LONDON: Omega Diagnostics, the medical diagnostics company, announced that its CE-Marked Mologic ELISA antibody test has been approved for testing of COVID-19 in India. Approval for sale remains conditional on the submission of supporting technical data and the Company is confident that this submission will be successful, and that Omega will be able to sell…
Global Ports Holding appoints Jan Fomferra as Chief Financial Officer
LONDON: Global Ports Holding, the world’s largest independent cruise port operator, announced the appointment of Jan Fomferra as Chief Financial Officer. Jan has a significant level of financial experience gained across a range of sectors, having worked at various in-house corporate finance functions and in a corporate finance advisory capacity for much of his career….
Gamma Communications acquires 80pc stake in HFO Holding for €20.4 million
LONDON: Gamma Communications plc, a leading technology-based provider of communications services, announced that it has acquired 80% of the issued share capital of HFO Holding AG (HFO) on 1 July 2020, and has an option to acquire the remaining 20% over the next three years. The acquisition is expected to be earnings enhancing immediately from…
VR Education announces launch of ENGAGE Mobile
LONDON: VR Education, a leading virtual reality (VR) technology company focused on the education and enterprise training space, announced the launch of ENGAGE Mobile, an android phone and tablet supported version of the Group’s proprietary VR communications, events and training platform. As notified on 16 June 2020 in the Group’s final results announcement, the ENGAGE…
PG&E obtains all financing necessary to emerge from Chapter 11 and for ongoing operations
SAN FRANCISCO: PG&E Corporation and Pacific Gas and Electric Company announced that PG&E has emerged from Chapter 11, successfully completing its restructuring process and implementing PG&E’s Plan of Reorganization that was confirmed by the United States Bankruptcy Court on June 20, 2020. “Today’s announcement is significant for PG&E and for the many wildfire victims who…
Curaleaf unveils nationwide expansion plans for Select brand
WAKEFIELD: Curaleaf Holdings Inc., a leading multi-state cannabis operator in the United States, announced the continued expansion of its line of select brand into new markets including Maine, Massachusetts, Ohio and Florida between now and August 2020. It will expand its line of Select brand products into Connecticut. Select Elite Live cartridges will be available…
Zwipe and Publicenter collaborate on biometric payment solutions
BOLOGNA: Biometric fintech company Zwipe and Publicenter, Italy’s largest domestic smart card manufacturer, announced the launch of a collaboration aimed at bringing the next generation contactless experience, powered by biometric payment cards and wearables to financial institutions and consumers across Europe. Publicenter is a VISA and Mastercard certified smart card manufacturer, with over forty years…
Mutares completes the acquisition of certain seals and fluids activities from Cooper Standard
MUNICH: Mutares SE & Co KGaA has successfully completed the acquisition of certain Cooper Standard activities in Poland, Italy, Spain and India. With the completion of the acquisition, the company will operate under the new name SFC Solutions. SFC Solutions employs around 2,500 employees at six locations in Europe and seven production sites in India…
Photocure appoints Susanne Strauss as Vice President and General Manager of Europe
OSLO: Photocure ASA announced the appointment of Susanne Strauss as Vice President and General Manager of Europe, effective 1 July 2020. “I am pleased to welcome Susanne Strauss to the Photocure team and I am confident that Susanne’s background and experience will lend itself to the success launch of our European-wide organization this fall. Susanne…
Indian conglomerate, S Lad Group proposes strategic business collaboration and acquisition of BlackGold
SINGAPORE: BlackGold Natural Resources Limited announced that it has received a letter of intent (LoI) from S Lad Group for a proposed strategic collaboration on the Group’s mining assets and an acquisition of the Company. The LOI is intended to be a basis for further negotiations between the Company and S Lad Group and does…
Tata Motors registers 82% decline in domestic sales to 23,845 units in Q1 FY21
MUMBAI: Tata Motors Limited announced its sales in the domestic & international market, for Q1 FY21, which stood at 25,047 vehicles, compared to 137,545 units during Q1 FY20. Mr. Girish Wagh, President, Commercial Vehicles Business Unit, Tata Motors Ltd. said, “Amidst subdued demand environment, Q1 was marked by successful transition to BSVI across the range…
SGX to introduce SGX FTSE Taiwan Index futures
SINGAPORE: Singapore Exchange (SGX) is introducing a futures contract on the FTSE Taiwan RIC Capped Index (FTSE Taiwan) to enable global investors to gain exposure to a broad representation of large and mid-capitalisation Taiwan stocks, while meeting fund managers’ diversification objectives. The SGX FTSE Taiwan Index futures contract will be launched on 20 July 2020….