SYDNEY: BPM Minerals Limited announced the appointment of Christopher (Chris) Swallow as Chief Executive Officer, effective 5 February 2021. Swallow will lead the BPM team with more than 15 years’ experience across both public and private sectors. Most recently Swallow worked in an operational capacity as the Corporate Development Officer for Guinea-focused gold explorer Predictive…
CorEnergy announces $350 million acquisition of Crimson’s California pipeline assets
KANSAS CITY: CorEnergy Infrastructure Trust announced the acquisition of Crimson Midstream Holdings, a California Public Utilities Commission (CPUC) regulated crude oil pipeline owner and operator, for consideration valued at approximately $350 million. The acquired assets include four critical infrastructure pipeline systems spanning approximately 1,800 miles across northern, central and southern California, connecting desirable native California…
Sky welcomes Commerce Commission clearance for OSB sale
AUCKLAND: Sky New Zealand (SKT) confirmed that the Commerce Commission has granted clearance for NEP New Zealand to purchase the assets of Outside Broadcasting Limited (OSB). Sky Chief Executive Sophie Moloney welcomed the positive decision. “Our new partnership with NEP, which includes a ten-year services agreement, ensures that Sky will continue to deliver world-class sport…
Gucci Beauty flagship store debuts on Tmall Luxury Pavilion
NEW YORK: Coty Inc., one of the world’s leading beauty companies and the global leader in fragrances, announced the opening of the Gucci Beauty flagship store on the Tmall Luxury Pavilion. Tmall Luxury Pavilion is Alibaba’s dedicated platform for the world’s leading luxury and premium brands. The digital store connects Gucci Beauty products with more…
iHeartRadio announces new partnership with Paris Hilton
NEW YORK: iHeartRadio announced a new partnership with Paris Hilton to produce an innovative slate of iHeartRadio Original Podcasts as well as a series of PodPosts, a new format that merges social media into voice, and podcasting into a social environment. The short form audio clips known as “PodPosts” will publish in podcast feeds, offering…
Catherine S. Stempien appointed President & CEO of Avangrid Networks
ORANGE: AVANGRID Inc., a leading sustainable energy company, announced the appointment of Catherine S. Stempien to the role of President & CEO of its subsidiary, Avangrid Networks. Stempien succeeds Anthony (Tony) Marone, who is retiring. “We appreciate all of Tony’s contributions to the AVANGRID family of companies over the last 33 years and wish him…
OKEA posts net profit of NOK 182 million in 4Q2020
OSLO, NORWAY: OKEA ASA delivered net profit of NOK 182 million in the fourth quarter 2020. OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to NOK 182 million. Earnings per share amounted to NOK 1.78. The solid results for the…
AGP Limited led SPV to acquire product portfolio of Sandoz
KARACHI: AGP Limited, along with its parent Aitkenstuart Pakistan, has formed a special purpose vehicle (SPV), to acquire a select product portfolio of Sandoz AG. “The Board of Directors has authorized AGP Limited to participate with its parent company Aitkenstuart Pakistan through a special purpose vehicle (SPV) setup by Aitken for the purpose of acquisition…
Voyager Digital appoints Daniel Costantino as Chief Information Security Officer
NEW YORK: Voyager Digital Ltd., a crypto-asset broker, has appointed Daniel Costantino as Chief Information Security Officer. Mr. Costantino joins Voyager from Penn Medicine, where he was the Associate CIO and CISO. He will spearhead Voyager’s implementation and maturity of several information technology and security programs, including further enhancements to infrastructure scalability and best-in-class security…
Credit Ratings of Custodian and Allied Insurance Limited
LONDON: AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” of Nigeria based Custodian and Allied Insurance Limited (CAI), a wholly owned non-life subsidiary of Custodian Investment Plc. The outlook of these ratings is stable. The ratings reflect CAI’s balance sheet strength, which AM Best…
AM Best affirms Ratings of Mercury Insurance Group on strong balance sheet, operating performance
OLDWICK: AM Best has affirmed credit ratings of Mercury Casualty Group’s members and Mercury General Corporation based on strong balance sheet, operating performance, neutral business profile and appropriate enterprise risk management (ERM). AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of…
AM Best withdraws ratings of First Assurance Life of America, Performance Life of America and Versant Life Insurance
OLDWICK: Insurance sector rating agency, AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of First Assurance Life of America, Performance Life of America and Versant Life Insurance Company. The outlook of these Credit Ratings (ratings) is stable. All companies are headquartered in…