SINGAPORE: The Alpha Data Centre Fund (Alpha DC Fund) has announced that its wholly-owned subsidiary has acquired a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia. The Alpha DC Fund is managed by Alpha Investment Partners Limited (Alpha), a wholly-owned subsidiary of Keppel Capital….
KARACHI: Trade Development Authority of Pakistan (TDAP) will participate at Intersec 2020 to be held in Middle East during January 19-21, 2020, and would hold a Pakistan Pavilion. TDAP will provide subsidized stalls to increase the exports of personal protection equipment (PPE), corporate wear/uniform protecting clothing, gloves, workwear, foot protection, hand/arm protection, firefighting equipment, rescue…
LONDON: HSBC Holdings plc announced that John Flint has Monday stepped down as Group Chief Executive and as a Director by mutual agreement with the Board. Although not carrying out his day-to-day duties after today, he remains available to assist HSBC with the transition. Mark Tucker, Group Chairman of HSBC, said: “On behalf of the…
LONDON: CyanConnode Holdings, a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, has signed a Memorandum of Understanding (MoU) with Hexing Electrical Co. Ltd to collaborate and deliver smart metering solutions in certain territories. Hexing, established in 1992, is a multi-national manufacturing company that supplies Utilities in more than 80 countries across the…
LONDON: ReAssure Group, a leading UK closed book life insurance consolidator, has agreed to acquire the UK Heritage business of Quilter plc for a total consideration of £425 million. ReAssure is a leading closed book life insurance consolidator in the UK. With £69 billion of assets under administration, it is the sixth largest life insurance…
PARIS–(BUSINESS WIRE)–Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for $290 million. “The sale of Total’s interest in this infrastructure reflects its active portfolio management strategy. Rather than own infrastructure assets, the Group’s aim is to hold contracts to use such infrastructure…
MOSCOW, RUSSIA: Rostelecom, the largest digital service provider in Russia, announced that its subsidiary Bashinformsvyaz (Bashtel) has signed an agreement to acquire a 100% stake in three companies to secure full control over the Alliance Telecom Group. Alliance Telecom has been providing internet access and TV services across the Primorsky region since 2007, servicing individual…
MANAMA, BAHRAIN: Ithmaar Holding has announced plans to voluntarily delist from Boursa Kuwait, while maintaining its listing on the Bahrain Bourse and Dubai Financial Market (DFM). Ithmaar is Bahrain-based holding company that is licenced and regulated as a Category-1 Investment Firm by the Central Bank of Bahrain (CBB) and listed on the Bahrain Bourse, Dubai…
LONDON: Inspired Energy, a leading energy consultant to UK and Irish corporates, has completed the acquisition of an initial 40 percent of the issued share capital of Ignite Energy. Inspired has paid net £5.0 million, calculated on a cash free debt free basis, for the strategic investment. Inspired also has an exclusive option, until 31…
LONDON: Trackwise Designs Plc, a leading provider of specialist products using printed circuit technology, has signed a Collaboration Agreement with GKN Aerospace, (GKN), the world’s leading multi-technology tier 1 aerospace supplier, for the industrialisation of GKN Aerospace Type 8 Ice Protection System. The collaboration agreement will see GKN Aerospace and Trackwise build upon existing development…
LONDON: Highlands Natural Resources has entered into a two-year agreement to provide hemp-derived cannabidiol (CBD), grown under quality-controlled conditions to Cellulac plc for conversion to medical grade CBD. The agreement with Cellulac will provide for the conversion of the CBD, supplied by Highlands, into medical-grade CBD and submission of the finished products to Integumen’s Labskin…
LONDON: Majestic Wine PLC has entered into an agreement to sell Majestic Wine Warehouses Limited and Les Celliers de Calais, which together comprise the Majestic Retail and Commercial businesses to CF Bacchus Holdings Limited, a vehicle controlled by funds managed by Fortress Investment Group LLC, for a total consideration of £95 million. A separate sale…