PARIS: Technip Energies has been awarded a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India, a news release said. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million…
Societe Generale to sell Lyxor to Amundi for EUR 825 million
PARIS: Societe Generale’s Board of Directors approved, during a meeting on 6 April 2021, the entry into exclusive negotiation with Amundi with a view to disposing of the asset management activities operated by Lyxor, a news release said. Lyxor is an entity which includes the Group’s asset management activities and operates in particular through Lyxor…
Exact Therapeutics appoints Dominic Moreland as Chief Financial Officer
OSLO: Exact Therapeutics AS announced the appointment of Dominic Moreland as Chief Financial Officer who will be based at the London office of EXACT-Tx in White City. “We are delighted to welcome Dominic to EXACT Therapeutics AS where his strong prior experience in both finance and operations in the biopharmaceutical sector, most recently as VP…
House of Outdoors Inc. acquires LYN Fishing
DALLAS: Rise Run Capital’s portfolio company House of Outdoors Inc. (HOO) has acquired LYN Fishing, a news release said. LYN creates high quality fishing line for a variety of angling styles, methods and environments. “As HOO’s portfolio continues to grow, we are committed to investing in businesses and providing a platform to continue to nurture…
GFH shareholders approve $42 million dividend in cash and bonus shares
MANAMA: GFH Financial Group shareholders approved the Board of Directors’ recommendation for the distribution of a total dividend of US$42million. This included cash profits for all ordinary shares, save for treasury shares, at 1.86% of the nominal value of the share (equal to US$0.0049, BD0.001859, UAE dirham 0.0181) totaling US$17 million and bonus shares for all ordinary shares at…
KL HI-TECH and Zwipe collaborate to launch next generation payment cards in India
OSLO: KL HI-TECH, one of India’s largest payment card manufacturers, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in India and key international markets. Founded in 1988, KL HI-TECH currently delivers a total of 50 million cards per year, of which approximately 30 million are payment cards, serving…
Mill Point Capital’s affiliate acquires Reel Telecommunications
DEERFIELD BEACH: Reel Telecommunications, a communications construction services firm, has been acquired by Full Circle Fiber Partners, an affiliate of Mill Point Capital. Reel will continue to operate independently under its new name, Reel Broadband LLC. Reel is a fast-growing business that will continue to expand its leadership in telecommunications infrastructure services within the Full…
ViacomCBS Networks to acquire Chilevisión from WarnerMedia
NEW YORK: ViacomCBS Networks International (VCNI) has agreed to acquire Chilevisión from WarnerMedia, a division of AT&T. Through the transaction, VCNI further expands its footprint in Latin America and bolsters its streaming business with a new premium content library and pipeline to fuel the increasing demand for Spanish language content across platforms including Paramount+ and…
Communitech appoints Chris Albinson next CEO
KITCHENER: Communitech has announced appointment Chris Albinson as its new CEO. “Like Communitech, Chris has dedicated his career to helping tech-driven firms start, grow and succeed,” said Dave Caputo, chair of Communitech’s Board of Directors and founder of Trusscore. “In his role as CEO, Chris brings a treasure trove of experience, insights and relationships back…
EMCOR Group acquires Dallas Mechanical Group LLC
NORWALK: EMCOR Group Inc. has completed its acquisition of Dallas Mechanical Group LLC (DMG), a leading full-service provider of mechanical construction and maintenance services, headquartered in Dallas, TX. DMG will be part of EMCOR’s Building Services segment. DMG provides single-source, energy-efficient installation, maintenance, and repair services for a wide range of heating, cooling, and ventilation…
Akoya appoints Frederic Pla as Chief Operating Officer
MARLBOROUGH: Akoya Biosciences Inc. announced the appointment of Frederic Pla, PhD, as Chief Operating Officer. Dr. Pla will play a key role in preparing the company as it scales to serve the needs of discovery and clinical researchers adopting spatial biology. Dr. Pla joins Akoya with deep scientific and operational experience and a record of…
Sky and NBCUniversal sign multi-year deal
AUCKLAND: Sky and global entertainment conglomerate NBCUniversal (NBCU) have signed an expanded multi-year deal encompassing movies, drama, comedy, entertainment, reality and news across broadcast channels, on demand and streaming, a news release said. The agreement with NBCU includes series produced by Sky Studios and Universal Studio Group, which is comprised of Universal Television, UCP, NBCU…