LONDON: Aquila European Renewables Income Fund plc (AERIF), the London-listed investment company, has approved the signing of a Sale and Purchase Agreement (SPA) to acquire 100% of the equity in a Portuguese solar portfolio for approximately EUR 16m. The assets in the portfolio are located in the south of Portugal with a total capacity of…
Aviva to sell majority shareholding in Aviva Singapore to Singapore Life led consortium
LONDON: Aviva plc, international savings, retirement and insurance business, has agreed to sell a majority shareholding in Aviva Singapore to a consortium led by Singapore Life Ltd (Singlife) to support the creation of one of the country’s leading insurance companies, a news release said. On completion, Aviva will receive SGD 2.7 billion (£1.6 billion) in…
Tesserent completes acquisitions of Airloom and Ludus Cybersecurity
SYDNEY: Tesserent Limited announced the completion of the recently announced acquisitions of Airloom and Ludus Cybersecurity, effective as of 11 September 2020. With the addition of these two acquisitions, the Company now has a gross revenue run rate on an annualised monthly basis of circa $80Mwith an ambition to grow to in excess of $100…
Change Financial to acquire all business assets of Wirecard NZ and Wirecard Australia
BRISBANE: Change Financial Limited (CCA) has entered into a binding agreement to acquire all the business assets of Wirecard NZ Limited and Wirecard Australia Pty Ltd for a total cash consideration of A$7.8 million. The Wirecard Business being acquired by Change represents the Australian and New Zealand business assets of the vendors, which provide innovative…
Rapid digital transformation leader, Zudy announces Asian expansion
SINGAPORE: Zudy has announced the opening of Zudy Asia Pte Ltd based in Singapore to serve as Asia headquarters, expanding Zudy’s presence and providing in country consulting support to Zudy Asia’s customers. Zudy Asia will be led by CS Lim and Gaj Pasupathy. Lim brings extensive experience in helping organizations address their business challenges with…
PME’s U.S. subsidiary signs Research Collaboration agreement with NYU Langone Health
MELBOURNE: Visage Imaging Inc., U.S. subsidiary of Pro Medicus Limited [PME], has signed a multi-year Research Collaboration agreement with NYU Langone Health, one of the most highly regarded health systems in North America. Under the terms of the agreement, the two parties will work together to design and develop next-generation products for enterprise imaging in…
ParkerGale invests in workload automation software company, SMA Technologies
HOUSTON: SMA Technologies Inc., a leading provider of workload automation software, has received a majority investment from ParkerGale Capital. Terms of the transaction were not disclosed, a news release said. Current President, Todd Dauchy, who joined the company as Chief Technology Officer in 2012 and became President in 2018, will be leading the company into…
eCargo Holdings appoints Lawrence Lun as Chief Executive Officer
SYDNEY: The Board of eCargo Holdings Limited (ECG) announced the appointment of Mr. Lawrence Lun as Chief Executive Officer, effective from September28, 2020. Lawrence was appointed following a global search, with the objective of appointing a CEO with the requisite skills and background in the China eCommerce and distribution space to further advance the Group’s…
Rio Tinto announces Executive Committee changes
MELBOURNE: Rio Tinto has announced that by mutual agreement, J-S Jacques will step down from his role as an executive director and Chief Executive of the Group. A process to identify his successor is underway. J-S will remain in his role until the appointment of his successor or 31 March 2021, whichever is earlier. This…
XTM signs LOI with largest online cannabis retailer to launch payment network
TORONTO: XTM Inc., a Toronto-based Fintech company, has signed a Letter of Intent (“LOI”) with one of the largest online cannabis retailers in the U.S. to launch a proprietary cashless payment network. This will be the first of its kind, bank grade, fully compliant, community currency, closed loop solution for any company or business looking…
Equinor selling 50% of Empire Wind and Beacon Wind to BP for $1.1bn
OSLO: Equinor ASA has entered into an agreement with BP to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion, a news release said. Through this transaction, the two companies are also establishing a strategic partnership for…
Cloudberry Clean Energy makes offshore wind power transaction in Sweden
OSLO, NORWAY: Cloudberry Clean Energy AS has received 100% acceptance for its offer to the shareholders in Scanvind2 AS, the holding company of the offshore wind project “Rewind Vänern”. The transaction marks a new step towards Cloudberry’s ambition of becoming a substantial developer of offshore wind in the Nordics. The 16-turbine/100 MW project is located…