FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of…
KARACHI, PAKISTAN: Federal Minister for Maritime Affairs Ali Zaidi said the country’s ship breaking industry was declining due to poor human resource management and collective failure at institutional level. “Pakistan used to be world’s leader in this industry in the…
LONDON, UK: Georgia Capital’s hospitality business, Amber Group has opened “Gudauri Lodge Hotel” – the first in-house branded hotel in the hospitality business portfolio. The upscale resort Hotel is conveniently located on the slope with ski-in and ski-out facilities in…
LONDON: JLEN Environment, the listed environmental infrastructure fund, acquired 70% equity stake in Bio Collectors Holdings Limited. The acquisition was funded by a draw-down on JLEN’s revolving credit facility. BCH, through its subsidiary companies holds the rights and operational assets…
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of T-three Group for a consideration of £3.4 million. T-three complements Kiddy & Partners, which Gateley acquired in July 2018, and together these businesses create…
LONDON: The European Investment Bank (EIB) has estimated its funding needs for 2020 at EUR 60 billion.The EIB has completed its 2019 funding programme of EUR 50.3 billion – in line with the funding authorization announced for the year. The…
SYDNEY: Lithium Consolidated Ltd (Li3) has completed acquisition of 100% of Warrigal Mining Pty Ltd, a Western Australian based exploration company. Under the share sale agreement, Li3 agreed to provide consideration in 3 tranches and advises that is has provided…
SUBIACO: Vection Technologies Ltd, a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has commenced early stage collaboration with the Motorvehicle University of Emilia Romagna (MUNER). MUNER represents automotive household names including Automobili Lamborghini,…
OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” to Westfield Champion Insurance Company, Westfield Premier Insurance Company, Westfield Superior Insurance Company and Westfield Touchstone Insurance…
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy. NBH comprises the…
OSLO: Polarcus Limited has announced the award of a marine seismic acquisition program in Brazil commencing in Q3 2020 with a duration of approximately 10 months. The program comprises 4D acquisition in obstructed areas with a multi-azimuth component. Polarcus is…
LUXEMBOURG: Subsea 7 S.A announced the award of a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea. Subsea 7 defines a sizeable contract as being…