NEW YORK: Chimera Investment Corporation announced that Matthew J. Lambiase will retire from his roles as President and Chief Executive Officer of the Company effective December 31, 2020. Mr. Lambiase will continue to serve on the Company’s Board of Directors (the “Board”) until his retirement. Mr. Lambiase has expressed a desire to spend more time…
CapitaLand secures green loans in India totalling INR 17 billion for its business park developments
SINGAPORE: CapitaLand has secured its first three green loans in India, totalling INR 17 billion (S$323 million) from DBS Bank India Limited (DBS) and the Hongkong and Shanghai Banking Corporation Limited India (HSBC India). The three green loans mark CapitaLand’s first foray in sustainable finance in India. Proceeds from the green loans will be used…
Arribatec Solutions contemplating acquisition of Italy based IB Marine Group
OSLO: Arribatec Solutions ASA announced the potential acquisition of IB Marine Group, a leading provider of cloud-based Enterprise Asset Management (EAM) solutions within the maritime sector as part of the international expansion strategy. The total acquisition cost is expected to EUR 1.6 million. A subsidiary of Arribatec Solutions has entered into agreements to secure an…
Aker Offshore Wind increases stake in Principle Power Inc
OSLO: Aker Offshore Wind has increased its ownership in Principle Power Inc from approximately 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company. “Principle Power is established as the industry leading provider of floating wind foundation technology, with more than 100MW of installed…
Panasonic, Equinor and Hydro to jointly explore potential for European battery business
OSLO: Leading technology company Panasonic, energy company Equinor and industrial group Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business. The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature…
OptiBiotix licenses Genuine Health for a cardiovascular health product in Canada and USA
LONDON: OptiBiotix Health plc announces that its wholly-owned subsidiary, ProBiotix Health Ltd. has granted a non-exclusive LPLDL license to Genuine Health Inc. for a cardiovascular health product in Canada and the USA. Genuine Health (https://www.genuinehealth.com/en-ca/) is an established Canadian natural health company that has been formulating natural products for more than 25 years. The company…
British Land agrees sale of Clarges Mayfair to Deka for £177m
LONDON: British Land Company announced it has completed on the sale of Clarges Mayfair to Deka for £177m, 7.6% above the September 2020 valuation. Clarges represents a landmark mixed-use development for British Land. The site was acquired in 2012 and the redevelopment was completed in 2017, delivering over 50,000 sq ft of world class office…
VAALCO buys additional working interest at Etame Marin Block offshore Gabon
HOUSTON: VAALCO Energy Inc. has signed a sale and purchase agreement (SPA) to acquire Sasol Gabon S.A.’s 27.8% working interest in the Etame Marin block offshore Gabon. Since VAALCO currently owns and operates a 31.1% working interest in Etame, the transaction will almost double VAALCO’s total production and reserves. In addition, VAALCO is acquiring Sasol’s…
Aviva completes sale of entire shareholding in joint venture in Indonesia
LONDON: Aviva plc has completed the sale of its entire shareholding in PT Astra Aviva Life to PT Sedaya Multi Investama, a subsidiary of Aviva’s joint venture partner, PT Astra International Tbk. The sale of Aviva’s shareholding in PT Astra Aviva Life was announced on 6 March 2020. www.aviva.com
Croda International agrees to acquire Fragrance Spanish Topco (Iberchem) for €820 million
LONDON: Croda International Plc has agreed to acquire the entire issued share capital of Fragrance Spanish Topco S.L., trading as Iberchem, a leading global fragrances and flavours (F&F) company, for a total consideration of €820 million on a debt-free, cash-free basis. Iberchem has been majority owned by Eurazeo since 2017. Iberchem was founded in 1985…
Rosneft’s Board of Directors approves sale of 10% stake in Vostok Oil to Trafigura
LONDON: Rosneft Oil Company’s Board of Directors approved the sale of 10% in the charter capital of Vostok Oil LLC to Trafigura PTE LTD. At a meeting, Rosneft’s Board of Directors also reviewed the progress of the Vostok Oil project. The proven resource base of the Project for liquid hydrocarbons is 6 billion tonnes (44…
Play Magnus Group acquires US-based iChess.net
OSLO: Play Magnus Group has acquired US-based chess content company iChess LLC, which operates iChess.net. iChess.net [https://www.ichess.net/] was co-founded in 2011 by FIDE Chess Master Will Stewart with the goal of creating and organizing high quality chess training materials. iChess.net [https://www.ichess.net/] has published thousands of free and paid chess videos and articles in its large…