BEZONS, FRANCE: Worldline SA signed a bidding agreement for the acquisition of 92.5% of the share capital of Cardlink, the leading Network Services Provider in Greece, at an enterprise value of €155 million, a news release said. Gilles Grapinet, Worldline’s Chairman and CEO, said: “The acquisition of Cardlink is a significant development in our Group…
Bestway Cement to setup Greenfield cement plant in Punjab
KARACHI, PAKISTAN: Bestway Cement Limited has announced to setup a Greenfield cement plant with a capacity of 7,200 tons of clinker per day in Punjab province along with 9MW waste heat recovery plant. Bestway Cement has entered into an agreement with Sinoma International Engineering Company of China for engineering, procurement and construction (EPC). “In view…
Engro Polymer to setup R&D think-tank for plastic waste management
KARACHI: Engro Polymer and Chemicals Limited (EPCL) plans to establish a Circular Plastics Institute (CPI), a not-for-profit think-tank, to promote research and development in Pakistan’s circular plastics economy, a news release said. Pakistan faces the pervasive problem of plastic pollution as the country generated 3.9 million tons of plastic waste in 2020, and it has…
Singtel’s subsidiary Optus Satellite incorporates subsidiary in Australia
SINGAPORE: Singtel’s wholly owned subsidiary, Optus Satellite Pty Limited has incorporated a wholly owned subsidiary in Australia known as Optus Space Systems Pty Limited. Optus Space has an issued and paid-up capital of A$2 and its principal activity is provision of satellite telecommunications services. The directors of Optus Space are Kevin Kilraine and Benjamin White….
Aker Horizons CEO Kristian Røkke appointed Chairman of Mainstream Renewable Power
OSLO, NORWAY: Kristian Røkke has been appointed Chairman of the Board of Mainstream Renewable Power, succeeding Dr O’Connor, who is leaving the Board. Mr. Røkke is CEO of Aker Horizons AS. “On behalf of the Board, I wish to thank Eddie for his unwavering commitment and dedication to fulfilling his vision of a world electrified…
Hopium to unveil first rolling prototype of Hopium Machina hydrogen car
PARIS, FRANCE: Hopium, the French hydrogen car manufacturer, will unveil, on June 17th in Paris, the first rolling prototype of its Hopium Machina model, simultaneously with the launch of the 2021 edition of the VivaTech trade fair, a news release said. As anticipated, this presentation constitutes an essential milestone in Hopium’s roadmap, which aims to…
Alstom to supply 32 Coradia Continental regional trains to Hessische Landesbahn for €200 million
PARIS, FRANCE: Alstom has received an order from Hessische Landesbahn GmbH (HLB) to supply 32 Coradia Continental electric multiple units. The order is divided into a total of twelve 4-unit and 20 5-unit trains and has a total value of around €200 million. The trains will be deployed on the Central Hesse subnetwork operated by…
Tritax EuroBox announces EUR 500 million debut green bond issuance
LONDON, UK: Tritax EuroBox plc announced the pricing of €500 million of senior unsecured green bonds maturing on 2 June 2026. The 2026 Notes were significantly oversubscribed, having generated substantial institutional demand following a series of fixed income investor meetings. The 2026 Notes will have a tenor of five years and an annual coupon of…
Íslandsbanki hf to proceed with IPO on Nasdaq Iceland
REYKJAVÍK, ICELAND: Bankasýsla ríkisins (Icelandic State Financial Investments, “ISFI”), on behalf of the Treasury of Iceland, and Íslandsbanki hf., confirmed their intention to proceed with the next step towards an Initial Public Offering (IPO) and listing of shares in Íslandsbanki on Nasdaq Iceland. The intended IPO will consist of a secondary offering of shares in…
Philippe Kavafyan appointed CEO of Aker Offshore Wind
OSLO, NORWAY: Philippe Kavafyan has been appointed Chief Executive Officer of Aker Offshore Wind to deploy his vast experience from the wind industry to accelerate the deepwater wind developer’s growth ambitions across projects in Asia, Europe and North America, a news release said. Kavafyan’s career spans more than 30 years, including over 15 years in…
Elopak AS plans EUR 50 million IPO on the Oslo Stock Exchange
OSLO, NORWAY: Elopak AS announced its intention to launch an initial public offering of its shares and to apply for a listing on the Oslo Stock Exchange. The Board of Directors, along with Ferd, who founded and have owned Elopak for 64 years, believe that a listing of the Company’s shares on the Oslo Stock…
Lectra gets regulatory approvals for Gerber Technology acquisition project
PARIS, FRANCE: Following the expiration of the review period by the American regulatory authority, Lectra SA now has all the regulatory approvals required to finalize the acquisition project of Gerber Technology, a news release said. The shareholders will be invited to vote on the resolutions related to the transaction at the June 1, 2021 Shareholders’…