SYDNEY: Downer EDI Limited announced that its Asset Services business had recently been awarded a number of contracts in the power generation, oil and gas, and industrial sectors with a combined value of approximately $324 million. The Chief Executive Officer of Downer, Grant Fenn, said the contract wins demonstrate Downer’s position as an industry leader…
Westpac announces to bring back around 1,000 jobs to Australia from overseas
MELBOURNE, AUSTRALIA: Westpac Group has announced it will bring back around 1,000 jobs to Australia from overseas as it seeks to bolster the strength and resilience of its operations and improve support for customers. The decision follows a surge in demand for customer assistance at the start of the COVID-19pandemic, which created challenging conditions for…
Cromwell and IGIS purchasing seven DHL logistics assets in Italy for A$85.7 million
BRISBANE: Cromwell Property Group and Korean real estate investment manager IGIS Asset Management (IGIS) have signed binding agreements to purchase seven DHL logistics assets in Italy for A$85.7 million (€52.5 million), with settlement due in September 2020. Cromwell will fund its share of the acquisition from existing cash reserves. It is intended that the assets…
Mark Tory appointed CEO of Northern Minerals Limited
SYDNEY: Northern Minerals Limited announced that the Company’s long-serving Chief Financial Officer and Company Secretary Mark Tory has been appointed Chief Executive Officer. Acting Executive Chairman Colin McCavana will revert to his former role of Non-Executive Chairman of the Northern Minerals’ Board, after a period care-taking the executive function of the Company following the resignation…
Tim wither appointed Managing Director of Maximus Resources Limited
PERTH: Maximus Resources Limited announced that Mr Tim Wither has been appointed Managing Director of the company. Mr Wither will commence in his role on or before 27 August 2020. Mr Wither is a mining engineer with over 18 years of exploration, operational and executive experience in gold and base metals projects in Australia and…
Rostelecom started construction of a Tier IV data center in Moscow with 2,000 racks capacity
MOSCOW: Rostelecom PJSC, the largest integrated digital service provider in Russia, announced that it has started the construction of a Tier IV data center in Moscow, with ultimate level of redundancy and reliability, and fault tolerance. Rostelecom’s new Tier IV data center will be built in south-eastern Moscow, with total area of 10,150 sqm and…
Sanofi and GSK agree with the UK government to supply up to 60 million doses of COVID-19 vaccine
LONDON: Sanofi and have reached an agreement, subject to final contract, with the UK government for the supply of up to 60 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…
Gresham Technologies completes acquisition of Inforalgo Information Technology Limited
LONDON: Gresham Technologies has completed the acquisition of the entire issued share capital of Inforalgo Information Technology Limited on 28 July 2020 for a total consideration of up to £3.6 million, comprising initial consideration of £2.3 million and deferred consideration of up to £1.3 million, a news release said. The acquisition is expected to be…
Directa Plus signs technical and commercial agreement with Italdesign
LONDON: Directa Plus, a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, has signed a technical and commercial agreement with Italdesign S.p.A, a global leader in automotive design and engineering, a news release said. Part of Volkswagen AG, Italdesign also specialises in styling, engineering, prototyping and testing…
Cloudveil forms strategic partnership with Axis Security
LONDON: Security and Risk Management Consultancy, Cloudveil Limited announced the foundation of a strategic partnership with Axis Security Services Limited, one of the UK’s leading providers of Integrated Security Solutions. The partnership will be launched with the delivery of a range of specialist consultancy services at one of Axis’s most prestigious accounts. Main platform functions…
Oracle Power and HH Private Office collaborate to explore potential mining opportunities in Africa
LONDON: Oracle Power PLC has signed a non-binding Memorandum of Understanding (MoU) with The Office of His Highness Sheikh Ahmed Dalmook Al Maktoum (HH Private Office), which will see Oracle and HH Private Office potentially partner and collaborate to explore potential mining opportunities in Africa. HH Private Office currently develops and owns various projects across…
Greenbank Capital announces its merchant banking strategy
TORONTO: GreenBank Capital Inc. has announced the restoration of trading in its shares on the Canadian Securities Exchange, and considerable progress in formulating and implementing its Merchant Banking strategy to reflect the opportunities provided by its investment in Staminier Limited. On March 11th, 2020 GreenBank acquired a 19% stake in Staminier Ltd. In addition, it…