Craven House Capital has agreed to purchase 490 shares in Ceniako, equal to 49 per cent of Ceniako's total issued share capital, from its owner. The shares are being bought at around 2,040 euro per share, equal to a total of one million euro. Ceniako's owner will subscribe for 62.89m new ordinary shares in Craven for 1.25p per share, thereby raising the necessary one million euro. Ceniako is a Cypriot holding company, whose sole asset, held indirectly through a 100% owned Brazilian subsidiary, is 1,967 hectares of productive agricultural land with significant development potential. The transaction marks Craven's first investment in Brazil.
Technology firm OMG has luanched Autographer, its intelligent, wearable camera, which is also the first product to be developed under the company's consumer division, OMG Life. The camera is based on the same Microsoft 'SenseCam' technology already deployed within OMG's 'Revue' camera, which is targeted at the medical research market. "Autographer represents a further example of OMG's ability to transfer core imaging technologies across the group and open them up to new and exciting end markets," the firm said.
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Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
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Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
