VILNIUS: AB Vilkyškių Pieninė, which belongs Vilvi Group, has completed the procurement of 70% of the qualifying holding of SIA Baltic Dairy Board. SIA Baltic Dairy Board is a Latvian company, specialising in producing and selling high value-added dairy ingredients, and milk and whey separation. According to preliminary and unaudited data, SIA Baltic Dairy Board…
CNES and Capgemini step up cooperation on major climate challenges
PARIS: CNES President Jean-Yves Le Gall and Capgemini CEO Aiman Ezzat met to discuss the strategic issues of digital transformation and corporate social responsibility (CSR) – key priorities for both organizations – at CNES’s Head Office, where they underlined their desire to make the European space sector a key accelerator driving moves towards a sustainable…
TechnipFMC and Bombora to jointly develop a floating wave and wind power project
HOUSTON: TechnipFMC and Bombora, a leading wave energy technology company, have formed a strategic partnership to develop a floating wave and wind power project in support of a more sustainable future, a news release said. The relationship brings together TechnipFMC’s unique technologies and experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI) projects offshore…
The Organic Meat Company to export heat treated meat to China
KARACHI, PAKISTANI: Pakistan Stock Exchange (PSX) listed The Organic Meat Company Limited (TOML) has received approvals and has been granted registration by Chinese Customs authorities for export of heat treated beef to China, a news release said on Friday. The company has pioneered the heat treatment process whereby Foot and Mouth Disease (FMD) virus can…
Sensata Technologies acquires Xirgo Technologies for $400 million
SWINDON: Sensata Technologies has completed the previously announced acquisition of leading telematics and data insight provider, Xirgo Technologies Intermediate Holdings LLC for $400 million. Sensata completed the acquisition of 100% of the shares from private equity firm HKW and other shareholders following receipt of regulatory approval from all authorities required by the agreement. The acquisition…
Tryp Therapeutics appoints Greg McKee as Chief Executive Officer
SAN DIEGO: Tryp Therapeutics Inc. has appointed Greg McKee as its Chief Executive Officer, a news release said. Mr. McKee will also continue in his responsibilities as Chairman of the Board of Directors of the Company. Mr. McKee has extensive experience leading publicly traded pharmaceutical companies and brings a vast network of relationships in the…
IM Cannabis Corp. to acquire MYM Nutraceuticals Inc. in a share exchange deal
TORONTO: IM Cannabis Corp. has entered into a definitive agreement to acquire MYM Nutraceuticals Inc. and its licensed producer subsidiary Highland Grow Inc. Under the terms of the transaction, the shareholders of MYM will receive 0.022 common shares of IMC for each common share of MYM. Based on the 20-day volume-weighted average price (VWAP) of…
Inspired Education agrees to acquire Wey Education
LONDON: Inspired Education Online Limited (Bidco) has agreed on a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Wey Education. The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders. The purpose of the Scheme…
AFC Energy enters MoU with Altaaqa Alternative Solutions to distribute its fuel cell systems in MENA
RIYADH: AFC Energy signed a non-binding Memorandum of Understanding (MoU) with Altaaqa Alternative Solutions Company Limited with the intention of establishing an exclusive dealership for the distribution of AFC’s fuel cell systems in Saudi Arabia and the Middle East & North Africa (MENA) regions via a strategic partnership. AFC Energy announced that it has signed…
Commerzbank to launch voluntary programme for the necessary headcount reduction
LONDON: Commerzbank AG has reached an agreement with the Central Works Council on a voluntary programme for the necessary headcount reduction. A reduction in Germany totalling around 1,700 full-time equivalents is to be achieved through the programme by the end of 2021. Commerzbank is making good progress on its roadmap towards the cost reductions targeted…
Pakistan Stock Exchange signs agreement with 1LINK 1BILL to launch E-IPO system
KARACHI: An agreement was signed between Pakistan Stock Exchange (PSX) and 1LINK to launch the new payment and registration system by PSX. This new payment and registration system will support in digitally transforming the Initial Public Offering (IPO) process through an E-IPO system. The E-IPO system will electronically connect investors, share registrars with brokers /…
Searle Company to manufacture Livzon Mapharm’s Covid vaccine in Pakistan
KARACHI: The Searle Company Limited has concluded an agreement with China’s Livzon Mapharm Inc. for the manufacturing of novel coronavirus vaccine (V-01) in Pakistan. “The Searle Company has concluded an exclusive licensing and supply agreement with Livzon Mapharm Inc. for the recombinant novel coronavirus vaccine (V-01). The licensing agreement also covers the manufacturing transition of…