VANCOUVER, BC: Element79 Gold Corp. has signed a binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding shares in Plutus Gold Corp., which holds the option to acquire the Snowbird High-Grade Gold Project. The Snowbird High-Grade Gold Project consists of 2,726 hectares across ten mineral claims located in Central British Columbia…
Bank Alfalah posts growth in deposits and consumer lending
KARACHI, PAKISTAN: Board of Directors of Bank Alfalah Limited in its meeting held on August 25, 2021, approved the Bank’s unaudited condensed interim financial statements for the half year ended June 30, 2021. The first half of 2021 has been a period of remarkable growth for the Bank. Profit after taxation increased by 24.2% and…
Sudatel Group launches 4G service in Mauritania
ABU DHABI, UAE: Sudatel Telecom Group, through its operator (Chinguitel ), launched the mobile 4G services in the Mauritanian capital, Nouakchott along with six other regions of Mauritanian states. This move coincides with the celebrations of 15th anniversary of Chinguitel in the Mauritanian market. As part of its strategy, Sudatel aims to modernize its infrastructure…
IoT satellite company Astrocast lists on Euronext Growth
LAUSANNE, SWITZERLAND: Astrocast SA, a leading Swiss IoT focused nano satellite company floated its shares on the Euronext Growth market in Oslo. The listing marks the first chance for investors to acquire shares in an Internet of Things (IoT) dedicated satellite constellation in a public market. “Astrocast is recognised as one of the pioneers, and one…
SalMar aquires 45% ownership in Refsnes Laks
OSLO, NORWAY: SalMar has entered into an agreement to acquire 45% ownership in Refsnes Laks AS through a combination of share purchase and private placement. The purchase price for the transaction is NOK 665 million. Refsnes Laks AS currently has four licenses for production of Atlantic salmon and a time limited viewing license in Central Norway,…
Engro to invest Rs21.5bn in its telecom infrastructure business
KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO), has announced that it would enhance its total equity investment in the Telecom Infrastructure vertical to PKR 21.5 billion. Engro has also formed a dedicated platform for connectivity and telecom infrastructure related initiatives by the name of Engro Connect (Pvt.) Limited (EConnect). EConnect is a wholly owned…
Julian Treger to leave Anglo Pacific Group
LONDON, UK: Anglo Pacific Group announced that Julian Treger has indicated that he wishes to step down from his role as Chief Executive Officer (CEO) in due course after eight years in the role. Mr Treger will remain as CEO, leading the team and the Group’s strategic objectives as normal until 31 March 2022, thus…
Avation PLC sells Airbus A220 Aircraft
LONDON, UK: Avation PLC, the commercial passenger aircraft leasing company, entered into an agreement for the sale, at a price that realises a gain, of an Airbus A220-300 aircraft with manufacturer serial number 55034. The aircraft is currently on lease to Latvian carrier airBaltic and is one of six aircraft which Avation currently owns and…
Fjordkraft acquires Skymobil’s mobile customer portfolio
OSLO, NORWAY: Fjordkraft has signed an agreement with Skymobil AS regarding the acquisition of their mobile customer portfolio. “Fjordkraft has been a challenger in the Norwegian telecom duopoly since entering the market four years ago, and this was an opportunity we could not pass on,” says Christian Kalvenes, EVP Consumer in Fjordkraft. Skymobil AS was…
Velocys technology selected for Japanese e-fuels project
LONDON, UK: Velocys plc announced its Fischer Tropsch (FT) technology has been selected for an e-fuels project by Toyo Engineering Corporation (TOYO) and its consortium of six leading Japanese companies. E-fuels are a promising set of sustainable fuels synthesised from hydrogen that is generated with renewable power and carbon dioxide that is captured from existing…
Ediston Property acquires Springkerse Retail Park, Stirling
LONDON, UK: Ediston Property Investment Company has acquired Springkerse Retail Park, Stirling, for £21.85 million, in an ‘off market’ transaction. The price reflects an initial yield of 9.54%. The retail park was purchased from clients of LaSalle Investment Management. Stirling is in central Scotland, 26 miles from Glasgow and 35 miles from Edinburgh. The Stirling…
Ancala and Fiera Consortium acquires Augean Plc for £341.2mn
LONDON, UK: Eleia Limited has agreed to purchase all shares of Augean Plc at the rate of 325 pence/share, valuing the entire issued and to be issued ordinary share capital of Augean at approximately £341.2 million. Eleia Limited (Bidco), a special purpose vehicle is formed by investment funds managed by Ancala Partners LLP and investment…