LONDON, UK: Tungsten West, the mining Company focussed on recommencing production at the Hemerdon tungsten and tin mine in Devon, England, announced its intention to proceed with an initial public offering (IPO), comprising an institutional placing and subscription. Tungsten West has conditionally raised £39 million before expenses from the offer of 65 million new ordinary…
Pantheon Infrastructure to float shares on London Stock Exchange
LONDON, UK: Pantheon Infrastructure Plc (PINT) intends to launch an initial public offering (IPO) and to admit its Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc’s Main Market. Pantheon Infrastructure Plc (PINT) will target attractive risk-adjusted total returns comprising…
Aptitude Software acquires eSuite provider, MPP Global for £37.1mn
LONDON, UK: Aptitude Software Group, the specialist provider of finance transformation and automation software, has acquired MPP Global Solutions Limited, an international provider of cloud-based subscription management and billing technology (eSuite) for a total enterprise value of £37.1 million. MPP Global’s eSuite platform, focused on the subscription economy, offers a modular, cloud-based, end-to-end SaaS solution…
Sistema to partially sell stake in Segezha Group for $150mn
MOSCOW, RUSSIA: Sistema PJSFC has entered into an agreement to sell certain amount of ordinary shares of PJSC Segezha Group, a leading vertically integrated holding company in the timber industry performing a full cycle of operations from logging to advanced wood processing, to Bonum Capital Ltd for a total price of USD 150 million. The…
Harmony Energy Income Trust plans GBP 230mn IPO on LSE
LONDON, UK: Harmony Energy Income Trust, an externally managed investment company that will invest in UK energy storage assets, intends to undertake an initial public offering (IPO) on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial institutional placing and offer for subscription for a target…
Ross Thompson appointed CEO of People Infrastructure Ltd
SYDNEY, AUSTRALIA: People Infrastructure Ltd today announced the appointment of Ross Thompson as its new Chief Executive Officer (CEO) commencing on 25 October 2021. Mr Thompson joins People Infrastructure from UK listed firm RPS where he was CEO of its Australia Asia Pacific business and prior to that held senior executive roles at ASX 200-listed…
Ampol signs agreement to buy Z Energy at enterprise value of NZ$2.8bn
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…