Atlantia Set to Sell $1.2 Billion Stake in Telepass Unit
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Atlantia SpA closed a deal withPartners Group Holding AG to sell a minority stake in its Telepass electronic toll-payment unit, in an agreement designed to build a pan-European alliance that will handle digital payments, according to people familiar with the matter.
Atlantia sold 49% of Telepass for 1.06 billion euros ($1.24 billion), the people said, asking not to be named because the closing of the deal hasn’t been made public. A spokesman for Atlantia declined to comment. Partners Group didn’t immediately respond to requests for comment outside of normal business hours.
Telepass handles electronic tolls on highways in Italy, France, Spain and Portugal. The company also helps drivers pay for parking, city congestion charges and ferries in its home country, as well as providing insurance and fleet-management services.
The company forecast revenue declining by about 1 billion euros this year.
Iran, Ukraine to Hold Plane Crash Talks in Tehran Monday: IRNA
Iran and Ukraine will start three days of talks over a downed Ukrainian aircraft in Tehran from Monday, the state-run Islamic Republic News Agency reported.
The sides will discuss compensation terms as well as the technical and legal aspects of Ukraine International Airlines Flight 752 that Iran mistakenlyshot down in January, killing all 176 aboard, IRNA reported, citing Mohsen Baharvand, the deputy foreign minister for legal and international affairs.
Theprevious round of talks was held in Kyiv in July.
China Lawmakers Pass Export Control Law Protecting Vital Tech
China passed a new law on Saturday to restrict sensitive exports to protect national security, helping Beijing gain reciprocity against U.S. as tech tensions mount.
The country’s top legislative body, the National People’s Congress Standing Committee, adopted the measure that applies to all companies in China, including foreign-invested ones, according to state broadcaster CCTV.
Souring ties between China and the U.S. had led Washington to take action against several Chinese companies includingHuawei Technologies Co.,ByteDance Ltd.’s TikTok app, Tencent Holdings Ltd.’s WeChat and Semiconductor Manufacturing International Corp. The new law provides a framework for Beijing to better fight back.
While its existing control list is much narrower than the one used by the U.S., the country’s commerce ministry made an amendment in August that included technology such as algorithms and drones. The list could be further expanded to include even more products and technologies.
— With assistance by Colum Murphy, and Karoline Kan
Hassel Free Travel for South Africans
Spending up to 14 days in isolation, often at the travellers own cost, can derail your travel plans. Luckily, many African countries have a favourable reciprocating agreement with South Africa and will allow visitors to enter without quarantine. Many have also waived visas for South African passport holders, making planning and administration so much easier. These African countries welcome South African citizens visa-free or visa on arrival (meaning no application is required), and do not require tourists to undergo quarantine: Tanzania, Zanzibar, Namibia and Kenya. Visas on arrivals include Rwanda, Ethiopia, Ghana, Uganda and Zambia.
Aligos Therapeutics Prices IPO Of 10 Mln Shares At $15/Shr
Aligos Therapeutics, Inc. announced that it has priced initial public offering of 10 million common shares at $15.00 per share, the midpoint of the range between $14.00 and $16.00 per share. The offering is expected to close on October 20, 2020.
In addition, Aligos has granted the underwriters a 30-day option to purchase up to an additional 1.5 million shares of common stock at the initial public offering price.
The company sees offering gross proceeds, before expenses, to be about $150.0 million, excluding any exercise of the underwriters’ option to purchase additional shares.
Aligos’ common stock began trading on the Nasdaq Global Select Market on October 16, 2020, under the ticker symbol “ALGS.”
J.P. Morgan, Jefferies and Piper Sandler are acting as the joint book-running managers for the offering. Cantor is acting as a lead manager for the offering.
Hawa Hassan Builds a Cookbook Around East African Grandmothers
If you’re an avid reader or home chef, you’ve likely seen In Bibi’s Kitchen on many of the year’s most anticipated book lists. The cookbook is filled with recipes from eight African countries that border the Indian Ocean and stories from 24 grandmothers, and brings a new narrative to the table, one that Somali author, sauce maven, and former model Hawa Hassan is honored (if not a little overwhelmed) to share.
West African Dishes Are the Top Trending for 2020, and These Dishes Are Why
Foodies love the Internet, and this year their searches are focusing on West African cuisine. Bold flavors and healthy, natural ingredients seem to be motivating interest, but whatever the case, West African cuisine is having its moment in the sun. Here are some of the mouth-watering recipes that are attracting the most attention. Moin Moin is a delicious dish is a highly versatile food in West African cooking and originated from Nigeria. With a base of black-eyed peas, onions, and various peppers, it’s steamed to make a tender and comforting pudding.