HELSINKI: BHG Group AB (publ), the number 1 consumer e-commerce company in the Nordics, announced today that Mikael Hagman has been appointed Group COO and member of the management team of BHG effective 4 January 2021. Mikael Hagman founded Vitvaruexperten.com in 2015 and has continued to successfully develop the business since the company was acquired…
Tecnotree wins a new delivery agreement worth Euro 6 million
HELSINKI: Tecnotree has been awarded a Digital Transformation project by one of the largest telecom operators in the MEA region, a news release said. The value of the project is approx. Euro 6 million over 5 years. As per the award, Tecnotree will deploy its Digital BSS Suite 5 products to help accelerate the operator’s…
Total led consortium enters a new operated exploration permit in Egypt
PARIS: An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area…
Regulator sets new tariffs for the water utility business: Georgia Capital notifies
LONDON: Georgia Capital JSC announced that Georgian National Energy and Water Supply Regulatory Commission (GNERC), the independent body that regulates the Group’s water utility business, has approved new tariffs for water supply and sanitation (WSS) services. ₋ The WSS tariffs in Tbilisi have increased compared to the previous regulatory period of 2018-2020: o from GEL…
Yara sells LIFECO stake to Libya’s National Oil Corporation
OSLO: Yara International has entered into an agreement with Libya’s National Oil Corporation (NOC) and the Libyan Investment Authority (LIA) on 31 December 2020 to divest its full ownership interest in the Libyan Norwegian Fertiliser Company (LIFECO). Yara’s full legal ownership interest in LIFECO together with all economic rights and all obligations and liabilities attaching…
Sirius Real Estate acquires three business parks for €26 million
LONDON: Sirius Real Estate has completed three transactions totalling €26 million, comprising two previously announced acquisitions (Norderstedt, Hamburg for €9.1 million and Nuremberg for €13.7 million), and a new acquisition for €3.2 million immediately adjacent to the Company’s existing Mannheim II business park. Sirius Real Estate the leading owner and operator of branded business parks…
Mosman Oil and Gas Limited signs contract for sale of Welch Project
LONDON: Mosman Oil and Gas Limited has signed a binding contract for the sale of the Welch Project, in Texas, for US$420,000 in cash, with Steadfast Energy Partners, LLC (50%) and Silver Dollar Energy Investments, LLC (50%), and the closing is scheduled for 15 January 2021. Whilst the Welch oil field is producing, the ranking…
Foresight Solar Fund announces acquisition of Spanish solar portfolio
LONDON, UK: Foresight Solar, a fund investing in a diversified portfolio of ground-based solar PV assets in the UK and internationally, has acquired of a portfolio of three greenfield solar assets in Spain, a news release said. The 98.5 MW portfolio is comprised of three subsidy-free greenfield assets located in the Andalusia region, Spain. Total…
AstraZeneca completes Atacand divestment to Cheplapharm in more than 70 countries
LONDON, UK: AstraZeneca has completed the divestment of commercial rights to Atacand (candesartan cilexetil) and Atacand Plus (a fixed-dose combination of candesartan cilexetil and hydrochlorothiazide) in over 70 countries to Cheplapharm Arzneimittel GmbH (Cheplapharm). Under the terms of the agreement AstraZeneca received a payment of $250m from Cheplapharm. AstraZeneca will receive further non-contingent payments equal…
Jon Harris appointed CEO of Gulf Keystone Petroleum
LONDON: Gulf Keystone Petroleum, a leading independent operator and producer in the Kurdistan Region of Iraq, announced the appointment of Jon Harris as Chief Executive Officer (CEO). Mr Harris has over 30 years’ experience in the oil and gas industry and joins GKP from SASOL Limited, an integrated energy and chemicals company based in South…
Telecom Egypt provides Google with a TransEgypt meshed solution and Mediterranean capacity to Europe
CAIRO: Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, signed an agreement with Google to provide Google with the first of its kind layer three meshed solution on multiple Telecom Egypt’s redundant and resilient Egypt crossing network infrastructure. As part of the agreement, Google will…
Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo (DRC) and the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also…