SACRAMENTO: Electrochaea GmbH has established a Sacramento-based U.S. subsidiary, Electrochaea Corporation, to accelerate the commercial roll-out of its renewable methane technology in North America. The company offers a climate-friendly solution to store renewable electricity and recycle CO2 in the form of renewable methane. This technology is a major advancement toward the critical goal of transitioning…
FCPT buys an Olive Garden Property for $2.9 million
MILL VALLEY: Four Corners Property Trust (FCPT), announced that it has bought an Olive Garden property for $2.9 million. The property is located within a strong retail corridor in South Carolina and is occupied under a triple-net lease to Darden Restaurants with six years of term remaining. The transaction was priced at a 6.2% cap…
Pioneer Natural Resources agrees to $4.5 billion acquisition of Parsley Energy
AUSTIN: Pioneer Natural Resources Company and Parsley Energy Inc. have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020, a news release said. Under the terms of the agreement, Parsley shareholders will receive…
Peak Positioning to bring lending hub services to Beijing Dianjing Company’ s online stores
MONTREAL: Peak Positioning Technologies Inc. has signed an exclusive agreement with the parent company of national consumer electronics distributor Beijing Dianjing Company Ltd. (BDC) to bring financing solutions to BDC’s 60,000 online retail clients, a news release said. Beijing Dianjing Company Ltd. (BDC) is a wholesale distributor of consumer electronics whose online retail clients sell…
Hong Kong’s Lane Crawford to sell Wildflower’s full CBD product line
VANCOUVER: Wildflower Brands Inc. announced that they would be selling their full CBD product line at Lane Crawford’s Luxury department stores in Hong Kong. Lane Crawford’s department stores will be the first in Hong Kong to bring CBD into high-end retail stores. Lane Crawford is a luxury department store in Hong Kong & China, with…
Nordic trading platform Skilling becomes title partner in the Champion Chess Tour
OSLO: The Nordic trading platform Skilling becomes the title partner for the first tournament in the Champion Chess Tour, which is organized by the Play Magnus Group. As part of the agreement, Magnus Carlsen will also act as Skilling’s ambassador and represent their brand in conjunction with the launch that will take place this autumn….
Telenor selling its HQ building at Fornebu for NOK 5 billion
OSLO: As part of it’s simplification programme, Telenor has decided to sell the headquarter office building at Fornebu, Norway (HQ) to NPRO Holding AS, a wholly owned subsidiary of Norwegian Property ASA (NPRO). The net purchase price will be approximately NOK 5 billion, which will be received on completion. As part of the transaction, Telenor…
Capitaland Retail China Trust to issue S$100 million fixed rate perpetual securities
SINGAPORE: HSBC Institutional Trust Services (Singapore) Limited , in its capacity as trustee of CapitaLand Retail China Trust (CRCT), has priced S$100 million fixed rate subordinated perpetual securities. The Perpetual Securities will be issued under the S$1.0 billion Multicurrency Debt Issuance Programme established by the Issuer. The Perpetual Securities will have no fixed redemption date…
BELLUS Health announces launch of a public shares offering in Canada and the United States
LAVAL, QUEBEC: BELLUS Health Inc. announced the filing of a preliminary prospectus supplement in connection with a proposed public offering of its common shares. BELLUS Health intends to use the net proceeds of the Offering primarily to fund research and development activities, general and administrative expenses, working capital needs and other general corporate purposes. The…
First Women’s Bank selects Fiserv to enable the bank’s launch in early 2021
BROOKFIELD: Fiserv Inc. announced First Women’s Bank, a de novo institution in organization with a strategic focus on the women’s economy through small business lending and other financial services, has selected Fiserv to enable the bank’s launch in early 2021. The bank will leverage core processing and a full range of digital engagement technology from…
Windstream Enterprise names Brad Smith as new channel chief
LITTLE ROCK: Windstream Enterprise (WE), a managed communications services provider, announced organizational changes to its channel partner program. Brad Smith, currently vice president – Indirect Sales at Windstream Enterprise, has been promoted to head of Strategic Channels. “Brad has led award-winning national sales teams for large communications companies. His promotion to Channel Chief ensures the…
BASF and GO Pakistan sign MoU for research-based collaboration for the automotive industry
KARACHI: BASF has entered a partnership with Gas and Oil (GO) Pakistan to help vehicles improve fuel efficiency and reduce their environmental impact, a news release said. A memorandum of understanding (MoU) was signed in the presence of Faisal Akhtar, Managing Director, BASF Pakistan and Zeeshan Tayyeb, Chief Operating Officer, GO Pakistan. Under the MoU,…