MOSCOW, RUSSIA: Metalloinvest Finance Designated Activity Company (IRSH), a leading global iron ore and HBI producer and supplier, announced that Standard & Poor’s Ratings Services (S&P) has improved the company’s outlook to positive from stable, affirming a ‘BB+’ long-term corporate credit rating. According to a statement published by S&P, Metalloinvest’s outlook revision to positive reflects…
Afarak Group sells Ilitha mine assets for Euro 23.8 million
HELSINKI, SWEDEN: The Board of Directors of Afarak Group Plc has approved the arrangement for the sale of Ilitha’s plant, assets and mining right for Euro 23.8 million, a news release said. Ilitha is a South African company which holds the Stellite mine. The buyers are WMA Chrome Mining Property Limited and WMA Minmet Processing…
Oriola Corporation sells its ownership in Doktor.se for SEK 340 million
HELSINKI, FINLAND: Oriola Corporation has decided to sell up to 50% of its approximately 14% ownership share of Doktor.se, a leading Swedish e-health provider. The sales price is approximately SEK 340 million. The profit from the sale will be recognised in other comprehensive income in the consolidated financial statements. Thus, the transaction does not have…
Axfood acquires wholesale business Bergendahls Food, enters partnership with City Gross
STOCKHOLM SWEDEN: Axfood AB has through Dagab Inköp & Logistik AB reached an agreement with Bergendahl & Son AB to acquire 100 percent of Bergendahl Food AB. The acquisition will result in economies of scale, cost synergies, and increased competitiveness. Through increased efficiency, product range and logistics improvements, this also benefits wholesale customers and Sweden’s…
Glen Ole Rødland has resigned as Chair of Axactor SE Board
OSLO, NORWAY: Glen Ole Rødland has resigned as Chair of the Board of Axactor SE with immediate effect, a news release said. “I regret to announce that I have resigned as Chair of the Axactor Board. I have had an exciting time in Axactor. Together with a very competent Board and management, we have further…
Airthings appoints Audhild Andersen Randa as new COO
OSLO, NORWAY: Airthings ASA has appointed Audhild Andersen Randa as Chief Operating Officer. Audhild will join Airthings’ Leadership Team starting August 1st. Audhild is an experienced leader with a strong international, technical, and commercial background. She joins Airthings from Circle K, where she has been leading a team of 230 IT professionals across 9 countries…
Glen Ole Rødland steps down as Chairman of Seadrill Board
HAMILTON, BERMUDA: Seadrill Limited announced that Glen Ole Rødland has notified Seadrill that he will be stepping down from the Board with immediate effect, having been Chairman since November 2019. The Board would like to thank Glen for his leadership and counsel during his tenure as Chairman of Seadrill, and the work he has led…
Me Today Limited acquires King Honey Limited for $36 million
AUCKLAND, NEW ZEALAND: Me Today Limited (NZX: MEE) has agreed to acquire 100% of King Honey Limited from interests associated with Terry Jarvis for total consideration of $36 million, a news release said. King Honey is one of New Zealand’s premium Manuka Honey producers, operating since 2016 with a vision to bring highly skilled beekeepers…
CEO Klaus-Anders Nysteen is leaving Hoist Finance
STOCKHOLM, SWEDEN: Klaus-Anders Nysteen is leaving as CEO of Hoist Finance with immediate effect, a news release said. Hoist Finance Board of Directors have appointed newly elected Board member Per Anders Fasth acting CEO as of May 31, 2021. The Board will start the work to find a permanent solution immediately. “Klaus-Anders has led Hoist…
Onxeo SA forms advisory committee of leading independent experts
PARIS, FRANCE: Onxeo S.A., a clinical-stage biotechnology company specializing in the development of innovative drugs targeting tumor DNA Damage response (DDR) in oncology, announced the formation of a new Scientific Advisory Committee of leading scientific and clinical experts in the fields of DDR, resistance to treatment and more globally, drug development in oncology. The Committee…
Global Health Limited appoints Michael Davies as Chief Executive Officer
SYDNEY, AUSTRALIA: Global Health Limited (ASX: GLH) announced the appointment of Michael Davies as Chief Executive Officer. Mr Davies joins Global Health with an extensive background leading technology adoption, driving sales and go-to-market strategies in the public and private sectors. He has over 20 years of experience across leading organisations including Telstra, Optus and most…
Jon Dugdale appointed CEO of Golden Deeps Limited
SYDNEY, AUSTRALIA: Golden Deeps Limited announced the appointment of Mr Jon Dugdale as CEO, effective Tuesday 1 June, 2021. Jon Dugdale is a very well credentialed geologist and brings over 30 years of experience in the resources sector to Golden Deeps, including a strong track record of discovery, promotion and capital raising. Jon spent the…