DUBAI: Dubai Investments PJSC, the leading, diversified Investment company listed on the Dubai Financial Market, has reported net profit of AED 205 million for the period ending June 30, 2020, compared to AED 353 million for the same period last year. The drop in net profit is mainly attributable to a one-off gain on an…
Warrego appoints CEO for Australian operations
SYDNEY: Warrego Energy Limited announced that it had appointed Mr David Biggs as CEO of its Australian operations from 1 August 2020, reporting to Mr Dennis Donald, Group CEO and Managing Director. David, currently a non-executive director, will remain on the Warrego Board as an Executive Director. David has more than 35 years’ experience in…
Jadar to acquire the Granite Belt, Queensland Silver Mine
PERTH: Jadar Resources Limited has entered into a binding term sheet with Moreton Resources Limited and MRV Metals Pty Ltd for the purchase of MRV’s Southern Queensland Granite Belt tenement portfolio, including MRV’s Granite Belt Silvermining operations which is currently on care and maintenance. Consideration is AU$ 500,000 cash, with non-refundable deposit of AU$ 120,000…
Sanofi and GSK in to supply EU with 300m COVID-19 vaccines doses
LONDON: Sanofi and GSK are in advanced discussions with the European Commission (EC) for the supply of up to 300 million doses of a COVID-19 vaccine. The vaccine candidate developed by Sanofi in partnership with GSK, is based on the recombinant protein-based technology used by Sanofi to produce an influenza vaccine, and GSK’s established adjuvant…
San Leon acquires 10% interest in new Nigerian Oil Export System
LONDON: San Leon Energy announced that it is investing US$15 million in Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (ACOES) project. San Leon will also receive one seat on the board of ELI pursuant to its investment. The investment comprises a 10% equity interest in ELI…
Breedon Group acquires assets of CEMEX
LONDON: Breedon Group Plc announced the completion on 31 July 2020 of its acquisition of certain assets and operations from CEMEX, as announced on 8 January 2020. As previously indicated, the Competition and Markets Authority (CMA) has instructed that these assets should be held separate from Breedon until it has completed its investigation. Accordingly, the…
K3 Capital acquires Quantuma Advisory Limited for an initial consideration of £26.95 million
LONDON: K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, has acquired the entire issued and to be issued share capital of Quantuma Advisory Limited, a holding company containing the assets of Quantuma LLP for an initial consideration of £26.95 million, a news release said. The acquisition is expected to…
British Honey signs licensing and distribution agreement with English Heritage
LONDON: The British Honey Company plc (BHC), the producer of premium British Honey-infused spirits and alcohol sanitiser products, has signed a strategically important four-year Global Licensing and Distribution Agreement with English Heritage. English Heritage is a registered conservation charity which cares for over 400 historic monuments, buildings and places – from world famous prehistoric sites…
TUI Group to provide five new Boeing 737 MAX-8 aircraft to BOC Aviation
HANOVER: TUI Group has confirmed the signing of a sale and leaseback (SLB) agreement with BOC Aviation Ltd for five new Boeing 737 MAX-8 aircraft for the aggregate sum of $226 million. The first aircraft is expected for delivery in the first quarter of FY21 with the remaining four aircraft expected to be delivered ahead…
L3Harris Technologies completes sale of EOTech to American Holoptics
MELBOURNE: L3Harris Technologies has completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management. With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world, a news release said. L3Harris…
Zenith Energy terminates SPA for acquisition of Coro Energy Italian assets
OSLO: Zenith Energy Ltd. announces the termination of the sale and purchase agreement (SPA) entered into with Coro Energy plc for the acquisition by Zenith of Coro’s entire Italian natural gas production and exploration portfolio. Under the SPA, completion of the Italian Acquisition was conditional on, inter alia, receipt of Italian regulatory approvals prior to…
Gaming Innovation Group signs platform agreement with Mill of Magic
OSLO: Gaming Innovation Group Inc. (GiG) has signed a long-term agreement with a subsidiary of Casumo, Mill of Magic Ltd, for the provision of GiG’s platform, data platform and GiG Logic. Mill of Magic will use GiG’s products to power its new Pay N Play casino offering under its own license from the Maltese Gaming…