PARIS: Groupe Renault, Veolia and Solvay announced their partnership to enable the circular economy of EV battery metals in Europe through closed-loop recycling. The existing Veolia and Solvay consortium, created in September 2020, is thus reinforced with Groupe Renault’s pioneering position and experience in circular economy and in the life cycle of EV batteries, leading…
Air Liquide signs agreement to purchase renewable electricity in the Netherlands, Vattenfall
PARIS: Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall to purchase a total of 25 megawatts of offshore wind capacity in the Netherlands, a news release said. Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Following PPA agreements in the United States and Spain, this is…
Kahoot! starts trading on the Oslo Stock Exchange main list
OSLO: Kahoot!, the global learning platform company, started trading on the Oslo Stock Exchange on Thursday, marking an important milestone in the company’s history and its vision to grow as a leading learning platform worldwide. Kahoot! ASA is listed under the ticker KAHOT. Since its launch in 2013, Kahoot! has become a global pop culture…
Ofcom ramping up rollout of full-fibre broadband
LONDON: Millions of homes across the country are set be upgraded to faster, more reliable broadband, under new regulations announced today by Ofcom that will help shape the UK’s full-fibre future. The coronavirus pandemic has underlined the importance of a reliable internet connection. The UK’s copper telephone network – some of which was laid over…
Keywords Studios acquires 85% interest in Tantalus Media for up to $46.8 million
LONDON: Keywords Studios has acquired an 85% interest in Tantalus Media for a total consideration of up to US$46.8 million. The investment will further the Group’s strategy to become the ‘go to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market. Founded…
XLMedia to acquire Sports Betting Dime (SBD) for $26 million
LONDON: XLMedia Plc has entered into an agreement to acquire the business and assets of Sports Betting Dime (SBD) for a total approximate consideration of US$26 million. In addition XLMedia announces its intention to raise gross proceeds of £23 million by means of a placing, a direct subscription with the Company and an Open Offer….
Vodafone and Vantage Towers set final offer price at €24 per Vantage Towers share
LONDON: Vodafone Group and Vodafone GmbH in consultation with Vantage Towers AG and the underwriters have set a final offer price of €24.00 per share for existing ordinary registered shares with no par value offered in Vantage Towers’ initial public offering (IPO). In total, Vodafone is placing 95.833 million shares (including 12.5 million shares to…
National Grid acquires PPL WPD Investments for £7.8 billion, sells Narragansett Electric for $3.8 billion
LONDON: National Grid plc has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution (WPD), for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company (NECO) to PPL Energy Holdings for an equity value of US$3.8 billion. In addition, National Grid announces…
Maintel to sell managed print services business unit to Corona Corporate Group for £4.5 million
LONDON: Maintel Holdings, the leading provider of cloud and managed communication services, has signed a conditional agreement for the sale of its Managed Print Services Business Unit to Corona Corporate Group Limited (CCS) for a cash consideration of £4.5 million. The Disposal is in line with the Company’s strategy of focusing on its transformation to…
Magnora inks partnership with TechnipFMC to develop floating offshore wind projects
OSLO: Magnora ASA and TechnipFMC have entered into an agreement to jointly pursue floating offshore wind project development opportunities under the name Magnora Offshore Wind. Reference is made to Magnora’s stock exchange announcement dated 29 January 2021 regarding entering into an agreement with an undisclosed global offshore energy technology and service company to establish a…
Pilbara Minerals launches digital platform to sell concentrate produce
SYDNEY: Pilbara Minerals Limited announced the execution of an agreement with GLX Digital Limited, which introduces a new digital trading and sales platform for Pilgangoora Project spodumene concentrate production. The platform is intended to provide Pilbara Minerals with a further avenue for sales growth, offering interested parties the ability to access current and future unallocated…
Westpac Group sells lenders mortgage insurance business to Arch Capital
AUCKLAND: Westpac Group will sell Westpac Lenders Mortgage Insurance Limited (WLMI) to Arch Capital Group (Arch) and enter into a 10-year exclusive supply agreement forArch to provide Lenders Mortgage Insurance (LMI) to the Group. The sale price will be at book value which will be determined at completion. The transaction also includes small, fixed annual…