PARIS: Voltalia announced the launch of the construction of the Hallen Battery Energy Storage System (BESS), a 32-megawatt /32 megawatt-hour storage power plant located near the city of Bristol in the Avonmouth aera. Hallen BESS will contribute to the stability of the UK’s electricity grid, in a context of an increasing transition to the use…
Arribatec awarded 5 year software contract with major European cruise liner
OSLO: IB (Arribatec Marine Solutions), a subsidiary of Arribatec Solutions ASA, has been awarded a five-year Software-as-a-Service (SaaS) contract with a major European based Cruise Liner for a total of 17 cruise ships. “We´re pleased to announce that our state-of-the-art marine solutions are gaining traction in the market, now selected by one of the largest…
Zoom Video Communications sets up $100 million venture fund
SAN JOSE: Zoom Video Communications announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate,…
Blockchain Foundry appoints Fulvio Ciano and Peter Jubb
TORONTO: Blockchain Foundry Inc. (BCF), a leading North American blockchain development firm, has expanded its leadership team with two key management hires who joined the company today. Fulvio Ciano is joining the Company as Director of Software Development Consulting & Delivery and will be responsible for all aspects of BCF’s consulting practice and associated software…
Jushi Holdings agrees to acquire Nature’s Remedy of Massachusetts for $110 million
BOCA RATON: Jushi Holdings Inc. has reached a definitive binding agreement to acquire Nature’s Remedy of Massachusetts Inc. and certain of its affiliates, a vertically-integrated single state operator in Massachusetts, for total consideration of up to US$110 million. Nature’s Remedy currently operates two retail dispensaries, in Millbury, MA and Tyngsborough, MA, and a 50,000 sq….
Victoria’s Gaz du Cameroun signs $5 million settlement with Eneo
LONDON: Victoria Oil & Gas’s whose wholly owned subsidiary, Gaz du Cameroun S.A. (GDC) has signed a settlement agreement with Eneo which will result in the payment of the gross amount to GDC, within 30 days of the signing, of approximately 2.74 billion FCFA (Central African CFA franc) (circa US$5 million). GDC is the onshore…
Glamox has signed an agreement to acquire Luminell
OSLO: Glamox, a Norwegian industrial group, has signed an agreement to acquire 100% of the shares in the Norwegian company Luminell Group AS, a news release said. Established in 2010, Luminell has achieved a strong position as a high-quality developer and supplier of floodlights, searchlights, and lighting controls in the marine and offshore lighting market….
Pfizer and BioNTech to supply European Union with 100 million additional doses
NEW YORK: Pfizer Inc. and BioNTech SE announced they will supply an additional 100 million doses of COMIRNATY, the companies’ COVID-19 vaccine, to the 27 European Union (EU) member states in 2021. This announcement is a result of the European Commission’s (EC) decision to exercise its option to purchase an additional 100 million doses under its expanded Advanced Purchase…
Wildcat Petroleum signs Crown Energy to participate in any future Initial Coin Offering
LONDON: Wildcat Petroleum Plc has signed a Memorandum of Understanding (MoU) with Crown Energy AB, the NGM Main Regulated Stockholm listed international group focused on oil and gas exploration in Africa and the Middle East, for their potential participation in any future Initial Coin Offering (ICO) that Wildcat may launch. Wildcat Petroleum is targeting investment…
ABN AMRO agrees to pay EUR 480 million in anti-money laundering investigation settlement in the Netherlands
AMSTERDAM: ABN AMRO Bank N.V. has accepted a settlement offer from the Dutch Public Prosecution Service (DPPS) in connection with the previously announced investigation by the DPPS into ABN AMRO’s compliance with its obligations under the Dutch Anti-Money Laundering and Counter Terrorism Financing Act (Wet ter voorkoming van witwassen en financiering van terrorisme, AML/CTF Act)…
SEK 3.9bn divestment of Grand Group and the Grand Hôtel property
STOCKHOLM: Investor AB’s Patricia Industries and its subsidiary Vectura, have agreed to divest Grand Group and the Grand Hôtel property, respectively, to FAM AB. The transaction includes the hotel operations Grand Hôtel, Lydmar Hotel and The Sparrow Hotel, all located in Stockholm, as well as the Grand Hôtel property. The total transaction value amounts to…
Perry Ha appointed CEO of Anoto Group AB
STOCKHOLM: The Board of Directors of Anoto Group AB has appointed Perry Ha as new CEO for the company. Perry Ha, who previously has served as Chairman of the Board, will assume the role as CEO, when the previous CEO, Joonhee Won, steps down. Joonhee Won will instead be focusing on developing Anoto’s subsidiary for…