LONDON: Wood Group, the global engineering and consultancy company, has completed the sale of its joint venture interest in TransCanada Turbines to joint venture partner TC Energy for a cash consideration of US$67 million. The deal represents a multiple of…
MUNICH: Mutares SE & Co. KGaA has signed a Heads of Agreement for the sale of its 80% share of Nexive Group S.r.l., headquartered in Milan, to Poste Italiane S.p.A, a news release said. The Nexive business was acquired in…
PHILADELPHIA: Comoto Holdings has acquired REVER, the Colorado-based technology company that connects a global community of powersports enthusiasts through the free REVER app and website, to discover the best places to ride or drive, track activities, navigate and share experiences….
MIDLAND: Dow (NYSE: DOW) was named to the Dow Jones Sustainability World Index (DJSI) by S&P Global, the investment specialist focused exclusively on Sustainability Investing. This is the 21st year Dow has achieved this prestigious ranking as one of the…
DUBAI: Dubai Islamic Bank PJSC (DIB) successfully priced a USD 1 billion Perpetual Non-Call 5.5yrs Additional Tier 1 Sukuk with a profit rate of 4.625% per annum, a news release said. This transaction carries the lowest ever yield achieved by…
LOS ANGELES: Draganfly Inc. announced that Hall of Famer and Former NBA and NCAA Champion Derek Anderson has joined as a member of the Board of Advisors to help champion Draganfly’s Vital Intelligence technology into colleges and professional sports ….
LONDON: Insurance sector rating agency, AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” from “a+” of United Kingdom based Navigators International Insurance Company…
OSLO: Salmon Evolution (SALME-ME) has been granted a funding commitment of NOK 96.8 million from the state-owned enterprise Enova SF, a news release said. This commitment is a cash grant and the funding from Enova will not require any material…
SINGAPORE: The Cathay Pacific Group released its combined traffic figures for October2020 that continued to reflect the airlines’ substantial capacity reductions in response to significantly reduced demand as well as travel restrictions and quarantine requirements in place in Hong Kong…
SINGAPORE: The Association of Banks in Singapore (ABS) announced an enhancement of the ABS Listings Due Diligence Guidelines, which have been revised in close collaboration with Singapore Exchange Regulation (SGX RegCo) to raise standards of due diligence conducted on companies…
SYDNEY: Costa Group Holdings Limited has announced the appointment of Mr Sean Hallahan as the company’s Chief Executive Officer with effect from 31 March 2021. Mr Hallahan will also be appointed as managing director of the company from 31 March…
SYDNEY: Sparc Technologies Limited announced the completion of the acquisition of Graphene Technology Solutions Limited (GTS) following shareholder approval at the general meeting held on 26 October 2020. In conjunction with the acquisition of GTS, the Company is also pleased…