LONDON, UK: Fitch Ratings has revised Platform Housing Group’s outlook to stable, a news release said. Platform Housing Group has experienced a favourable ratings change. The new rating, A+ (stable outlook) (formerly A+ (negative outlook), reflects a similar amendment to the UK Sovereign rating. The revision to the Sovereign rating reflects the stronger resilience of…
Clinigen Group signs agreement to divest its UK compounding business for £7.75 million
LONDON, UK: Clinigen Group plc announced the disposal of its non-core UK Specials manufacturing and Aseptic compounding business to Target Healthcare Ltd for a total consideration of up to £7.75 million. The compounding business sourced and manufactured specific unlicensed medicines referred to as ‘specials’ in a range of formulations for supply across the UK market…
Bermele Plc agrees to acquire New Zealand based East Imperial for £24.45 million
LONDON, UK: Bermele Plc has conditionally agreed to acquire East Imperial for an aggregate consideration of £24.45 million, a news release said. East Imperial, founded in New Zealand in 2012, produces and markets a line of ultra-premium beverages that are currently sold throughout the Asia-Pacific and the United States of America. East Imperial’s range utilises…
Nemesis Asset Management announces launch of Nemesis Cyber One
LONDON, UK: Nemesis Asset Management LLP announced the launch of Nemesis Cyber One an actively managed certificate focused exclusively on cyber security companies. This project is the result of a partnership and advisory agreement between Nemesis Asset Management and Mr. Mihai Ivascu, CEO of Modex. The global cyber warfare is playing an increasingly important role in the current…
MobilePay, Vipps and Pivo merge to create Europe’s most comprehensive digital wallet
OSLO, NORWAY: Danske Bank A/S has entered into an agreement with OP Financial Group in Finland and the consortium of banks behind Vipps in Norway to merge the three mobile payment providers MobilePay, Vipps and Pivo. The banks behind Vipps will own 65% of the new parent company, Vipps AS, Danske Bank will own 25%…
CSAM Health Group acquires Optima Corporation for $2.75 million
OSLO, NORWAY: CSAM Health Group AS has signed a deal to acquire eHealth player Optima Corporation Ltd from USA-based R1 RCM in a $2.75 million cash deal, a news release said. With the acquisition of Optima Corporation, CSAM Health Group will bring market-leading Optima products, impressive customer base and skilled teams in Auckland, New Zealand,…
Norway’s new airline Flyr makes debut flight
OSLO, NORWAY: The airline Flyr’s first ever commercial flight took off from Oslo Airport on Wednesday at 11:30am, headed to the city of Tromsø. Minister of Transport Knut Arild Hareide took part in the celebration, a news release said. “We have been looking forward to this day for months now. Today’s milestone would not have…
Bergen Carbon Solutions signs cooperation and supplier with Jackon AS
BERGEN, NORWAY: Bergen Carbon Solutions AS announced a Letter Of Intent (LOI) with Jackon AS (Jackon) for a carbon nano-fiber cooperation and a potential EcoNano supplier agreement, a news release said. “We´re excited to announce an LOI with Jackon, highlighting the strong interest for Bergen Carbon Solutions’ green carbon-nanofiber product across industries. Under the LOI…
Entra ASA and Linstow acquire 33.3% shares of Oslo S Utvikling AS for NOK 950 million
OSLO, NORWAY: Entra ASA and Linstow entered into an agreement to acquire Bane NOR Eiendom’s 33.3% share of Oslo S Utvikling AS (OSU) for NOK 950 million (NOK 475 million for Entra’s share). After the transaction Entra and Linstow will each hold 50% of Oslo S Utvikling AS (OSU). OSU was established in 2001 and…
Herman Sjøberg appointed new CEO of Ayfie Group
OSLO, NORWAY: Herman Sjøberg is hired as the new CEO of Ayfie Group AS, a news release said. “The board has today appointed Herman Sjøberg as the new CEO of Ayfie Group. Ayfie Group has undergone a powerful restructuring and has several completed products, many solid customers and is now entering a phase with the…
Mutares SE sells 73.25% stake in STS Group AG
MUNICH: Mutares SE & Co. has successfully completed the sale of its 73.25% stake in STS Group AG, a news release said. The transaction with Adler Pelzer Group is already the third exit in the current year for Mutares and comprises the shares and the entire business operations of plastics and materials in Europe, China…
Kamran Kamal appointed CEO of HUBCO
KARACHI: Hub Power Company (Hubco) has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years. Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel subsidiary of the Company. Previously, he held…