LONDON: Drax Group plc announced that it has completed the sale of Drax Generation Enterprise Limited, which holds four Combined Cycle Gas Turbine (CCGT) power stations, to VPI Generation Limited. Drax Group announces sale of gas assets for £193.3 million Following the sale Drax no longer operates any CCGTs and on 31 March 2021 will…
Frenkel Topping acquires A&M Bacon Limited and Partners in Costs Limited for £9.0 million
LONDON: Frenkel Topping has acquired the entire issued share capital of A&M Bacon Limited and Partners in Costs Limited (PIC). A&M Bacon is a firm of civil and commercial litigation costs specialists and PIC is one of the UK’s leading costs law specialists with costs lawyers and costs consultants. The combined total maximum consideration is…
Canadian and Taiwanese authorities grant Lleida.net three new patents
PARIS: The Canadian and Taiwanese authorities have granted the technology services company Lleida.net three new patents, bringing its intellectual property portfolio to 200. In Canada, the company has received a patent for its “METHOD FOR CERTIFYING DELIVERY OF SMS/MMS DATA MESSAGES TO MOBILE TERMINALS” and for its “METHOD FOR CERTIFYING THE SENDING OF ELECTRONIC MAIL”….
Nathan Jacobsen appointed Managing Director of Easton Investments
SYDNEY: Directors of Easton Investments Limited announced that Nathan Jacobsen has been appointed managing director of Easton with effect from 1 February 2021. Jacobsen has agreed to join the Company as part of a broader transaction with HUB24 Limited, which involves: (a)Easton and HUB24 entering into a strategic partnership which includes a technology partnership and…
Shearwater GeoServices awarded 3D Survey in South East Asia
OSLO: GC Rieber Shipping ASA’s 17% owned geoservices company Shearwater GeoServices Holding AS announced the award of a marine seismic 3D survey in South East Asia. GC Rieber Shipping is a shipowner and project-house with focus on developing profitable and sustainable maritime projects. www.gcrieber-shipping.com
Orascom Construction gets $920 million new contract awards for Q4 2020
DUBAI: Orascom Construction (OC) announced that it has added approximately USD920 million of new awards to its backlog in Q4 2020. This brings total new awards in FY 2020 to USD 2.9 billion, reflecting the Group’s successful efforts to add high-quality projects and maintain a healthy backlog throughout the year. The estimated consolidated backlog stood…
Downer sells open cut mining west to MACA Limited
AUCKLAND: Downer EDI Limited announced today it had completed the sale of its Open Cut Mining West business to MACA Limited. As announced on 15 December 2020, Downer will receive over $200 million in cash proceeds as a result of the sale. Downer has received an initial payment of $109 million and will receive an…
Moody`s upgrades OBOS-banken’s deposits and issuer ratings
OSLO: Moody`s Investor Service has today upgraded OBOS-banken’s deposit and issuer rating to A3 from Baa1, respectively, both carrying stable outlook. The rating upgrades are a result of Moody’s Loss Given Failure (LGF) analysis which takes into account the bank’s funding plans, resulting in one notch rating uplift from the BCA. https://www.moodys.com/research/Moodys-upgrades-four-Norwegian-banks-deposit-and-issuer-ratings-and–PR_439268
UK orders another 40 million doses of Valneva COVID-19 vaccine for 2022
SAINT-HERBLAIN: Valneva SE reported the UK Government has exercised its option to order 40 million doses of its inactivated, adjuvanted COVID-19 vaccine candidate for supply in 2022. This brings the total volume of the Valneva vaccine ordered by UK Government to 100 million doses and the UK Government retains options over a further 90 million…
Jose Vizquerra Benavides appointed new Chairman of Sierra Metals
TORONTO: Sierra Metals Inc. announced that Jose Vizquerra Benavides has been appointed as Chairman of the Board of Directors of the Company. Mr. Vizquerra is President, CEO, and Director of O3 Mining Inc. and a Director of Osisko Mining Inc. Mr. Vizquerra was also Head of Business Development for Compañía de Minas Buenaventura S.A.A. (NYSE:…
iFAST participated in successful tender for eMPF Platform project
SINGAPORE: The Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong announced on 29 January 2021 that it has awarded PCCW Solutions Limited with the contract for the design, build and operation of the eMPF Platform. The eMPF Platform aims to standardise, streamline and automate the MPF scheme administration processes to create room for fee…
PSX 2nd best performing market in the region
Pakistan stock market emerges as 2nd best performing market in the region and 7th best performing market in the world. Historically we have seen healthy returns during the month of January and this month was no different. Infact KSE-100 returns (6.0%) have outperformed last 10-Yr average returns (4.1%) of January. The USD-based return for the…