MUURAME, FINLAND: Harvia Plc has acquired Kirami Oy, a leading Finnish still water hot tub manufacturer and pioneer in wood-heated hot tubs globally, a news release said. The purchase price is EUR 7 million at closing and on top of this, a delayed purchase price of EUR 0–4 million after a three years’ period based…
Oilex Ltd completes sale of Bhandut Production Sharing Contract
SYDNEY, AUSTRALIA: Oilex Ltd advised that the sale of its 40% participating interest (PI) in the Bhandut Production Sharing Contract (Bhandut PSC) has now completed following the receipt of US$290,000 from the buyer. An additional payment of US$28,000 is expected for final cash calls related to Oilex’s interest in the Bhandut PSC. On 28 January…
GSTechnologies blockchain payment solution collaboration agreement with Wise MPay
LONDON, UK: GSTechnologies Limited (LON: GST) has signed a Collaboration Agreement with Wise MPay Pte Ltd, the Singaporean blockchain payment solution provider, with a view to Wise MPay providing GST with software and services to facilitate its plans to develop new higher-growth synergistic business areas focussed on blockchain technology, particularly those applicable in the banking…
Cecilie Jonassen appointed CEO of Vow ASA’s spin-off Vow Green Metals
OSLO, NORWAY: The Board of Vow Green Metals confirmed the appointment of Cecilie Jonassen and Lars Mårdalen as Chief Executive Officer (CEO) and Chief Financial Officer (CFO), respectively of the new company. The appointments are important steps towards the demerger and separate listing of Vow Green Metals later this year. Established by and currently a…
Corcel Plc announces acquisition of third 50MW flexible energy project
LONDON, UK: Corcel Plc, the natural resource exploration and development company, announced exclusive rights over the acquisition of the “shovel ready” Avonmouth 50MW gas peaking project outside of Bristol from FPC Electric Land Limited. Chief Executive Officer, Scott Kaintz commented: “Following closely behind our recent acquisition of the Tring Road gas peaking complex, we have…
VH Global to fund construction of 75MW distributed solar generation projects in Brazil
LONDON, UK: VH Global Sustainable Energy Opportunities plc announced a $63 million commitment to fund the construction of 18 remote distributed solar generation projects across ten Brazilian states with a total capacity of 75MW. Brazil is a Key Partner of the OECD and one of the world’s fastest growing energy markets, a news release said….
Gresham to acquire Electra Information Systems for $38.6 million
LONDON, UK: Gresham Technologies plc (LON: GHT) wholly-owned subsidiary Gresham Enterprise Storage Inc., has entered into a conditional agreement to purchase the entirety of the issued and outstanding shares of common stock of Electra Information Systems for a total cash consideration of up to US$38.6 million including up to US$9.65 million in deferred consideration. Electra…
Greg Madison appointed CEO of Shield Therapeutics
LONDON, UK: Shield Therapeutics plc (LON: STX) announced that Greg Madison has been appointed as Chief Executive Officer (CEO) with effect from Tuesday, 1 June 2021. Greg has an excellent commercialisation track record and, in particular, he has deep knowledge and previous experience in the US iron deficiency marketplace. Greg is a seasoned executive who…
Wordline SA to acquire Greece based Cardlink at an enterprise value of €155 million
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….