VEVEY, SWITZERLAND: Société des Produits Nestlé S.A. (Nestlé) announced the results of the tender offer by its wholly-owned subsidiary, SPN MergerSub, Inc., to purchase all of the outstanding shares of common stock of Aimmune Therapeutics, Inc., other than any Shares held by Nestlé and its affiliates, for a price of USD 34.50 per Share. Equinity…
Oncimmune signs agreement with Cedars-Sinai to profile immune response to COVID-19
LONDON: Oncimmune Holdings plc has signed a commercial agreement with Cedars-Sinai, California, USA, to provide antibody profiling in COVID-19 samples as biomarkers for this disease, a news release said. Oncimmune Holdings is being funded by the UK Government to develop a COVID-19 biomarker panel. Cedars-Sinai is a world-leading medical research organisation serving more than 1…
Dr McEachern joins Danakali Limited as Chief Operating Officer
LONDON: Danakali Limited announced that Dr McEachern Rod has been appointed as Chief Operating Officer (COO) for Danakali, effective from 3 December 2020. The appointment of Dr McEachern, who has earned a Ph.D. in Physical Chemistry from the University of Saskatchewan, strengthens and deepens the Company’s potash mining and processing knowledge and leadership capability. As…
SSE Plc selling 50% share in Ferrybridge and Skelton Grange multifuel assets for £995 million
LONDON: SSE plc has entered into an agreement to sell its 50% share in energy-from-waste ventures Multifuel Energy Limited (MEL1) and Multifuel Energy 2 Limited (MEL2) to European Diversified Infrastructure Fund III, for a total cash consideration of £995 million. The transaction is expected to complete by late 2020 subject to antitrust approval by the…
Netcall acquires Belgium-based RPA software provider, Automagica
LONDON: Netcall plc, a leading provider of intelligent automation and customer engagement software, has acquired Oakwood Technologies BV (trading as Automagica), a Belgium-based provider of AI powered Robotic Process Automation (RPA) software, for an initial cash consideration of €1.2 million plus earn-out consideration of up to €1.8 million. The acquisition will provide Netcall with a…
Total and Google Cloud to jointly develop a tool for estimating the solar energy potential of houses’ roofs
PARIS: Total SE and Google Cloud have pooled their expertise to jointly develop an innovative tool, Solar Mapper, which aims to accelerate the deployment of solar panels for individuals (B2C) by providing an accurate and rapid estimate of the solar energy potential of their homes, first in Europe and then worldwide. Solar Mapper uses brand-new…
TECO 2030 admitted to trading on Merkur Market
OSLO: The cleantech company TECO 2030 has today been admitted to trading on Merkur Market (ticker code: TECO-ME). TECO 2030 is an engineering and equipment development company with focus on a greener and cleaner environment. Recently, the company raised NOK 80 million through a private placement. “The financial community is now seeing great value-creating opportunities…
Jason Marine Group exercises option to dispose of investment in Eemarine Gglobal inc.
SINGAPORE: Jason Marine Group Limited has exercised the Put Option to sell its entire eMarine Global (eMarine Investment) for KRW759 per share plus interest accrued on the aggregate consideration at a rate of 5.38% per annum for the period from 28 October 2011 to the date of exercise of the Put Option, in accordance with…
New Zealand Exchange and Singapore Exchange to explore global dairy derivatives partnership
WELLINGTON: New Zealand’s Exchange (NZX) and Singapore Exchange (SGX) have today signed a Heads of Agreement in relation to a global partnership to grow NZX’s dairy derivatives market together, a news release said. The non-binding agreement signed between both exchanges will explore the listing of NZX’s suite of dairy derivatives contracts on SGX’s trading and…
Indonesia’s non-life insurance market stable despite a bleak macroeconomic picture
SINGAPORE: Indonesia’s non-life insurance market is well-diversified and underpinned by solid capitalisation, supporting a stable outlook assigned to the segment. A new Best’s Market Segment Report, titled, “Market Segment Outlook: Indonesia Non-Life Insurance,” states that the non-life insurance market’s overall robust return on equity, supported by stable historical underwriting performance and strong balance sheet fundamentals,…
AM Best affirms ratings of GEICO on it’s balance sheet strength
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) for the members of Government Employees Group (GEICO) based on its strong operating performance, very favorable business profile and appropriate enterprise risk management (ERM). Am Best also affirmed the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” for the members of Government…
Fortescue Metals Group Ltd
Fortescue Metals Group Ltd (Often referred to as FMG) is an Australian iron ore company. Fortescue is the fourth largest iron ore producer in the world after BHP Billiton, Rio Tinto, and Vale. The company has holdings of more than 87,000 km2 in the Pilbara region of Western Australia, making it the largest tenement holder…