’s management to blame this on the company's ownership structure are at odds with reality.
Mr Alketbi is advised by lawyers TA Advisory in Dubai, as well as legal counsel in other jurisdictions.

TA Advisory FZ LLC: Saif Alketbi Expresses Strong Interest in Acquiring Fortenova Group

Retrieved on:

Wednesday, June 21, 2023

Professional Services, Finance, ART, Sberbank, Sale, Lazard, Massachusetts General Court, General Court, Letter, SBK, United Arab Emirates, Cryptocurrency, Auction, Security (finance), EU, Fortenova Group

Saif Jaffair Markhan Alketbi expressed his strong interest in acquiring Fortenova Group MidCo.

Key Points:

Saif Jaffair Markhan Alketbi expressed his strong interest in acquiring Fortenova Group MidCo.
Lazard has been previously engaged by Fortenova Grupa d.d., the Croatian operational company of the Group, to support the process for examining interest by potential investors for purchase of Fortenova Group MidCo B.V., one of the Dutch companies through which Fortenova Grupa is held.
As I expressed in my letter to Lazard on June 16, I am strongly interested in acquiring Fortenova Group MidCo.
Given the circumstances, I am keen to help the company come to the ‘alternative solution’ that it has itself requested.”
Mr Alketbi indirectly owns 43.41 percent in Fortenova Group.

SBK Real Estate Selects Yardi's Unified Platform to Manage Mixed Real Estate Portfolio

Retrieved on:

Tuesday, June 20, 2023

Collaboration, SBK, Property management

DUBAI, United Arab Emirates, June 20, 2023 /PRNewswire/ -- SBK Real Estate, one of the largest property management firms in the Middle East, has chosen Yardi® as its property management and accounting platform to digitalise its estate management services, enhance operations and customer services.

Key Points:

Yardi's technology will help SBK automate its real estate management services, consolidate data and gain a holistic overview of its mixed portfolio from a single cloud platform.
"Yardi's comprehensive suite of products will enable us to centralise our operations with a user-friendly dashboard and improve collaboration across various departments," said Mr. Ahamed Niazi, General Manager, SBK Real Estate.
"It's great to see SBK Real Estate choose Yardi as its technology partner," said Neal Gemassmer, vice president of international for Yardi.
"Our cloud-based solution is designed for real estate and helps simplify complexities in both property management and accounting whilst automating time-consuming day-to-day processes.

TA Advisory FZ LLC: Main Fortenova Group Equityholder Alleges Management Actions Enable Open Pass to Gain Absolute Ownership Control Over the Company

Retrieved on:

Friday, June 16, 2023

Professional Services, Finance, Enterprise, ART, Lawyer, Sale, Republic, Collection, Hearing, White Knight, SBK, United Arab Emirates, Security (finance), Cryptocurrency, Auction, Fortenova Group

Mr Alketbi is advised by lawyers TA Advisory in Dubai, as well as legal counsel in other jurisdictions.

Key Points:

Mr Alketbi is advised by lawyers TA Advisory in Dubai, as well as legal counsel in other jurisdictions.
In April this year, Fortenova and its management (including people related to Open Pass) started an unnecessary distressed sale process of the entire business.
It is against this rigged background that Open Pass can now portray itself as a White Knight, supposedly saving the company.
In fact, the situation has been engineered, with management’s help, to enable Open Pass ultimately to gain absolute voting and ownership control over Fortenova on the cheap.

TA Advisory FZ LLC: Main Fortenova equityholder takes action in Netherlands court to prevent “corporate power grab” by second-largest equityholder

Retrieved on:

Monday, January 9, 2023

On January 3, 2023, Fortenova called a meeting of Fortenova’s depositary receipts holders, scheduled for January 12.

Key Points:

On January 3, 2023, Fortenova called a meeting of Fortenova’s depositary receipts holders, scheduled for January 12.
This seeks to block the proposed changes and to commence an investigation of Fortenova management’s conduct.
Mr Alketbi is also calling on other depositary receipt holders in Fortenova to protect their own rights in Fortenova.
Mr Alketbi is advised by lawyers TA Advisory in Dubai, as well as legal counsel in other jurisdictions.

Best-odds sportsbook app SBK launches in Indiana with no-margin special offer

Retrieved on:

Tuesday, October 4, 2022

Indianapolis Colts, Denver Broncos, SIG, SBK, Deutsche Telekom, Full House Resorts, Colt, Google Play, Rising Star, App store, Indianapolis, Partnership, NFL, Sport, IOS, Affinity, Online gambling, Smarkets

LONDON, Oct. 4, 2022 /PRNewswire/ -- SBK, the best-odds sportsbook app developed by Smarkets, has launched in its second state, Indiana, after receiving approval from the Indiana Gaming Commission.

Key Points:

LONDON, Oct. 4, 2022 /PRNewswire/ -- SBK, the best-odds sportsbook app developed by Smarkets, has launched in its second state, Indiana, after receiving approval from the Indiana Gaming Commission.
An example spread market with zero margin or no house edge would be Colts +3.5 at -105, Broncos -3.5 at +105.
Check the SBK app for the latest lines and read more about the zero-margin offer on the SBK Help Center here .
Sports bettors in Indiana can download SBK from the App Store for iOS or the Play Store for Android.

Best-odds sportsbook app SBK launches in Indiana with no-margin special offer

Retrieved on:

Tuesday, October 4, 2022

LONDON, Oct. 4, 2022 /PRNewswire/ -- SBK, the best-odds sportsbook app developed by Smarkets, has launched in its second state, Indiana, after receiving approval from the Indiana Gaming Commission.

Key Points:

LONDON, Oct. 4, 2022 /PRNewswire/ -- SBK, the best-odds sportsbook app developed by Smarkets, has launched in its second state, Indiana, after receiving approval from the Indiana Gaming Commission.
An example spread market with zero margin or no house edge would be Colts +3.5 at -105, Broncos -3.5 at +105.
Check the SBK app for the latest lines and read more about the zero-margin offer on the SBK Help Center here .
Sports bettors in Indiana can download SBK from the App Store for iOS or the Play Store for Android.

Vmoto is the official supplier of electric scooters for Ducati Corse

Retrieved on:

Tuesday, July 5, 2022

SBK, Ducati Corse, ASX, Company, Industry, VMT, CMO, Business development, Partnership, Mobilities, Grand Prix motorcycle racing, Season, Amusement arcade, Ducati Motor Holding S.p.A.

MILAN, July 5, 2022 /PRNewswire/ -- Vmoto Limited (ASX: VMT) (Vmoto, or the Company) is proud to announce an important sponsorship agreement with the Ducati Corse as the official supplier of electric scooters in the paddock for the races of MotoGP and SBK in 2022-2023 seasons.

Key Points:

MILAN, July 5, 2022 /PRNewswire/ -- Vmoto Limited (ASX: VMT) (Vmoto, or the Company) is proud to announce an important sponsorship agreement with the Ducati Corse as the official supplier of electric scooters in the paddock for the races of MotoGP and SBK in 2022-2023 seasons.
With this important agreement, Vmoto will be the official supplier of electric scooters for Ducati Corse in the MotoGP World Championship and Superbike World Championship events during the 2022-2023 seasons.
Vmoto logos will be visible on our electric vehicles, trucks and on all Ducati Corse exhibition stands.
Graziano Milone, President of Strategy and Business Development and CMO of Vmoto Limited, commented: "We are very proud to be the official supplier of electric scooters for Ducati Corse and are excited to participate in such a prestigious international motorbike event together with our partner Ducati.

Smarkets announces new US General Manager hire from Nike

Retrieved on:

Wednesday, June 8, 2022

Google, Deutsche Telekom, Sport, Senior, BP, Hanai, Smarkets, SBK, CEO, Online gambling, Management, State

LONDON, June 8, 2022 /PRNewswire/ -- Leading sports betting operator Smarkets has today announced the hire of a US General Manager to run its growing business in the United States.

Key Points:

LONDON, June 8, 2022 /PRNewswire/ -- Leading sports betting operator Smarkets has today announced the hire of a US General Manager to run its growing business in the United States.
Sheldon Hanai joins Smarkets from Nike where he spent nearly six years, rising to Senior Director level as the Head of Global Innovation Finance.
He started his career with the US Department of Defense, before working at Google and BP and then moving to Nike.
The Smarkets platform processes billions of pounds of traded volume each year across the company's licensed and regulated markets.

Smarkets announces new US General Manager hire from Nike

Retrieved on:

Wednesday, June 8, 2022

Google, Deutsche Telekom, Sport, Senior, BP, Hanai, Smarkets, SBK, CEO, Online gambling, Management, State

LONDON, June 8, 2022 /PRNewswire/ -- Leading sports betting operator Smarkets has today announced the hire of a US General Manager to run its growing business in the United States.

Key Points:

LONDON, June 8, 2022 /PRNewswire/ -- Leading sports betting operator Smarkets has today announced the hire of a US General Manager to run its growing business in the United States.
Sheldon Hanai joins Smarkets from Nike where he spent nearly six years, rising to Senior Director level as the Head of Global Innovation Finance.
He started his career with the US Department of Defense, before working at Google and BP and then moving to Nike.
The Smarkets platform processes billions of pounds of traded volume each year across the company's licensed and regulated markets.