OSLO: Arribatec Solutions ASA has entered into a share purchase agreement related to the acquisition of 100% of the shares in Microsky AS for a net fixed purchase price of NOK 1.5 million in cash, plus 3.5 million shares in Arribatec Solutions ASA at a subscription price of NOK 1.50 per share ex dividend. The…
Bahrain Bourse elected as members of the Arab Federation of Exchanges Board of Directors
BAHRAIN: Bahrain Bourse is elected by the consensus of the members, in addition to the Saudi Stock Exchange (Tadawul) as members of the Federation’s Board of Directors, representing the Arab Gulf Region. Amman Stock Exchange and Beirut Stock Exchange were elected to represent the Levant region, and the Egyptian Exchange and the Casablanca Stock Exchange…
Aker Solutions completes merger with Kvaerner
OSLO, NORWAY: Aker Solutions has completed the merger with Kvaerner to become one of the world’s leading suppliers of solutions to reduce climate gas emissions from oil and gas installations, and for delivery of complete renewable energy production facilities. Over the past 50 years, Aker Solutions and Kvaerner delivered many of the major breakthroughs in…
Oncimmune signs agreement with Augmenta Bioworks to discover therapeutic antibodies
LONDON: Oncimmune Holdings plc has signed a new master service agreement with Augmenta Bioworks Inc. to profile patient plasma samples and characterise therapeutic candidates discovered through Augmenta’s SingleCyte and DeepGrid discovery platforms. Augmenta is a California-based biotech company which works with leading pharmaceutical companies, biotechnology companies, and research institutions to discover new therapies by identifying…
VR Education’s ENGAGE to be available on Facebook Oculus store
LONDON: VR Education Holdings plc announced that the Group’s flagship ENGAGE platform will be officially supported and made available on the Facebook Oculus store during the course of 12 November 2020. Up until this point users who wished to use the platform had to download the installation file from the Group’s own website and side…
Thor Mining increases equity interest in EnviroCopper
LONDON: Thor Mining Plc has increased its equity interest in private Australian company EnviroCopper Limited (ECL) to 30 percent, a news release said. Thor has paid the final tranche A$185,000 in completion of the A$400,000 additional earn-in agreement, and has provided notice to ECL to exercise its right to the increase its holding. Thor is…
James Gundy appointed Group Chief Executive Officer Braemar Shipping Services plc
LONDON: Braemar Shipping Services plc announced that James Gundy has been appointed as Group Chief Executive Officer with effect from 1 January 2021. James has been the CEO of Braemar’s Shipbroking Division, the Group’s largest operation, since joining the Company in 2014 following the merger with ACM Shipping Group Plc (ACM). He has been a…
Eurajoen Säästöpankki and Mietoisten Säästöpankki likely to merge with Oma Säästöpankki
LONDON: Eurajoen Säästöpankki and Mietoisten Säästöpankki announced that they will initiate merger negotiations with Oma Säästöpankki. Decisions on the merger will be made in early 2021. “The exit of Eurajoki and Mietoinen from the Savings Bank Group will not affect our solvency. The Banks represent less than five percent of the Savings Bank Group’s customer…
Scout signs agreement with Windstream to tap strategic US telco market
SYDNEY: Scout Security Limited announced an expansion in its white label program with the signing of a Master Services Agreement with Windstream Services LLC. The agreement will see Windstream license and brand Scout’s end-to-end home security platform and hardware suite for distribution to new and existing Windstream customers in the US market under Windstream’s Kinetic…
Total contracts Shearwater GeoServices for Senegal 3D acquisition and processing
OSLO, NORWAY: GC Rieber Shipping ASA’s 19% owned geoservices company Shearwater GeoServices Holding AS announced the award for a large towed streamer 3D acquisition and Fast Track processing project by Total E&P Senegal (Total). The exploration survey covers 5,000 sq. km in the UDO Block Exploration area, offshore Senegal. The data acquisition will be carried…
Firefinch Limited renews management team
SYDNEY: Firefinch Limited, a gold explorer, announced multiple key appointments to strengthen the team. Mr Brett Fraser has joined the Board of Firefinch as a Non-Executive Director. Brett is an experienced ASX company director, currently holding a position as Director of central-west African iron ore company, Sundance Resources Limited. Brett’s deep knowledge (acquired over his…
American Rare Earths appoints Keith Middleton as Managing Director
SYDNEY: American Rare Earths Limited (ARR) announced the appointment of Mr Keith Middleton as Managing Director effective immediately. Mr Middleton was appointed as a Non-Executive director of the company on 19 March 2020 and became an Executive Director in May 2020.Keith is an experienced corporate advisor and director of ASX listed companies specialising in the…