SYDNEY, AUSTRALIA: Ampol Limited has executed a binding Scheme Implementation Agreement to acquire 100% of Z Energy for a cash offer price of NZ$3.78 per share representing acquisition enterprise value of NZ$2.8 billion. Z Energy is the market leader in New Zealand with 40% share of New Zealand fuel sales and a similar business model…
Ipsen appoints Mari Scheiffele as EVP and President, Specialty Care International
PARIS, FRANCE: Ipsen announced the appointment of Mari Scheiffele as EVP and President, Specialty Care International, effective November 1st 2021. Based in Boulogne, France, she will be reporting directly to David Loew, CEO, Ipsen, and serve on the Executive Leadership Team. “Along with the ELT, we are very pleased to welcome Mari to Ipsen. Her…
GIB closes $625mn sustainability-linked syndicated loan
MANAMA, BAHRAIN: Gulf International Bank (GIB) has successfully closed a $625 million sustainability-linked syndicated loan (SLL), making GIB the first Bahrain-headquartered bank and the first majority Saudi-owned bank to close such a facility. The deal was well received in the international markets and substantially over-subscribed with commitments exceeding the initial facility amount of USD 500…
Ali Mohamed Zaid Ali Musmar appointed CEO of Sharjah Group
ABU DHABI, UAE: Sharjah Group Company has appointed Ali Mohamed Zaid Ali Musmar as the new Chief Executive Officer (CEO), a bourse filing said. Ali Mohamed is a professional banker with over 20 year of experience. Sharjah Group Company is a Public Share Holding Co; established in 1976 with the aim of actively participating in…
Yahsat’s mobility business Thuraya secures AED 316mn contracts
ABU DHABI, UAE: Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, announced that its Mobile Satellite Services (MSS) subsidiary, Thuraya Telecommunications Company has secured long-term agreements with a global service provider for a total value in excess of AED 316 million over the next three years. The agreements strengthen the Group’s…
Abu Dhabi National Insurance Company assigned excellent credit ratings
DUBAI, UAE: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” (Excellent) to Abu Dhabi National Insurance Company P.J.S.C. (ADNIC). The outlook assigned to these Credit Ratings is stable. Abu Dhabi National Insurance Company has been assigned a financial strength rating of A (Excellent) and…
Lynch Group acquires Market Flowers Brisbane
SYDNEY, AUSTRALIA: Lynch Group Holdings Limited has completed the acquisition of Queensland-based flower wholesaler company, Market Flowers Brisbane in Rocklea (MFB). Lynch Group is Australia and China’s leading vertically integrated wholesaler and grower of flowers and potted plants. Operating for over 25 years, Market Flowers Brisbane (MFB) supplies the B2B wholesaler to wholesaler market in…
Luis Fernando, CEO of EZZ Life Science, resigns
Sydney, Australia: EZZ Life Science Holdings Limited notified its Chief Executive Officer (CEO) and Executive Director, Mr Luis Fernando Rodriguez Bravo, has tendered his resignation with immediate effect. This means that the termination of Mr Rodriguez’s employment with the Company and his resignation as Executive Director are effective from 8 October 2021. The Board has…
Doug Jones appointed new Group CEO of Metcash Limited
SYDNEY, AUSTRALIA: Metcash Limited notified that Group CEO Jeff Adams has notified the Board of his intention to retire from the role and that Doug Jones, currently CEO and Senior Vice President of South African-based Massmart Wholesale, will succeed him. The appointment of Doug follows completion of a well-managed process, including a thorough global search…
Valoe and ICON to setup solar module manufacturing in Saudi Arabia
HELSINKI, FINLAND: Valoe Oyj and ICON Advanced Co. Ltd, have agreed on establishing a joint venture company in Saudi Arabia. Valoe shall own 40 percent and ICON 60 percent of the joint venture company. The joint venture company is planning to build in Saudi Arabia a Back Contact Solar Module (solar module) manufacturing plant that…
Netcompany to acquire Intrasoft International for EUR 235 mn
COPENHAGEN, DENMARK: Netcompany Group A/S has entered into an agreement with Intracom Technologies – ultimately owned by Athens listed Intracom S.A. Holdings, and certain management shareholders to acquire Intrasoft International S.A., a leading European IT solutions and services group with strong international presence and expertise. Netcompany and Intracom Technologies as well as the management shareholders…
Crescent N.V enters EV charging station market, establishes E+ Drive
LEUVEN, BELGIUM: Crescent N.V, together with several strong partners, establishes E+ Drive and enters the fast-growing market of charge stations. The core of the E+ Drive offering and business model is the Charging Station as a Service concept – providing totally carefree charging station solutions to public authorities and private companies. The charging stations are…