LONDON, UK: St. Modwen has completed the sale of its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38 million. The 411-bedroom accommodation was sold to University Partnerships Programme (UPP Group Limited), a leading provider of on-campus residential and academic accommodation infrastructure. Following completion of the…
SDI Group acquires Chell Instruments for of £4.3mn
LONDON: SDI Group plc, the group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, has acquired Chell Instruments Limited for a consideration of £4.3 million plus an additional cash payment for net assets at completion. Ken Ford, Chairman of SDI said: “Chell…
Premier Oil achieves first gas from BIG-P project
LONDON, UK: Premier Oil Plc has achieved first gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia. Premier expects BIG-P’s recoverable reserves to be in excess of the 93 BCF (gross) estimated at sanction as a result of the successful three-well drilling campaign which encountered…
Marlowe acquires FSE Fire Safety Systems Limited £2.4 million
LONDON, UK: Marlowe plc has acquired FSE Fire Safety Systems Ltd (FSE) for an initial consideration of £2.4 million. Headquartered in Nottingham, FSE was founded in 2005 and provides a range of fire safety and security services. The business operates nationally with a large base of customers in the East Midlands area. For the year…
Dekel forms JV with GEG to develop HCTPPs in Côte d’Ivoire
LONDON: Dekel Agri-Vision has signed a JV Agreement with Green Enesys Holdings Ltd. (GEG), a European renewable energy company with offices in Switzerland, Germany, Cyprus and Italy, to seek to develop HCTPPs in Côte d’Ivoire. The development of HCTPPs is in line with Dekel’s strategy to further reduce costs at its vertically integrated palm oil…
Advanced Medical acquires French Biomatlante for €8 million
WINSFORD: Advanced Medical Solutions Group has acquired French company Biomatlante SA, a well-established international developer and manufacturer of innovative surgical biomaterial technologies for €8 million, with a potential further up to €0.3 million due over the next two years. Advanced is the surgical and advanced wound care specialist company. The acquisition will strengthen AMS’s product…
ARENA completes design and installation of Diriyah Arena
LONDON: Arena Events Group plc has completed the design and installation of the 15,000 seat Diriyah Arena and hospitality structure, ahead of the Joshua v Ruiz II boxing “Clash on the Dunes” being held on 7 December 2019. Commissioned by the Saudi General Sports Authority, the purpose-built arena was constructed in six weeks and is…
Thomson appointed CEO of MJ Gleeson
LONDON: The Board of MJ Gleeson plc announced that James Thomson, currently the Group’s interim CEO, has been appointed to the role on a permanent basis with immediate effect. The appointment follows a comprehensive search process, led by an external search firm, which included internal and external candidates. Dermot Gleeson, Chairman, commented: “The Board is…
NTPC lists its commercial paper at BSE
MUMBAI: On November 29, 2019, NTPC Limited, India’s largest energy conglomerate, made an application to list Commercial Paper at BSE for an Issue Size of Rs. 1500 crore. Post process, the effective date of listing for the same at BSE is December 02, 2019. BSE, Asia’s oldest exchange on November 26, 2019 announced the Framework…
Sindh unveils Pakistan’s first waste-to-fuel transport project
KARACHI: Sindh government Thursday unveiled the Karachi Breeze Red Line Project, which will be the first ever transport system in Pakistan to use bio-methane produced from animal waste as a fuel resource for its 213 bus fleet. The project will have an estimated cost of Rs78.384 billion and will provide transport services for 300,000 people…
Active Energy awards first CoalSwitch licence agreement in Canada
LONDON: Active Energy Group Plc, an international biomass based renewable energy business, has agreed terms for the issuance of its first CoalSwitch Licence Agreement to RMD Environmentals, Inc. (RMDE) to develop and manage projects involving the use of CoalSwitch technology in each of the Crown Provinces of Alberta and British Columbia in Canada. RMDE is…
Grainger to forward fund 132-home PRS development for £55.5 million
LONDON: Grainger plc has agreed to forward fund a 132-home private rented sector (PRS) development in the Hallsville Quarter development at Canning Town, London for c.£55.5 million. The scheme, which also includes c.11,000 sqft commercial space, will be developed by Linkcity, with Bouygues UK the building contractor. This is the fifth PRS scheme Linkcity and…