KARACHI: Archroma Pakistan has declared force majeure effective Thursday due to inability to manufacture and supply goods as the company’s raw material supply lines have choked. “Archroma’s raw materials and petrochemicals supplies coming from China are getting adversely affected by the ongoing ‘energy consumption controlling measures’ and ‘environmental checks’, coupled with disrupted global supply chain…
Fertiglobe partners with Scatec and TSFE to develop green ammonia project in Egypt
AMSTERDAM, NETHERLANDS: Fertiglobe, the partnership between OCI N.V. and Abu Dhabi National Oil Company (ADNOC), has entered into an agreement with Scatec ASA and TSFE to jointly develop a 50-100 MW electrolyzer facility to produce green hydrogen as feedstock for green ammonia production. The facility will be located near Fertiglobe’s subsidiary EBIC in Ain Sokhna…
ZOO Digital launches mastering services division
LONDON, UK: ZOO Digital Group, the leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, announced the launch of its mastering services division to support leading content creators to deliver for next day air on major streaming services and platforms. The mastering services division provides an additional revenue source for…
DGL Group acquires AUSblue Group
AUCKLAND, NEW ZEALAND: DGL Group Limited announced the strategic acquisition of the AUSblue Group. The acquisition price consists of a cash payment of $2.2 million; and the issue of 4,539,470 fully paid ordinary shares in the capital of DGL. AUSblue is a market leader in the manufacturing and distribution of AdBlue, a diesel exhaust fluid…
Stelrad Group confirms IPO on London Stock Exchange
LONDON, UK: Stelrad Group has confirmed its intention to proceed with an initial public offering and certain details of the Offer. The final offer price in respect of the offer will be determined following a book-building process, with Admission currently expected to occur in early November 2021. Trevor Harvey, Chief Executive of Stelrad, commented: “The…
Aker Solutions, DeepOcean and Solstad Offshore create Windstaller Alliance
OSLO, NORWAY: International offshore energy suppliers Aker Solutions, DeepOcean and Solstad Offshore have joined forces to create Windstaller Alliance. The new partnership aims to provide the world’s most cost-efficient and complete product supply, fabrication and marine services offering within offshore wind. The alliance will also pursue other offshore renewables segments. Windstaller Alliance will combine the…
Grainger agrees a major £141m forward funding acquisition in West London
LONDON, UK: Grainger plc has exchanged conditional contracts to forward fund and acquire Merrick Place, a 401-home build-to-rent development scheme in Southall, West London, for £141m. Proceeds from Grainger’s recent successful equity placing will help enable this acquisition. In addition to the 401 PRS homes at Merrick Place, 18,116 sq ft of office space, 3,541…
Kosmos Energy acquires additional Ghana interests from OXY for $550mn
DALLAS, TEXAS: Kosmos Energy has acquired an additional 18% interest in the Jubilee field and an additional 11% interest in the TEN fields in Ghana from Occidental Petroleum (OXY) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to Occidental Petroleum (OXY) at completion was approximately $460…
TechnipFMC acquires Victrex’s equity interest in Magma Global Limited
LONDON, UK: Victrex plc, an innovative world leader in high performance polymer solutions, delivering sustainable products which support CO2 reduction and bring environmental and societal benefit, today notes the announcement made by TechnipFMC, in relation to its purchase of the outstanding issued share capital in Magma Global Limited, to complete the full acquisition of Magma….
Ideagen sells compliance software business for $21.3 million
LONDON, UK: Ideagen Plc, a leader in compliance software for highly regulated industries, has signed an agreement to sell the trade and principal assets of its Pentana Compliance business unit (formerly known as Redland Business Solutions) to StarCompliance, a leading provider of employee compliance technology solutions to the global financial services industry. Pentana Compliance provides…
Yooma Wellness acquires U.S. based N8 Essentials
TORONTO, CANADA: Yooma Wellness Inc. has acquired N8 Essentials, a U.S. based manufacturer and seller of wellness products that incorporate CBD, cannabinoids and other functional ingredients. The acquisition was completed through Yooma’s wholly-owned subsidiary, Socati Corp., and adds N8’s 14,000 square foot manufacturing facility in Kansas to Socati’s existing 22,000 square foot facility in Montana,…
Rubix Group plans €850 million IPO on London Stock Exchange
LONDON, UK: Rubix Group is considering an initial public offering (IPO) on the main market of the London Stock Exchange. Rubix Group IPO will comprise new ordinary shares to be issued by the company raising proceeds equivalent to approximately €850 million, and additionally may also include the sale of existing ordinary shares by current shareholders….