LONDON, UK: Woodbois Limited announced the appointment of Federico Tonetti to the role of Chief Executive Officer with immediate effect. Paul Dolan, previously Chair and CEO, will assume the position of Executive Chair of the Company, and will remain fully involved in the day to day running of the business and especially its strategic development….
COSOL Limited agrees to acquire Clarita Solutions
BRISBANE, AUSTRALIA: COSOL Limited has executed a Share Purchase Agreement (SPA) to acquire Clarita Solutions Pty Ltd. Upfront consideration for the acquisition consists of $7 million in cash and 7.95 million COSOL shares, with up to a further $3.75 million payable in either cash or an issue of shares by way of earn-out consideration based…
ABEO acquires Belgium-based Eurogym
PARIS, FRANCE: ABEO, a leading global supplier of sports and leisure equipment, has acquired entire share capital of Belgian company Eurogym, which specialises in the distribution of leisure and competition gymnastics equipment. Created 29 years ago, Eurogym was acquired from its founder, Lieven Vercruyssen, who will support ABEO for the time necessary to ensure the…
BHP Group to sell BHP Mitsui Coal for $1.35bn
LONDON, UK: BHP Group signed a deal to sell its stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, to Stanmore Resources for up to $1.35 billion, a news release said. Stanmore, which is majority-owned by Singapore-listed Golden Energy and Resources, agreed to acquire BHP’s 80% stake in BHP Mitsui Coal, which owns…
Bank Alfalah, Adal Fintech collaborate to provide digital lending
ISLAMABAD, PAKISTAN: Bank Alfalah and Adal Fintech have collaborated to offer digital supply chain financing all over Pakistan, a news release noted. The scope of this alliance is to extend digital lending facility to the retailers in coordination with their suppliers. This solution enables the retailer to opt for financing facility on the real-time basis….
Aramex plans diversification, expansion to remain resilient
ABU DHABI, UAE: Aramex, the Emirati multinational logistics company, plans further diversification and strengthen its global network to be resilient to deal with the challenges, such as supply chain disruptions. Othman Aljeda, Group Chief Executive Officer, Aramex, said: “Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and…
CEO Emergy AS, Emma Collins resigns
OSLO, NORWAY: Emergy AS announced the resignation of Chief Executive Officer Emma Collins who has decided to embark in a different direction and pursue other opportunities. The effective date of departure will be Monday 15th of November, 2021. Emma Collins has more than 30 years of experience in the renewable energy industry. On behalf of…
Bouygues SA and Equans Group agree to €7.1 billion merger
PARIS, FRANCE: Bouygues SA and Engie have signed a purchase agreement according to which Bouygues has agreed to acquire all of the Equans group. Based on an enterprise value of €6.7 billion, and given the synergies and strong growth expected in the years ahead, the multiple of enterprise value to 2026 current operating profit is…
Qatar First Bank acquires Ten West Corporate Center One in Houston
DOHA: Qatar First Bank announced the acquisition of Ten West Corporate Center One, a 199,000 square foot Class-A, impeccably-maintained and institutionally-owned office building located in Houston’s Energy Corridor. The property is fully leased to Wood Group Mustang Inc, a subsidiary of the British industrial services firm, John Wood Group, which offers engineering, procurement, and construction…
Melissa Hammerle appointed President of Intelex Technologies
TORONTO, CANADA: Intelex Technologies ULC announced the appointment of Melissa Hammerle to the role of President of the organization. “I’m excited to bring Melissa’s deep continuous improvement experience and leadership to the Intelex team. Melissa will be a key driver as we work to help customers drive EHS and ESG performance to levels previously unimaginable,”…
MBH Corporation to acquire Approved Air Ltd for upto GBP 3.4 million
LONDON, UK: MBH Corporation has agreed to the terms for the acquisition of Approved Air Ltd in the UK, as the most recent step in its extensive acquisition drive. Subject to regulatory approval, Approved Air will be part of MBH’s Engineering vertical business line. With this acquisition and the continued diversification of companies becoming part…
Vitol Bahrain, QP Trading offer LNG to Pakistan at up to $30.65/mmbtu
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on November 02, 2021 for two LNG cargoes. Vitol Bahrain has offered the lowest of $29.89/mmbtu for the November 19-20 delivery, while QP Trading has offered the lowest of $30.65/mmbtu for…