WELLINGTON: Xero Limited announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs. Aligned with Xero’s strategic priority to grow the small business platform, the acquisition of Planday will help more…
Downer EDI gets $245mn to upgrade electricity transmission network supplying Eyre Peninsula
AUCKLAND: Downer EDI Limited has been awarded a $245 million contract by ElectraNet Pty Ltd to upgrade the existing electricity transmission network supplying the Eyre Peninsula in South Australia and to upgrade electricity substations, a news release said. Downer will commence work under the contract at the end of March 2021 and the new transmission…
Downer completes transition of underground services to Byrnecut
AUCKLAND: Downer EDI Limited announced that it had completed the transition of underground mining services at OZ Minerals’ Carrapateena mine to Byrnecut Australia. As announced on 20 January 2021, the transition included the transfer of equipment from Downer to Byrnecut. Downer confirms it has received $56 million (representing book value) for the sale of plant…
Citycon Group to issue EUR 300 million green bond
HELSINKI: Citycon Group has announced intention to issue a euro-denominated senior unsecured bond approximately with a maturity of 7 years in an amount of around EUR 300 million. The bond would be offered to institutional investors and would be issued by Citycon Treasury B.V. and guaranteed by Citycon Oyj. Citycon Treasury B.V. would apply for…
Meta and Sekisui collaborate to improve 5G, 6G communications infrastructure
HALIFAX: Metamaterial Inc. announced a collaboration with Sekisui Chemical to improve the performance and coverage of high-speed, 5G and future 6G networks, a news release said. Together, META and Sekisui are developing a new transparent and flexible radio wave reflection film, which passively reflects and transmits radio waves in the sub 6 GHz and millimeter…
Eat Beyond Global Holdings joins Protein Industries Canada supercluster
VANCOUVER: Eat Beyond Global Holdings, an investment issuer focused on the global plant-based and alternative food sector, has joined Protein Industries Canada (PIC), a news release said. Protein Industries Canada (PIC) is an industry-led, not-for-profit organization created to position Canada as a global source of high-quality plant protein and plant-based products. PIC is one of…
StrongPoint and Halodi Robotics to develop an in-store grocery retail robotics solution
OSLO: StrongPoint ASA has invested in and formed a strategic partnership with Halodi Robotics to jointly develop an in-store grocery retail robotics solution. The value of the partnership is approximately NOK 8.0 million, with half being allocated to research and development in the project, and half as a direct investment in Halodi Robotics. The aim…
Samba Bank Limited to raise Rs5.0 billion through issuance of TFCs
KARACHI: Samba Bank Limited is raising Rs5.0 billion through Term Finance Certificates (TFCs) to meet its Tier-2 capital requirements. “State Bank of Pakistan (SBP) had granted its final approval to the bank for issuance of rated, privately placed, unsecured and subordinated Term Finance Certificates (TFCs) of Rs5.0 billion,” a bourse filing said. “We are pleased…
BEWI to setup packaging hub in Norway
OSLO: BEWI ASA plans to build a new packaging facility on the Jøsnøya island, Hitra, on the west coast of central Norway, a news release said. The new facility will be BEWI’s most modern and efficient facility for production of fish boxes, and in addition have facilities to serve the increasing volumes of reusable boxes…
Telecom Egypt to launch a new subsea system circling the African continent
CAIRO: Telecom Egypt announced its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp. It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure. Through HARP, Telecom Egypt will offer…
DMGT acquires New Scientist for £70 million cash
LONDON: Daily Mail and General Trust plc (DMGT) announced that dmg media, its Consumer Media business, has acquired New Scientist from a consortium of individual investors led by Sir Bernard Gray, for £70 million cash consideration. New Scientist has a large and growing international readership, with a weekly circulation of approximately 120,000, of which just…
Eesti Energia acquires renewable development company in Estonia
TALLINN, ESTONIA: Enefit Green AS, a fully owned subsidiary of Eesti Energia AS, signed an agreement to acquire the shares of an Estonian wind park developer Raunistal. The acquisition consideration payable is confidential according to the agreement between the seller and the buyer. With the acquisition Enefit Green will also acquire and complete the development…