LONDON: Taylor Maritime Investments Limited announced its intention to undertake an initial public offering (IPO) on the London Stock Exchange, by way of an initial institutional placing and offer for subscription for a target issue of 250 million new ordinary shares in aggregate at an initial issue price of US$1.00 per Ordinary Share. The Company…
Airtel Africa appoints new MD and Chief Executive Officer
LONDON: Airtel Africa plc, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, announced Olusegun “Segun” Ogunsanya, Managing Director and CEO Nigeria is to succeed Raghunath “Raghu” Mandava, as Managing Director and Chief Executive Officer following Raghu Mandava’s informing the Board of his intention to retire. Segun…
The City Pub Group acquires Kensington Park Hotel, increases stake in Mosaic Companies
LONDON: The City Pub Group has acquired a 49% stake in Barts Pub Ltd, owner of the iconic Kensington Park Hotel (KPH) in Ladbroke Grove, for £0.75 million. The Kensington Park Hotel (KPH) is a leasehold pub located 200 metres from Ladbroke Grove tube station. It has large trading areas on the ground and first…
HeiQ Plc acquires Germany based RAS AG for €5.1 million
LONDON: HeiQ Plc has acquired 100% of the share capital and voting rights of RAS AG, Regensburg, Germany. The Acquisition is for a consideration of €5.1 million, with €1.25 million payable in cash and €3.85 million through the issue of 1,701,821 new ordinary shares by HeiQ. It includes an additional earn out consideration dependent on…
SAS appoints Anko Van der Werff as new President and CEO
COPENHAGEN: SAS AB, Scandinavia’s leading airline, announced the appointment of Anko Van der Werff as President and CEO. He will join the company at the latest on July 15, 2021. The Board also appointed Karl Sandlund, Chief Commercial Officer at SAS, as acting President and CEO as of today. Rickard Gustafson will hand over to…
Ooredoo extends exclusivity period with CK Hutchison to combine Indonesian businesses
DOHA, QATAR: Ooredoo Q.P.S.C. has extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited in relation to a possible transaction to combine their respective telecommunications businesses in Indonesia, PT Indosat Tbk and PT Hutchison 3 Indonesia, until 30 June 2021. This extension will provide more time…
NOVATEK sells 10% stake in Arctic Transshipment LLC to Total SE
MOSCOW: PAO NOVATEK signed a Heads of Agreement with TOTAL on the sale of a 10% participation interest in Arctic Transshipment LLC. Arctic Transshipment LLC is NOVATEK’s wholly owned subsidiary that will eventual operate two LNG transshipment complexes currently under construction in the Kamchatka and Murmansk regions. The transshipment complexes are part of NOVATEK’s logistical…
eGate Egypt becomes exclusive distributor of Lleida.net services in Egypt
CAIRO: eGate Egypt has signed an agreement with Lleida.net to distribute all the services catalogue of Lleida.net, a news release said. Through the agreement, eGate Egypt becomes with immediate effect the exclusive distributor of Lleida.net services in Egypt. Lleida.net’s is partnering up with leading technology companies like eGate Egypt to provide its SaaS service line…
Thal Limited to setup polypropylene woven bags plant with an investment of Rs1.7 billion
KARACHI: Thal Limited, a subsidiary of House of Habib, is setting up a plant to manufacture polypropylene woven bags in Hub with an investment of Rs. 1.7 billion. Mr. Salman Burney Vice Chairman House of Habib performed the ground breaking recently for the plant at the factory of Thal limited located in Hub, and it…
Pak-Qatar Family Takaful Signs MoU with EasyInsurance
KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) came into an agreement with EasyInsurance at a signing ceremony held in Karachi. The agreement will allow EasyInsurance to offer PQFTL Family Sehat product on their website for the convenience of users in search of Takaful plans. EasyInsurance is Pakistan’s fastest-growing Insurance/Takaful aggregator to offer protection plans at the…
Orange intends to issue a new Euro-denominated hybrid note
PARIS: Orange S.A. announced intention to issue Euro denominated undated 8 year non-call deeply subordinated fixed to reset rate notes (the New Notes). The New Notes are scheduled to be admitted to trading on Euronext Paris. It is also expected that the rating agencies will assign the New Notes a rating of Baa3/BBB- (Moody’s/ S&P)…
Nordic Unmanned and Aeromon form joint venture for the maritime emission monitoring market
SANDNES: Nordic Unmanned has signed an agreement to form a joint venture with the Finnish company Aeromon, for the maritime emission monitoring market. The services provided by the joint venture will consist of: • Delivery and license of emission monitoring data platform • Providing emission monitoring equipment as a service • Providing data analysis and…