BRUSSELS: Recticel has entered into preliminary agreements with the owners of the private Polish company Gór-Stal Sp. z o.o. to acquire Gór-Stal’s thermal polyisocyanurate-based (PIR) insulation board business. The acquisition will be made in cash for an enterprise value of EUR 30 million, of which EUR 27.25 million will be payable at closing and EUR2.75…
Medusa Mining appoints MD and Chairman
SYDNEY: Medusa Mining Limited announced the appointment of Andrew Teo as Managing Director and Jeffery McGlinn as Non-Executive Chairman, effective 19 March 2021. Mr Teo has been the Chairman of Medusa since November 2013 and a Board member since February 2010. Mr Teo has served as the Interim CEO since June 2020 after the resignation…
Schlumberger New Energy to setup lithium extraction pilot plant in Nevada
PARIS: Schlumberger New Energy announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while…
Groupe Renault, Veolia and Solvay partner to recycle EV battery metals in a closed loop
PARIS: Groupe Renault, Veolia and Solvay announced their partnership to enable the circular economy of EV battery metals in Europe through closed-loop recycling. The existing Veolia and Solvay consortium, created in September 2020, is thus reinforced with Groupe Renault’s pioneering position and experience in circular economy and in the life cycle of EV batteries, leading…
Air Liquide signs agreement to purchase renewable electricity in the Netherlands, Vattenfall
PARIS: Air Liquide has signed a long-term Power Purchase Agreement (PPA) with Vattenfall to purchase a total of 25 megawatts of offshore wind capacity in the Netherlands, a news release said. Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Following PPA agreements in the United States and Spain, this is…
Kahoot! starts trading on the Oslo Stock Exchange main list
OSLO: Kahoot!, the global learning platform company, started trading on the Oslo Stock Exchange on Thursday, marking an important milestone in the company’s history and its vision to grow as a leading learning platform worldwide. Kahoot! ASA is listed under the ticker KAHOT. Since its launch in 2013, Kahoot! has become a global pop culture…
Ofcom ramping up rollout of full-fibre broadband
LONDON: Millions of homes across the country are set be upgraded to faster, more reliable broadband, under new regulations announced today by Ofcom that will help shape the UK’s full-fibre future. The coronavirus pandemic has underlined the importance of a reliable internet connection. The UK’s copper telephone network – some of which was laid over…
Keywords Studios acquires 85% interest in Tantalus Media for up to $46.8 million
LONDON: Keywords Studios has acquired an 85% interest in Tantalus Media for a total consideration of up to US$46.8 million. The investment will further the Group’s strategy to become the ‘go to’ technical and creative services platform for the global video games industry and marks Keywords Studios’ entry into the Australian video games market. Founded…
XLMedia to acquire Sports Betting Dime (SBD) for $26 million
LONDON: XLMedia Plc has entered into an agreement to acquire the business and assets of Sports Betting Dime (SBD) for a total approximate consideration of US$26 million. In addition XLMedia announces its intention to raise gross proceeds of £23 million by means of a placing, a direct subscription with the Company and an Open Offer….
Vodafone and Vantage Towers set final offer price at €24 per Vantage Towers share
LONDON: Vodafone Group and Vodafone GmbH in consultation with Vantage Towers AG and the underwriters have set a final offer price of €24.00 per share for existing ordinary registered shares with no par value offered in Vantage Towers’ initial public offering (IPO). In total, Vodafone is placing 95.833 million shares (including 12.5 million shares to…
National Grid acquires PPL WPD Investments for £7.8 billion, sells Narragansett Electric for $3.8 billion
LONDON: National Grid plc has agreed to acquire PPL WPD Investments Limited, the holding company of Western Power Distribution (WPD), for an equity value of £7.8 billion and National Grid has agreed to sell The Narragansett Electric Company (NECO) to PPL Energy Holdings for an equity value of US$3.8 billion. In addition, National Grid announces…
Maintel to sell managed print services business unit to Corona Corporate Group for £4.5 million
LONDON: Maintel Holdings, the leading provider of cloud and managed communication services, has signed a conditional agreement for the sale of its Managed Print Services Business Unit to Corona Corporate Group Limited (CCS) for a cash consideration of £4.5 million. The Disposal is in line with the Company’s strategy of focusing on its transformation to…