LONDON: Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announced the initiation of its enlarged share buyback programme to purchase up to US$10 million of the Company’s Ordinary Shares over three months, commencing on 8 July 2020. This follows the sale of…
Ørsted and TSMC sign the world’s largest renewables corporate power purchase agreement
LONDON: Ørsted A.S and Taiwan-based TSMC have signed a corporate power purchase agreement (CPPA). TSMC will offtake the full production from Ørsted’s 920MW Greater Changhua 2b & 4 offshore wind farm, making it the largest-ever contract of its kind within renewable energy. The 20-year fixed-price contract period starts once Greater Changhua 2b & 4 reaches…
TUI Group completes sale of Hapag-Lloyd Cruises to TUI Cruises
HAMBURG: The TUI Group has successfully completed the sale of its subsidiary Hapag-Lloyd Cruises to TUI Cruises. Hamburg-based TUI Cruises is a joint venture between TUI and Royal Caribbean Group. The joint venture TUI Cruises, which has developed very successfully since 2008, will thus be expanded as planned. TUI had agreed the sale in February….
Damstra Holdings offer to acquire Vault Intelligence
PERTH: Damstra Holdings Limited, an Australian-based global provider of integrated workplace management solutions, announces that it has entered into an implementation agreement to acquire Vault Intelligence Limited. The acquisition will create a larger, more diversified, workplace management company with an expanded and highly complementary product range. Among the benefits of the combination, the merged group…
Quorum Health Corporation completes financial restructuring, appoints Joey Jacobs CEO
BRENTWOOD: Quorum Health Corporation has successfully completed its financial restructuring and emerged from the Chapter 11 process in U.S. Bankruptcy Court for the District of Delaware. The Company announced the appointment of veteran health care executive Joey Jacobs as Chief Executive Officer as well as a new Board of Managers with extensive healthcare experience. The…
Mary Kay continues support of beauty, fashion, and design in events held across Asia, Europe and the U.S.
DALLAS: Mary Kay Inc. and its Mary Kay Global Design Studio, recently sponsored and participated in various beauty, fashion and design events around the world with the aim of promoting the art of individual and unique beauty—and beauty artists themselves—setting the stage for the upcoming trends for the season. Glamhive Live & Glamhive Digital Summer…
Coca-Cola HBC names Naya Kalogeraki Chief Operating Officer
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that the Nomination Committee of its Board of Directors has appointed Naya Kalogeraki to serve in the newly created role of Chief Operating Officer (COO), effective September 1, 2020. She will report to Zoran Bogdanovic, Coca-Cola HBC’s CEO. In her new role, Kalogeraki will be central to driving strategy…
HGM to acquire Jade Gas, holding entity of Mongolian coal seam gas projects
PERTH: High Grade Metals Ltd (HGM) announced it has signed a binding term sheet to acquire 100% of the issued capital of Jade Gas Pty Ltd. Subject to the satisfaction of the relevant conditions, and on the assumption that High Grade Metals Ltd (HGM) conducts and completes a consolidation on 5:1 basis (i.e. that every…
Julius Group and Noble Biomaterials partner to launch antiviral PPE for consumers
HONG KONG: Julius Group and Noble Biomaterials announced the launch of a strategic partnership to produce reusable antiviral/antibacterial gloves and masks for consumer use. The reusable antimicrobial gloves and masks will be made with fabric that incorporates 99.9% pure silver, which provides a dramatic reduction in virus infectivity on soft surfaces. These consumer products will…
NI completes $365 million acquisition of OptimalPlus
AUSTIN: NI, formerly National Instruments, announced it has officially closed the acquisition of OptimalPlus, a global leader in data analytics software for the semiconductor, automotive and electronics industries. Companies are looking for new and innovative ways to apply digital transformation initiatives to their businesses to combat increasing complexity and get new innovations to market faster….
TraceSafe debuts Wireless LTE quarantine gateway technology
TORTOLA: TraceSafe Inc. announce the introduction of its IMSafe Gateway. The IMSafe Gateway is a GPS and LTE-enabled device that can replace the need to pair mobile phones in both Tracesafe’s iMSafe and AllSafe products. TraceSafe products require a connection to the internet, which was previously provided when a user’s smartphone was paired to their…
Ardmore Shipping not interested in Hafnia Limited’s proposal to combine businesses
OSLO: Hafnia Limited announced that it has made a proposal to combine with Ardmore Shipping Corp in an all-stock transaction. On June 19, 2020, Hafnia sent a letter to the chairman of the board of directors of Ardmore outlining its proposal and inviting the Ardmore Board to engage in a discussion regarding a transaction that…