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…
Alphabet Inc. remains the largest investor of JP Morgan Global Growth & Income Plc
WELLINGTON: JP Morgan Global Growth & Income Plc has announced that Alphabet Inc. remained the largest investor with 5.0 percent of the total assets as at 28 February 2021. According to the company, top ten investment constituting 32.4% of total assets include: Alphabet 5.0%Microsoft 4.6%Amazon 4.2%NXP 2.9%Analog Devices 2.8%Samsung Electronics 2.8%Coca-Cola 2.7%adidas 2.6%MasterCard 2.5%ConocoPhillips 2.5%…
Mercury NZ and PowAR enter binding agreement to acquire Tilt Renewables
AUCKLAND: Mercury NZ Limited, together with Powering Australian Renewables (PowAR), has entered into a Scheme Implementation Agreement to acquire Tilt Renewables Limited. Under the terms of the transaction, PowAR will acquire all the shares of Tilt (including Mercury’s shares) for NZ$7.80 per share, and Mercury will acquire all of Tilt’s New Zealand operations, including development…
Fiber optic infrastructure subscribers of Partner Fiber exceeds 150k
ROSH HA’AYIN: Partner Communications Company, a leading Israeli communications operator, announced the number of “Partner Fiber” fiber optic infrastructure subscribers exceeded 150 thousand. Partner’s infrastructure which is wholly owned by the Company and provides home browsing at speeds of up to 1,000 Mhz, was launched in August 2017, and in less than four years, is…
Life360 Inc. included to S&P/ASX 300 Index
SAN FRANCISCO: Life360 Inc. has been added to the S&P/ASX 300 Index in a rebalance resulting from the March quarterly review. The change will be effective at the open of trading on March 22, 2021, a news release said. The addition to the S&P/ASX 300 Index comes on the heels of Life360’s 2020 Full-Year Results…
Samarkand Group closes significantly oversubscribed fundraising
LONDON: Samarkand Group plc, the cross-border eCommerce technology and retail group, has raised £17 million in an over-subscribed fundraising, a news release said. On March 08, Samarkand Group announced its intention to apply for admission of its Ordinary Shares to trading on the Apex segment of the Aquis Stock Exchange Growth Market and that the…
KORE Wireless Group announces merger with Cerberus Telecom and NYSE listing
NEW YORK: KORE Wireless Group and Cerberus Telecom Acquisition Corp. (CTAC) have entered into a definitive merger agreement, a news release said. Upon completion of the transaction, the combined company expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”. The transaction is expected to provide approximately $484 million of…
Paragonix Technologies appoints Dr. Lisa Anderson as CEO & President
CAMBRIDGE: Paragonix Technologies Inc. announced that Lisa Anderson, Ph.D., has been elevated to the role of CEO, as William Edelman, who has served as Chairman and CEO since 2012, recently announced his retirement. John Cammett, member of the Board for over three years, will assume the role of Chairman of the Board of Directors. Dr….