LONDON: PJSC LUKOIL concluded an agreement with Cairn Energy PLC to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash, a news release said. The agreement also provides for potential bonus payment to Cairn Energy PLC of up to $100 mln after…
Perpetual Limited acquiring 75% stake in Dallas based Barrow Hanley for $319 million
PERTH: Perpetual Limited has entered into an agreement with BrightSphere Investment Group Inc. (BSIG) to acquire BSIG’s 75% interest in Barrow Hanley for US$319 million, a news release said. Based in Dallas, Barrow Hanley is a diversified investment manager with funds under management (FUM) of approximately US$44.1 billion across 21 key strategies. Barrow Hanley has…
AstraZeneca and Daiichi Sankyo enter collaboration to develop and commercialise oncology treatment
LONDON: AstraZeneca has entered into a new global development and commercialisation agreement with Daiichi Sankyo Company Limited for DS-1062, Daiichi Sankyo’s proprietary trophoblast cell-surface antigen 2 (TROP2)-directed antibody drug conjugate (ADC) and potential new medicine for the treatment of multiple tumour types. DS-1062 is currently in development for the treatment of multiple tumours that commonly…
Moderna expands BARDA agreement to support COVID-19 vaccine program
CAMBRIDGE: Moderna Inc., a clinical stage biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, announced a modification to its contract with the Biomedical Advanced Research and Development Authority (BARDA) for an additional commitment of up to $472 million to support late stage clinical development…
PetroTal announces restart of production at Bretana oil field
HOUSTON: PetroTal Corp. provided an update on operations at the Bretana oil field which, as previously indicated, recommenced in mid-July. On May 7, 2020, PetroTal announced that it had temporarily shut in the Bretana oil field operations in response to a directive issued by the Peruvian government’s health department related to COVID-19 prevention, that resulted…
Jennifer Hawkins appointed Bubs Australia’s Global Brand Ambassador
MELBOURNE: Bubs Australia Limited has entered into an agreement with former Miss Universe, TV celebrity and new mother, Jennifer Hawkins, to be Bub’s Global Brand Ambassador. The appointment is for a three-year term, covering all international markets with category exclusivity. Jennifer’s new role coincides with the announcement of the launch of Vita Bubs., a new…
Ratings of China Taiping Insurance affirmed with stable outlook
SINGAPORE: Global rating agency, AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of China Taiping Insurance (Singapore) Pte. Ltd (CTPIS). China Taiping Insurance is a wholly owned subsidiary of China Taiping Insurance Holdings Company Limited (CTIH), which is ultimately majority owned by China Taiping…
Huawei and RAIN partner to jointly launch first standalone 5G network in Africa
BEIJING: Rain, South Africa’s data-only mobile network launched its first Standalone 5G (SA 5G) network in the country. Powered by Huawei, this is the first commercial standalone 5G network in Africa. Rain’s Standalone 5G is currently available in Cape Town covering areas including Sea Point in Cape Town, Claremont, Goodwood, Bellville, Durbanville, and Cape Town…
Interferon treatment trial appears to be a major breakthrough against COVID-19
TORONTO: The preliminary results of a clinical trial by a UK biotech suggests that an interferon inhalation treatment for COVID-19 reduces the number of patients needing intensive care. In the UK study, the treatment was delivered through a nebulizer and inhaled directly into the lungs of patients with coronavirus. The initial findings suggest the treatment…
Berkshire Partners joins with Eric Roza to acquire CrossFit
BOSTON: Berkshire Partners, a Boston-based investment firm, announced it has jointly entered into an agreement with technology entrepreneur and CrossFit gym owner Eric Roza to acquire CrossFit. In the 20 years since its founding, CrossFit has grown from a garage gym in Santa Cruz, California, to become a leading global health and fitness brand, improving…
Pamela O’Rourke selected as a 2020 Most Admired CEO Honoree by Houston Business Journal
HOUSTON: Pamela Chambers O’Rourke, Founder and CEO of ICON Information Consultants, LP, has been named as a 2020 Most Admired CEO Honoree, an award which honors outstanding and admirable Houston-area CEOs. Judges scored each candidate based on his or her contribution to company success, civic involvement, career achievement and more. The judges selected 31 for-profit…
sPower closes on $700 million construction financing for 620 MW Spotsylvania Solar Energy Center
SALT LAKE CITY: sPower, a leading renewable energy Independent Power Producer (IPP), announced that the company closed on $700+ million construction/term loan financing for Spotsylvania Solar Energy Center in Spotsylvania County, Virginia. At 620 MW DC, this is the largest solar project east of the Rockies. The project is currently under construction, with phases coming…