PARIS: Total and its partners announced the start-up of the Floating Production Storage and Offloading (FPSO) P-70 of the Iara cluster (Block BM-S-11A), located in the deepwater Santos Basin pre-salt offshore Brazil. With a productive capacity of 150,000 barrels of oil per day, this new unit double the overall production capacity of the Iara cluster…
Bulk Industrier AS is contemplating a new bond issue
OSLO: Bulk Industrier AS has mandated ABG Sundal Collier ASA and Arctic Securities AS to explore the possibility to issue a new bond of up to NOK 1.1 billion. The net proceeds from the potential bond issue will be employed to refinance Bulk Industrier AS’s currently outstanding bond (BUIN02) and for general corporate purposes.
Spire Healthcare appoints Professor Clifford Shearman
LONDON: Spire Healthcare Group has announce the appointment of Professor Clifford Shearman (Cliff) as an independent Non-Executive Director with effect from 1 October 2020. He will also join the Clinical Governance and Safety Committee from 1 January 2021. This appointment increases the number of Board members with clinical experience to four, strengthening Spire Healthcare’s clinical…
Hummingbird Resources signs SPA for the acquisitions of Kouroussa Gold Project
LONDON: Hummingbird Resources announced the signing of a conditional binding Sale and Purchase Agreement (SPA) confirming and setting out the key terms for the acquisition of the Kouroussa Gold Project located in Guinea, from Cassidy Gold Corp. The Company has also completed a more in-depth review of the Project’s geological database which highlights promising drill…
easyJet announce aircraft sale and leaseback for $255 million
LONDON: easyJet announce to have successfully agreed the sale and leaseback of six A320neo aircraft for aggregate cash sales proceeds of $255 million (approximately £206 million). The proceeds of this transaction make up part of the anticipated £500-650m in funding from sale and leasebacks which was highlighted in the trading update of 28 May 2020…
Keywords Studios acquires Coconut Lizard for $2mn to strengthen game development service line
LONDON: Keywords Studios, the international technical and creative services provider to the global video games industry, has announced the acquisition of Coconut Lizard Limited, a company providing specialised game development services, for a consideration of up to £2 million. Based in Gateshead, United Kingdom, Coconut Lizard is a well-regarded provider of game development engineering services…
X5 launches operations in Kaliningrad
MOSCOW: X5 Retail Group, a leading Russian food retailer announced that it has opened its first stores in the Kaliningrad region, making it the 66th region of Russia where the company operates. X5 operates the Pyaterochka, Perekrestok and Karusel chains. The first three stores were opened in the Kaliningrad metropolitan area and two were opened…
Windstream’s restructuring plan under Chapter 11 confirmed by Court
LITTLE ROCK: Windstream Holdings Inc., a leading provider of advanced network communications and technology solutions, announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company’s Plan of Reorganization. The Company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection as a privately held…
Itron signs agreement with Accell as lead distributor in Latin America
LIBERTY LAKE: Itron Inc., which is innovating the way utilities and cities manage energy and water, announced the successful closing of the previously announced agreement to partner with Accell as Itron’s regional partner and lead distributor for the Latin America region. As part of the agreement, Accell will manufacture devices sold in Latin America and…
Kleos Space to launch new data collecting technology as a ‘hosted payload’ on board the Faraday-1 on 3rd July 2020
PERTH: Kleos Space S.A., space-powered Radio Frequency Reconnaissance data provider, is launching new data collecting technology (software defined radiopayload) integrated in an In-Space Missions Ltd (In-Space) Faraday-1 spacecraft to be launched into a sun-synchronous orbit from New Zealand by Rocket Lab on the 3rd July as part of the Company’s R&D programme. The launch of…
SGX welcomes Southern Alliance Mining to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed Southern Alliance Mining Ltd. to its Catalist under the stock code “QNS”. Southern Alliance Mining Ltd. opened at S$0.26 on Friday. Southern Alliance Mining Ltd. is an established producer of high-grade iron ore products in Malaysia, principally involved in the exploration, mining and processing of iron ore for sale….
Bain Capital moves forward to become new owner of Virgin Australia
SYDNEY: Virgin Australia moves to re-launch with the announcement that Bain Capital has entered into an agreement with its administrators to become the new owner of the airline. Virgin Australia will now work closely with Bain Capital on its vision for the business moving forward. Virgin Australia Chief Executive Officer and Managing Director, Paul Scurrah,…