HERNING: Everfuel A/S has exercised an option to acquire 4.9% of the shares in Everfuel Retail Norway AS from NEL ASA, a news release said. Everfuel will after the transaction hold approximately 56% of Everfuel Retail Norway. The initial acquisition of a 51% stake and creation of Everfuel Retail Norway, including an agreement for Everfuel…
JLEN acquires Rainworth Energy Limited for £5.8 million
LONDON, UK: JLEN Environmental Assets Group Limited has acquired 100% equity stake in Rainworth Energy Limited (REL), for a consideration of £5.8 million subject to adjustment for working capital. REL holds the rights and operational assets that make up the Rainworth anaerobic digestion (AD) plant, a 2.2MW electrical plant based in Nottinghamshire, UK, close to…
Chariot Oil & Gas to acquire renewable and hybrid power developer focused on mining sector in Africa
LONDON: Chariot Oil & Gas, the Africa focused transitional energy company, has signed share purchase agreements (SPAs) for the acquisition of the business of Africa Energy Management Platform (AEMP) for consideration of up to US$2 million payable primarily in Chariot Ordinary Shares, representing up to c.4% of Chariot’s enlarged share capital. AEMP is a renewable…
Kingspan Group acquires Logstor International for EUR 253 million
LONDON: Kingspan Group has entered into an agreement with Langley Co-Invest S.à r.l. to acquire 100% of the shares of Logstor International Holding S.à r.l., the holding company of the Logstor Group. Logstor is a leading global supplier of technical insulation solutions encompassing complete pre-insulated pipe systems for District Energy and associated applications. Logstor’s primary…
PensionBee Limited plans initial public offering of its shares on London Stock Exchange
LONDON: PensionBee Limited announced the intended publication of its registration document and that the Company is considering an initial public offering (IPO), and considering applying for admission of its Shares to trading on the High Growth Segment of the Main Market of the London Stock Exchange. PensionBee is a leading online pensions provider, with a…
Airtel Africa sells telecommunications towers in Madagascar and Malawi to Helios Towers for $108mn
LONDON: Airtel Africa announced the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers, a leading independent telecommunications infrastructure company in Africa. The Group’s tower portfolios in these two markets together comprise 1,229 towers which form part of the Group’s wireless telecommunications infrastructure network. The aggregate gross consideration…
Cineworld Group to reopen Regal Theatres in the U.S. beginning April 16
LONDON: Cineworld Group plc announced that its Regal theatres will reopen this April, for the first time in six months. The phased reopening will kick off with a limited number of cinemas opening for “Godzilla vs. Kong” on April 2nd and going wider with “Mortal Kombat” on April 16th. Cineworld also plans to reopen in…
Skanska wins GBP 507 million contract to improve East England A428 road
HELSINK: Skanska has signed a contract with Highways England to improve the A428 road in the East of England region, UK, a news release said. The contract is worth GBP 507 million, about SEK 5.8 billion, which will be included in the order bookings for Europe in the first quarter 2021. Skanska will build a…
Dropbox completes acquisition of DocSend
SAN FRANCISCO: Dropbox Inc. has completed the acquisition of DocSend, a secure document sharing and analytics company with more than 17,000 customers. The combination of Dropbox, HelloSign, and DocSend will help customers across industries manage end-to-end document workflows—from content collaboration to sharing and e-signature—giving them more control over their business results. Dropbox is one place…
Eaton acquires Green Motion SA
DUBLIN: Eaton Corp has acquired Green Motion SA, a leading designer and manufacturer of electric vehicle charging hardware and related software. Green Motion is based in Switzerland. “Energy transition around the world is rapidly gathering momentum, and Eaton is well positioned to contribute to society and benefit from this important trend,” said Uday Yadav, president…
Mac appointed permanent CEO & President of California Resources Corporation
SANTA CLARITA: California Resources Corporation announced the appointment of Mark A. McFarland (Mac) as the Company’s permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company’s board since its emergence from bankruptcy in October 2020, as its Executive Chairman from November 2020 through December 31, 2020 and as its Chairman…
Piedmont Lithium plans U.S. public offering of American Depositary Shares
SYDNEY: Piedmont Lithium Limited plans to conduct a U.S. public offering of up to 1.5 million of its American Depositary Shares (ADSs), with each ADS representing 100 of its ordinary shares. J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the offering. Piedmont intends to grant the underwriters…