LONDON, UK: Castelnau Group Limited has published a prospectus in connection with an initial public offering (IPO) (shares sale) to admit its shares to the Specialist Fund Segment (SFS) of the London Stock Exchange’s Main Market. Castelnau is targeting an issue in excess of 170 million ordinary shares of no par value at a price…
Innodata wins data analytics contract with world’s leading bank
NEW YORK: Innodata Inc. , a leading data engineering company, has won a contract with one of the world’s largest banks to provide AI-enhanced data feeds and a data analytics platform. Innodata anticipates the five-year contract will result in approximately $2 million per year in subscription revenue during the initial two years and approximately $2.4 million per…
BEWI moves to acquire insulation solutions firm in Benelux
OSLO, NORWAY: BEWI ASA, a leading provider of packaging, components, and insulation solutions, has reached to final negotiations for the acquisition of an insulation company in the Benelux region. As communicated in the company’s report for the second quarter and first half of 2021, growth initiatives remain a high priority in BEWI, and the company…
Nordic Unmanned gets clearance for the acquisition of AirRobot
OSLO, NORWAY: Nordic Unmanned has received all relevant clearances from the German Federal Ministry of Economy and Energy to move forward with the acquisition of AirRobot, a news release said. The acquisition can now be completed and the closing is expected to happen shortly. Consolidation into Nordic Unmanned will happen from the date of closing….
Potential Evergrande fallout to mostly impact China alone
Financial distress at Evergrande has brought jitters in Emerging Market bonds — however, fortunately most of the impacts are limited to Chinese real estate bonds, where contagion from fall-out appears far-fetched. 2021 marks significant regulatory changes in China under the banner of “Common Prosperity Initiative” – targeting companies in Tech space, Real estate, and Education….
Inventia sells $30mn worth of American Depositary Shares
PARIS, FRANCE: Inventiva, a clinical-stage biopharmaceutical company, has completed sales of 2.083 million American Depositary Shares (ADS) pursuant to the company’s ATM program established on August 2, 2021, through Jefferies LLC. Each American Depositary Shares (ADS) represents one ordinary share of the company. In the ATM sales, an aggregate of 2,083,334 new American Depositary Shares…
Hexatronic enters US data center market through DCS acquisition
STOCKHOLM, SWEDEN: Hexatronic Group AB has signed an agreement to acquire 100% of the shares of Data Center Systems (DCS), this entering US data center market. Data Center Systems (DCS) provides end-to-end fiber connectivity solutions to the US data center market. DCS is expected to generate an EBITDA of approximately USD 3 million in 2021….
Kromec Group gets nuclear security contract from US federal entity
LONDON, UK: Kromek Group has received a contract worth up to $1.6m from a US federal entity for the Group’s D3S-ID wearable nuclear radiation detector that is designed to enable first responders, armed forces, border security and other CBRN experts detect radiological threats. The contract will be delivered over two years commencing immediately. The D3S-ID…
PetroNeft to commence export oil sales from October 01
LONDON, UK: PetroNeft Resources, an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, announced that the export oil sales would commence from 1st October, 2021. On 21st September a contract was signed to start exporting oil from Licence 61. Commencing 1st October, export oil sales will be transported to…
The Panoply Holdings changes name to TPXimpact Holdings
LONDON, UK: The Panoply Holdings announced its intention to change its name to TPXimpact Holdings PLC. Both the holding company and all its group businesses will operate under this single brand. The Company’s TIDM will remain “TPX”. Following the change of name, the Company’s website will change to: www.tpximpact.com and this will contain the information required by…
Chill Brands launch Tobacco-Free Nicotine product line
LONDON, UK: Chill Brands Group, the international CBD group, is pleased to announce the launch of an innovative new range of Tobacco-Free Nicotine (TFN) flavour pouches. Group has developed a new line of tobacco-free nicotine flavour pouches that is set to launch in the coming months. These innovative new products have been created using Next…
Baines Simmons and Redline secure new aviation safety contracts
LONDON, UK: Air Partner Plc, the global aviation services group, is seeing momentum build in its aviation safety & security division, with both Baines Simmons and Redline continuing to secure new business wins. Aviation safety and fatigue risk management consultancy Baines Simmons has been awarded a contract by Caledonian MacBrayne (CalMac), the UK’s largest ferry…