LONDON: The Apax X Fund, in which AGA is a limited partner, announced that it had entered into a definitive agreement to acquire the PIB Group, a leading independent specialist insurance intermediary. The transaction is expected to close in the first half of the year. On a look through basis, AGA is expected to invest…
Singapore Exchange launches ESG derivatives
SINGAPORE: Singapore Exchange (SGX) is accelerating its SGX FIRST sustainability agenda with the launch of its pioneering suite of ESG derivatives, a news release said. SGX developed the new contracts in partnership with FTSE Russell to offer investors more choice in promoting the integration of Environment, Social and Governance (ESG) factors into institutional investment portfolios…
GeNeuro gets French state grant for COVID-19 research action
PARIS: GeNeuro has received an award from the French national research agency, ANR (Agence Nationale de Recherche), for its COVERI project focused on understanding the role of human endogenous retrovirus (HERV) proteins in the abnormal immune-inflammation or the neurological damages suffered by important subsets of COVID-19 patients. In June 2020, GeNeuro signed a research agreement…
EQT joins forces with Exeter Property Group
STOCKHOLM: EQT AB announced the signing of a combination with Exeter Property Group, a leading global real estate investment manager with more than USD 10bn of assets under management. Total consideration of USD 1.87 billion, comprising new EQT AB shares of USD 800 million and cash USD 1.07 billion (including refinancing of USD 300 million…
Synlait increases forecast milk price to $7.20 kgMS
AUCKLAND: Synlait Milk Limited has updated its forecast base milk price for the 2020/2021 season to $7.20 kgMS from $6.40 kgMS. Synlait’s decision to increase its forecast base milk price was driven by the strong increase in dairy commodity prices over recent months and the company’s view that commodity prices will remain around current levels…
TECO 2030 launches Fuel Cell Container
LYSAKER: TECO 2030 ASA announced two products undergoing development and Type Approval in accordance with Maritime rules and regulations; The “FCC 1600” Fuel Cell Container and the “FCM 400” Fuel Cell Module. “The “FCM 400” fuel cell module is TECO 2030’s building block for Marine applications. The zero-emission fuel cell has 400 kW net power…
Sanofi, Capgemini, Generali and Orange to create e-health digital ecosystem
PARIS: Sanofi, Capgemini, Generali and Orange are forming a joint venture in France to fast-track the development of concrete healthcare solutions and to make them available to the market for the benefit of patients, a news release said. The project, on a scale that is unique in Europe, will bring together leading scientific and technological…
Sale of BankNordik’s Danish activities to Spar Nord approved
COPENHAGEN: The Danish FSA and the Danish Competition and Consumer Authority have approved the sale of BankNordik’s Danish activities to Spar Nord. On 22 December 2020 BankNordik entered into a conditional agreement with Spar Nord on the sale of BankNordik’s Danish activities. The sale has now been approved by the Danish FSA and the Danish…
Merger of Nykredit Realkredit and LR Realkredit
COPENHAGEN: Today, the merger of Nykredit Realkredit A/S and LR Realkredit A/S was adopted by the general meetings of Nykredit Realkredit A/S and LR Realkredit A/S in accordance with the merger plan of 11 December 2020. On 18 January 2021, the Minister of Industry, Business and Financial Affairs approved the merger pursuant to section 204…
Norwegian authorities restrict retail trade till January 31st
ALNABRU: Norwegian authorities have decided to temporarily close down retail trade stores in 25 municipalities in and around Oslo. “In this area we have three store locations. As we also are targeting the professional market, these three stores will be open for professional customers, and private customers will be handled through our digital solutions. These…
Polyus’ MSCI ESG rating re-affirmed as A
LONDON: PJSC Polyus announced that MSCI has confirmed the Company’s rating as an A for the second year in a row. In the report, MSCI highlights Polyus’ leading position among global precious metals players in terms of health & safety, water stress, and biodiversity & land use, whilst the Company is not listed as a…
boohoo acquires all intellectual property assets of Debenhams Retail for £55 million
LONDON: boohoo, a leading online fashion retailer, has acquired all of the intellectual property assets of Debenhams Retail Limited from its joint administrators, for £55 million in cash. Debenhams is a long-standing and leading UK fashion and beauty retailer with high brand awareness, and an established online platform with approximately 300 million UK website visits…