OSLO, NORWAY: Grieg Seafood ASA confirms that the company is in discussions with a third party regarding a potential sale of Grieg Seafood Hjaltland UK Ltd., the parent company of Grieg Seafood’s Shetland business. The discussions are ongoing. Grieg Seafood ASA will not make any further statements either before a definitive agreement is reached or…
PTCL signs Huawei for transformation of its IP Edge & Optical Transport Network
KARACHI: Pakistan Telecommunication Company Limited (PTCL), has signed strategic contracts with Huawei Technologies Pakistan for the transformation of its IP Edge and Optical Transport Network (OTN). Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone and Mark Meng, CEO, Huawei Technologies Pakistan, signed the contract during a ceremony held at PTCL HQ, Islamabad. Jafar…
Rua Bioscience eyes slice of $2.5 billion cannabis testing industry
AUCKLAND, NEW ZEALAND: Rua Bioscience (NZX: RUA) and the University of Waikato have announced a ground-breaking, two-year research programme to investigate the application of hyperspectral technology to the cultivation and assessment of medicinal cannabis, paving the way for Rua to enter New Zealand’s booming agritech sector. Primarily driven by global demand for medicinal cannabis, commentators…
Probiotec Limited acquisition H&H Packaging for $4.0 million
SYDNEY, AUSTRALIA: Probiotec Limited has agreed terms to acquire the assets and business of H&H Packaging (H&H) for total cash proceeds of up to $4 million. H&H is a Sydney-based contract packer and manufacturer with a 30-year operating history. The acquisition of H&H will deliver new customers to the Probiotec Group including exciting opportunities to…
Air Liquide to build a state-of-the-art gases plant in China with investment of EUR 70 million
PARIS, FRANCE: Air Liquide will invest around 70 million euros to build a state-of-the-art gases plant in Wuhan, Central China, to supply a major memory chipmaker.Air Liquide has been producing ultra-pure industrial gases for this leading Chinese high-tech company for more than 12 years. Air Liquide will build, own and operate this ultra-high purity industrial…
Orkla ASA acquires New York Pizza at an enterprise value of EUR 145 million
OSLO, NORWAY: Orkla ASA has entered into an agreement to purchase 75% of the shares in New York Pizza, one of the leading pizza chains in the Netherlands. Last year, New York Pizza sold 11.5 million pizzas and had total turnover of EUR 54.7 million (including dough manufacturing turnover), equivalent to approximately NOK 555 million….
Bank Norwegian CEO Tine Wollebekk resigns
OSLO, NORWAY: The Board of Directors of Norwegian Finans Holding ASA (Norwegian Finans Holding, OSE: NOFI) today announced that CEO Tine Wollebekk has handed in her resignation to assume a new position. “Tine has during her four-year tenure led the continued growth of the company, leaving a strong Bank Norwegian with a leading market position…
PropTech Group agrees to acquire Eagle Software for $7.5 million
SYDNEY, AUSTRALIA: PropTech Group Limited has agreed to acquire Eagle Software Pty Ltd, an innovative and modern real estate CRM, website and marketing solution provider focused on independent, boutique and small multi-office real estate agencies. Eagle Software will be acquired on a cash and debt free basis for $7.5 million in upfront cash and scrip…
Alliance Aviation acquires an additional two E190 aircraft
SYDNEY, AUSTRALIA: Alliance Aviation Services has entered into a binding agreement to purchase two additional E190 aircraft which will take the total committed fleet to 32. These aircraft have previously been operated by Helvetic Airways in Switzerland and both aircraft have recently undertaken full base maintenance checks. As a result of the maintenance status of…
Green Lithium secures £1.6 million in seed round funding
LONDON, UK: Green Lithium, the mineral processing company, has secured £1.6 million in seed round funding as it progresses plans to build and operate the UK’s first large-scale commercial lithium refinery. The seed round attracted funding from a range of high-net-worth individual investors, closing at more than five times the initial target amount. This comes…
AIB Group plc confirms acquisition of €4.2 billion Ulster Bank corporate and commercial loans
LONDON, UK: AIB Group plc confirms that Allied Irish Banks, p.l.c.1 has today entered into a binding agreement with NatWest Holdings Limited and Ulster Bank Ireland DAC for the acquisition of c. €4.2 billion of performing Ulster Bank corporate and commercial loans. This agreement has been reached further to the Memorandum of Understanding that was…
DX Group launches new express depot in Middlesbrough
LONDON, UK: DX Group has launched a new depot in Middlesbrough, continuing its expansion strategy. DX Group is a leading provider of delivery solutions including parcel freight, secure, courier and logistics services. The new depot, located in Riverside Park Industrial Park, replaces a smaller site in Hartlepool, and will become the centre of operations in…