YOKOHAMA, JAPAN: Nissan Motor Co., Ltd. announced financial results for the three-month period ending June 30, 2019. In the first quarter of the fiscal year, Nissan generated an operating profit of 1.6 billion yen on net revenues of 2.37 trillion yen, equivalent to an operating margin of 0.1%. First quarter net income1 fell by 94.5%…
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Sberbank & Mail.ru to build food and transportation O2O
MOSCOW – Sberbank and Mail.ru Group plan to create a leading Russian O2O (online-to-offline) services platform focused on major consumer markets, the key areas of food and transportation. Sberbank and Mail.ru Group plan to invest up to RUB 64 billion in the JV on the condition that key performance indicators are achieved over the 12-month…
GoCo Group plc acquires energy savings service Look After My Bills
LONDON: GoCo Group plc has acquired This Is The Big Deal Limited (trading as Look After My Bills). Total consideration is comprised of £6.0 million upfront, financed through the Group’s existing resources, plus £2.5 million deferred consideration, plus up to a further £4.0 million performance based earn-out, leading to a maximum potential consideration of £12.5…
Bidco Limited agrees to buy Cobham Plc for £4.0 billion
LONDON: The boards of Bidco Limited and Cobham Plc have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Cobham by Bidco. The Acquisition is to be effected by means of a scheme of arrangement. The acquisition values the entire issued and…
LNG tanker Vladimir Rusanov opens the Northern Sea Route
MOSCOW: PAO NOVATEK has announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route (NSR) passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the port of Sabetta to the port of Tianjin, located in China. LNG tanker Vladimir Rusanov…
IMImobile announces proposed acquisition of 3CInteractive Corp
LONDON: IMImobile, a global cloud communications software and solutions provider, has conditionally agreed to acquire the entire issued and to be issued share capital of 3C Interactive Corp. (3C), a private US cloud-based multichannel, customer engagement platform company with a leading position in Rich Communication Services (RCS), on a debt-free, cash-free, basis for a total…
AEG forms JV for saw-logging operations at Lumberton
LONDON: Active Energy (AEG), the London quoted renewable energy business focussed on biomass, has entered into a joint venture agreement, with Renewable Logistics Systems LLC (RLS), a supplier of saw-logs, pulpwood and wood chips to international and domestic markets. The JV will enable AEG to enter the saw logging export market via the commencement of…
Vodafone, O2 Telefonica to share 5G active equipment across UK
LONDON: Vodafone Limited and O2 Telefónica UK Limited announced that they have agreed to share 5G active equipment, such as radio antennas, on joint network sites across the UK. This means more people will get 5G sooner, helping to build a competitive digital economy and encouraging innovative new services that use 5G’s speed and greater…
NOVATEK launches South-Khadyryakhinskoye field
MOSCOW: PAO NOVATEK announced that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one billion cubic meters per annum. “The South-Khadyryakhinskoye field is located in close proximity to the Company’s existing infrastructure, which allowed us to quickly commence initial gas production and optimize…
United Oil & Gas announces conditional acquisition of Rockhopper Egypt
LONDON: United Oil & Gas Plc, the AIM traded oil and gas exploration and development company, is pleased to announce the proposed acquisition of Rockhopper Egypt Pty Ltd from Rockhopper Exploration Plc, for a headline consideration of US$16 million. The purchase includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt, and the…
Secure Income REIT announces £347mn disposal of private hospitals
LONDON: The Board of Secure Income REIT Plc announced the sale of a portfolio of eight of its nineteen private hospitals let to Ramsay Health Care Limited for a gross consideration of £347 million. The assets sold represent 31% of Ramsay hospitals owned by the Company, at their 31 December 2018 valuations. The purchaser is…
Salt Lake to acquire tenements and assets for the Lake Way Project
LONDON: Salt Lake Potash Limited has entered into a Sales Agreement with Blackham Resources Limited to acquire a package of tenements and other key assets for the Lake Way Project, a notice sent to London Stock Exchange said. Salt Lake Potash will pay total consideration of A$10 million, inclusive of A$500,000 payable under the Split…