MOSCOW: Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces that Global Palladium Fund (GPF), founded by Nornickel, has launched Exchange Traded Commodities (ETC) for metals on Deutsche Börse giving markets low-cost access to commodity investment opportunities. The fund intends to launch the ETCs on…
Scatec ASA receives regulatory approvals to acquire SN Power
OSLO: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. Scatec is a leading renewable power producer, delivering…
Sonia Lashand Sedler appointed Group’s Chief Operating Officer at Keywords Studios
LONDON: Keywords Studios, the international technical and creative services provider to the global video games industry, announced the appointment of Sonia Lashand Sedler to the Board of Keywords Studios as the Group’s Chief Operating Officer (COO), with effect from today, 18 January 2021. In this new Board position which reports to Andrew Day, CEO, Sonia…
James Cropper acquires PV3 Technologies
LONDON: Technical Fibre Products Ltd (TFP), a subsidiary of James Cropper PLC, has entered into a definitive agreement to acquire PV3 Technologies Limited (PV3), a company which specialises in the development and manufacture of electrochemical materials used in the creation of green hydrogen. The acquisition is the latest step in TFP’s growth, building on recent…
SEC Newgate announces merger and rebranding of UK Agencies
LONDON: SEC Newgate S.p.A., the insight-driven global strategic communications group, announced two further key steps, in line with its strategic plan, to create a fully unified, powerful global communications brand. With immediate effect, its two largest UK agencies, SEC Newgate UK Ltd. (formerly Newgate Communications Ltd) and Newington Communications Ltd (Newington), will merge and rebrand…
Begbies Traynor acquires CVR Global for £20.8 million
LONDON: Begbies Traynor Group has completed the acquisition of CVR Global LLP, a news release said. Highlights of the acquisition: Maximum potential consideration of £20.8m on a cash free and debt free basis, financed from the group’s existing bank facilities Represents the largest insolvency acquisition the group has undertaken to date Delivers a significant expansion…
MGI to acquire award-winning US game developer KingsIsle for upto $210 million
STOCKHOLM: Media and Games Invest (MGI) entered into an agreement with the shareholders of KingsIsle Entertainment Inc. to acquire 100 percent of the shares of KingsIsle, a news release said. KingsIsle, based in Austin, Texas, is a leading game developer and publisher. The fully owned Massive-Multiplayer-Games Wizard101 and Pirate101 are having very loyal communities and…
JCurve Solutions board restructured for growth
SYDNEY: The Board of JCurve Solutions Limited (JCS) notified a series of changes to the composition and structure of the Board. JCurve noted the resignation of David Franks as a director of JCS with immediate effect. The Company thanks David for his wise counsel and guidance over the past six years as a director. JCS…
Serneke’s rights issue oversubscribed
STOCKHOLM: Serneke Group AB announced that the Company’s subscription ratio in the rights issue amounts to 187 percent. The subscription period for the rights issue ended on 13 January 2021. The final result in the rights issue shows that 3,060,929 series B shares, corresponding to approximately 95.5 per cent of the offered shares, were subscribed…
Arcadis announces global partnership with Techstars start-up, Irys
AMSTERDAM: Arcadis N.V, the leading global Design & Consultancy organization for natural and built assets, announced a global partnership with Irys, a Techstars start-up based in Texas, USA. The new partnership will see Arcadis incorporate Irys’ cutting edge and human centric engagement tools within its own infrastructure, mobility and buildings projects with the aim to…
Prodware shows strong business performance in Q4 2020
PARIS: Despite a dire economic situation, the Prodware Group sees a significant surge in technological investments in the 4th quarter of 2020 on behalf of many customers, both mid-market companies and subsidiaries of large groups. With the growing demand for digitalization, especially with regard to support functions, brought on by the generalization of remote work,…
Total acquires 20% interest in Adani Green Energy Limited
PARIS: Total SE has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform – and Total, in the transition and green energy fields in India. The investment in AGEL is another step…