SYDNEY, AUSTRALIA: Engenco Limited (ASX: EGN) has executed an agreement to acquire all of the shares of Eureka 4WD Pty Ltd for a consideration of $4.5 million, a news release said. The acquisition is subject to standard conditions precedent for transactions of this nature and is expected to complete on 1 July 2021. Eureka is…
Seadrill Limited appoints Chief Operating Officer and Chief Financial Officer
HAMILTON, BERMUDA: Seadrill Limited announced the appointment of Grant Creed as Chief Financial Officer and Leif Nelson as Chief Operating Officer, both effective immediately. Grant is an experienced senior finance executive who joined Seadrill in 2013 and, prior to his appointment as Chief Financial Officer, was Chief Restructuring Officer leading Seadrill’s capital restructuring. During his…
Air New Zealand gets 5 more months of government assistance on cargo flights
AUCKLAND, NZ: Air New Zealand has been awarded an additional five months of cargo flights under the Government’s Maintaining International Air Connectivity (MIAC) scheme, a news release said. The MIAC scheme was announced by the Government in March 2021, following the success of the International Air Freight capacity (IAFC) scheme, to ensure a predictable and…
Amazon Inc. acquires MGM movie company for $8.45 billion
SEATTLE: Amazon Inc (NASDAQ: AMZN) and Metro-Goldwyn-Mayer movie company (MGM) have entered into a definitive merger agreement under which Amazon will acquire MGM for a purchase price of $8.45 billion, a news release said MGM has nearly a century of filmmaking history and complements the work of Amazon Studios, which has primarily focused on producing TV show programming. Amazon will help preserve MGM’s heritage and…
SenSen Networks signs agreement to acquire Scancam Industries for A$6.5 million
MELBOURNE, AUSTRALIA: SenSen Networks Limited (ASX: SNS) has entered into a Share Purchase Agreement for the acquisition of 100% of the issued share capital in Scancam Industries Pty Ltd for A$6.5 million. The proposed acquisition follows the completion of technical, financial and legal due diligence, a news release said. Scancam is a leading provider of…
Payment processor PayFast granted commercial license by State Bank of Pakistan
KARACHI: State Bank of Pakistan (SBP) has granted commercial license to PayFast, the indigenous payments solution by APPS, under its rules for Payment System Operators / Providers (PSO/PSP). PayFast enables merchants, billers, and aggregators to receive payments from their customers through a variety of methods such as bank accounts, wallets and domestic and international payment…
Horisont Energi concludes feasibility of Europe’s first large-scale carbon-neutral ammonia project
SANDNES, NORWAY: Horisont Energi AS has completed the feasibility phase of the Barents Blue project, laying the foundation for Europe’s first large-scale carbon-neutral ammonia plant, which will include offshore carbon storage. “The work carried out with our partner Haldor Topsøe A/S is pioneering and sets the global standard for blue hydrogen and ammonia plants, with…
S-Ventures Plc commences OTCQB trading
LONDON, UK: S-Ventures Plc shares have been approved to trade on the OTCQB Venture Market at the open on 26h May 2021 with ticker symbol SVTPF. The Company believes that listing on the OTCQB will provide enhanced investor benefits, including easier access in the United States, and greater liquidity due to a broader reach of…
LSEG announces Executive Committee changes
LONDON, UK: (London Stock Exchange Group) LSEG Plc announced that, with the integration of Refinitiv now well underway, David Craig will leave the Group at the end of 2021. Andrea Remyn Stone will become Group Head, Data & Analytics, effective 1 July, 2021. Andrea, currently Chief Product Officer, Data & Analytics, will work closely with…
Sampo continues to reduce its holding in Nordea Bank
HELSINKI, FINLAND: Sampo Group has announced a sale of a maximum of 162 million Nordea Bank shares to institutional investors. The sale represents at most 4.0 per cent of the outstanding shares in Nordea and would reduce Sampo’s ownership in Nordea to 11.9 per cent. The planned disposal represents a further step in Sampo Group’s…
Bonava AB winds down its operations in Denmark
STOCKHOLM, SWEDEN: Bonava AB, a residential developer in Northern Europe, has decided to wind down its operations in Copenhagen and exit the Danish market in order to increase efficiency and profitability in the Group, a news release said. The decision is the first step in the company’s strategic review. Costs of approximately SEK 120 million…
Engie SA sells 3.7 million shares in GTT at €67/share
PARIS, FRANCE: Engie SA has completed the sale of 3.7 million shares of Gaztransport & Technigaz (GTT) at €67/share and raised €248 million through a private placement executed through an accelerated bookbuilding process. Concurrently with the equity placement, Engie priced exchangeable bonds due 2024 for an aggregate nominal amount of €290 million, which will be…