LONDON, UK: SC Ventures, the innovation and ventures unit of Standard Chartered, and BC Technology Group have partnered to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe, a news release said. BC Group Chief Information Officer Usman Ahmad will be CEO of the new company,…
NOVATEK and Glencore sign Heads of Agreement on LNG Supply
SAINT-PETERSBURG: The Agreement established the key commercial terms for the long-term supply in excess of 0.5 million tons of LNG per annum from the Arctic LNG 2 project. The LNG will be delivered to a number of locations in East Asia. “The market for LNG in the Asia Pacific region has fully recovered from the…
CEO Arise AB Daniel Johansson resigns
STOCKHOLM, SWEDEN: Daniel Johansson has notified the board of directors of his intention to resign as CEO of Arise AB (publ.), a news release said. He will remain available to the company for six months. Daniel Johansson has been CEO of Arise since January 2016. The process of recruiting a successor will begin immediately to…
Fix Price opens its 4,500th store
MOSCOW, RUSSIA: Fix Price, the largest variety value retail chain in Russia and one of the leading variety value retailers in the world, announced the opening of its 4,500th store. Over the first five months of 2021, the Company opened 333 retail outlets, including the first Fix Price stores in the towns of Gubkinsky (Yamalo-Nenets…
NOVATEK and Zhejiang Energy Sign Heads of Agreement on LNG Supply
SAINT-PETERSBURG, RUSSIA: NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project. The Agreement builds on the MOU signed by the parties in October 2019 and…
Pakistan’s oil products sales grow by 14 percent
Total OMC sales grew by 14% YoY to 1,692kT during May21, aided largely by increased off-take in all three major categories. The OMC sector continued to maintain its elevated levels during the month, reflecting the prevalent recovery and high economic activity. MS Sales grow by 13% YoY in 11MFY21: MS sales benefitted from high vehicle…
NOTE acquires British company iPRO for an initial price of GBP 7.0 million
STOCKHOLM, SWEDEN: NOTE AB has acquired all shares in UK based iPRO Holdings Ltd, a news release said. The purchase price initially amounts to GBP 7.0 million on a debt-free basis and may be increased by an additional purchase price of a maximum of GBP 2.3 million. In terms of the company’s development over the…
Belvoir Group to acquire Nottingham Mortgage Services for £0.6 million
LONDON, UK: Belvoir Group PLC has exchanged contracts to acquire the entire issued share capital of Nottingham Mortgage Services Limited (NMS), a wholly owned subsidiary of the Nottingham Building Society for a total consideration of £600,000 satisfied in cash from existing cash resources. Completion will take place on 31 July 2021 and the Acquisition is…
Brickability Group to acquire Taylor Maxwell Group for £63 million
LONDON, UK: Brickability Group plc announced the conditional acquisition of Taylor Maxwell Group (2017) Limited, one of the UK’s leading suppliers of timber and non-combustible cladding to the construction industry, for a consideration of up to £63 million. In order to finance the Acquisition and to help fund future bolt-on acquisitions, the Company has conditionally…
Airtel Africa sells tower portfolio belonging to Airtel Tanzania for $175 million
LONDON, UK: Airtel Africa announced the sale of the tower portfolio belonging to Airtel Tanzania to a joint venture company owned by a wholly-owned subsidiary of SBA Communications Corporation, a leading global independent owner and operator of wireless communications infrastructure, as majority owner, and by Paradigm Infrastructure Limited, a UK company focused on developing, owning…
Water Intelligence announces acquisition of ALD franchise and PlumbRight Services
LONDON, UK: Water Intelligence plc announced reacquisition of its American Leak Detection (ALD) franchise in Reno, Nevada and acquisition of PlumbRight Services Inc., a Kentucky corporation. The Group continues to build on its exceptional growth momentum. Both acquisitions are immediately accretive and will contribute to sales and profit growth for 2H and beyond. In both…
UK Residential REIT announces £150 million IPO on London Stock Exchange
LONDON, UK: The UK Residential REIT (URES) announced its intention to proceed with an initial public offering (IPO) of new Ordinary Shares and to apply for the admission of its shares to the premium listing segment of the Official List of the FCA and to trading on the Main Market for listed securities of the…