JERSEY CITY: Imperial Dade, a leading distributor of food service packaging and janitorial supplies, has entered into a definitive agreement to acquire Industrial Soap Company, a news release said. The transaction represents the 32nd acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and President of Imperial Dade, respectively. Financial terms…
Comtech Telecommunications extends term of acquisition agreement for UHP
MELVILLE: Comtech Telecommunications Corp. and UHP Networks Inc., a leading provider of innovative and disruptive satellite ground station technology solutions, agreed to extend their agreement for Comtech’s purchase of UHP, which was originally announced in November 2019, until February 28, 2021. UHP is based in Canada and has developed revolutionary technology that is transforming the…
JCPenney launches search for a new Chief Executive Officer
PLANO: JCPenney’s new ownership group, consisting of Simon Property Group and Brookfield Asset Management, along with strategic partner Authentic Brands Group, have launched a search for a Chief Executive Officer to replace Jill Soltau, who will be exiting the company effective December 31, 2020. The search will seek to identify a leader that is focused…
Pakistan LNG Limited invites bids for two LNG cargoes in April 21
KARACHI: Having learned from the losses due to late demand forecast and even delayed procurement tenders lately, Pakistan LNG Limited (PLL), a subsidiary of Government Holdings (Pvt) Limited, has floated a tender to import two spot liquefied natural gas (LNG) cargoes of 140,000 cubic meters each for April 2021. An advertisement by PLL said the…
The Kingfish Company announces de-merger and transfer of properties
AMSTERDAM: The Kingfish Company N.V. has signed a proposal to be publicly filed with the Dutch trade register for a legal de-merger, effectively transferring all properties owned by the company to a new subsidiary named Kingfish Property One B.V. The transfer is contemplated to be legally effected within the first quarter of 2021 and will…
Care Property Invest acquires Amsterdamse Keizer, owner of Huize Elsrijk
SCHOTEN, BELGIUM: Care Property Invest has acquired 100% of the shares in Amsterdamse Keizer B.V., the real estate company in which ‘Huize Elsrijk’, a luxurious care residence for elderly people with intensive care needs, is incorporated. Care Property Invest announced the acquisition of the development project ‘Huize Elsrijk’, a luxurious care residence for elderly people…
PetroTal completes first oil export sale through Brazilian terminal
CALGARY: PetroTal Corp. announced the first export of Bretana oil into the Atlantic region through Brazil. This provides PetroTal with an additional option to monetize oil sales, beyond the Company’s existing important sales arrangements with Petroperu using the Northern Oil Pipeline (ONP), and to the Iquitos refinery. This will facilitate future oil production growth when…
PetroTal Corporation
PetroTal Corporation is a publicly‐traded, dual‐quoted (TSXV: TAL and AIM: PTAL) oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal’s flagship asset is its 100% working interest in Bretana oil field in Peru’s Block 95 where oil production was initiated in June 2018,…
United Oil & Gas announces completion of the ASH Gas Pipeline in Egypt
LONDON: United Oil & Gas Plc announced the completion of the ASH gas pipeline in the Abu Sennan Licence, Egypt. United Oil & Gas is listed on the AIM market of the London Stock Exchange. United hold a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. The ASH gas pipeline,…
Argo Blockchain co-leads investment in Luxor Technologies, will inject $0.1mn
LONDON: Argo, the leading cryptocurrency miner based in the UK, will co-lead an investment in Luxor Technologies, a hashrate management platform. As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor,…
MJ Hudson acquires PERACS Group
LONDON: MJ Hudson Group, the international asset management consultancy, has acquired the entire issued share capital of fund performance analytics specialist, Prof Gottschalg UG and its subsidiary PERACS GmbH, a news release said. The addition of PERACS to the MJ Hudson’s Data & Analytics division follows the acquisitions of a marketing analytics business in this…
Energean plc to acquire Kerogen’s 30% shareholding in Energean Israel Limited
LONDON: Energean plc has entered into a conditional Sale and Purchase Agreement (SPA) with Kerogen Investments No.38 Limited, an affiliate of Kerogen Capital, for the proposed acquisition of Kerogen’s 30% shareholding in Energean Israel Limited (EISL), which would result in Energean owning 100% of EISL’s share capital. Highlights – Acquisition · Acquisition to acquire Kerogen’s…