LONDON, UK: FastForward Innovations Ltd has participated in the £2.1 million issuance of Convertible Loan Notes, (CLN) by research-led cannabis healthcare company, CiiTECH Limited. The Company took £175,000 of the issue, funding its investment in the 24-month CLN through its existing cash resources. The CLNs are being issued ahead of CiiTECH’s intended reverse takeover by…
AstraZeneca’s acquisition of Alexion cleared by European Commission
LONDON, UK: AstraZeneca‘s proposed acquisition of Alexion Pharmaceuticals Inc. has achieved an important step towards completion by having cleared the European Commission review. The clearance follows competition clearances in the United States, Japan and other countries globally, with a complete list available on astrazeneca.com. Regulatory clearance in the UK is pending and remains a requirement to…
TECO 2030 and Implenia receive public funding for developing zero-emission construction site solutions
LYSAKER, NORWAY: TECO 2030 and infrastructure contractor Implenia Norway have been granted funding by the Norwegian state enterprise Enova to jointly develop and pilot hydrogen-powered solutions that will eliminate emissions at construction sites. The support granted by Enova amounts to NOK 15.6 million and will be provided over a period of 2.5 years, from September…
Westpac sells New Zealand Life Insurance business to Fidelity Life for NZ$400 million
SYDNEY, AUSTRALIA: Westpac Group has agreed with Fidelity Life Assurance Company Limited to sell Westpac Life-NZ- Limited and enter into an exclusive 15-year agreement for the distribution of life insurance products to Westpac’s New Zealand customers. The sale price of NZ$400 million is expected to result in a post-tax gain on sale and add approximately…
Carnarvon and FIG form joint venture to produce renewable diesel
SYDNEY, AUSTRALIA: Carnarvon Petroleum Limited has formed a joint venture with Frontier Impact Group (FIG) to produce renewable diesel. Frontier Impact Group (FIG) has been actively progressing a bio refinery business in Western Australia to produce renewable diesel and other highly valuable products. The joint venture plans to use internationally proven technology to process waste…
Rohan Dhowan appointed Chief Executive Officer at Invigor Group Limited
SYDNEY, AUSTRALIA: Invigor Group Limited (ASX: IVO) has appointed Rohan Dhowan as Chief Executive Officer (CEO) of the Company. Gary Cohen is stepping down as CEO but will remain Executive Chairman of the Company. Rohan Dhowan has been the Sales Director at Invigor for almost 2 years and has played a pivotal role in assisting…
CEO of Quantafuel, Kjetil Bøhn stepping down
OSLO, NORWAY: The CEO of Quantafuel ASA, Kjetil Bøhn, has informed the board that he will step down from his position as CEO. As the company is now in a new phase, the board and Kjetil Bøhn have over time had an ongoing process planning the company’s future management structure, opening up for a more…
Aker Solutions awarded FEED contract for LNG terminal in India
OSLO, NORWAY: Aker Solutions has signed a contract with Crown LNG for front-end engineering and design (FEED) for the Kakinada LNG regassification project offshore India. The order includes an option for engineering, procurement, construction, installation, and commissioning (EPCIC) of the LNG terminal, that will be confirmed upon final investment decision which is expected by the…
Abingdon Health signs manufacturing agreement with Bioporto A/S
YORK, U.K: Abingdon Health plc, a leading international developer and manufacturer of high quality and effective rapid tests, has signed a manufacturing and supply agreement with Bioporto A/S (CPH: BIOPOR), an in vitro diagnostics company that provides tests and antibodies to clinicians and researchers around the world. Under the terms of the 10-year agreement, Abingdon…
HydrogenOne Capital Growth announces £250 million IPO on London Stock Exchange
LONDON, UK: HydrogenOne Capital Growth plc (HGEN) announced its intention to launch an initial public offering (IPO) and to admit its shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on London Stock Exchange plc’s Main Market. HydrogenOne Capital Growth plc (HGEN) is targeting a raise of…
Kalidas Madhavpeddi appointed new Chairman of Glencore Plc
LONDON, UK: The board of Glencore Plc announced that Tony Hayward will retire as Chairman and Kalidas Madhavpeddi will be appointed as the new Chairman on 30 July. Tony Hayward was appointed to the Board at the time of the Company’s IPO in May 2011 and appointed as Chairman in 2013. Following consultation with the…
Cobra Resources appoints Rupert Verco as Chief Executive Officer
LONDON, UK: Cobra Resources Plc, the gold exploration company focused on the Wudinna Gold Project in South Australia, announced the appointment of Rupert Verco as Chief Executive Officer with effect from 12 July 2021. Rupert is a mining specialist with over 14 years’ experience in Australia and internationally focusing on areas including resource definition, reserve…