LONDON, UK: Anglo Pacific Group announced that Julian Treger has indicated that he wishes to step down from his role as Chief Executive Officer (CEO) in due course after eight years in the role. Mr Treger will remain as CEO, leading the team and the Group’s strategic objectives as normal until 31 March 2022, thus…
Avation PLC sells Airbus A220 Aircraft
LONDON, UK: Avation PLC, the commercial passenger aircraft leasing company, entered into an agreement for the sale, at a price that realises a gain, of an Airbus A220-300 aircraft with manufacturer serial number 55034. The aircraft is currently on lease to Latvian carrier airBaltic and is one of six aircraft which Avation currently owns and…
Fjordkraft acquires Skymobil’s mobile customer portfolio
OSLO, NORWAY: Fjordkraft has signed an agreement with Skymobil AS regarding the acquisition of their mobile customer portfolio. “Fjordkraft has been a challenger in the Norwegian telecom duopoly since entering the market four years ago, and this was an opportunity we could not pass on,” says Christian Kalvenes, EVP Consumer in Fjordkraft. Skymobil AS was…
Velocys technology selected for Japanese e-fuels project
LONDON, UK: Velocys plc announced its Fischer Tropsch (FT) technology has been selected for an e-fuels project by Toyo Engineering Corporation (TOYO) and its consortium of six leading Japanese companies. E-fuels are a promising set of sustainable fuels synthesised from hydrogen that is generated with renewable power and carbon dioxide that is captured from existing…
Ediston Property acquires Springkerse Retail Park, Stirling
LONDON, UK: Ediston Property Investment Company has acquired Springkerse Retail Park, Stirling, for £21.85 million, in an ‘off market’ transaction. The price reflects an initial yield of 9.54%. The retail park was purchased from clients of LaSalle Investment Management. Stirling is in central Scotland, 26 miles from Glasgow and 35 miles from Edinburgh. The Stirling…
Ancala and Fiera Consortium acquires Augean Plc for £341.2mn
LONDON, UK: Eleia Limited has agreed to purchase all shares of Augean Plc at the rate of 325 pence/share, valuing the entire issued and to be issued ordinary share capital of Augean at approximately £341.2 million. Eleia Limited (Bidco), a special purpose vehicle is formed by investment funds managed by Ancala Partners LLP and investment…
Centrepoint Alliance to purchase ClearView Advice for $15.2mn
SYDNEY, AUSTRALIA: Centrepoint Alliance has agreed to purchase ClearView Financial Advice Pty Ltd, Matrix Planning Solutions Ltd and LaVista Licensee Solutions Pty Ltd (together ClearView Advice) from ClearView Wealth Limited. Combined entity will have significant scale and access to further growth opportunities, with 1,303 advisers (490 licensed and 813 self-licensed), market-leading advice technology (Lumen compliance…
Bravura Solutions appoints Nick Parsons as new CEO
SYDNEY, AUSTRALIA: Bravura Solutions Limited announced Nick Parsons will be appointed as Chief Executive Officer, effective 3 September 2021, as Tony Klim is stepping down from the Chief Executive Officer after a service of 13 years. Departing Chief Executive Officer Mr. Tony Klim said, “It has been a great honour for me to serve Bravura…
Samsung unveils $206 billion expansion plan
SEOUL: Samsung Group will invest 240 trillion won ($206 billion) in the next three years to expand its footprint in biopharmaceuticals, artificial intelligence, semiconductors and robotics, Samsung Electronics said. The investment through 2023 will help strengthen the group’s global standing in key industries such as chip-making, while allowing it to seek growth opportunities in new areas…
Simplifai partners health care solution provider Avans Soma
OSLO, NORWAY: Simplifai has entered into a strategic partnership agreement with the health care solution provider Avans Soma AS making them capable of using AI directly in their patient related solutions. Avans Soma AS has its Headquarter in Dale in Sunnfjord, Norway, with offices also in Bergen and Oslo. The company’s majority owner is Carasent ASA, whose strategy is…
Rio Tinto resumes operations at Richards Bay Minerals
LONDON, UK Rio Tinto has today commenced the process of restarting operations at Richards Bay Minerals (RBM) in South Africa. This follows a stabilisation of the security situation around the mine, supported by the national and provincial government, as well as substantive engagement with host communities and their traditional authorities. Rio Tinto chief executive Minerals…
ADIB launches world’s first Islamic digital proposition for youth
ABU DHABI, UAE: Abu Dhabi Islamic Bank (ADIB) has officially unveiled ‘Amwali’, world’s first Islamic digital proposition targeting youth between the age of 8 to 18, a news release said. Amwali is a ground-breaking proposition that brings together an entire suite of banking products and innovative technology to enable young customers to enjoy a whole…