DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all…
MGC Pharma to acquire Israel based MediCaNL for $6.0 million in shares
LONDON: MGC Pharmaceuticals Ltd announced the acquisition of 100% of the issued share capital of MediCaNL Inc. MediCaNL Inc is the holding company of MediCaNL Israel 2019 Ltd, an Israeli company operating in and providing specialist services to the pharmaceutical sector for development of new medicines. MediCaNL offers clinical and preclinical trial services, as well…
Keywords Studios buys Climax Studios for £43 million
LONDON: Keywords Studios has acquired the entire issued share capital of Climax Studios, a UK based provider of game development services to the video games industry, for a total consideration of up to £43 million. The vendors were Hyperion Capital Limited (82.5%), Simon Gardner (15%) and James Sharman (2.5%). The acquisition will bring significant additional…
Gresham House acquires large utility-scale battery storage project for£15.6 million
LONDON: Gresham House Energy Storage Fund, the UK’s largest operational utility-scale battery storage fund, has completed its acquisition of the c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project was acquired for a total enterprise value of £15.6 million (plus up to £0.35 million of deferred contingent consideration) and is…
House of Control acquires Business Analyze AS
HØVIK: House of Control Group AS (HOC) has entered into an agreement to acquire Business Analyze AS, a news release said. The acquisition will enable CFOs to gain better control over data from the entire business in a common dashboard, including the linking of House of Control’s ‘best-of-breed’ tools for the CFO. Business Analyze has…
CGG to support dCarbonX for decarbonisation exploration
PARIS: CGG, a global geoscience technology, has signed a strategic agreement to support dCarbonX in the subsurface assessment of its operated clean energy projects offshore Ireland and the UK, which include geothermal energy and storage sites for CO2, hydrogen and ammonia. Such projects are critical in the ongoing energy transition from fossil fuels to renewable…
ESS Inc. appoints Eric Dresselhuys as new CEO
WILSONVILLE: ESS Inc. has appointed of Eric Dresselhuys as Chief Executive Officer, a news release said. Dresselhuys will leverage his proven strategic vision and executive leadership skills to guide the company through its next phase of growth as it expands its market presence and joins the global effort to decarbonize our energy systems. Dresselhuys joins…
Cloud Nine and Next Decentum to launch NFT products & services
VANCOUVER: Cloud Nine Web3 Technologies Inc. announced a strategic partnership with Next Decentum Technologies Inc., a technology startup focused on education and emerging technologies. The global art market was valued at over $67 billion (according to Statista). Non-fungible tokens (NFTs) are disrupting both markets and paving the way for artists and creators to earn more…
Rui Sant’ana Afonso appointed CEO of Agriterra Limited
LONDON: Agriterra Limited, an African agricultural company, announced the appointment of Rui Sant’ana Afonso to the position of Chief Executive Officer (CEO), and a member of the Board of the Company, with immediate effect. Sant’ana Afonso is a Mozambican citizen, who resides in Mozambique, and has been working with the Company since March 2020 as…
Merger of MHP SE with Raftan Holding, Hemiak Investments and Eledem Investments sanctioned by court
LONDON: MHP SE, the parent company of a leading international agro-industrial group with headquarters in Ukraine, announced that the Limassol District Court sanctioned the merger of Raftan Holding Limited, Hemiak Investments Limited and Eledem Investments Limited into MHP SE. The scheme of merger will be affected by transferring the total assets and total liabilities of…
Packages Limited announces Rs2.8 billion expansion by a subsidiary
KARACHI: Packages Limited has announced Rs2.8 billion capital expenditure investment plans by Bulleh Shah Packaging, a 100% wholly owned subsidiary of Packages Limited. “Bulleh Shah Packaging (BSPL) has informed the company through its letter dated April 20, 2021 that the Board of Directors of BSPL, in its meeting held on April 16, 2021, has approved…
Coinsilium Group’s Indorse launches NFT analysis tool
LONDON: Coinsilium Group Limited’s portfolio company and advisory client Indorse Pte. Ltd. has announced the public alpha release of ‘Nifty Scanner’, a digital asset analysis software solution for Non-Fungible tokens (NFTs). Indorse is a Coinsilium equity portfolio company and advisory client. Coinsilium currently holds a 10% interest in the issued share capital of Indorse. Coinsilium…