LONDON: OptiBiotix Health plc has announced the commercial launch of two products formulated with SlimBiome to the Indian market in partnership with Anthem BioPharma and Zeon Life Sciences. Anthem BioPharma, an Anthem Biosciences Pvt Ltd company, is a fully integrated Indian Pharmaceutical and Biotechnology company with a turnover of £90 million in FY 2019-20 and…
Clear Leisure announces business initiative based on 3D mapping technology of GeoSim Systems
LONDON: The board of Clear Leisure has proposed new business investment and initiative based on the 3D mapping technology of GeoSim Systems Ltd. Clear Leisure has a 4.53% shareholding in GeoSim which is an Israeli company specialising in 3D city mapping to create digital models. Using GeoSim’s technology under licence, Clear Leisure intends to launch…
Oracle Power signs agreement with new partners to develop Thar project
LONDON: Oracle Power PLC, the UK energy developer of a combined lignite coal mine and mine mouth power plant in Thar desert in the south-east of the Sindh Province of Pakistan, has entered into a Joint Development Agreement (JDA) with the Private Office of H.H. Sheikh Ahmed Dalmook Juma Al Maktoum and China National Coal…
Cineworld to acquire Canada based Cineplex for CAD 2.8 billion
LONDON, UK: Cineworld Group has announced proposed acquisition of the largest cinema operator in Canada with a highly attractive, well-invested portfolio and a 75 per cent box office market share, for a consideration of CAD 2.8 billion. Cineworld Group has signed an arrangement agreement with Cineplex Inc. pursuant to which Cineplex shareholders will receive CAD34…
CyanConnode to deploy smart metering for a government-owned utility in South India
LONDON: CyanConnode Holdings plc has received a Letter of Intent (LOI) from partner Genus Power Infrastructures Limited for deployment of 142,000 unit smart metering for one of the largest government-owned utilities in South India. Under this LOI, CyanConnode will supply Advanced Metering Infrastructure (AMI) standards-based hardware, services, and head-end software, which includes a perpetual license…
Studio Retail Group to sell Findel Education Limited for £50mn
LONDON, UK: Studio Retail Group, the online value retail and education business, has entered into a conditional agreement for the sale of Findel Education Limited to the Council of the City of Wakefield, acting in its capacity as the lead authority of the joint committee known as the Yorkshire Purchasing Organisation, for a gross consideration…
NextEnergy energises UK’s largest subsidy-free solar plant Staughton
LONDON, UK: NextEnergy Solar Fund announced the energisation of Staughton, the UK’s largest subsidy-free solar plant with an installed capacity of 50MWp. The Staughton solar plant will cover the yearly electricity demand of approximately 15,000 UK households. It is largely located on a former airfield on the Bedfordshire/Cambridgeshire border. The electricity generated by the plant…
Hellesylt Hydrogen Hub to deliver hydrogen to cruise ships in the Geirangerfjord
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….