OSAKA, JAPAN: Panasonic Corporation announced that the Board of Directors of Panasonic has resolved to transition to a holding company system through a company split and to change its corporate name to Panasonic Holdings Corporation. These changes are planned to take place in April 2022 under the following conditions: the company split agreement for the…
Aega ASA buying two solar parks in Italy
OSLO: Aega ASA has signed a mutually binding offer to acquire two solar parks in Italy with a total capacity of 2 MW (1+1 MW), a news release said. Reference is made to Aega’s stock exchange announcement dated 30 October 2020 where the company stated that “We are in advanced negotiations with regards to acquiring…
Total and CMA CGM complete world’s largest LNG bunkering operation at Port of Rotterdam
PARIS: The Cma Cgm Jacques Saadé, the world’s largest containership powered by Liquefied Natural Gas (LNG) has completed her first LNG bunkering with Total’s LNG bunker vessel, the Gas Agility, on November 13th 2020 at the Port of Rotterdam in the Netherlands. The 23,000 TEU1 containership received around 17,300 m3 of LNG, making it the…
KKR and Rakuten to Acquire Stakes in Seiyu from Walmart in a $1.6 billion deal
BENTONVILLE: Walmart Inc., KKR & Co. Inc. and Rakuten Inc. signed definitive agreements under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GKin a deal valuing the business at ¥172.5 billion (approx. $1.6 billion). Under the terms of the agreements, KKR will acquire a…
CapitaLand recognised for global sustainability leadership by Dow Jones Sustainability Indices
SINGAPORE: CapitaLand has been listed on the Dow Jones Sustainability World Index (DJSI World) for the ninth consecutive year, reinforcing its reputation as a global sustainability leader in real estate. Dow Jones Sustainability Indices (DJSI) track the performance of the world’s leading companies in the areas of economic, environmental and social factors. CapitaLand has also…
Provexis plc signs exclusive distribution agreement for Chinese Cross-Border e-commerce
LONDON: Provexis Plc has entered into a distribution agreement with a company (‘the Distributor’) which will act as the distributor for Fruitflow+ Omega-3 in China, exclusively through the Chinese Cross-Border e-commerce (CBEC) channel. CBEC regulations include a waiver of the existing Chinese pre-importation registration requirements on specified categories of products, permitting overseas exporters to sell…
Iwona Olbrys leaves DP Poland
LONDON: DP Poland announced that, in connection with the possible acquisition of the entire issued share capital of Dominium S.A., it has been mutually agreed that Iwona Olbrys, Chief Executive Officer, will be leaving the Company. Iwona has resigned from the Board of Directors with immediate effect. It is the intention of the Company to…
Panther Metals acquiring Merolia Gold Project in Western Australia
LONDON: Panther Metals PLC is acquiring 100% of the Merolia Gold Project near Laverton, Western Australia, from White Cliff Minerals Limited (WCN), an ASX-listed exploration company. Darren Hazelwood, Chief Executive Officer, commented: “Our proposed entry into the Western Australian goldfields, and specifically this highly prolific gold producing Archean Greenstone belt near Laverton represents a major…
eEnergy Group wins big contract
LONDON: The Board of eEnergy Group plc has announced its largest ever single contract. The Group’s subsidiary, eLight U.K, secured the £1m contract to install LED Lighting at four schools for a UK multi-academy trust. The revenue will be recognised as the projects are installed, which is expected to be completed by 31 December 2020….
Sensyne Health and Somerset NHS Foundation Trust sign strategic research agreement
OXFORD: Sensyne Health plc has signed a five year non-exclusive Strategic Research Agreement (SRA) with Somerset NHS Foundation Trust, a news release said. The agreement will enable the ethical application of clinical AI research to improve patient care and accelerate research into new medicines. The Somerset dataset covers 1.1 million unique patient records from a…
Stenprop continues its multi-let industrial transition with two acquisitions for £14 million
LONDON, UK: Stenprop Limited, the UK multi-let industrial (MLI) property company, has acquired two MLI estates, comprising 58 units, in Durham and West Bromwich. The assets have been purchased in separate transactions for a total consideration of £14 million. Mandale Business Park, located on the Belmont Industrial Estate on the outskirts of Durham, was acquired…
Supermarket Income REIT buys a Tesco Extra, an Aldi Supermarket in Beaumont Leys, Leicester
LONDON: Supermarket Income REIT has announced the acquisition of a Tesco Extra, and an Aldi supermarket in Beaumont Leys, Leicester from British Land PLC. The Tesco store was originally developed in the 1980’s and subsequently extended and refurbished in 2007 to a 97,000 sq ft net sales area Tesco Extra. The site has parking provision…