KARACHI: The automotive industry is one of the four “locomotives” of the Turkish economy. It assembles some of the country’s largest exporters and represents one of the leading investor industries. Trade development authority of Pakistan (TDAP) will participate with Pakistan pavilion in Automechanika Istanbul 02-05, 2020. TDAP is providing subsidized stalls to increase the exports…
PIA partners, provider of air-rail intermodal solutions, AccesRail
KARACHI: Pakistan International Airlines (PIA) has announced a major new partnership with AccesRail, the world’s leading provider of air-rail intermodal solutions, a press release said on Thursday. The partnership will allow PIA to use AccesRail’s expertise to enable its customers to book train tickets in UK, Spain, Norway and Canada by using PIA’s booking platform,…
Louis Vuitton to polish the historic 1758 carat Sewelô
VANCOUVER: Lucara Diamond Corp. has entered into a collaboration with Louis Vuitton (LV) to manufacture its historic, record setting, 1758 carat Sewelô diamond recovered from its 100% owned Karowe Diamond Mine in Botswana in April 2019. Sewelô, which means “rare find” in Setswana, is the second, +1000 carat diamond recovered from Karowe in four years…
Petrofac appointed for Seagreen wind farm substations
LONDON: Petrofac Limited, a leading international service provider to the oil and gas production and processing industry, has entered into a Preferred Supplier Agreement with SSE Renewables to design, supply and install the HVAC onshore and offshore substations for the Seagreen wind farm project. The wind farm will be located 27 kilometres off the coast…
Vertu acquires Volkswagen dealerships in West Yorkshire for £8.8 million
LONDON: Vertu Motors plc, the automotive retailer across the UK, has acquired trade and assets of four Volkswagen Passenger car dealerships in West Yorkshire from Goodman Retail Limited, a trading subsidiary of Sytner Group Limited. Total consideration is expected to be approximately £8.8 million, and the Board expects the acquisition to be earnings enhancing in…
Calisen Group confirms intention to float on the London Stock Exchange
LONDON: Calisen Group Holdings Limited has confirmed its intention to undertake an initial public offering (IPO) of the ordinary shares of Calisen plc, a new company to be inserted as the ultimate holding company of the Group. The Company intends to apply for admission of the shares to the premium listing segment of the Official…
Elecosoft launches new artificial intelligence visualisation tools
LONDON, UK: Elecosoft Plc has launched its new Artificial Intelligence (AI) software tools at the Domotex Show in Hanover in January 2020. Elecosoft is a specialist international provider of software and related services to the Architectural, Engineering, Construction and Owner-Operator industries and digital marketing industries from centres of excellence in the UK, Sweden, Germany and…
Al Ramz buys market‐making business of SHUAA Capital
DUBAI: Al Ramz Corporation Investment & Development PJSC announced the acquisition of the market‐making business of SHUAA Capital, the leading Asset Management and Investment Banking platform in the region created by the merger of SHUAA Capital and Abu Dhabi Financial Group (ADFG). The transaction will entail transfer of personnel and market‐making activities to Al Ramz….
Lifecare forms JV to develop and digitize technologies
OSLO: Lifecare AS announced an exciting joint venture (JV) to further develop Lifecare’s technology and digitize medical diagnostics. The joint venture with IMS Capital Partners will establish Digital Diagnostics AG, a company co-owned by IMS Capital Partners, Lifecare AS and employees. The deal will take effect from today and Digital Diagnostics AG will become operational…
Havila Shipping signs contracts for Havila Jupiter and Havila Crusader
OSLO: Havila Shipping has secured contract work for Havila Jupiter in the North Sea. The commencement is expected to be early March and for a firm period of 70 days with optional periods of up to 35 days. Havila Shipping has also entered into contract with major UK oil company for the PSV Havila Crusader….
SSE completes £500 million sale of SSE Energy Services Group
LONDON: SSE plc has completed the sale of SSE Energy Services Group Limited, its household energy and services business in GB, to OVO Energy Limited for an enterprise value of £500 million. The net proceeds of the transaction will be used to reduce SSE’s net debt. In the period since SSE and OVO agreed the…
Resolute Mining sells Ravenswood Gold Mine for A$300 million
LONDON: Resolute Mining Limited has entered into definitive transaction documentation to sell the Ravenswood Gold Mine in Queensland to a consortium comprising a fund (EMR Fund) managed by specialist resources private equity manager EMR Capital Management Limited, and Singapore-listed mining and energy company, Golden Energy and Resources Limited for A$300 million. The transaction has been…