LONDON: TechnipFMC announced that TechnipFMC priced its previously announced offering of $1.0 billion aggregate principal amount of 6.5% senior unsecured notes due 2026 in a private offering. TechnipFMC previously announced planned separation (Spin-off) into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider, and Technip Energies, a leading engineering and…
Mikko Koskimies appointed CEO of eQ Plc
HELSINKI: eQ Plc’s Board of Directors has decided to appoint Mikko Koskimies as CEO of eQ Plc. Mikko Koskimies acts currently as the Managing Director of eQ Asset Management Ltd and will continue also in this position after the nomination. The appointment will take effect on 1 April 2021. Major shareholders of eQ Plc have…
Skanska divests Sörred Kubiklager in Gothenburg for about SEK 265 million
STOCKHOLM: Skanska has sold the logistics property Sörred Kubiklager at Hisingen in Gothenburg, Sweden for about SEK 265 million, a news release said. The sale will be registered by Skanska Commercial Development Nordic in the first quarter of 2021. The buyer, Baring, will take over the property in February 2021. Sörred Kubiklager is an approximately…
X5 Retail Group 2020 net sales increase 14.3%
AMSTERDAM: X5 Retail Group, a leading offline and online food retailer in Russia, announced the Company’s preliminary consolidated net retail sales and operational results for the fourth quarter (Q4) and full year (FY) ended 31 December 2020(2). X5 Chief Executive Officer Igor Shekhterman said: “Our performance in 2020 shows that we chose the right strategic…
Patrick Tiernan to join Lloyd’s as Chief of Markets
LONDON: Lloyds of London announced that Patrick Tiernan will be joining the Corporation in the newly created role of Chief of Markets, which will oversee market performance and distribution. Patrick will join Lloyd’s from Aviva where he is currently the Managing Director, UK Commercial Lines & Global Corporate & Speciality, and previously the Chief Financial…
S-Ventures acquires We Love Purely Limited
LONDON: S-Ventures PLC has acquired a 75.1% interest in We Love Purely Limited through the issue of 1.529 million ordinary shares in S-Ventures, equating to approximately £137,600 at a price of 9p per share, to the shareholders of Purely along with a cash payment of £30,000 to repay an outstanding Purely shareholder loan. Purely is…
Snow Lake Resources plans IPO in United States
SYDNEY: Nova Minerals Limited announced that its subsidiary, Snow Lake Resources Ltd., plans to conduct a registered initial public offering (IPO) in the United States. The timing, number of securities and price of the proposed offering have not yet been determined. Snow Lake Resources Ltd, based in Manitoba, Canada is rapidly advancing the Thompson Brothers…
Elekta divests its stake in ViewRay
STOCKHOLM: Elekta AB has sold its 7.3 percent of the outstanding common stock (11,501,597 shares) in ViewRay Inc., a news release said. Elekta has no remaining shares in ViewRay after the transaction. The shares in ViewRay were purchased in a public offering in December 2019 at USD 3.13 per share and sold today at USD…
Money360 appoints Tom MacManus as CEO
LADERA RANCH: Money360, a commercial real estate direct lender, announced that Tom MacManus has been promoted to President & Chief Executive Officer (CEO). Current CEO Evan Gentry will step back from day-to-day operations and transition responsibilities, effective April 5, 2021. Gentry has accepted a three-year assignment from his church to serve as a mission president…
M360 Advisors appoints John Maute as CEO
LADERA RANCH: M360 Advisors LLC, a U.S.-based investment management company managing alternative investment vehicles, announced that John Maute has been appointed Chief Executive Officer (CEO). Current CEO Evan Gentry will step back from day-to-day operations and become the Chairman of M360 Advisors, effective April 5, 2021. Gentry has accepted a three-year assignment from his church…
Heartland Australia issues A$75 million Australian medium-term notes
AUCKLAND: Heartland Group Holdings Limited announce that its subsidiary Heartland Australia Group Pty Limited has completed a senior unsecured bond placement of A$75 million with a key Australian institutional fixed income investor, arranged with the assistance of Westpac Institutional Bank. This is the third issuance under Heartland Australia’s Medium-Term Note programme and takes aggregate outstanding…
Tetra Tech wins $25 million USAID contract
PASADENA: Tetra Tech Inc., a leading provider of high-end consulting and engineering services, announced that the United States Agency for International Development (USAID) awarded the Company a five-year, $25 million single-award contract to increase renewable energy consumption and reduce deforestation in Zambia. The Alternatives to Charcoal Activity represents the flagship investment from the USAID/Zambia Mission…