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…
GFH’S Britus Education acquires British International School of Tunis
MANAMA, BAHRAIN: Britus Education, the fully owned education investment platform of GFH Financial Group, announced the acquisition of The British International School of Tunis (BIST), further expanding the Group’s presence in the Tunisian market, where GFH is already the major investor in Tunis Bay. The transaction gives Britus Education a 70% stake in the thriving…
Mercell Holding completes acquisition of Cloudia Oy
OSLO, NORWAY: Mercell Holding ASA has completed the acquisition of 100% of the shares in the leading Finnish e-Tendering provider Cloudia Oy. The acquisition represents a major step in Mercell’s strategy to become the leading European provider of public e-tendering and e-procurement software. Cloudia is a leading global provider of digital procurement performance solutions. Our…
Vitol Bahrain to provide one LNG cargo to Pakistan LNG Limited
KARACHI, PAKISTAN: Vitol Bahrain has offered to provide one LNG cargo of 140,000 cubic meters to Pakistan LNG Limited (PLL) at the rate of $12.77/mmbtu. PLL had invited bids for the supply of two LNG cargoes of 140,000 cubic meters each to be delivered on July 08-09, 2021 and July 12-13, 2021. However, just one…
S&P revised outlook on ASB Bank to Stable
LONDON, UK: ASB Bank Limited (ASB) noted the announcement by S&P Global Ratings (S&P) dated 7 June 2021 regarding the rating of ASB. S&P has affirmed ASB’s Long Term Issuer Credit Rating at AA- and revised the outlook on ASB to stable from negative.
TotalEnergies to install 2,200 new EV charging points in Amsterdam
PARIS, FRANCE: TotalEnergies will expand Amsterdam’s current network with 2,200 new EV charging points, to be installed by fall 2022, a news release said. The municipality of Amsterdam has awarded the concession for the expansion of its public charging network for electric vehicles (EV) to TotalEnergies. The installation of 1,100 chargers, each equipped with two…
Mathias Miedreich to replace Marc Grynberg as CEO of Umicore SA
BRUSSELS, BELGIUM: Umicore SA has appointed Mathias Miedreich to succeed Marc Grynberg as CEO of the Group in the 4th quarter of this year, a news release said. Marc and Mathias will work together to ensure an optimal onboarding of Mathias and a smooth transition of leadership. Born in 1975 and a German national, Mathias…
Linas Agro Group borrows from banks to fund acquisition of KG Group
VILNIUS, LITHUANIA: Linas Agro Group, is borrowing funds from Luminor, Swedbank and SEB banks to finance the acquisition of companies of the KG Group. The syndicated local will be granted under the permission to execute the said acquisition issued by the Lithuanian Competition Council, a news release said. AB Linas Agro Group entered into a…