SYDNEY: McPherson’s Limited announced the appointment of interim CEO Mr Grant Peck as Chief Executive Officer and Managing Director on a permanent basis, effective immediately. Mr Peck’s appointment followed a thorough search and selection process undertaken by the Board which identified some excellent candidates. After consideration of these qualified candidates, the Board was unanimous in…
Swift Media to sell Medical Channel Pty Ltd to Motio Limited
SYDNEY: Swift Media Limited has entered into a share sale agreement to sell 100% of the issued capital of Medical Channel Pty Ltd to Motio Limited for a consideration of 30 million shares in Motio. Swift announced the sale of the Health and Wellbeing business to Motio Limited to create a leader in digital healthcare…
Kiwi Property announces Sustainable Debt programme
AUCKLAND: Kiwi Property today launched a Sustainable Debt programme, the latest initiative in the Company’s comprehensive carbon reduction strategy, a news release said. “Kiwi Property has been committed to sustainability for almost two decades and today it’s part of the company’s DNA. In 2020 we successfully achieved a 50% reduction in greenhouse gas emissions, compared…
Special General Meeting of Höegh LNG approves proposed amalgamation
HAMILTON: Höegh LNG Holdings Ltd. announced the shareholders of Höegh LNG voted on and approved the amalgamation and delisting of shares. As previously announced, Leif Höegh & Co. Ltd. (LHC) and Funds managed by Morgan Stanley Infrastructure Partners (MSIP) will, through a 50/50 joint venture, Larus Holding Limited (JVCo), acquire the remaining issued and outstanding…
Pakistan LNG Limited finalizes bidders for supply of eight LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has finalized lowest bids ranging $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL received a total of 42 bids for the…
Ocean Sun and MP Quantum to develop floating solar in Greece and Cyprus
OSLO: Ocean Sun has signed an agreement with MP Quantum Group (MP) to develop floating solar based on Ocean Sun’s proprietary technology in Greece and the Republic of Cyprus, a news release said. “We are pleased to enter this collaboration with one of the most well-reputed business families in Greece. MP has a strong team…
Pakistan to float USD denominated Eurobonds
§ Pakistan is all set to float USD denominated Eurobonds in the international market, under the Global Medium Term Note Programme. After a hiatus of almost 4 years, Pakistan is tapping the international bond market, with last Eurobond (USD 1.5bn | 10yr) and Sukuk (USD 1bn| 5yr) issued in 2017 at 6.875% and 5.625%, respectively….
Edison Group values VivoPower International at $321 million
LONDON: Edison Group has published its first report and valuation on VivoPower International valuing the business at $19 a share. At market close Monday (March 29), VivoPower stock stood at $8.06. At the core of Edison’s valuation is its view of the business’ accelerating growth strategy and ‘transformational’ acquisition of rugged electric vehicle (EV) company…
Nexans appointed to connect Empire Wind offshore projects to New York onshore grid
PARIS, FRANCE: Nexans has signed a preferred supplier agreement (PSA) with Empire Offshore Wind LLC to electrify the future of New York State by connecting the Empire Wind offshore projects to the onshore grid, a news release said on Tuesday. The turnkey projects cover the full design and manufacturing, as well as the laying and…
Qatar Stock Exchange to launch listing & trading venue for SMEs
DOHA: Qatar Stock Exchange (QSE) will launch the QE Venture Market (QEVM), which will provide a listing and trading venue for SME’s that do not fulfil listing requirement of the main market, a news release said. The QEVM would give SME owners an opportunity of listing and trading in the bourse in accordance with lighter…
Kersten Hulpmiddelen acquires FullMobility
AMSTERDAM: Value8 NV’s portfolio-company Kersten (a provider of medical aids) has acquired FullMobility, a news release said adding FullMobility will become part of the new group from 1 April 2021. The acquisition fits very well in Kersten’s growth strategy. Both companies see a perfect fit in terms of strategy, DNA, client focus and dedication to…
DTE Electric company completes third green bond offering of $1.0bn
DETROIT: DTE Energy’s subsidiary, DTE Electric company, completed its third offering of green bonds on Monday, March 29. The $1 billion bond offering will finance green, or clean, energy investments, including renewables and energy efficiency programs. In its initial green bond offering in May 2018, DTE became the fifth investment-grade energy company in the nation –…