LUXEMBOURG: Majorel Group Luxembourg S.A. has signed a contract to acquire Turkey based Mayen Telekomünikasyon Hizmetleri A.Ş., a news release said. The purchase price and revenue contribution is a double digit million Euro amount. The parties agreed non-disclosure of the specific details of the transaction. Majorel Group Luxembourg S.A. is a leading global provider of…
Zephyr Energy acquires 163 producing wells in USA for $36mn
LONDON, UK: Zephyr Energy plc (LON: ZPHR) has entered into a binding agreement to acquire further non-operated working interests in currently producing and near-term production wells in the Williston Basin, North Dakota, USA. The Directors of Zephyr believe that the Assets will be an ideal addition to Zephyr’s existing asset portfolio and that the cashflows…
Zwipe partners with NetPS to bring Biometric Payment Cards to Africa and Middle East
OSLO, NORWAY: Zwipe and NetPS, part of dzcard Group and one of the main Moroccan Smart Card Personalization Bureaus, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and the Middle East. As part of this collaboration, both companies will work closely to promote the innovative Zwipe Pay ONE…
Schroder Real Estate announces £20mn of industrial portfolio acquisition
LONDON, UK: Schroder Real Estate Investment Trust, the actively managed UK-focused REIT, announces the acquisition of a portfolio of four industrial assets in the north west of England. The purchase price of £19.85 million reflects a net initial yield of 6.9% and a capital value of £53 per sq ft. Valley Road Industrial Estate, Birkenhead…
Ørsted acquires 302MW Lincoln Land Wind in Illinois
OSLO, NORWAY: Ørsted has acquired Lincoln Land Wind, a 302 MW onshore wind farm in Morgan County, Illinois, from funds managed by Ares Management Corporation’s Infrastructure and Power strategy (Ares). Lincoln Land Wind is fully contracted via power purchase agreements (PPAs) with Meta, formerly the Facebook company, and McDonald’s Corporation (‘McDonald’s’). Lincoln Land Wind reached…
VINCI Construction to acquire Northern Group of Companies
PARIS, FRANCE: VINCI Construction has signed an agreement to acquire the construction companies of the family-run Northern Group of Companies. These companies operate in roadworks, asphalt mixes and aggregates production in the provinces of New Brunswick and Nova Scotia, on Canada’s eastern coast. They have around 500 employees at peak season and generated C$93 million…
Americo Lemos appointed CEO at IQE Plc
LONDON, UK: IQE plc (LON: IQE), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announced the appointment of Americo Lemos as Chief Executive Officer (CEO), starting on 10 January 2022. The Board’s decision to appoint Americo Lemos follows an extensive and rigorous search process led by…
BHP and Woodside Petroleum agree to merger
LONDON, UK: BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) have today signed a binding share sale agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside. Woodside will acquire the entire share capital of BHP Petroleum International Pty Ltd (BHP Petroleum) in exchange for new Woodside shares. The signing of the…
Nightcap Plc acquires Barrio Familia for £4.935 million
LONDON, UK: Nightcap Plc (LON: NGHT) has acquired the entire issued share capital of Barrio Familia Ltd and its subsidiaries, a news release noted. As a result of the Acquisition, the board of Nightcap expects that the Group’s results for the 53 weeks ending 3 July 2022 will be significantly ahead of current market expectations….
Zenith acquires Canadian North Africa Oil & Gas Ltd. for $1.65mn
LONDON, UK: Zenith Energy (LON: ZEN) announced that Zenith Overseas Assets Holdings, its fully owned subsidiary, has entered into a share purchase agreement for the acquisition of a 100 percent interest in the issued, allotted, outstanding and fully paid-up share capital of Canadian North Africa Oil & Gas Ltd. (CNAOG) (previously named CNPC International (Tunisia)…
Thuraya enters broadband products distribution deal with SATCOM
ABU DHABI, UAE: Thuraya Telecommunications Company has entered into a long-term agreement with Cobham SATCOM, for the distribution of next generation broadband products for land, aeronautical and maritime users. Thuraya is a subsidiary of Yashat. This agreement further builds on Yahsat’s existing partnership with Cobham and marks an important milestone in the roll out of…
ADNOC Distribution launches next generation retail experience
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel convenience retailer, is the first fuel retailer in the Middle East to launch the next generation retail experience, a fully autonomous and contactless and cashier-less ADNOC Oasis store. It offers new, state-of-the-art cashless and contactless payment system and an AI technology enhanced shopping environment. Busy customers…