SYDNEY, AUSTRALIA: Bisalloy Steel Group Limited announced that Mr Michael Gundy (currently Non-Executive Director) will take on the role of Interim CEO & MD when the current CEO & MD Mr Glenn Cooper leaves the organization at the end of December. Mr Gundy has a long career in the steel industry including the leadership of…
Millicom to acquire full control of Tigo Guatemala for $2.2bn
LUXEMBOURG; Millicom has signed an agreement to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala (collectively, “Tigo Guatemala”) from partner for $2.2 billion in cash. The transaction was signed today and is expected to close later today. As a result, Millicom will own a 100% equity interest in Tigo Guatemala….
Hurdles in digital learning due to capacity deficiency
A global report published by Oxford University Press states that limited digital capabilities act as a major problem just like limited access to technology. Around 68% of teachers think less digital access (Internet or physical access to a device) is the biggest obstacle to digital learning.Another major issue is lack of digital skills. According to…
ENGIE and Crédit Agricole acquire 97.33% stake in Eolia Renovables
PARIS, FRANCE: ENGIE and Crédit Agricole Assurances have reached an agreement to acquire a 97.33% stake of Eolia Renovables, one of the largest renewable power producers in Spain. The seller is Canadian institutional investment manager, Alberta Investment Management Corporation. The transaction covers the ownership and operation of 899 MW of operating assets (821 MW onshore…
Ørsted and BASF sign a 25-year power purchase agreement in Germany
FRANKFURT, GERMANY: BASF and Ørsted have concluded a 25-year fixed-price corporate power purchase agreement (CPPA), under which BASF will offtake the output of 186 megawatts from Ørsted’s planned Borkum Riffgrund 3 Offshore Wind Farm in the German North Sea. The offshore wind farm will have a total installed capacity of 900 megawatts and go into…
Backblaze prices IPO at $16/share to raise $100 million
LONDON, UK: Backblaze Inc., a leading cloud storage platform has priced its initial public offering of 6.25 million shares of its Class A common stock at a price to the public of $16 per share, for gross proceeds to Backblaze of $100 before underwriting discounts, commissions, and offering expenses payable by Backblaze. Backblaze’s Class A…
Hafnia Limited acquires CTI, takes control of 32 IMO II tankers
SINGAPORE: Hafnia Limited has entered into a share purchase agreement to acquire all outstanding shares in Chemical Tankers Inc (CTI), thereby taking over control of CTI’s fleet of 32 modern and fuel-efficient IMO II product/chemical tankers. The CTI fleet consists exclusively of high specification ECO design vessels, constructed at leading shipyards. In exchange for all…
Audioboom launches global podcast advertising marketplace
LONDON, UK: Audioboom, the leading global podcast company, announced the launch of SHOWCASE, a global advertising marketplace. SHOWCASE connects buyers and sellers of podcast advertising inventory through Audioboom’s technology platform. At launch, more than 250 million advertising impressions will be made available to buyers each month. For podcasters, the marketplace offers a “plug and play”…
Liam Condon appointed new CEO of Johnson Matthey Plc
LONDON, UK: Johnson Matthey Plc announced that Robert MacLeod has advised the Board of his intention to retire as Chief Executive, and is pleased to announce that Liam Condon will succeed him. After nearly eight years as Chief Executive, Robert will step down from that role and from the Board on 28th February 2022 but…
Avation Plc sells Airbus A321 Aircraft
LONDON, UK: Avation PLC , the commercial passenger aircraft leasing company, has completed the sale of a 20-year-old Airbus A321-200 aircraft. Executive Chairman Jeff Chatfield said, “Avation has a policy of focusing on new design, young and fuel-efficient aircraft. This A321 was Avation’s oldest aircraft at about 20 years old, and thus was an ideal…
Mode joins PayEscape to launch UK’s first Bitcoin Payroll product
LONDON, UK: Mode Global Holdings announced its partnership with PayEscape, one of the UK’s fastest-growing payroll providers, to pilot the first-ever Bitcoin Payroll product in the UK in conjunction with a supplier. Bitcoin Payroll is a monthly deduction of net pay that is converted into Bitcoin and deposited directly into a user’s Mode Bitcoin wallet….
Saietta buys e-Traction Europe from Evergrande for €2 million
LONDON, UK: Saietta Group announced the acquisition of e-Traction Europe B.V. from the Evergrande New Energy Automotive group. Saietta has acquired 100% of the Netherlands based electric drive train manufacturer e-Traction from the Evergrande New Energy Automotive group for a total consideration of up to €2 million. e-Traction is a designer, manufacturer, and supplier of…