AUCKLAND, NEW ZEALAND: DGL Group Limited has announced the strategic acquisition of Aquapac Pty Ltd, specialty chemical manufacturer, for $8 million. DGL Group is a specialist chemicals business that manufactures, transports, stores and processes chemicals and hazardous waste. Aquapac is a well-known and widely respected water solutions company which formulates, trials and provides technical support…
Alstom and Plastic Omnium to design hydrogen storage for railway
PARIS, FRANCE: Alstom and Plastic Omnium have signed a Memorandum of Understanding (MoU) to collaborate on the development of high-end hydrogen storage systems for the railway sector. Alstom and Plastic Omnium will cooperate and combine their complementary know-how and capabilities in their respective domains. A dedicated team has been set up to manage the technical…
Pernod Ricard agrees to buy The Whisky Exchange
PARIS, FRANCE: Pernod Ricard has signed an agreement for the acquisition of The Whisky Exchange, a leading spirits online and physical retailer and a reference for global whisky and fine spirits lovers, a news release said. Since its creation by Sukhinder and Rajbir Singh in 1999, The Whisky Exchange, based in the UK, has become…
Workspace Group disposes vacant property for £92 million
LONDON, UK: Workspace Group announced the exchange of contracts for the disposal of 13-17 Fitzroy Street in Fitzrovia, for a total of £92 million. The sale of the vacant property is at a discount of 3.2% to the 31 March 2021 valuation and a capital value of £993 per sq. ft. The property currently provides…
Henry J. Charrabé appointed CEO of Seven Seas Water Group
TAMPA: Seven Seas Water Group, a multi-national provider of water and wastewater solutions, appointed Henry J. Charrabé as new Chief Executive Officer, effective September 20, 2021. Mr. Charrabé brings two decades of experience in the water and wastewater industry on a global scale. Most recently, he served as the Managing Director and CEO of the…
Stenprop changes name to Industrials Reit
LONDON, UK: Stenprop announced that, effective today, it has changed its name from Stenprop Limited to Industrials REIT Limited, in order to align the corporate identity with its “Industrials” operating brand and its investment strategy. The name change was approved by shareholders at the Company’s annual general meeting on 10 September 2021. As a result…
Spud of Egyptian vulture exploration well
LONDON, UK: Longboat Energy, the emerging full-cycle North Sea E&P company with a portfolio of significant, near-term, low-risk exploration assets, announced the commencement of drilling operations on the Egyptian Vulture exploration well. The drilling of the Egyptian Vulture prospect is being undertaken by the West Hercules semi-submersible drilling rig. The Egyptian Vulture well is targeting…
JTC acquires Ballybunion Capital Limited
LONDON, UK: JTC Plc, the global professional services business, has acquired Ballybunion Capital Limited, a boutique asset manager based in Ireland. The initial consideration will be settled in cash and JTC equity. A further deferred consideration is available on the achievement of performance targets in the current year. Background to Ballybunion Financial Founded in 2009,…
Laura Carstensen to step down as Chair of Appreciate Group
LONDON, UK: Appreciate Group, the UK’s leading multi-retailer redemption product provider to corporate and consumer markets, announced that Laura Carstensen has informed the Board of her intention to step down as Chairman as part of the Board’s succession plan. The Board will imminently commence a search process to appoint a successor and enable an orderly…
AstraZeneca plans $360 million Irish manufacturing investment
LONDON, UK: AstraZeneca is planning on establishing a next-generation active pharmaceutical ingredient (API) manufacturing facility for small molecules near Dublin, Ireland to ensure the Company’s global supply network is fit for future growth, a bourse filing said. The new plant will allow for late-stage development and early commercial supply, adopting state of the art process…
AM Best affirms ratings of Mutual Insurance of Arizona
PHOENIX: Mutual Insurance Company of Arizona (MICA) announced that AM Best affirmed its Financial Strength Rating (FSR) of A (Excellent) with a stable outlook. AM Best also affirmed the FSR rating of the MICA Risk Retention Group, Inc. as A (Excellent), also with a stable outlook. “As a mutual insurance company, MICA is committed to…
British Gas agrees to take on People’s Energy customers
LONDON, UK: British Gas has agreed to take on the customers of People’s Energy and will ensure that they continue to receive an uninterrupted supply of gas and electricity after the supplier ceased trading on 14 September 2021. People’s Energy serves around 350,000 domestic customers and around 500 business customers. This switchover is part of…