BURBANK: Warner Bros. Pictures President of Domestic Distribution, Jeff Goldstein, and President of International Distribution, Andrew Cripps announced that in just one month, and with markets around the globe left to open or increase capacity, “Godzilla vs. Kong” has triumphed at the worldwide box office, grossing over $400 million. Goldstein stated, “It’s evident that ‘Godzilla…
Dana Gas terminates agreement for sale of its Egyptian assets
SHARJAH, UAE: Dana Gas PJSC has terminated its agreement for the sale of its Egyptian assets, announced on 25th October 2020, a news release said. A number of conditions precedent to the transaction could not be completed to the satisfaction of both parties prior to the long stop date of the Sale and Purchase Agreement…
Roebuck Asset Management sold Avonmouth logistics center in UK for $123 million
MANAMA, BAHRAIN: Roebuck Asset Management has concluded an off-market sale of Accolade Park to Tritax Big Box REIT Plc for $123 million, a news release said. Roebuck Asset Management is the UK subsidiary of Bahrain based GFH Financial Group. Accolade Park is a prime logistics centre in the UK comprising of 875,000 sq ft located…
Amazon Inc. invests on U.S. lawmakers; faces demands to disclose plastic footprints
Amazon Inc. is under fire with reports appearing the tech and retail giant spent $4.8 million on U.S. lawmakers to cover anticompetitive practices amid demands from shareholders that the company reveal its plastic footprint. Alphabet Inc.’s Google and Amazon.com Inc., spent millions on lobbying in the first quarter of 2021 as they face heightened scrutiny…
Accenture acquires Root Inc.
NEW YORK: Accenture has acquired Root Inc. Root joins Accenture’s Talent & Organization / Human Potential team, strengthening its organizational change management capabilities with multiple new experiential and digital assets designed to engage people intellectually and emotionally and do so rapidly and at scale. With 130 experts located in Ohio and Illinois, Root collaborates with…
Warren de Haan and Chris Tokarski appointed Co-CEOs of ACORE Capital
SAN FRANCISCO: ACORE Capital LP announced that Warren de Haan and Chris Tokarski have been appointed as Co-Chief Executive Officers, effective April 19, 2021. ACORE Capital is one of the largest global credit managers focused exclusively on commercial real estate lending. De Haan and Tokarski co-founded ACORE in 2015 with longtime partners Boyd Fellows and…
Bilia AB acquires Upplands Motor Stockholm, a Mercedes dealer
GOTHENBURG: Bilia AB has concluded an agreement to acquire an authorised Mercedes dealer, Upplands Motor Stockholm AB, who conduct sales and service operations for Mercedes cars, transport vehicles and trucks at four facilities in the Stockholm area in Sweden. The agreement is subject to approval by the Swedish competition authority. Bilia is expecting to take…
Søren Krogh Knudsen appointed new CEO of Columbus
COPENHAGEN: Søren Krogh Knudsen will take up the position as President & CEO of Columbus, a news release said. Søren joins from a position as Partner and Regional Head of PA Consulting Group in the Nordics as well as Global Head of Sales for PA Consulting Group. He is an experienced international leader within the…
Carbios and Michelin collaborate to create 100% sustainable tires
PARIS: CARBIOS and MICHELIN have taken a major step towards developing 100% sustainable tires, a news release. Michelin has successfully tested and applied Carbios’ enzymatic recycling process for PET plastic waste, in order to create a high tenacity tire fibre that meets the tire-giant’s technical requirements. Enzymatic recycling: a revolutionary process Carbios’ enzymatic recycling process…
BW Offshore to demolish and recycle FPSO Berge Helene at Priya Blue shipyard in India
OSLO: BW Offshore has signed an agreement to dispose of the FPSO Berge Helene for environmentally safe demolition and recycling in compliance with the Hong Kong Convention at Priya Blue shipyard in India. The FPSO Berge Helene is a floating storage/production unit of 274,333 deadweight-ton capacity built in France in 1976 and converted to an…
Arendals Fossekompani’s Alytic acquires Utel Systems
ARENDAL: Alytic, a portfolio company of Arendals Fossekompani ASA (AFK), has acquired Utel Systems as part of the strategy to transform data-driven companies with unique domain expertise into scalable Software-as-a-Service companies with international potential, a news release said. “The acquisition of Utel Systems fits perfectly with our growth strategy to transform data-driven companies to international…
HydrogenPro and Hynion sign agreements on green hydrogen supply
OSLO: HydrogenPro AS will supply hydrogen to Hynion’s fueling station at Herøya in Porsgrunn; and HydrogenPro and Hynion will initiate a general co-operation for the hydrogen supply of future Hynion installations. HydrogenPro will supply green hydrogen to Hynion´s fueling station at Herøya Industripark from two of its test and demo electrolyser containers located nearby. At…