KARACHI: Silkbank Limited has accorded in-principle approval to Habib Bank Limited (HBL) to conduct due diligence of the consumer portfolio of Silkbank, a bourse filing said. HBL had approached Silk Bank Limited seeking concurrence to HBL to apply to State Bank of Pakistan (SBP) to proceed with the due diligence of the consumer portfolio of…
Nexity to sell 45% of the capital in Ægide-Domitys to AG2R LA MONDIALE
PARIS: Nexity and AG2R LA MONDIALE signed agreements allowing them to enter into exclusive negotiations for the disposal of control of the Ægide-Domitys group. The founders, around Jean-Marie Fournet (JMF Conseil) are committed in this transaction. Nexity would sell 45% of the capital and retain an 18% stake in Ægide-Domitys, remaining a significant minority shareholder…
Total begins producing sustainable aviation fuel in France
PARIS: Total SE has begun producing sustainable aviation fuel (SAF) at its La Mède biorefinery in southern France and its Oudalle facility near Le Havre, a news release said. The biojet fuel, made from used cooking oil, will be delivered to French airports starting in April 2021. Total will also be able to produce SAF…
Everfuel signs MOU for hydrogen supply to new zero-emission ship concept
HERNING: Everfuel A/S announced the signing of a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. The two parties are exploring a cooperation whereby Everfuel will be responsible for delivery of hydrogen, including planning, installation and operation of an optimized, scalable fueling…
Alstom announces first order of hydrogen trains in France
PARIS: Auvergne-Rhône-Alpes, Bourgogne-Franche-Comté, Grand Est and Occitanie regions sign the very first order of dual mode electric-hydrogen trains in France. This marks a historic step in rail transport’s reduction in CO2 emissions for the benefit of passengers and regions, and in the development of a hydrogen ecosystem as well as a promising sector for the…
Anglo American to demerge South Africa thermal coal operations
LONDON: Anglo American plc announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021. The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited, the demerger of…
Zenith signs extension of SPA for SLK acquisition from KUFPEC
LONDON: Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC (Tunisia) Limited (KUFPEC), a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait’s national oil company, for a participation in, inter alia, the North Kairouan…
MMX to sell majority of assets to GoDaddy’s Registry Services LLC for $120 million
LONDON: Minds + Machines Group Limited (MMX) has conditionally agreed to sell the majority of the company’s assets and transfer its rights and obligations under contracts and/or government approvals relevant for the operation of the assets to Registry Services LLC (GoDaddy Registry), an affiliate of GoDaddy Inc., for US$120 million in cash. The Consideration is…
Caerus Mineral Resources acquires of Ploutonic Resources Limited
LONDON: Caerus Mineral Resources announced the acquisition of PR Ploutonic Resources Ltd (PRL), subject to Shareholder approval. PRL is a private, Cypriot-registered exploration and mining company, the acquisition of which provides Caerus with access to a further suite of advanced copper-gold exploration licences in the Republic of Cyprus. Each of the three licences acquired, Troulli,…
AssetOwl Limited appoints Geoff Goldsmith as Chief Executive Officer
SYDNEY: AssetOwl Limited announced the appointment of Geoff Goldsmith as Chief Executive Officer. Mr Goldsmith has been consulting to the Company for last four months, working with the board and management team to develop the Company’s commercial roll out strategy, financial model and further R&D and resourcing plans. The Company is now poised to expedite…
Raven Industries acquires intellectual property portfolio of Jaybridge Robotics
SIOUX FALLS: Raven Industries Inc. has purchased all of the intellectual property (IP) and patents of Jaybridge Robotics, an early developer of automated agriculture technology. Jaybridge’s unique IP portfolio includes significant and critical patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems. Raven will leverage this IP portfolio with…
Sean O’Connell appointed President and CEO of Securian Asset Management
ST. PAUL: Securian Asset Management Inc. announced that Sean O’Connell will succeed David Kuplic as president and CEO of Securian Asset Management—and chief investment officer for Securian Financial—on July 1, 2021. Kuplic is retiring after 17 years of service with Securian Financial and a 37-year career in the investment industry. “It has been an honor…