OSLO: XXL ASA and Frasers Group plc are close to agreeing a mutually beneficial strategic partnership with the aim of strengthening XXL’s position in the Nordics. Frasers Group, which owns a large portfolio of retail brands including Sports Direct and more than 30 % of XXL’s Class A shares, believes XXL to be uniquely positioned to…
Mutares SE to acquire Cikautxo Rubber & Plastic Components
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cikautxo Rubber & Plastic Components (Kunshan) Co., Ltd. from CIKAUTXO S.COOP. The company will join the SFC Group, part of Amaneos, as a new add-on investment, strengthening the group’s presence in the market as global partner for plastic-based systems for the automotive industry and…
Norconsult has acquired Swedish infrastructure consulting company WIKON
SANDVIKA: Norconsult Sverige AB, a subsidiary of Norconsult ASA, has acquired the Swedish infrastructure consulting company Wermlands Infrakonsult AB (WIKON). WIKON specialises in water and sewage, land, traffic, roads and streets with both public and private customers. The company was established in 2011 and offers services in investigation, design, project and construction management as well…
Green Lithium partners with EDF to produce low-carbon lithium in UK
MIDDLESBROUGH: Green Lithium Refining Limited announced that it is backing EDF’s Tees Green Hydrogen project regarding the supply of hydrogen to its large-scale lithium refinery at PD Ports in Teesside, UK. Currently, the majority of the world’s lithium is refined in China. The UK’s and EU’s reliance on international sources of refined lithium chemical imports…
TotalEnergies to deliver a total of 1.3 million tons LNG to India and South Korea
PARIS: In line with its strategy to grow its liquefied natural gas (LNG) business, TotalEnergies (NYSE:TTE) announced the signing of two new LNG medium- and long-term contracts in Asia: These agreements allow TotalEnergies to secure medium-term outlets for its global LNG supply portfolio. They also strengthen the Company’s footprint in Asian markets, where it is…
LondonMetric Property sells £37 million of office assets
LONDON: LondonMetric Property Plc announced that it has exchanged contracts to sell two offices in Scotland to a single buyer for £36.6 million, reflecting a blended NIY of 7.0%. The sales are former LXi assets and comprise: Separately, LondonMetric has sold a former LXi care home in the West Midlands for £0.5 million. LondonMetric has…
Atrato Onsite Energy acquires portfolio of solar PV systems for £9.3 million
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, announced the acquisition of a fully operational portfolio of solar PV systems for a total consideration of £9.3 million. The portfolio includes three solar assets with a total capacity of 13MW with a 10-year average remaining contracted term and comprises:…
Checkit Plc offers to acquire Crimson Tide for £12 million
Checkit Offer update and receipt of possible cash offer from Ideagen LONDON, UK: Checkit Plc, the augmented workflow and smart sensor automation company for frontline workers, has approached board of Crimson Tide offering to acquire the entire issued and to be issued share capital of Crimson Tide. Under the terms of the possible offer, each…
Invinity Energy Systems expands UK manufacturing to 500 MWh per year
LONDON: Invinity Energy Systems plc (AIM: IES), a leading global manufacturer of utility-grade energy storage, has leased an additional manufacturing facility in order to meet the growing demand for long-duration energy storage in the UK. The 26,000 sq. ft (2,415 m2) facility located in Motherwell, North Lanarkshire is c.6 times the size of the Company’s…
AuthuSign revolutionizes E-Signatures with secure, privacy-centric platform
AuthuSign, a pioneering e-signature platform, announced its soft launch, offering a groundbreaking solution that prioritizes both security and privacy. Built on the innovative Commitment to a Document Hash (CDH) approach powered by the Ethereum blockchain, AuthuSign empowers businesses and individuals to sign agreements electronically with unparalleled security and confidentiality. “Traditional e-signature solutions often have limitations,”…
Emaar announces AED 1.5 billion expansion of Dubai Mall
DUBAI: Emaar Properties has announced a monumental expansion of Dubai Mall, which will include 240 new luxury stores and food and beverage outlets. This project represents an investment of 1.5 billion dirhams, and the contractor is already mobilising on-site. Announcing the impressive enhancement, Mohamed Alabbar stated, “The new Dubai Mall expansion is a great addition…
International Islamic Trade Finance Corporation signs mutual business cooperation with Qatar Development Bank
DOHA: The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Qatar Development Bank (QDB) have announced the signing of a Memorandum of Understanding (MoU) to bolster mutual business cooperation. The MoU aims to support QDB’s SME Export Development Program and enhance the capabilities of Qatari entrepreneurs and innovators, as well as small and medium enterprises…