AUCKLAND: AMP Limited and Ares Management Corporation have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments. Under the proposed transaction, Ares would acquire 60 percent of Private Markets and assume…
TruScreen Group removes CEO
AUCKLAND: TruScreen Group Limited has terminated the Service Agreement with Chief Executive Officer of the Company. Ms. Juliet Hull, a Non-Executive Director of the Company will assume an executive role as Interim Chief Executive Officer. Juliet holds a MBA from Macquarie Graduate School of Management and was previously the General Manager and Country Director of…
NOVATEK signs agreement with Shenergy to deliver LNG at terminals in China
MOSCOW: PAO NOVATEK’s wholly owned subsidiary NOVATEK Gas & Power Asia Pte. Ltd. and Shenergy Group signed a long-term LNG Sales and Purchase Agreement (SPA) for the LNG produced from the Arctic LNG 2 project. The SPA stipulates the cumulative supply of more than 3.0 million tons of LNG for a term of 15 years…
Skanska divests 220 rental apartments in Stockholm to NREP for about SEK 720 million
STOCKHOLM: Skanska, a world leader in construction and project development throughout the Nordic region, has divested 220 rental apartments in Stockholm, Sweden, to NREP for about SEK 720 million, a news release said. The multi-family project, which is under construction, includes a garage and commercial premises on the ground floor. The transaction will be recorded…
SES extends long-term partnership with Sky UK
PARIS: Sky UK has extended its contract with SES for satellite capacity in a new agreement that will add over EUR 90 million in secured backlog, a news release said. This renewal is in addition to capacity already under contract that extends through 2027. By the end of the renewed contract, Sky UK will have…
Fortinet Inc. prices $1.0 billion senior notes offering
SUNNYVALE: Fortinet Inc. has priced its underwritten, registered public offering of $1.0 billion aggregate principal amount of senior notes, consisting of $500 million aggregate principal amount 1.0% notes due 2026 and $500 million aggregate principal amount of 2.2% notes due 2031, a news release said. The offering is expected to close on March 5, 2021,…
Vow ASA plans spin off and subsequent listing of Vow Green Metals
OSLO: Vow ASA is currently contemplating to spin off Vow Green Metals as a new and separate entity, which will remain wholly owned and part of Vow ASA, and act as an incubator for other potential spin-offs in the future. Vow Green Metals will build, own, and operate plants that produce high value biocarbon and…
Centrica Plc commits to be net zero by 2045
LONDON: Centrica Plc announced that it will accelerate its commitment to be net zero by 2045, five years ahead of its previous target and the UK deadline. The company is also announcing a new commitment to helping its customers be net zero by 2050. The reduction in Centrica’s own emissions (scope 1 and 2) and…
Biffa Plc acquires Company Shop Limited for an upfront £82.5 million
LONDON: Biffa Plc, the UK’s leading sustainable waste management business, has announced the acquisition of Company Shop Limited (CSG) for an upfront enterprise value of £82.5 million. Company Shop Limited (CSG) is the UK’s leading and largest redistributor of surplus food and household products. It prevents waste by identifying surplus produce and then collecting, processing…
Swedbank not to file claims for damages against former CEOs and Board members
OSLO: The Board of Directors of Swedbank has decided not to file claims for damages against its former Chairs and CEO for the time they were employed in the fiscal year 2019. Last year, the Board of Directors decided not to initiate legal proceedings against Birgitte Bonnesen and Michael Wolf for the fiscal years prior…
Air New Zealand renews NZ government air travel contract
AUCKLAND: Air New Zealand has reached an agreement to continue supplying air travel services to New Zealand government agencies for a further two years as part of a panel of airline carriers, a news release said. The renewal will see Air New Zealand continue to partner with government agencies to match their specific needs for…
Facebook to spend $1 billion to license material from news publishers
HOUSTON: Social media giant, Facebook would spend at least $1 billion to license material from news publishers over the next three years. Facebook is facing scrutiny from governments around the world over paying for news content that appears on their platforms, WSJ reported. The spending plans are in addition to $600 million that Facebook paid…