UTRECHT, NETHERLANDS: Aalberts N.V. has reached a definitive agreement to buy 100% of the shares of Premier Thermal Solutions LLC (PT), based in Lansing (Michigan, USA), a news release said. PT operates nine locations across the industrial Midwest in Michigan, Wisconsin, Indiana and Ohio, generating an annual revenue of approximately USD 60 million with 250…
Sberbank closes deal to sell Eurocement Group for RUB 161 billion
MOSCOW, RUSSIA: Sberbank has closed a deal to sell parent company Eurocement Group’s shares and debt to OOO Mikhailovsky Kombinat Stroitelnykh Materialov (Mikhaylov Construction Materials Plant), which won the auction organized on the Russian Action house’s electronic platform. The transaction was valued at RUB 161 billion. The deal will have a positive impact on the…
GSK announced positive headline results from five studies
LONDON, UK: GlaxoSmithKline plc announced positive headline results from five studies of the Phase 3 ASCEND programme, evaluating the efficacy and safety profile of daprodustat, an investigational oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), for patients with anaemia due to chronic kidney disease (CKD). The ASCEND programme showed that daprodustat met its primary efficacy endpoint in each study,…
Tom Lynch appointed permanent CEO of MedMen
LOS ANGELES: MedMen Enterprises Inc. announced the current interim Chief Executive Officer and Chairman of the Board of Directors, Tom Lynch, will be appointed as the permanent Chief Executive Officer of the Company effective Thursday, July 15, 2021. Lynch has served as the interim Chief Executive Officer since March 2020. “I am thrilled to be…
Noreco fixes $1.0 billion interest rate exposure under RBL facility until June 2024
OSLO, NORWAY: Norwegian Energy Company ASA (Noreco) has entered into a USD 1.0 billion swap transaction with a group of banks to fix the Company’s floating interest rate exposure under its Reserve Based Lending (RBL) facility from 1 Nov 2021 until 30 June 2024. Noreco will as a result pay interest on its RBL cash…
Samsung and Lucky Motor sign Samsung mobile manufacturing agreement
KARACHI, PAKISTAN: Samsung Gulf Electronics and Lucky Motor Corporation, subsidiary of Lucky Cement Limited, have signed an agreement for production of Samsung branded mobile devices in Pakistan. The mobile device production plant is anticipated to be completed by end of December 2021. The amount contemplated to be invested in the production facility and the capacity thereof has not…
SDS secures additional integration services order from Telenor Pakistan
STOCKHOLM, SWEDEN: After successfully receiving the breakthrough order from Telenor Pakistan worth USD 1.0 million, SDS secures another order from the prime supplier in the Telenor Pakistan digital transformation project. As part of the agreement, SDS will deliver additional services to supplement the deployment of their state-of-the-art transaction platform ERS 360. The solution will enable…
Care Property expands Spanish portfolio with €10.2 million investment
SCHOTEN, BELGIUM: Care Property Invest signed the agreement under suspensory conditions for its fourth project on the Spanish market. The project ‘Solimar Tavernes Blanques’ is a yet to be developed residential care centre in Tavernes Blanques, a suburb of Valencia. The project will be built by Vivalto Vie Spain S.L.U. (part of the Vivalto Group)…
Matthew Healy appointed CEO of Greenvale Mining Limited
SYDNEY, AUSTRALIA: Greenvale Mining Limited announced the appointment of Matthew Healy as Chief Executive Officer effective from 1 September 2021. Matthew Healy’s appointment comes as Greenvale continues to build its senior leadership team, ensuring that it has the appropriate skills, experience and talent in place to unlock the exciting potential of both its Alpha Torbanite…
Bernie Tuch appointed interim CEO of Living Cell Technologies Limited
SYDNEY, AUSTRALIA: The Board of Living Cell Technologies Limited has appointed Chair Professor Bernie Tuch as Interim CEO on terms to be finalized, a news release said. He will assume the additional role following the retirement of Dr Ken Taylor on Friday 16 July 2021. Dr Taylor’s retirement means he will also retire from the…
Cécile Cabanis appointed Deputy CEO of Tikehau Capital
PARIS, FRANCE: Tikehau Capital, the global alternative asset management group, today has appointed Cécile Cabanis as Deputy Chief Executive Officer of the Group, a news release said. In this newly created position Cécile Cabanis will oversee the Human Capital, ESG/CSR, Communications and Brand Marketing functions of the Group. She will also coordinate the Group’s efforts…
Good Energy announces new electric vehicle time of use tariff
LONDON, UK: Good Energy Group, the 100% renewable electricity supplier and innovative energy services provider, launched an innovative new time of use energy tariff, aimed specifically for electric vehicle (EV) drivers. As part of an increased focus on Mobility as a Service (MaaS) and EV service products, Good Energy has launched a new time of…