STAVANGER, NORWAY: Norsk Solar AS has signed a joint development agreement to build a solar power plant in North Macedonia, paving way for a new sustainable business model in the country and an increased project pipeline for Norsk Solar AS in the region. “We have been actively working in the Balkan-region for years, and now…
VCL Vintners forecast CAGR of over 5.0 percent in whisky sales through to 2023
LONDON, UK: VCL Vintners has reported unprecedented demand from Asian investors as the boom in spirits continues to match growth in disposable incomes. VCL Vintners is London’s destination brokerage for investment in fine Scotch whisky casks. The appetite for whisky in Singapore in particular has been rapidly growing, as was documented by a report in…
SBB sells its shares in Entra ASA to Castellum for NOK 3.139 billion
OSLO, NORWAY: Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) has divested 14.947 million shares in Entra ASA at a price of NOK 210 per share to Castellum, corresponding to NOK 3.14 billion. The sale represents approximately 10% return during the time of the holding, corresponding to an annual return of 20%. SBB has also decided to…
Online grocery startup GrocerApp raises $5.2 million in Series A funding
KARACHI, PAKISTAN: Online grocery delivery platform, GrocerApp, has raised $5.2 million in a Series-A round from leading institutional and angel investors. The round was led by Hayaat Global, with participation from Millville Opportunities Fund New York, MENA based Wamda Capital, Jabbar internet group & Nama Ventures, China based Haitou Global, and Pakistan-based LeanBricks and Walled…
Block Energy and Baker Hughes sign agreement to deploy energy efficient technologies
LONDON, UK: Block Energy plc has signed an MoU with Baker Hughes, a global energy technology company. The MoU envisages multiple service awards for advanced oil and gas technology across a production-led, multi-well drilling programme. The initial project will drill a horizontal well targeting a recoverable volume estimated to be 2.1 MMboe at the WR-BA…
Apollon Formularies secures cancer treatment facility in Jamaica
LONDON, UK: Apollon Formularies plc, a fully licensed medical cannabis company with its operations in Jamaica, announced that Apollon Formularies Jamaica has signed a long-term lease for its first International Cancer Institute in the Jamaican capital, Kingston. The new facility will specialise in Complementary and Alternative Medical treatments (“CAM”), for cancer patients. These treatments will…
Elisa Markula appointed President and CEO of Oriola Corporation
HELSINKI, FINLAND: Oriola’s Board of Directors has appointed Elisa Markula as Oriola Corporation’s President and CEO. Elisa Markula will join Oriola from Tikkurila Group where she has been working since 2018 as President and CEO. She will start in her new position during the autumn 2021 on a date to be confirmed later. “Oriola’s performance…
Mode Global partners with THG plc for payments launch
LONDON, UK: Mode Global Holdings has signed an MoU with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally, which will see THG brands offering Mode as an additional payment option for customers. Through this partnership, Mode will leverage the power of Bitcoin and Open Banking to bring an innovative…
Apax X Fund to acquire a majority ownership stake in Infogain
LONDON, UK: Apax X Fund, in which AGA is a limited partner, has signed a definitive agreement to acquire a majority ownership stake in Infogain, a Silicon Valley-based leader in digital platforms and software engineering services. The transaction is expected to close in Q3 2021, subject to customary closing conditions. On a look through basis,…
SulNOx Group signs collaboration agreement with The Hythe Group
LONDON, UK: The board of directors of SulNOx Group announced a collaboration agreement with The Hythe Group, a UK-based group specialising in the provision of premium mechanical, building, design and engineering services. This far-reaching arrangement is to bring together the unique environmental science of SulNOx and the maritime engineering skills of Hythe Marine Services (a…
Scirocco plans investment into Energy Acquisitions Group and entrance into biogas market
LONDON, UK: Scirocco Energy announced proposed investment into Energy Acquisitions Group Ltd (EAG), a specialist acquisition and operating vehicle in the sustainable energy sector. This investment of £1.2 million will be funded from current cash resources and signals the Company’s first investment as part of the Company’s revised strategy that targets opportunities within the energy…
Titan Wealth Holdings to acquire Tavistock Wealth Limited for £40 million in cash
LONDON, UK: Tavistock Investments Plc has entered a 10-year strategic partnership with Titan Wealth Holdings Limited (Titan). In addition, as a part of the arrangements Titan has agreed to acquire Tavistock Wealth Limited (TWL), Tavistock’s multi-asset manager with over £1 billion of funds under management (FUM), for a consideration of up to £40 million in…