LONDON: Caledonia Investments has sold its shareholding in Buzz Bingo to Intermediate Capital Group (ICG) for a nominal amount, a news release said. The Covid-19 crisis and the severe restrictions imposed by the Government on leisure sector businesses have led to Buzz’s clubs being unable to trade for much of the past 12 months. Buzz…
Serica Energy announces Columbus development well spud
LONDON: Serica Energy plc announced the spud of the Columbus 23/16f-CDev1 development well in the UK Central North Sea which will be drilled to a total depth of 17,600ft and will include a 5,600ft horizontal section. The well is being drilled with the Maersk Resilient Heavy Duty Jack Up rig and is expected to take…
Intact gets regulatory approval to acquire RSA’s business outside Norway and Sweden
COPENHAGEN: Intact Group has obtained approval from the Danish Competition and Consumer Authority to acquire sole control of RSA’s business outside Norway and Sweden, including the acquisition of sole control of RSA’s Danish business placed in Codan A/S. Today, the Danish Competition and Consumer Authority has announced that approval has been granted to Intact Financial…
Nokia appoints Melissa Schoeb as Chief Corporate Affairs Officer and member of leadership team
ESPOO: Nokia announced the appointment of Melissa Schoeb as Chief Corporate Affairs Officer and member of the Group Leadership Team, effective from 12 April 2021. Nokia’s Chief Corporate Affairs Officer oversees Communications, Government Relations, Brand and Sustainability. Melissa has extensive experience in corporate affairs and joins Nokia from Occidental, one of the world’s largest independent oil…
Rexel acquires 100% of Freshmile Services, 25% stake in Trace Software International
PARIS: Rexel Group has acquired a minority stake in Trace Software International and 100% of Freshmile Services. The ambition underpinning these 2 acquisitions is to complete the current range of software solutions with a new proposition dedicated to the non-residential market to facilitate the daily work of our customers; and offer a full range of…
Gimv acquires majority shareholding in Verkley
BRUSSELS: Gimv has acquired a majority shareholding in Verkley, which specialises in building and maintaining underground cable and pipeline networks for energy and water, a news release said. Gimv has acquired the shares from PMH Investments in Heerenveen.Verkley’s experienced management is also reinvesting. In cooperation with Gimv, Verkley is keen to anchor and expand its…
IDEX selected as strategic technology partner for Goldpac’s hardware wallet initiative
OSLO: IDEX Biometrics ASA has been selected to be the strategic technology partner, by Goldpac Group Ltd on their Digital Currency/Electronic Payment (DC/EP) hardware-based digital wallet initiative. IDEX has also received a new order for fingerprint sensors to support this initiative. DC/EP is the name given to the Central Bank Digital Currency (CBDC) of China…
Kongsberg wins $40mn contract to equip US wind turbine installation vessel
OSLO: Kongsberg Maritime has won a US $40 million contract to supply a comprehensive integrated technology solution for a Wind Turbine Installation Vessel (WTIV), to be built at Keppel AmFELS shipyard in the USA. The ship, which is being constructed for US energy company Dominion Energy, is expected to be delivered by the end of…
Caledonia Mining to be added to the GDXJ Index
ST HELIER: Caledonia Mining Corporation notes that it is to be included in the MVIS Global Junior Gold Miners Index (GDXJ Index) for the first time following the GDXJ Index’s first quarter 2021 review. The GDXJ Index forms the basis of various passive gold sector investment funds in the North American market, the most significant…
FrieslandCampina and Domty form joint venture to tap African and Middle Eastern cheese market
LONDON: The Dutch dairy company FrieslandCampina International Holding and the Arabian Food industries Company (Domty) have signed a joint venture agreement that will focus on the export of cheese to Africa and the Middle East. FrieslandCampina and Domty are combining their efforts in a new company that will export and sell affordable cheese propositions to…
Ricardo Plc secures $89 million contract from US Army
LONDON: Ricardo Defense has secured a three-year, $89M contract to provide critical safety upgrades protecting the lives of thousands of HMMWV operators around the world, a news release said. Detroit, Michigan -The Army today awarded Ricardo Defense a base contract to provide up to 9,480 critical safety improvement Antilock Brake System / Electronic Stability Control…
Ofcom raises £1.356 billion from principal stage spectrum auction
LONDON: Ofcom, UK’s communication regulator, has raised a total of £1.356 billion from the principal stage spectrum auction, with all money to be paid to HM Treasury. Ofcom has announced the outcome of the principal stage of its auction to release more airwaves to improve mobile services and support 5G. A total of 200 MHz…