LONDON: Victoria Plc has acquired the business and certain assets of high-quality Spanish ceramic flooring manufacturer, Iberoalcorense (Ibero). Victoria is the international designers, manufacturers and distributors of innovative flooring, a release issued to London Stock Exchange (LSE) said. The purchase price for the acquisition is split into a payment on completion and a contingent payment,…
Author: NNR
Maxima signs EUR 52 million loan agreement for green investments
LONDON: Maxima LT and the Nordic Investment Bank (NIB) have signed a 10-year EUR 52 million loan agreement, a release issued to London Stock Exchange (LSE) noted. Maxima Grupė‘s companies in the Baltics will allocate money for green investments. “We were seeking to diversify sources of financing and focused on long-term financing, therefore we see…
Al Meera signs new store at The Mall
DOHA: Al Meera Consumer Goods Company has announced the signing of its new store at “The Mall”. Al Meera’s The Mall branch will mark Al Meera’s 54th store in Qatar. Al Meera’s upcoming branch at “The Mall” is the latest addition to a number of store openings under its network, a release issued to Qatar…
Capella Space signs agreement with Addvalue for use of its IDRS
SAN FRANCISCO: Capella Space has entered into an agreement with Addvalue for use of its Inter-Satellite Data Relay System (IDRS) via Inmarsat’s global L-Band satellite communications network, release issued to Singapore Exchange (SGX) noted.. Capella is an information services company that provides Earth observation data on demand. Addvalue is a one-stop digital, wireless and broadband…
Keppel expands data centre footprint in Sydney, Australia
SINGAPORE: The Alpha Data Centre Fund (Alpha DC Fund) has announced that its wholly-owned subsidiary has acquired a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia. The Alpha DC Fund is managed by Alpha Investment Partners Limited (Alpha), a wholly-owned subsidiary of Keppel Capital….
TDAP to hold Pakistan Pavilion at Intersec 2020
KARACHI: Trade Development Authority of Pakistan (TDAP) will participate at Intersec 2020 to be held in Middle East during January 19-21, 2020, and would hold a Pakistan Pavilion. TDAP will provide subsidized stalls to increase the exports of personal protection equipment (PPE), corporate wear/uniform protecting clothing, gloves, workwear, foot protection, hand/arm protection, firefighting equipment, rescue…
John Flint steps down as Group Chief Executive of HSBC Holdings
LONDON: HSBC Holdings plc announced that John Flint has Monday stepped down as Group Chief Executive and as a Director by mutual agreement with the Board. Although not carrying out his day-to-day duties after today, he remains available to assist HSBC with the transition. Mark Tucker, Group Chairman of HSBC, said: “On behalf of the…
CyanConnode signs memorandum to collaborate with Hexing
LONDON: CyanConnode Holdings, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has signed a Memorandum of Understanding (MoU) with Hexing Electrical Co. Ltd to collaborate and deliver smart metering solutions in certain territories. Hexing, established in 1992, is a multi-national manufacturing company that supplies Utilities in more than 80 countries across the…
ReAssure announces to acquire Quilter UK for £425mn
LONDON: ReAssure Group, a leading UK closed book life insurance consolidator, has agreed to acquire the UK Heritage business of Quilter plc for a total consideration of £425 million. ReAssure is a leading closed book life insurance consolidator in the UK. With £69 billion of assets under administration, it is the sixth largest life insurance…
Total sells stake in pipeline network for $290mn
PARIS–(BUSINESS WIRE)–Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for $290 million. “The sale of Total’s interest in this infrastructure reflects its active portfolio management strategy. Rather than own infrastructure assets, the Group’s aim is to hold contracts to use such infrastructure…
Rostelecom agrees to acquire Alliance Telecom Group
MOSCOW, RUSSIA: Rostelecom, the largest digital service provider in Russia, announced that its subsidiary Bashinformsvyaz (Bashtel) has signed an agreement to acquire a 100% stake in three companies to secure full control over the Alliance Telecom Group. Alliance Telecom has been providing internet access and TV services across the Primorsky region since 2007, servicing individual…
Ithmaar Holding announces plans to voluntarily delist from Boursa Kuwait
MANAMA, BAHRAIN: Ithmaar Holding has announced plans to voluntarily delist from Boursa Kuwait, while maintaining its listing on the Bahrain Bourse and Dubai Financial Market (DFM). Ithmaar is Bahrain-based holding company that is licenced and regulated as a Category-1 Investment Firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse, Dubai…