BERMUDA: Avance Gas Holding Ltd has signed and completed the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. The transaction will secure financing of the two first dual fuel newbuildings, Avance Polaris and Avance Capella, scheduled for delivery in Q4 2021 and Q1 2022. The facility has a maturity…
Volue ASA acquires German ProCom GmbH
OSLO, NORWAY: Volue ASA has acquired German ProCom GmbH (ProCom) to strengthen its position as the leading provider of sustainable technology solutions to the European energy sector, a news release said. “We are pleased to announce the investment in ProCom to strengthen our European offering further. ProCom has a strong heritage as a family business…
AF Gruppen secures NOK2.6 billion contract to build an industrial cluster in Norway
OSLO, NORWAY: AF Gruppen (AFG), one of the largest civil engineering and construction companies in Norway, has entered into a contract with Construction City Holding to build an industry cluster that will bring together the construction, civil engineering and real estate industry in Norway. The contract, Construction City, is valued at NOK 2.676 billion. The…
Supply of Covid vaccines to Bangladesh remains suspended
LONDON, UK: The controls imposed on the export of Covid vaccine by Indian government, has suspended supply of vaccines to Bangladesh, Beximco Pharmaceuticals Limited, the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, said. Beximco Pharma has had an agreement with the Government of Bangladesh (GOB) and the Serum Institute of India Private…
Håvard Lindstrøm appointed CEO of Aqua Bio Technology
OSLO, NORWAY: As Aqua Bio Technology (ABT) moves from a development and production phase to a commercial phase with more focus on sales and distribution, Håvard Lindstrøm takes over the role as CEO. He has held the position Head of Business Development since August 2020. Over the past year, under the leadership of Espen Kvale,…
TotalEnergies and GHGSat to monitor offshore methane emissions by satellite
PARIS, FRANCE: TotalEnergies is partnering with GHGSat to develop a satellite imaging technology to monitor potential methane leak occurrences at offshore facilities. This new technology, known as “Glint Mode”, annuls interference effects on data acquisition by observing sun glint on the ocean surface. This satellite imaging can be combined with local measurements for which TotalEnergies…
Pakistan’s Competition Commission initiates enquiry against Foodpanda for abuse of dominant position
ISLAMABAD, PAKISTAN: The Competition Commission of Pakistan (CCP) has initiated an enquiry against Foodpanda to investigate its alleged abuse of dominant position and a possible violation Competition Act, 2010, in the market of online food delivery platforms. The enquiry committee will also review and place before the Commission, its findings, whether the exemption granted (for loyalty…
7digital signs new contracts with fitness companies Barry’s and Volava
LONDON, UK: 7digital Group has expanded its presence in the global fitness market by signing 24-month contracts with two new clients: Barry’s, the global fitness brand, and Volava, a European interactive fitness platform. The companies will use 7digital’s music platform-as-a-service to power their services in the fitness industry, a strategic growth market for 7digital. Both…
BBGI Global to acquire three social infrastructure investments in the UK
LONDON, UK: BBGI Global Infrastructure S.A. has entered into an agreement to acquire interests in three social infrastructure investments in the UK consisting of a 33.33% interest in the Aberdeen Western Peripheral Route, a 100% interest in Ayrshire and Arran Hospital, and a 100% interest in North West Fire & Rescue. Each asset is classified…
CentralNic establishes Data and AI Group
LONDON, UK: CentralNic Group plc has established a Data and Artificial Intelligence (AI) Group to leverage its vast data sets. CentralNic is the global internet platform that derives recurring revenue from the sales of domain names and web services. CentralNic stores, manages, and is exposed to huge datasets that can be used for advanced analysis….
K3 Capital to acquire Knight Corporate and Knight R&D for a total of £24.9 million
LONDON, UK: K3 Capital Group announced the proposed acquisitions of Knight Corporate Finance Group Limited (KCFG) and Knight R&D Limited (KRD) for a total of £24.9 million. K3 Capital also proposed a placing of new ordinary shares of 1 penny each in the capital of the company to raise gross proceeds of approximately £10 million…
IPI Partners to acquire DigiPlex Norway
OSLO, NORWAY: DigiPlex Norway has agreed to be acquired by affiliates of IPI Partners LLC, a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets, a news release said. Through the transaction, which is expected to close in Q3 2021, IPI will acquire 100% ownership of all DigiPlex Group…