KARACHI: National Electric Power Regulatory Authority (NEPRA) has awarded a 25-year levelized tariff of Rs6.425/kwh to Hamid Mir sponsored Safe Solar Pvt Ltd for its 10MW solar power plant being setup in Bhawalpur with a cost of $9.25 million. The project is expected to commence commercial operations within six months and would provide electricity…
Red Light Holland closes $9.77 million bought deal financing
TORONTO: Red Light Holland Corp., an Ontario-based corporation, has closed its previously announced bought deal short form prospectus offering, including the exercise in full of the underwriter’s over-allotment option. In connection with the offering, the Company issued 38,334,100 units of the Company at a price of $0.255 per Unit, for aggregate gross proceeds of $9,775,195….
Panther Tyres Limited raises Rs2.63 billion in an over-subscribed bookbuilding
KARACHI: Panther Tyres Limited successfully raised Rs2.632 billion through a two-day book building, which saw a broad based participation from institutional and high net worth investors. The book building was over-subscribed by 4.4 times with price closing at the Rs. 65.80 per share; an increase of 40% from the floor price of Rs. 47.0 per…
PSX lists first shelf registered instrument issued by Bank Alfalah
KARACHI: In a very encouraging development for the debt market of Pakistan, an innovative, new debt instrument has been issued and listed on Pakistan Stock Exchange (PSX) by Bank Alfalah (BAFL), a news release said. Bank Alfalah has issued Medium Term Note in the form of Term Finance Certificates (Tranche Series-A) of PKR 11,000 million…
Vow ASA and Arcelor Mittal to jointly build biogas plant in Luxembourg
OSLO: Vow ASA has signed a strategic memorandum of understanding with ArcelorMittal, the world’s leading steel and mining company, to work on a project to build a biogas production plant that will reduce CO2 emissions produced during the steelmaking process. Vow subsidiary ETIA and ArcelorMittal Europe – Long Products, a leader in the production of…
Vow ASA
Vow ASA develops and delivers world leading technology and solutions that purify wastewater and convert waste into valuable resources and clean energy. In Vow and our subsidiaries Scanship and Etia we are passionate about preventing pollution. Our advanced technology and world leading solutions purify wastewater and convert biomass and waste into valuable resources and generate…
Fauji Foundation conducts due diligence for the acquisition of Silkbank Limited
KARACHI: Silkbank Limited has agreed to allow Fauji foundation to conduct due diligence and evaluate the bank, as the Fauji Foundation intends to acquire Silkbank Limited. “We would like to inform that Fauji Foundation (FF) have expressed an interest in acquiring the majority stake in Silkbank Limited. As part of the process, Silkbank has been…
Apax Global Alpha Limited sells Signavio to SAP
LONDON: The Apax Digital Fund (ADF) has announced that it has agreed to sell portfolio company Signavio, a leading provider of business transformation solutions, to SAP, subject to customary closing conditions. The transaction values AGA’s look through investment in Signavio at approximately €8.7m1. This represents an uplift of c.80% to last Unaffected Valuations and an…
VAALCO enters into crude oil derivative contracts
HOUSTON: VAALCO Energy Inc. has entered into crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period from and including February 2021 through January 2022. These swaps will settle on a monthly basis, a news release said. The Company is…
Avacta signs collaboration agreement with Bruker
LONDON: Avacta Group plc has entered into a collaboration agreement with Bruker Corporation to evaluate the Affimer-based, bead assisted mass spectrometry (BAMSTM) SARS-CoV-2 assay, that the Group has developed with Adeptrix Inc.. Bruker is one of the world’s leading analytical instrumentation companies providing high-performance scientific instruments and high-value analytical and diagnostic solutions to scientists globally….
Getech Group notifies appointment of new chairman and board changes
LONDON: Getech, a provider of data, knowledge and software products to the energy industry, announced that, following a thorough external recruitment process, Richard Bennett will join the Board of Getech as Non-Executive Director and Chairman Designate with immediate effect. After a handover period, Richard will assume the Getech Chairmanship, at which point Dr Stuart Paton,…
One Media iP Group will launch Men & Motors TV channel
LONDON: One Media iP Group Plc will launch a new Men & Motors TV channel to be hosted by Shane Lynch, best known as a member of Boyzone, and Torie Campbell, best known for fronting ‘One Second in F1 Racing’. The channel, which will deliver an additional income stream for One Media from advertising revenue…