LONDON: Saint-Gobain and the El Volcan group have signed an agreement covering their operations in Peru (mortars and plasterboard) and in Argentina (plaster and plasterboard), together representing approximately €60 million in sales, 6 plants and 450 employees. This transaction enables Saint-Gobain to strengthen its partnership with the El Volcan group by extending it into two…
Remus Horizons replaces Gran Tierra as PetroTal’s largest shareholder
HOUSTON: PetroTal Corp. has been informed by Gran Tierra Resources Ltd. (GTRL), a control person of PetroTal, that GTRL has entered into a private agreement with Remus Horizons PCC Limited in respect of the purchase by Remus of 218,012,500 common shares of PetroTal at a price of GBP0.099385 per Purchased Share, for an aggregate purchase…
Aviva to sell entire shareholding in Aviva Vietnam Life Insurance
LONDON: In line with the announced strategy, Aviva plc has agreed to sell the entire shareholding in its wholly-owned life insurance business in Vietnam, Aviva Vietnam Life Insurance Company Limited, to Manulife Financial Asia Limited for an all cash consideration. The transaction is expected to increase Aviva’s IFRS Net Asset Value and Solvency II surplus…
MobilityOne announces acquisition of Tanjung Pinang Resources
LONDON: MobilityOne Limited announced that MobilityOne Sdn Bhd, the Group’s wholly owned operating subsidiary in Malaysia, has entered into an agreement to acquire the entire issued share capital of Tanjung Pinang Resources Sdn Bhd. TPR’s principal business activities are to provide money-changing and remittance agent services in Malaysia. TPR holds a money changing licence from…
Spectra Systems Corporation acquires interest in Solaris BioSciences
LONDON: Spectra Systems Corporation has increased its equity interest in Solaris (the principal shareholder of which is Dr. Lawandy, CEO of Spectra) from 4.79 percent to 48.65 percent for an aggregate consideration of c.USD700,000. This transaction is expected to be the first of several over time which are expected to be a vehicle for building…
Rosneft sells stake in East Siberian oil projects to Equinor
LONDON: Rosneft Oil Company and Equinor have completed a deal as result of which the Norwegian company acquired a 49% stake in Krasgeonats LLC. Krasgeonats holds 12 exploration and production licenses for areas with conventional resources located in Eastern Syberia. Among them: Danilovsky (with North-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, East-Sugdinsky, Sanarsky and several other license…
Ergomed Plc has acquired MedSource
GUILDFORD: Ergomed plc has announced the acquisition of MS Clinical Services LLC (MedSource), a specialised clinical research organisation (CRO) based in Houston, Texas, USA. Under the terms of the equity purchase agreement (EPA), Ergomed has acquired MedSource for an initial consideration comprising $16.2 million in cash paid at the closing of the transaction, up to…
Midwich Group acquires controlling stake in the NMK Group
LONDON: Midwich Group has entered into a binding agreement to acquire a controlling stake in Nicolas M. Kyvernitis Electronics Ent., NMK Middle East FZE and Edge Electronics Trading LLC (collectively the NMK Group), a news release said. Based in the UAE and Qatar, the NMK Group is a value-added distributor of AV products and represents…
GB Group Plc announces acquisition of HooYu Investigate
LONDON: GBG Group Plc has acquired the Investigate 2020 Limited subsidiary (HooYu Investigate) of HooYu Limited to further enhance its leading position in fraud investigation software solutions in the UK. HooYu Investigate automates fraud investigations and will broaden the services GBG provides. GBG’s solutions are already widely used by customers for fraud investigation, law enforcement…
Matthew Wakefield becomes Chairman of Oxford BioDynamics
LONDON: Oxford BioDynamics Plc, a biotechnology company developing personalised medicine tests based on 3D genomic biomarkers, announced that Matthew Wakefield is joining the board with immediate effect as Non-Executive Chairman. Matthew graduated with a degree in law and has an MBA in finance. He has spent his 27 year career in the city working in…
O’KEY Group GDRs start trading on Moscow Exchange
LONDON: O’KEY Group S.A., one of Russia’s leading food retailers, today announces the start of trading of its Global Depositary Receipts (GDRs) on Moscow Exchange. The GDRs trade under the ticker “OKEY” and are included in Moscow Exchange’s Level 1 quotation list. Renaissance Capital is acting as market maker for the Group’s GDRs on Moscow…
Michael Bell appointed new Chief Executive Officer at First Graphene Limited
SYDNEY, AUSTRALIA: First Graphene Limited announced the appointment of Michael Bell as its new Chief Executive Officer. Mr Bell will commence with First Graphene during Q1 2021. Mr Bell replaces Managing Director Craig McGuckin, who will retire at the end of this month after eight years with the Company. With more than 20 years’ experience…