LONDON: Wildcat Petroleum Plc has signed a Memorandum of Understanding (MoU) with Crown Energy AB, the NGM Main Regulated Stockholm listed international group focused on oil and gas exploration in Africa and the Middle East, for their potential participation in any future Initial Coin Offering (ICO) that Wildcat may launch. Wildcat Petroleum is targeting investment…
ABN AMRO agrees to pay EUR 480 million in anti-money laundering investigation settlement in the Netherlands
AMSTERDAM: ABN AMRO Bank N.V. has accepted a settlement offer from the Dutch Public Prosecution Service (DPPS) in connection with the previously announced investigation by the DPPS into ABN AMRO’s compliance with its obligations under the Dutch Anti-Money Laundering and Counter Terrorism Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, AML/CTF Act)…
SEK 3.9bn divestment of Grand Group and the Grand Hôtel property
STOCKHOLM: Investor AB’s Patricia Industries and its subsidiary Vectura, have agreed to divest Grand Group and the Grand Hôtel property, respectively, to FAM AB. The transaction includes the hotel operations Grand Hôtel, Lydmar Hotel and The Sparrow Hotel, all located in Stockholm, as well as the Grand Hôtel property. The total transaction value amounts to…
Perry Ha appointed CEO of Anoto Group AB
STOCKHOLM: The Board of Directors of Anoto Group AB has appointed Perry Ha as new CEO for the company. Perry Ha, who previously has served as Chairman of the Board, will assume the role as CEO, when the previous CEO, Joonhee Won, steps down. Joonhee Won will instead be focusing on developing Anoto’s subsidiary for…
Valoe and Sono Motors sign EUR 2.2 million co-operation agreement
MIKKELI: Valoe Corporation and Sono Motors GmbH have signed about EUR 2.2 million co-operation agreement related to engineering and concept validation project for utilising solar energy in Sono Motors’ vehicles. The co-operation project commences immediately and lasts about 12 months. Valoe will now hire new employees for various development and manufacturing tasks at its Juva…
Korian acquires IPDL
PARIS: Korian, the leading European care services group, has acquired Intensivpflegedienst Lebenswert GmbH (IPDL), a leading German intensive care company currently implanted in southern Germany (Baden-Württemberg and Bavaria). IPDL offers ‘gold standard’ care (as recognised by MDK) through intensive one to one care in the homes of the patients, four community care centres, three of…
SES Signs MoU with Kazakhstan Government to accelerate the Digital Kazakhstan project
PARIS: The Republican Center for Space Communications (RCSC) Kazakhstan and SES have signed a Memorandum of Understanding (MoU) to explore service agreements for satellite-enabled, high-speed connectivity services using SES’s O3b mPOWER communications system in Kazakhstan to accelerate the Digital Kazakhstan project. Under this memorandum of understanding, Republican Center for Space Communications (RCSC) will explore utilising…
Access Bank will acquire ABC Holding’s 78.15% shareholding in BancABC Botswana
LONDON: Atlas Mara Limited’s subsidiary ABC Holdings Limited (ABCH) has entered into definitive agreements with Access Bank Plc for the sale of ABCH’s holdings in African Banking Corporation Botswana. The Transaction is subject to fulfillment of various customary conditions precedent including certain regulatory requirements and consents from other relevant authorities and certain counterparties. As part…
ITM Power announces electrolyser sale to Linde for H2Pioneer in Austria
LONDON: ITM Power Plc announced the sale of an HGas3SP (2MW) electrolyser and supporting equipment to partner Linde plc for the H2Pioneer project in Austria. One of the main goals of the H2Pioneer project is demonstrating the production of green hydrogen on-site to be used in semiconductor production, mostly replacing the supply of liquified hydrogen…
Advance Energy acquires 50% equity interest in Carnarvon Petroleum Timor
LONDON: Advance Energy plc announced the completion of its acquisition of a 50 percent equity interest in Carnarvon Petroleum Timor Unipessoal Lda, the holder of a 100 percent working interest in, and the contractor of, the Buffalo PSC, offshore Timor-Leste. The acquisition constituted a reverse takeover of the Company, pursuant to the AIM Market Rules….
Melrose Industries to sell its Nortek Air Management to Madison Industries for £2.62 billion
LONDON: Melrose Industries PLC has entered into an agreement to sell its Nortek Air Management business to Chicago-based Madison Industries for consideration of approximately £2.62 billion payable in cash on completion. Nortek Air Management business comprises Nortek Global HVAC (“GHVAC”) and Air Quality & Home Solutions (“AQH”) segments. Key highlights of the Disposal: · Cash…
Studio Retail Group to sell Findel Education for £30 million in cash
LONDON: Studio Retail Group plc, the online value retail business, has entered into and completed upon a definitive agreement for the sale (Disposal) of Findel Education Limited to West Moorland 221 Limited for a gross consideration of £30.0 million in cash. West Moorland 221 Limited is a newly formed company owned by investment funds managed…