WOODLANDS: Nexeo Plastics announced that Paul Tayler, formerly Vice President of Europe Division, has been appointed Chief Executive Officer, effective September 1, 2020. Interim Chief Executive Officer Michael Modak will transition his responsibilities to Mr. Tayler and remain a member of the Company’s Board of Directors. A seasoned commercial business leader with extensive experience in…
Architect Equity acquires Aerospace Composites Division of AAR; renames to Aeromatrix Composites
LOS ANGELES: Architect Equity has acquired the Aerospace Composites Division of AAR Corporation, a news release said. The division is now doing business as Aeromatrix Composites but will continue to be based in Clearwater, Florida. Aeromatrix designs, fabricates and assembles composite products and solutions for customers in the commercial aerospace and defense industries. Dionisio Lucchesi,…
Americold Realty Trust acquires two cold storages for $107.5 million
ATLANTA: Americold Realty Trust has acquired a 3.2 million cubic foot cold storage facility in Tampa, FL for $25.0 million, and closed on a previously announced acquisition of AM-C Warehouses in the Dallas-Fort Worth, TX market totaling 13.8 million cubic feet, for $82.5 million, a news release said. “We are excited to announce the completion…
Smartsheet expands channel presence in Australia and New Zealand
SYDNEY: Smartsheet (NYSE: SMAR), the enterprise platform for dynamic work, today announced ANATAS, an FTS Group company, has joined Smartsheet Aligned, the company’s growing channel program which recently launched in the APAC region, as a Platinum Solution Partner. “We’re excited to be a part of the Smartsheet Aligned program and the possibilities this partnership will…
Ossur announces establishment of Ossur Japan
REYKJAVIK, ICELAND: Ossur, a global leader in prosthetic and non-invasive orthopaedic technologies has announced the establishment of Ossur Japan G.K., a new entity that will be based in Tokyo and fully operational from January 1st, 2021. Ossur Japan will be led by Mrs. Shoko Nireki, who has been leading the Japanese operations for more than…
Singapore Exchange to launch crypto indices in collaboration with CryptoCompare
SINGAPORE: Singapore Exchange (SGX) is collaborating with UK-based cryptocurrency market data provider CryptoCompare, to launch crypto indices under the SGX iEdge index suite, namely the iEdge Bitcoin Index and iEdge Ethereum Index, as the first batch of such indices. “As the world moves swiftly towards digitalisation in the creation and accumulation of wealth, digital assets…
SGX, in collaboration with HSBC and Temasek, completes pilot digital bond for Olam International
SINGAPORE: Singapore Exchange (SGX), working together with HSBC Singapore and Temasek, has completed its first digital bond issuance on SGX’s digital asset issuance, depository and servicing platform, successfully replicating a S$400 million 5.5-year public bond issue and a follow-on S$100 million tap of the same issue by Olam International. An Asia first for a syndicated…
SGX and GF Securities to promote greater connectivity between Singapore and China’s capital markets
SINGAPORE: Singapore Exchange (SGX) has signed a Memorandum of Understanding (MOU) with GF Securities Corporation, one of the leading securities brokerage houses in China, to promote greater connectivity between Singapore and China’s capital markets. The MOU was announced at the 11th Singapore-Guangdong Collaboration Council meeting co-chaired by Singapore’s Minister for Transport Ong Ye Kung and…
EFG Hermes Research tops ranks of Frontier and MENA research houses in the 2020
CAIRO: EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), announced today that its Research Division has been recognized as the top frontier research house and the second-best research division overall in MENA for the third year running in the 2020 Institutional Investors Poll. It was also ranked 7th across the wider…
Next 15 Communications Group announces acquisition of global growth incubator Mach49
LONDON: Next 15 Communications Group plc has announced it has acquired Mach49, the Silicon Valley-based growth incubator for global businesses. Signaling an important strategic move for Next 15, Mach49 will become the cornerstone of its previously announced plans to create a $100m revenue innovation business to work alongside Next 15’s market leading data, technology and…
NAB agrees to sell MLC Wealth to IOOF for $1.44 billion
SYDNEY: National Australia Bank (NAB) has today entered into a Sale and Purchase Agreement to sell 100% of MLC Wealth (MLC) to IOOF Holdings Ltd. for a purchase price of $1.44 billion. The agreement follows the strategic decision announced by NAB in 2018 to pursue an exit of MLC and is in line with NAB’s…
OMV Petrom completes acquisition of OMV Offshore Bulgaria entering Han-Asparuh
LONDON: OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to…