LONDON: As of 12 May, Karolis Lesickas becomes the CEO of Franmax, a subsidiary of Maxima Grupė, which provides IT development, support and maintenance services to the group companies. Karolis Lesickas is replacing Karolis Ceizaris who headed Franmax and now joins the team engaged in e-commerce development projects at Vilniaus Prekyba group. “Maxima Group is…
Binnopharm Group increases stake in Sintez to 88.6%
MOSCOW: Sistema’s fully owned subsidiary LLC Sistema Telecom Assets has contributed its 32.4% stake in OJSC Sintez to the authorised capital of LLC Binnopharm Group. Following the transaction, Binnopharm Group has increased its stake in OJSC Sintez to 88.6%. As a result, the effective stake in Binnopharm Group owned by Sistema together with VTB, Sistema’s…
Zoran Covic to resign as CEO of Ework Group
STOCKHOLM: Zoran Covic has expressed his intention before Board of Ework Group AB that he, after nine years with the group of which seven as CEO, wishes to resign from his position. Zoran Covic has not tendered a formal letter of resignation, but only expressed his intentions, in order to facilitate a smooth succession. He…
Sentica sold its shareholding in Solteq Plc for EUR 22.5 million
COPENHAGEN: According to a press release issued by Sentica Partners Oy today, the funds managed by Sentica, consisting of Sentica Buyout III Ky and Sentica Buyout III Co-Investment Ky, have sold all of their shareholdings in Solteq Plc. Sentica has sold today a total of 4,801,293 shares in Solteq to a group of institutional investors…
Nenelite Limited (Bidco) agrees to acquire UDG Healthcare in a £2.611 deal
LONDON: Nenelite Limited (Bidco), an Affiliate of Clayton, Dubilier & Rice LLC (CD&R), will acquire the entire issued and to be issued share capital of UDG Healthcare. The acquisition values the entire issued and to be issued share capital of UDG Healthcare at approximately £2.611 billion and implies an enterprise value of £2.777 billion. Bidco…
Horisont signs MoU with TGS for Carbon Capture and Storage collaboration
SANDNES: Horisont Energi has signed a Memorandum of Understanding (MOU) with TGS, a global provider of energy data and intelligence, to jointly develop new Carbon Capture and Storage (CCS) technologies. The MOU between the companies signifies a unique collaborative effort to identify and develop efficient methods for both the identification and classification of CO2 storage…
Kalera AS moves towards a U.S. listing of its shares
ORLANDO: Kalera AS announced that it moves towards a US listing of its shares on Nasdaq, which is expected in second half 2021. Kalera continues to work with its financial advisors in connection with the US listing process. Kalera has also engaged Milbank (U.S.), Thommessen (Norway) and Stibbe (Luxembourg) as counsel to the company. As…
Future plc announces acquisition of Marie-Claire US
LONDON: Future plc (LON: FUTR) announced the acquisition of Marie Claire US, a joint venture between Marie Claire Album S.A.S. (MCA) and Hearst Magazines Media Inc. Future has entered into a five year license agreement with MCA to operate in the US and Canada. Marie Claire US reached 17.5 million monthly online users in 2020…
Greencare Capital appoints Richard Tonthat as Chief Executive Officer
LONDON: Greencare Capital Plc announced the appointment of Richard Tonthat as Chief Executive Officer with immediate effect, a news release said. Fabio Carretta, whilst stepping down from the Board to spend more time on his other business interests, will continue to support the Company, particularly in relation to capital market activities. The Company also announces…
Ryan Moore becomes first CEO of Mode Global Holdings
LONDON: Mode Global Holdings (LON: MODE) announced that its director Ryan Moore has been appointed as the Company’s first Chief Executive Officer (CEO) effective immediately. Founder Jonathan Rowland will remain as Chairman, working closely with Ryan to shape Mode’s growth trajectory for the years ahead. Ryan has been a member of the Board at Mode,…
Marston’s Plc appoints Andrew Andrea as Chief Executive Officer
LONDON: Marston’s Plc (LON: MARS) has announced the appointment of Andrew Andrea as Chief Executive Officer with effect from 3rd October 2021. Andrew’s appointment follows Ralph Findlay’s decision announced earlier this year, notifying the Board of his intention to step down from the role of Chief Executive Officer at the end of the current financial…
TGS acquires 4C Offshore Ltd.
OSLO: TGS-NOPEC Geophysical Company ASA (TGS), a global provider of energy data and intelligence, has acquired 4C Offshore Ltd., a leading market intelligence and consultancy firm, providing research and insights to the offshore wind industry. 4C Offshore offers a broad suite of data, analytics and services for the offshore wind industry. With its digital platform,…