LONDON, UK: UK Government Investments Limited (UKGI) announced that it intends to sell part of Her Majesty’s Treasury’s (HMT) shareholding in NatWest Group plc over a term of twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc. Under the Trading Plan, Morgan Stanley will have discretion…
AssetCo Plc agrees to buy 63% shares in Rize ETF for £16.5 million
LONDON, UK: AssetCo Plc has reached agreement to acquire an effective 63 per cent equity interest in Rize ETF for £16.5 million, which will be paid in cash, a news release said. AssetCo is also committing a further investment to Rize ETF of £5.25 million to help fund the growth of the business. The equity…
Aki Hussain appointed Group CEO of Hiscox Limited
HAMILTON, BERMUDA: Specialist global insurer Hiscox Limited announced that after 21 years as Group Chief Executive, Bronek Masojada has informed the Board of his intention to retire at the end of the year. Following a thorough succession process, the Board has appointed Aki Hussain, currently Group Chief Financial Officer, as Group Chief Executive from January…
Christian Schreyer appointed Group CEO of Go-Ahead Group plc
LONDON, UK: The Board of the Go-Ahead Group plc announced the appointment of Christian Schreyer as Group Chief Executive with effect from the conclusion of the Annual General Meeting on 5 November 2021. He will join the Group on 1 November. Christian’s appointment follows David Brown’s decision, announced in May, to retire from the role…
Pivotal Systems considering IPO dual listing in the United States
SYDNEY, AUSTRALIA: The Board of Pivotal Systems Corporation announced that it is considering undertaking an initial public offering of its common stock in the U.S. and a dual listing on NASDAQ. Pivotal Systems’ CHESS Depositary Interests (CDIs) will continue to trade on the Australian Securities Exchange (ASX). As a preliminary step, Pivotal Systems Corporation intends…
Straive Data Platform launched
SINGAPORE: Straive (erstwhile SPi Global), a market-leader in technology-driven content and data solutions, has launched of its Straive Data Platform (SDP). SDP is an end-to-end data management platform focused on unstructured data solutions. With its cloud-native and microservices-based architecture, SDP extracts and enriches data from any unstructured source and enables enterprises to harness the power…
China Meat Association honours Xilingol as the first green sheep-farming city
XILINHOT, CHINA: Xilingol League, north China’s Inner Mongolia Autonomous Region, became the country’s first green sheep-farming city thanks to its efforts in grassland ecological protection and green sheep farming, a news release said. The honor was rolled out by China Meat Association during a summit on green sheep farming held in Xilinhot on July 19,…
MilDef Group acquires Defcon Solutions for SEK 160 million
STOCKHOLM, SWEDEN: MilDef Group has acquired Defcon Solutions AB. The initial purchase price is SEK 160 million on a cash and debt free basis. During the years 2021-2023, upto SEK 40 million in contingent payments are conditioned on agreed financial targets. Defcon is expected to generate SEK 140 million in revenue during 2021. MilDef was…
TotalEnergies partners with Technip Energies
PARIS, FRANCE: TotalEnergies and Technip Energies signed a Technical Cooperation Agreement to jointly develop low-carbon solutions for Liquefied Natural Gas (LNG) production and offshore facilities to accelerate the energy transition, a news release said. As part of this agreement, both parties will explore new concepts and technologies, in order to reduce carbon footprint of existing…
Vedanta Biosciences completes $68 million Series D Financing
LONDON, UK: PureTech Health plc , a clinical-stage biotherapeutics company announces that its Founded Entity, Vedanta Biosciences completed a $68 million Series D financing. Vedanta plans to use the proceeds to advance its pipeline of defined bacterial consortia, including progressing VE303 into a Phase 3 clinical trial in patients at high risk for recurrent CDI, initiating…
Boskalis secures EUR 70 million Harwich Haven Authority contract
PAPENDRECHT, NETHERLANDS: Boskalis has secured the contract for the Harwich Haven approach channel and inner harbor deepening by the Harwich Haven Authority. The contract carries a value of approximately EUR 140 million, split 50/50 between Boskalis and Van Oord. The project entails the deepening of the approach channel and inner harbor from minus 14.5 to…
AstraZeneca complete acquisition of Alexion Pharmaceuticals
LONDON, UK: AstraZeneca today completed the acquisition of Alexion Pharmaceuticals Inc. The closing of the acquisition marks the Company’s entry into medicines for rare diseases and the beginning of a new chapter for AstraZeneca. AstraZeneca now has an enhanced scientific presence in immunology and, through Alexion’s innovative complement-biology platform and robust pipeline, will continue to…