Sydney, Australia: Midway Limited, Australia’s only listed woodfibre processor and exporter, announced the appointment of Mr Tony McKenna as its next Managing Director and Chief Executive Officer. Mr McKenna will start with Midway after he finalises his exit arrangements with his current employer. Mr McKenna’s appointment follows the decision of the current Managing Director and…
Reliance Worldwide to acquire LCL Pty Ltd for A$37 million
SYDNEY, AUSTRALIA: Reliance Worldwide Corporation Limited has entered into an agreement to acquire the business assets of LCL Pty Ltd) for approximately A$37 million, a news release said. Completion is expected to occur by 31 August 2021 and the final purchase price will be subject to working capital adjustments at completion. Adjusted average EBITDA for…
COO of My Food Bag Group resigns
SYDNEY, AUSTRALIA: My Food Bag Group Limited announced that Richard Wafer, My Food Bag’s Chief Operating Officer, has given notice of his decision to resign from My Food Bag to pursue a new business interest outside of the food sector. Richard joined My Food Bag during its start-up phase and has played an integral role…
Nordic Mining inks rutile offtake agreement with Kronos (US) INC.
OSLO, NORWAY: Nordic Mining ASA has signed a term sheet for offtake of rutile with Kronos (US) INC. a globally leading pigment producer. The agreement will, together with the Company’s agreement with the Japanese trading house, secure sales for the full annual production of rutile from the Engebø Rutile and Garnet project for the first…
Mainstream announces hybrid 1 GW renewable energy platform in Chile
OSLO, NORWAY: Mainstream Renewable Power announced plans for Nazca Renovables – a new, hybrid renewable energy platform in Chile with over 1 Gigawatt (GW) of capacity. The clean energy generated by the platform will avoid the emission of more than 1.1 million tonnes of CO2 – around the equivalent of every one of Chile’s 18…
Astrocast SA intends to float its shares on Euronext Growth Oslo
LAUSANNE, SWITZERLAND: Astrocast SA intends to float its shares on Euronext Growth Oslo. This would be the first listing of an Internet of Things (IoT) dedicated satellite constellation. Astrocast SA also announced the launch of a private placement of up to 16.666 million new shares to raise up to CHF 50 million (NOK 486 million)…
Arcadis and Fugro to help restore bridges and quays in Amsterdam
AMSTERDAM, NETHERLANDS: Arcadis N.V and Fugro have been selected by the municipality of Amsterdam as one of three parties involved in the restoration of bridges and quay walls in the city center over the coming years. This is a six-year contract with the option of extension twice for two years. The project is estimated to…
ABEO joins forces with Jinling Sports to develop sales in China
PARIS, FRANCE: ABEO and Jiangsu Jinling Sports Equipment Co. Ltd. signed an agreement to create a joint venture. The new company will exclusively market in mainland China ABEO’s sports and leisure equipment, covering ten brands of ABEO. This joint venture will benefit from Jinling Sports’ strong local knowledge and client network in the Chinese sports…
Kistos plc commences 2021 drilling campaign
LONDON, UK: Kistos Plc, the low carbon intensity gas producer pursuing a strategy to acquire assets with a role in energy transition, announced that Borr Drilling’s Prospector-1 jack-up drilling rig has arrived on location at the Q10-A field (Kistos 60%) and that the Company’s 2021 drilling campaign is underway. The work programme is scheduled to…
Arena Events announces Commonwealth Games contract win
LONDON, UK: Arena Events Group has been awarded a multi-million pound contract to deliver one of the venue clusters at the XXII Commonwealth Games, to be held in Birmingham in 2022. At a high level, this contract award includes the planning, design, schedule management, building control services, supply, installation, maintenance and removal of a range…
Uniphar plc acquire CoRRect Medical GmbH
LONDON, UK: Uniphar plc announced the acquisition of CoRRect Medical GmbH. CoRRect Medical is a Germany-headquartered company that specialise in the commercialisation and distribution of medical device products in the interventional cardiology sector across Germany & Switzerland. The acquisition represents a key strategic milestone for the Group, as it continues to build out its pan-European…
L3Harris Technologies appoints new country leader in Australia
MELBOURNE, AUSTRALIA: L3Harris Technologies has announced that Alan Clements, a retired Air Vice Marshal, will lead L3Harris Australia as the new Corporate Vice President. In addition to serving as Country Executive for the region, he will oversee L3Harris’ Australian Advisory Board, composed of non-executive directors and local company business leadership. Clements joins L3Harris after serving…