KARACHI: State-owned Pakistan LNG Limited (PLL) has floated a tender seeking delivery of eight cargoes of the liquefied natural gas (LNG) to be delivered in September and October this year. The bids will be opened on July 0521. According to the tender document, five cargoes up to 140,000 cubic meters in capacity each are spread…
Boozt acquires Rosemunde at an enterprise value of DKK 250 million
COPENHAGEN, DENMARK: Boozt and Rosemunde have today entered into an agreement where Boozt acquires 66.7% of the shares in Rosemunde with an option to acquire the remaining shares at the same EV/EBIT multiple, in three phases, with the final phase planned for June 2026, a news release said. The enterprise value is DKK 250 million….
Artec Aqua signs agreement with K Smart Farming for salmon farming in South Korea
OSLO, NORWAY: Artec Aqua AS has signed an agreement with K Smart Farming Co., Ltd. (KSF) to conduct a feasibility study for a 20,000 tonnes land-based salmon farming facility in South Korea. Artec Aqua is a wholly owned subsidiary of Oslo-listed Endúr ASA. The agreement includes an intention for Artec Aqua to conduct engineering, delivery,…
Velocys technology powers first commercial flight
LONDON, UK: Velocys plc, the sustainable fuels technology company, announced that sustainable aviation fuel (SAF) produced by the Company’s proprietary technology using woody biomass residue feedstock has been used in a commercial flight by Japan Airlines (JAL). Japan Airlines flight (JAL #515) from Tokyo to Sapporo was completed on 17 June 2021. This important milestone follows on from the collaboration agreement signed with Toyo…
Paragon ID announces acquisition of Security Label
PARIS, FRANCE: Paragon ID announced its acquisition of Security Label, European leader and one of the world’s biggest producers of baggage tags for the air transport industry. The acquisition will become effective as of 1 July 2021, a news release said. Security Label is a German company based near Hanover, founded in 1990 by the…
Gaming Realms signs licensing agreement with IGT
LONDON, UK: Gaming Realms plc, the developer and licensor of mobile-focused gaming content, has signed a licensing agreement with International Game Technology PLC (IGT), a multinational gaming and lottery company, a news release said. Under the terms of the agreement, Gaming Realms will produce Slingo games, an entertainment genre popular among mobile gaming enthusiasts that…
Geir Karlsen appointed new CEO of Norwegian Air Shuttle
OSLO, NORWAY: Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA. Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021. “I am pleased to announce that Geir Karlsen on requet of the Board has accepted the job as CEO of Norwegian. Karlsen has successfully led the financial reconstruction of…
Hotel Chocolat Group announces acquisition of a Joint Venture
LONDON, UK: Hotel Chocolat, the premium British chocolatier, has agreed to acquire the entire issued share capital of Rabot 1745 Limited, which it does not already hold, a news release said. Summary of the Acquisition Rabot was established in 2016 as a joint venture between the Company and Andrew Gerrie (the Non-Executive Chairman of Hotel…
Guild Esports and Samsung sign sponsorship deal
LONDON, UK: Guild Esports welcomes Samsung, a world-leader in transformative technologies, as the Company’s Official Display Partner with the signing of a one-year deal, with an option for Samsung to extend for a further year, across the U.K. & Ireland. The partnership commences on 21 June 2021 and is Samsung’s first partnership agreement with a…
Capita and Cabinet Office agree to sell AXELOS Limited to PeopleCert International for £380 million
LONDON, UK: Capita plc and Cabinet Office have agreed to sell AXELOS Limited to PeopleCert International Limited in a deal that values the joint venture at £380 million on a cash-free, debt-free basis, representing an 11.5x multiple on 2020 EBITDA of £33.1 million, a news release said. The sale of Capita’s 51% interest in AXELOS…
Dev Clever Holdings agrees to acquire The Inspirational Learning Group Limited
LONDON, UK: Dev Clever Holdings has entered into definitive heads of terms to acquire The Inspirational Learning Group Limited (TILG), a profitable and established UK-based educational business. Under the definitive heads of terms, TILG will be acquired for a cash consideration of £200,000 and the issue of 6,000,000 new ordinary shares in Dev Clever, subject…
Kerry Group reaches agreement to acquire Niacet for €853 million
LONDON, UK: Kerry Group plc has reached agreement to acquire Hare Topco Inc. trading as Niacet Corp. from an affiliate of funds advised by SK Capital Partners LP and other shareholders for €853 million, a news release said. Niacet is a global market leader in technologies for preservation. It has clear leadership positions in Bakery…