ÅLESUND, NORWAY: The Hellesylt Hydrogen Hub, a consortium of leading players in the hydrogen field, has been awarded NOK 37.6 million under the PILOT-E funding scheme for the development of a hydrogen production facility that can deliver hydrogen to ferries and cruise ships in the Geirangerfjord, as well as to other mobility applications. The ambition…
Europris acquires a 20 percent equity stake in ÖoB
FREDRIKSTAD: Europris ASA, Norway’s largest discount variety retailer by sales, has today acquired a 20 per cent equity stake in ÖoB with payment in Europris shares. The acquisition of the equity stake has now been completed by the delivery of 4,349,695 Europris shares, corresponding to 2.61 percent of the share capital. This acquisition represents an…
Pakistan’s ship breaking industry declining due to poor human resource management, institutional failure
KARACHI, PAKISTAN: Federal Minister for Maritime Affairs Ali Zaidi said the country’s ship breaking industry was declining due to poor human resource management and collective failure at institutional level. “Pakistan used to be world’s leader in this industry in the past, but our poor human resource management and collective failure at institutional level has ranked…
Amber Group opens first in-house branded hotel in Gudauri
LONDON, UK: Georgia Capital’s hospitality business, Amber Group has opened “Gudauri Lodge Hotel” – the first in-house branded hotel in the hospitality business portfolio. The upscale resort Hotel is conveniently located on the slope with ski-in and ski-out facilities in Gudauri – a leading ski resort in the Caucasus region. Embracing Amber Group’s focus on…
JLEN Environ acquires 70% stake in Bio Collectors
LONDON: JLEN Environment, the listed environmental infrastructure fund, acquired 70% equity stake in Bio Collectors Holdings Limited. The acquisition was funded by a draw-down on JLEN’s revolving credit facility. BCH, through its subsidiary companies holds the rights and operational assets that make up the anaerobic digestion (AD) plant and the Bio Collectors waste collections business….
Gateley acquires T-three Group for £3.4 million
LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of T-three Group for a consideration of £3.4 million. T-three complements Kiddy & Partners, which Gateley acquired in July 2018, and together these businesses create one of the largest specialist Human Capital consultancy businesses in the UK. T-three offers services…
EIB announces EUR 60 billion funding programme for 2020
LONDON: The European Investment Bank (EIB) has estimated its funding needs for 2020 at EUR 60 billion.The EIB has completed its 2019 funding programme of EUR 50.3 billion – in line with the funding authorization announced for the year. The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by…
Li3 completes acquisition of Warrigal Mining
SYDNEY: Lithium Consolidated Ltd (Li3) has completed acquisition of 100% of Warrigal Mining Pty Ltd, a Western Australian based exploration company. Under the share sale agreement, Li3 agreed to provide consideration in 3 tranches and advises that is has provided the following consideration to complete Tranches 1 and 2: Tranche 1: Li3 has issued a…
Vection commences early stage collaboration with MUNER
SUBIACO: Vection Technologies Ltd, a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has commenced early stage collaboration with the Motorvehicle University of Emilia Romagna (MUNER). MUNER represents automotive household names including Automobili Lamborghini, Dallara, Ducati, Ferrari, Haas F1 Team, HPE COXA, Magneti Marelli, Maserati, Pagani, Scuderia Toro Rosso….
AM Best assigns credit ratings to new members of Westfield Group
OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” to Westfield Champion Insurance Company, Westfield Premier Insurance Company, Westfield Superior Insurance Company and Westfield Touchstone Insurance Company. The outlook assigned to these Credit Ratings (ratings) are stable. These companies are newly…
NLMK Group and Belgian SOGEPA sign agreement
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy. NBH comprises the production companies and service centers of the NLMK Europe Strip Division (NLMK La Louvière, NLMK…
Polarcus awarded marine seismic acquisition program in Brazil
OSLO: Polarcus Limited has announced the award of a marine seismic acquisition program in Brazil commencing in Q3 2020 with a duration of approximately 10 months. The program comprises 4D acquisition in obstructed areas with a multi-azimuth component. Polarcus is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data…