LONDON, UK: Twin Star Technologies India Limited (TSTIL), a subsidiary of Volcan Investments Limited, is all set for the acquisition of Videocon Group as the Resolution Plan for Videocon Group Companies, under the Insolvency and Bankruptcy Code of India was successfully pronounced by the Indian adjudicating authority in favor of TSTIL. Globally, Volcan’s business interest…
Outokumpu Oyj appoints Tamara Weinert as President of Business Area Americas
HELSINKI, FINLAND: Outokumpu Oyj announced that Tamara Weinert has been appointed as President of Business Area Americas with immediate effect. She has been the Acting President of Business Area Americas and a member of Outokumpu Leadership Team since October 2020. Prior to her current position, Tamara Weinert has been working in multiple senior positions in…
5th Planet Games updates Hugo Troll Race 2 mobile game
COPENHAGEN, DENMARK: 5th Planet Games A/S released a new technical update on the Hugo Troll Race 2 mobile game on both Apple App Store and Google Play. Hugo Troll Race 2 has had over 10 million organic downloads on the App Stores since launch in 2015. The game has an average rating above 4.4 stars…
Greenfield Energy to acquire 100% of Tar Sands Holdings II
LONDON, UK: Greenfield Energy LLC has entered into a membership interest purchase agreement with Endeavour Capital Group LLC and Tar Sands Holdings II LLC (TSHII) with respect to the potential acquisition by Greenfield of up to 100% of the ownership and membership rights and interests in TSHII. Tar Sands Holdings II LLC (TSHII) owns approximately…
Disposal of interest in Gyrometric Systems Limited
LONDON, UK: Braveheart Investment Group and Remote Monitored Systems (RMS) have on 08 June 2021 entered into a share purchase agreement (SPA) with the founders of Gyrometric Systems Limited, being David Orton, Dr Paul Orton and Dr Janet Poliakoff for the return of control of Gyrometric to the founders. Under the terms of SPA, the…
Manx Financial Group buys 10 percent shares in Rivers Finance Group
LONDON, UK: Manx Financial Group has bought 10% of the issued share capital of Rivers Finance Group Plc through its wholly owned subsidiary, Bradburn Limited. The shares have been allotted to Bradburn at no cost and credited as fully paid up. Rivers Finance is the holding company for Rivers Leasing plc. Rivers Finance, founded in…
Aker Solutions to provide subsea lifecycle services for Petrobras operated oil and gas fields
OSLO, NORWAY: Aker Solutions is awarded a large framework agreement from Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between…
STMicroelectronics announces change in leadership team
GENEVA, SWITZERLAND: STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, announced today that Benedetto Vigna, President of the Analog, MEMS and Sensors Group, has informed the company that he will step down from his position on August 31, 2021 to become CEO of another company. Jean-Marc Chery, ST’s President &…
Norske Skog to close Tasman mill in New Zealand and sell mill assets
OSLO, NORWAY: Norske Skog ASA announced the closure of the Tasman mill in New Zealand and a sales process for the mill’s assets. Production will cease by 30 June 2021, permanently reducing Norske Skog’s newsprint capacity by approximately 150,000 tonnes. Since the initiation of the strategic review process in New Zealand in October 2020, a…
Eric Lookhoff appointed CEO of QuickFee Limited
SYDNEY, AUSTRALIA: QuickFee Limited (ASX: QFE) has announced the appointment of Eric Lookhoff as CEO with effect from July 01, 2021. Having established the QuickFee business in both Australia and the United States, and led the significant growth in operations, Founder and Chief Executive Officer (CEO), Bruce Coombes will transition to the role of Managing…
Fremont Petroleum’s June quarter oil sales to jump 59 percent
SYDNEY, AUSTRALIA: Fremont Petroleum Corporation Limited (FPL) reports that oil sales for the June quarter are forecast to exceed 20,500 barrels of oil (BBL), a significant increase on the 12,894 BBL reported for the March quarter, up 58.9 percent. This increase is due to a full quarter’s contribution from the MHP leases and stable production…
Court approves acquisition of Asaleo Care by Essity Group Holding
SYDNEY, AUSTRALIA: Asaleo Care Limited confirmed that the Federal Court of Australia has made approved the proposed acquisition of Asaleo Care by a wholly owned subsidiary of Essity Group Holding BV. Asaleo Care is a leading personal care and hygiene company which markets, manufactures, distributes, and sells personal care and hygiene products throughout Australia, New…