OKYO Pharma Limited is a life sciences and biotechnology company admitted to listing on the standard segment of the Official List of the UK Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange plc. OKYO is focusing on the discovery and development of novel molecules to…
Zephyr Energy conducts fund raising to fund Bakken project acquisition
LONDON: Zephyr Energy announced a placing and subscription of 500 million new ordinary shares to raise £10 million. Zephyr has a conditional agreement with the Seller providing exclusivity for Zephyr to acquire the Bakken Interests by 31 March 2021. Zephyr has already paid the Seller a non-refundable deposit of $50,000. Pursuant to the Agreement, to…
Domino’s Pizza Group announces disposal of Iceland business for £13.7m
LONDON: Domino’s Pizza Group (DPG) has signed a binding Sale and Purchase Agreement with PPH ehf. to sell the entire issued share capital of Pizza Pizza ehf. (Domino’s Iceland) for a total consideration of ISK 2.4bn (approximately £13.7m) on a cash-free, debt-free basis, which will be satisfied in cash. The Purchaser is an investment vehicle…
REACT Group announces acquisition of Fidelis Contract Services Ltd
LONDON: REACT Group announced the acquisition of Fidelis Contract Services Ltd, a successful commercial cleaning, hygiene and facility support services company headquartered in Birmingham providing services to customers across England and Wales. REACT SC Holdings Limited, a wholly owned operating subsidiary of REACT, has entered into an agreement to acquire the entire issued share capital…
MasMovil launches tender offer to acquire Euskaltel S.A. for €11.17 per share
LONDON: Zegona Communications plc announced that a wholly-owned subsidiary of MasMovil Ibercom, has launched a tender offer to acquire its 100% of Euskaltel S.A. for €11.17 per share in cash. Euskaltel is Zegona’s Spanish telecoms investment and its main asset. Zegona is the lead shareholder in Euskaltel, owning 21.4% of the company (38.3 million shares)….
Interoil Exploration signs new agreement in Colombia, plans further development activity in Argentina
OSLO: Interoil Exploration and Production ASA announced a new transaction which adds further momentum to the Company’s exploration activity in Colombia. In addition, Interoil will invest in further development activity in Argentina. In Colombia, Interoil has signed a participation agreement with SLS and Quantum Resources for the drilling of up to two exploration wells in…
Atlantic Sapphire announces restructuring of the organization
MIAMI: Atlantic Sapphire ASA announced that Bjørn-Vegard Løvik will join the Company as Interim Chief Operating Officer, reporting directly to the CEO of Atlantic Sapphire USA LLC, Johan E. Andreassen, as part of a restructuring of the organization to improve transfer of information, knowledge and accountability. Dharma Rajeswaran will take on a new advisory role…
Aker Offshore and Hexicon to realize floating wind opportunities offshore Sweden
OSLO: Aker Offshore Wind and Hexicon have entered into a joint development agreement to explore opportunities to realize floating wind projects offshore Sweden, a news release said. The two companies have agreed to jointly work to mature early-phase prospects in Sweden. The companies intend to establish a 50-50 joint venture with an ambition to realize…
Hexagon Agility receives orders from UPS for CNG trucks
OSLO: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in October 2019 with UPS, the world’s largest package delivery company, to supply compressed natural gas (CNG) and renewable natural gas (RNG) fuel systems for medium and heavy-duty trucks as well as terminal tractors, a news release said. Hexagon Agility has received…
NORBIT shelves plans to acquire StalkIT and associated companies
TRONDHEIM: Based on the results of the due diligence, NORBIT ASA has decided to terminate the process and agreement for acquisition of business and assets from the Norwegian IoT company StalkIT and associated companies. On March 08, 2021, NORBIT announced an agreement for acquisition of business and assets from the Norwegian IoT company StalkIT and…
Subsea 7 signs floating wind joint venture with Simply Blue Energy
LUXEMBOURG: Subsea 7 S.A has entered into a joint venture with Simply Blue Energy, the Cork-based marine developer, to further develop its Salamander floating wind farm concept, off the north east coast of Scotland, a news release said. Salamander is a pre-commercial project of up to 200MW that will combine Simply Blue Energy’s experience in…
Everfuel developing second high-capacity green hydrogen station in Copenhagen
HERNING: Everfuel A/S has started development of its second high-capacity green hydrogen ing station in Copenhagen, a news release said. The new H2 station will be centrally located in the Danish capital near the H. C. Ørsted Heat and Power Station. The facility will initially be operated as a medium capacity H2 station prepared for…