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…
Calliditas and STADA partner to commercialize IgA Nephropathy in Europe
BAD VILBEL, GERMANY: Calliditas Therapeutics AB and STADA Arzneimittel AG announced today that they have entered into a license agreement to register and commercialize a novel specialty drug candidate for the treatment of the chronic autoimmune kidney disease Immunoglobulin A Nephropathy (IgAN) in the European Economic Area (EEA) member states, Switzerland and the UK. Under…
Suzuki and Daihatsu join Commercial Japan Partnership for minivehicles
TOKYO, JAPAN: Suzuki Motor Corporation and Daihatsu Motor Co., Ltd. have joined the Commercial Japan Partnership (CJP) project to accelerate their carbon neutrality initiatives in mini-vehicles through the dissemination of CASE technologies and services. As part of their participation in the project, Suzuki and Daihatsu are to each acquire 10 percent of issued shares of…
Wentworth Resources takes Juliet Kairuki on board
LONDON, UK: Wentworth Resources, Tanzania-focused natural gas production company, announced the appointment of Ms. Juliet Rugeiyamu Kairuki as an Independent Non-Executive Director, with immediate effect. Ms. Kairuki is a qualified lawyer, having completed her Bachelor of Law at the University of Dar es Salaam and Masters of Law degree at the University of Cape Town….
Custodian REIT notifies disposal of property
LONDON, UK: Custodian REIT, the UK property investment company, announced the disposal of a property from its portfolio. The Company has sold a 5,242 sq ft vacant children’s day nursery in Basingstoke for £648k, £73k ahead of the last published valuation. The property was part of the initial portfolio acquired on the Company’s admission to…
Regional REIT disposes of 45 million worth of industrial portfolio
LONDON, UK: Regional REIT Limited has exchanged contracts with ARA Dunedin for the disposal of a significant industrial property portfolio for £45 million. The completion is conditional upon the Purchaser having in place the required financing. This reflects a net initial yield of 6.75% to the Purchaser and is 7.5% above the valuation as at…
Kavango Resources commences Kalahari Suture Zone drilling
LONDON, UK: Kavango Resources plc, the exploration company targeting the discovery of world-class mineral deposits in Botswana, announced that drilling has commenced on Target A2 (A2) in the northern (Hukuntsi) section of the Kalahari Suture Zone (KSZ). The goal of this geological borehole is to retrieve core samples from the bottom of the “Norilsk style…
Rio Tinto’s RBM shuts furnace as security situation worsens
LONDON, UK: Rio Tinto‘s Richards Bay Minerals (RBM) operation in South Africa will shut one of its four furnaces due to the depletion of available feedstock at the plant. This is the result of mining operations being halted following an escalation in the security situation at the operations which significantly hampered the mine’s ability to…
Muhammad Manan appointed Group CEO of Eco Hotels UK Plc
LONDON, UK: Muhammad Manan has been appointed as Group CEO of Eco Hotels UK Plc, a news release said. Eco Hotels, an incubation by Red Ribbon Asset Management Plc, is intending to roll out carbon neutral hotels across the UK and India. It has two brands, Eco Premium and Ecolodge, which will offer carbon neutral…