KARACHI: Ismail Industries Limited will make an equity investment of Rs1.5 billion in a recently incorporate subsidiary Ismail Resin Private Limited, which intends to setup a polyester resin (PET Resin) plant. Ismail Resin intends to setup PET Resin manufacturing plant with a capacity of 108,000 tons/annum keeping in view of growing demand of it. This…
John Hulme appointed Chief Operating Officer at Noreco
OSLO: Norwegian Energy Company ASA (Noreco) has appointed John Hulme as Chief Operating Officer (COO), effective today. Mr Hulme brings 30 years of global experience in the oil and gas industry. He was most recently Country Manager for Sapura Energy E&P business in Malaysia, which delivered strong growth following the acquisition of Newfield Malaysia in…
D&B to power Trade Foresight with verified company and business profiles
KARACHI: Trade Foresight has entered into an agreement with Dun & Bradstreet Pakistan (D&B), under which D&B will power Trade Foresight with D&B verified company and business profiles. Dun & Bradstreet Pakistan (D&B) is the world’s leading source of business information and insights. Integrating D&B’s Verified and Globally recognized Business Profiles will allow Trade Foresight’s…
Sitowise Group applies for listing Nasdaq Helsinki
HELSINKI, FINLAND: Sitowise Group Plc has today filed a listing application with Nasdaq Helsinki Ltd to list Sitowise’s shares first on the prelist and then on the official list of Nasdaq Helsinki. Trading in Sitowise’s shares is expected to commence on the prelist of Nasdaq Helsinki on or about 26 March 2021 and on the…
LeoVegas acquires Expekt Nordics for EUR 5.0 million
STOCKHOLM: LeoVegas AB is acquiring Expekt Nordics Ltd and related assets from Betclic Group, a news release said. Expekt is one of the most well-known sports betting brands in Sweden and the Nordic countries. The total purchase price is EUR 5.0 million for all assets. The acquisition strengthens LeoVegas’ brand portfolio with an established position…
Kalera buys facility in Minnesota to form a vertical farming facility
ORLANDO: Kalera AS announced the purchase of a facility in St. Paul, Minnesota which they will convert to a vertical farming facility. Kalera’s Minnesota location is the eighth facility it has announced, making it one of the fastest growing vertical farming companies in the United States. This announcement comes on the heels of the news…
bpost removes Jean-Paul Van Avermaet from the office of CEO
BRUSSELS: The Board of Directors of bpost has decided to terminate with immediate effect the collaboration with Mr. Jean-Paul Van Avermaet in his function of CEO of bpost. The Board also decided to suspend until the General Assembly of Shareholders on 12 May 2021 Mr. Van Avermaet as board member of bpost in the interest…
New governance at Danone shuffles management team, removes CEO
PARIS: The Board of Danone has decided that Emmanuel Faber will step down as Chairman and CEO. As a consequence, it has appointed Gilles Schnepp as Chairman of the Board with immediate effect. The Board has decided to appoint Véronique Penchienati-Bosetta, currently Chief Executive Officer International, and Shane Grant, currently Chief Executive Officer North America,…
National bus strategy for England
LONDON: Stagecoach Group plc has welcomed the publication today (15 March 2021) by the Department for Transport of its National Bus Strategy for England. Buses are a critical mode of public transport, including for young people and socially excluded groups. They connect people with work, education, skills, retail, health and other public services, and bring…
CEO of Crayon Group steps down
OSLO: Crayon Group ASA, the digital transformation experts, announced that Torgrim Takle will be stepping down as CEO as of March 15th. In his place, Melissa Mulholland, Crayon’s Chief Services & Solutions Officer will act as Interim CEO while the board evaluates internal and external candidates. Chairman of the Board Jens Rugseth stated, “We appreciate…
Mercury NZ launches green bond offer
AUCKLAND, NZ: Mercury NZ Limited (Mercury) confirmed today that it is offering up to $200 million (with the ability to accept up to an additional $50 million in oversubscriptions at Mercury’s discretion) of 5.5 year unsecured, unsubordinated fixed rate green bonds (Green Bonds). The offer opens today and is expected to close on 19 March…
Acumentis agrees to acquire Tasmania based Saunders & Pitt
SYDNEY: Acumentis Group Limited has exchanged on an unconditional agreement to acquire the business and assets of Saunders & Pitt, a valuation business operating in Tasmania. The acquisition will complete effective 31 March 2021, a news release said. Saunders & Pitt is an independent property valuation and consultancy firm which has a long history within…