PARIS: Today, Air France Flight 342 took off from Paris-Charles de Gaulle airport’s Terminal 2E for Montreal with its tanks filled for the first time with sustainable aviation fuel produced in Total’s French plants. Air France-KLM, Total, Groupe ADP and Airbus joined forces to carry out the first long-haul flight powered by Sustainable Aviation Fuel…
ScreenPro to acquire CENTRED Ventures LLC for CAD 13 million
TORONTO: ScreenPro Security Inc. (CSE: SCRN) has entered into a Letter of Intent to acquire the assets of CENTRED Ventures LLC for CAD $13 million in share of ScreenPro, a news release said. Centred connects travelers to leading and emerging wellness brands in over 200 cities worldwide, utilizing a vertically integrated platform with an app,…
Twilio Inc. will buy Zipwhip in a $850 million deal
NEW YORK: Twilio Inc. (NYSE: TWLO) will buy Zipwhip for approximately $850 million, which would enable Twilio to deliver more secure, high-quality toll-free traffic at scale. Zipwhip will become part of Twilio’s Messaging Business Unit upon close. The boards of directors of Twilio and Zipwhip have each approved the transaction. The transaction is expected to…
Ofgem consults on COVID-19 costs for the next level of energy price cap
LONDON: Ofgem is consulting on its proposal that no further adjustment is required to account for the impact of COVID-19 for the default price cap from October 1 2021. The consultation is open until 15 June 2021, with a final decision being published in early August before the next price cap update to take effect…
G2 Insurance acquires Cincinnati based Schroeder Group
SAN FRANCISCO: G2 Insurance Services LLC has acquired the assets of Schroeder Group Inc., an independent insurance brokerage firm located in Cincinnati, OH. G2 Insurance Services Co-CEO Matthew Goldman stated, “We are so pleased to welcome Schroeder to the G2 team. Their extensive experience and knowledge of equine and personal insurance aligns well with G2’s…
Tom Albright steps down as CEO of Bittrex Global
HAMILTON: Bittrex Global, provider of secure trading platforms and digital wallet infrastructures, announced Tom Albright is stepping down from his role as CEO of Bittrex Global GmbH (Vaduz, Liechtenstein) and Bittrex Global (Bermuda) Ltd (Hamilton, Bermuda) effective today. Stephen Stonberg, current CFO and COO of Bittrex Global, has been appointed by the Boards to serve…
Magnit to acquire Dixy business at an enterprise value of Rub 92.4 billion
KRASNODAR: Magnit PJSC has entered into an agreement with Mercury Retail Group Limited to acquire 100% shares of DIXY Holding Limited. Deal price is based on the current enterprise value of Rub 92.4 billion and is subject to certain adjustments depending, among other things, on the net debt and net working capital changes calculated as…
Martin Davey stepping down from the Chair of Cranswick Plc board
LONDON: Cranswick Plc (LON:CWK), a leading UK food producer, announces that Martin Davey has indicated his intention to retire from his role as Executive Chairman of the Company, and will step down from the Board, at Cranswick’s AGM on 26 July 2021. When he steps down Martin will have served as a Director for 36…
Pakistan’s automobile sales volumes stood at 17,233 units in April
Auto sales (Cars & LCVs) stood at 17,233 units during Apr-21, where a fair YoY comparison this time is not possible, due to the near-zero volumes in the same month last year owing to the halt of manufacturing activity in Apr-20. On MoM basis, there was a 17% decline in volumes during April; however, this…
Green Hydrogen Coalition launches HyDeal North America
OSLO: HyDeal North America is a new commercialization platform founded by the Green Hydrogen Coalition to launch green hydrogen ecosystems around North America. Each regional initiative will be built around a consortium of diverse stakeholders, including multi-sectoral offtakers, with the goal of launching scaled supply chains that deliver low-cost green hydrogen. HydrogenPro (OSE: HYPRO) is…
McKay Securities launches of net zero carbon pathway
LONDON: McKay Securities Plc (LON: MCKS) announced expansion of its ESG efforts through the launch of its 2021 Net Zero Carbon Pathway, which provides details of its ambitions to deliver operationally carbon neutral developments by 2030, and a fully net zero carbon business well in advance of the UK Government’s target of 2050. To achieve…
Warehouse REIT buys Cambridge South Industrial Estate on Dales Manor Business Park
LONDON: Warehouse REIT has completed the acquisition of Cambridge South Industrial Estate, comprising 68,000 sq ft of newly built multi-let industrial units and an adjacent development site, located on the wider Dales Manor Business Park, just seven miles south of Cambridge city centre, six miles north of Chesterford Research Park and within four miles of…