PARIS: Total SE has won the City of Paris’ concession tender for the modernization and extension of its public Electric Vehicles (EV) charge points network, installed throughout the French capital city, a news release said. The Council of Paris awarded to Total the management of its on-street public network for the 10 coming years. This…
PureFacts Financial Solutions acquires Quartal Financial Solutions
TORONTO: PureFacts Financial Solutions has acquired Quartal Financial Solutions, Europe’s leading provider of fee billing and commission solutions for the financial and insurance industries, a news release said. This acquisition further strengthens PureFacts’ ability to provide mission critical, AI-driven and regulatory compliant fee solutions to its marquee clients. Additionally, the combined organization expands the company’s…
Snowflake announces global startup challenge to fuel next generation of apps in the data cloud
SAN MATEO: Snowflake, creator of the Data Cloud, announced its first-ever global Startup Challenge. The Startup Challenge invites early stage organizations that are building applications in the Snowflake Data Cloud to showcase their innovations via online submission, for a chance to be one of three finalists that will pitch to an audience of judges at…
Chairman and CEO Scott Wine to leave Polaris Inc.
MINNEAPOLIS: Polaris Inc. announced that Chairman and CEO Scott Wine will leave Polaris to assume the CEO role at CNH Industrial. Wine will remain in his current role at Polaris through the end of the year as the Board executes its succession plans. Transition plans will be announced at a later date. “For the last…
Matthew J. Lambiase to retire as CEO of Chimera Investment Corporation
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…