OSLO, NORWAY: BEWI ASA, a leading provider of packaging, components, and insulation solutions, today announces that the group is initiating a strategic review process for its automotive business. BEWI’s automotive business is a leading specialist in the manufacturing of advanced insulation and soundproofing solutions for the automotive industry. The activities are currently reported under the…
Frende banks acquires 70% interest in Borea Asset Management
Frendegruppen to buy 70 percent of the asset management company Borea Asset Management.
Cornish Metals sells Nickel King property for C$8 million
Cornish Metals Inc. (AIM: CUSN) has entered into a binding letter of intent with Northera Resources Ltd. for the sale of company’s 100% interest in the Nickel King and Opescal Lake properties
Castings PLC acquires assets and stock of Russell Ductile Castings
LONDON: Castings PLC, the leading iron casting and machining group primarily focused on the European heavy truck market, has acquired the fixed assets and stock of Russell Ductile Castings Limited (RDC) from its appointed administrators. Russell Ductile Castings Limited (RDC), a subsidiary of Chamberlin plc, was an iron foundry producing parts for the capital goods…
Invinity Energy Systems announces 4 MWh sale to PowerFlex
LONDON: Invinity Energy Systems (AIM: IES), a leading global manufacturer of utility-grade energy storage, announced a 4 MWh sale to PowerFlex, part of EDF Renewables North America. The batteries will be used in a California Energy Commission-funded solar microgrid project being undertaken by the Rincon Band of Luiseño Indians. The project will see 18 Invinity…
Longboat Energy to sell its 50.1% shares in Longboat Japex Norge AS to Japan Petroleum
Longboat Energy to sell its 50.1% holding in Longboat Japex Norge AS (LJN) to its joint venture partner Japan Petroleum Exploration Co. Ltd (JAPEX).
Shawbrook Group to acquire motor finance lender, JBR Auto Holdings
LONDON: Shawbrook Group plc has signed an agreement to acquire JBR Auto Holdings Limited (JBR), a UK specialist motor finance lender focused on high-end vehicles. Subject to satisfaction of the conditions precedent to the acquisition, completion is expected to take place in Q3 2024. The acquisition not only broadens Shawbrook’s offering within the regulated motor…
Hikma agrees to acquire Xellia Pharmaceuticals’ assets for $135 million
LONDON: Hikma Pharmaceuticals has agreed with Copenhagen based Xellia Pharmaceuticals to acquire parts of its US finished dosage form (FDF) business and assets, including a commercial portfolio and pipeline of differentiated products, a manufacturing facility in Cleveland, Ohio, sales and marketing capabilities, and an R&D center in Zagreb, Croatia. Hikma will pay a cash consideration…
Akasa Air commences operations from Riyadh, Saudi Arabia
Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai
AGWA and Believer Meats collaborate to boost cultivated meat industry in Abu Dhabi
The collaboration aims to develop capabilities in cultivated meat and establish a presence in Abu Dhabi, leveraging the Emirate’s strategic location and resources for growth
Dongfeng Motor launches three new vehicles in Spain
Dongfeng released three new vehicles in Spain market: the high-end new energy vehicles VOYAH FREE, VOYAH DREAM, and the luxury electric off-road vehicle MHERO I.
UK-based Alif Capital acquires Pakistani E-commerce firm Alif Innovations
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations (Private) Limited by London-based M/s Alif Capital Holdings Limited. M/s Alif Capital Holdings Limited, a private limited company registered in England and Wales, acts as a holding company for various investments. The target company, M/s Alif Innovations (Private) Limited, is registered…