LONDON: The Board of Tufton Oceanic Assets Limited (LON: SHIP) has agreed to divest two Handysize Bulk Carriers for $20.5 million, a news release said. The realised IRR materially exceeds the targets expressed in the Company’s prospectus dated 25 September 2018. This will be the Company’s third divestment. Whilst the Company aims to hold its…
Shield Therapeutics commences trading at OTCQX Best Market
LONDON: Shield Therapeutics plc (LON: STX) announced that trading in the Company’s Ordinary Shares of nominal value of £0.015 each began on the OTCQX Best Market (OTCQX) in the United States, under the ticker symbol “SHIEF”. By trading on the premium OTCQX, Shield’s shares will be available to US investors during US working hours and…
Invinity Energy Systems announces 0.5 MWh sale in California, USA
LONDON: Invinity Energy Systems (LON: IES) has concluded contracting on another project awarded funds by the California Energy Commission (CEC). This follows the Company’s announcement in Q4 2020 that it has been selected for a number of projects funded by the CEC, California’s primary energy policy and planning agency. Invinity has entered into a contract…
Saint-Gobain signs agreement to acquire Duraziv
LONDON: Saint-Gobain has signed an agreement for the acquisition of Duraziv, a Romanian group specialized in the production of adhesives and other value-added construction chemicals solutions, a news release said. This acquisition will allow Saint-Gobain to expand its range of interior and exterior finishing solutions. At the same time, it will accelerate the Group’s market…
EQTEC announces acquisition and commissioning of waste-to-energy plant in Italy
LONDON, UK: EQTEC plc (LON: EQT) announced the acquisition and planned re-commissioning of a 1MWe waste-to-energy plant in Italy. Originally commissioned in 2015, the plant is built around EQTEC’s proprietary and patented Advanced Gasification Technology. EQTEC has acquired, and will lead a consortium to repower, own and operate, the biomass-to-energy plant in Castiglione d’Orcia, Tuscany,…
Andrew Shepherd appointed Group Chief Executive Officer at Brooks Macdonald
LONDON: Brooks Macdonald Group (LON: BRK) announced the appointment of Andrew Shepherd as Group Chief Executive Officer, with effect from 1 July 2021, subject to regulatory approval. Andrew will begin a process of handover from the incumbent, Caroline Connellan, with immediate effect. Andrew is currently Group Deputy CEO and CEO of the Group’s International business….
Shaun Bunn appointed Managing Director of Empire Metals Limited
LONDON: Empire Metals Limited (LON: EEE) has appointed Shaun Bunn to the Board of the Company as Managing Director effective from 1 June 2021. Shaun Bunn is a metallurgist based in Perth, Western Australia, with over 35 years’ experience in exploration, mining, processing and project development, including over 25 years’ experience in the gold mining…
Nordic Paper discontinues pulp production at Säffle plant
STOCKHOLM: Nordic Paper Holding has decided to discontinue the production of pulp at the Säffle plant during the fourth quarter 2021 and replace it with purchased external pulp. The decision has been made as the consultations with trade unions regarding the pulp production now have been concluded. The decision leads to positive environmental effects and…
HomeCo announced $133.2 worth of medical and childcare acquisitions
SYDNEY: Home Consortium (HomeCo) announced $133.2 million of high quality primary medical and childcare acquisitions, growing the seed portfolio for HealthCo to ~$480 million. HomeCo today provides an update in relation to a number of asset recycling initiatives which are consistent with strategy to transition to a capital light fund manager with scalable platforms for…
Ampol to continue refining operations at Lytton as review completed
BRISBANE: Ampol Limited announced the completion of its refinery review and an intention to continue refining operations at Lytton. The decision, which is subject to the government’s refining support package being successfully legislated as proposed, follows comprehensive management analysis and constructive engagement with the Government. The Federal Government’s proposed package will help underpin the viability…
BWX Limited to acquire vegan and sustainable products retailer Flora & Fauna for c.$30 million
MELBOURNE: BWX Limited (ASX:BWX) has announced an agreement to acquire 100% of the Good Collective Pty Ltd, trading as Flora & Fauna – a Certified B Corporation online retailer focused on vegan, ethical and sustainable products. BWX has agreed to acquire Flora & Fauna for a consideration expected to be between $27.9m to $30.8m payable…
Scott Alomes appointed CEO of Millennium SG as Darren Boyd resigns
SYDNEY, AUSTRALIA: Millennium SG Ltd announced today that it had received the resignation of its Chief Executive Officer and Managing Director Mr. Darren Boyd. The Company also announced the appointment of a new Chief Executive in Mr. Scott Alomes. Mr. Boyd has indicated that he has completed the task that he initially joined the Company…