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…
Pakistan urea and DAP sales grow by 109% and 108%
During the month of May’21, data for provisional fertilizer offtake show that urea offtake portrayed a significant growth of 109% YoY to 502k tons against 240k tons in SPLY given a low base impact since lockdown was imposed last year, constraining movement nationwide. Pertinently, FFC and FFBL sales witnessed a massive surge of by 82%…
Nordhealth AS completes NOK 400 million acquisition of Aspit AS
ESPOO, FINLAND: Nordhealth AS, a provider of cloud-based Practice Management Software (PMS), has completed the acquisition of 100% of the shares outstanding in Aspit AS for a cash consideration of approximately NOK 400 million to strengthen the Company’s market position and product offering, a news release said. Aspit is a leading supplier of electronic patient…
Sercel launches a seabed nodal solution for shallow waters
PARIS, FRANCE: Sercel announced the launch of GPR300, a new nodal seismic acquisition solution specially designed for deployment in shallow waters down to depths of 300 meters, a news release said. Developed in partnership with BGP, the new solution expands Sercel’s existing GPRNT range which includes GPR1500 for high-end deepwater subsurface imaging. Compact and lightweight,…
EROAD partners with Phillips Connect in North America
AUCKLAND, NEW ZEALAND: EROAD Limited has entered into a strategic partnership with Phillips Connect, a leader in expandable and durable telematics solutions specifically focused on trailer and asset operations, safety and health. This partnership will bring Phillips Connect devices, sensors, dashboards and reporting to EROAD’s customers for advanced trailer and asset monitoring. Phillips Connect solutions…