LONDON: A requisite majority of AstraZeneca (LON: AZN) shareholders has approved the proposal to acquire the entire common stock of Alexion Pharmaceuticals Inc., a news release said. AstraZeneca (LON: AZN) continues to expect the acquisition will close in Q3 2021, subject to approval by Alexion shareholders, certain regulatory approvals, and other customary closing conditions. The…
Gul Ahmed to spin out its retail business ‘Ideas’ through an IPO
KARACHI: Gul Ahmed Textile Mills Limited is spinning out its retail segment, Ideas, to enable it to be a 100% owned subsidiary. “Gul Ahmed is aiming for its Initial Public Offering (IPO) between November 2021 and March 2022 depending on the market conditions,” company management said. Gul Ahmed Textile Mills held its analyst briefing to…
Everfuel plans EUR 250 million HySynergy Phase II electrolyser in Fredericia
FREDERICIA: Everfuel A/S announced the plans of the HySynergy Phase II development of a 300MW electrolyser and Power-to-X (PtX) facility adjacent to the Fredericia refinery. The HySynergy Phase II involves a significant scale-up in the production of green hydrogen, planned for a complementary use in both zero-emission hydrogen mobility and as green feedstock to various…
Cécile Béliot to become Group CEO at Bel Group
SURESNES: Bel Group has announced its intention to move towards a form of governance that separates the functions of Chairman of the Board of Directors and Chief Executive Officer, which should lead Antoine Fiévet and the Nomination Committee to submit the appointment of Cécile Béliot to Group CEO for a vote by the Board of…
Capgemini to redesign global collaborative workplace at Airbus
PARIS: Capgemini SE has signed a five-year contract with Airbus to support the redesign of its global collaborative workplace, both in terms of working methods and tools. In terms of tools and technology Capgemini will enable online publishing and sharing services, collaboration and productivity tools, messaging services, instant messaging, video conferencing, and digital telephony services….
Arcadis wins €16 million contract to support construction of North-South Corridor in Singapore
AMSTERDAM: Arcadis NV has been awarded a SG $26 million (€16 million) contract by the Land Transport Authority (LTA) in Singapore to provide project management support to supervise the construction of the North-South Corridor (NSC) project. Singapore’s North-South Corridor (NSC) was originally planned as an expressway but has since been reconceptualized to also accommodate Singapore’s…
National Australia Bank gets Court approval to proceed with 86 400 Holdings acquisition
LONDON: National Australia Bank Limited (ASX: NAB) notified the Federal Court of Australia has made orders approving the scheme of arrangement under which NAB will acquire the remaining share capital in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400. In January 2021, NAB announced its intention to acquire 86 400 to…
Proximar Seafood signs a MoU with Marubeni Corporation
TOKYO: Proximar Seafood has signed a Memorandum of Understanding (MoU) with Marubeni Corporation, a Japan based general trading house, with regards to a potential sales and marketing agreement. This agreement is an important milestone for Proximar and in line with the company’s strategy to engage in strategic partnerships with strong local partners in Japan. Marubeni…
OTAQ makes equity investment in Blue Lion Labs
LONDON: OTAQ Plc, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announced a $300,000 equity investment in Blue Lion Labs Ltd. Blue Lion is a Canadian data management and software company developing solutions to multiple water-quality challenges, including real time monitoring of harmful organisms in water…
Nifty Labs commences development for RSK-powered ‘NFT on Bitcoin’ Marketplace
LONDON: Coinsilium Group Limited’s wholly-owned Gibraltar subsidiary Nifty Labs Limited, in partnership with Indorse Pte. Ltd., has commenced development work on a new Non-Fungible Token (NFT) project to create an ‘NFT on Bitcoin’ marketplace platform powered by the RSK blockchain, the smart contract platform secured by the Bitcoin network. Nifty Labs entered into a memorandum…
Helios Towers acquires Omantel’s passive tower infrastructure portfolio for $575 million
LONDON: Helios Towers plc (LON: HTWS) and Oman Telecommunications Company (Omantel) signed an agreement for Helios Towers to acquire Omantel’s passive tower infrastructure portfolio of 2,890 sites, for a cash consideration of $575 million. This represents an enterprise value of $615 million including the Group’s estimate of transactions costs and capitalised ground leases of $40…
UKGI disposes shares in NatWest Group for £ 1.1bn in total
LONDON: UK Government Investments Limited (UKGI) has announced the successful completion of the disposal of part of HM Treasury’s shareholding in NatWest Group plc. The disposal was effected by way of a placing of 580 million ordinary shares with a nominal value of £1.00 each through an accelerated book building process to institutional investors. The…