LONDON: James Fisher and Sons plc, the leading marine services provider, has confirmed that Eoghan O’Lionaird has been appointed Chief Executive Officer with effect from 1 October 2019. The Company further confirmed that Nick Henry has stepped down as CEO and Executive Director with effect from 1 October, but will remain employed by the Company…
Menzies Aviation announces multiple UK contract wins and renewals
EDINBURGH: Menzies Aviation, the global aviation logistics specialist, has announce a number of contract wins and renewals across its UK operations: Glasgow: Menzies has agreed a three year contract with Lufthansa at Glasgow Airport. From December 2019, Menzies will deliver passenger, ramp and de-icing services for Germany’s largest airline. Menzies has also landed a new…
TerraX Minerals to acquire Gold Matter Corporation
VANCOUVER: TerraX Minerals Inc. has entered into an agreement with Gold Matter Corporation, a private closely-held corporation, whereby the Company will acquire all of the shares of Gold Matter in exchange for 5 million shares of the Company on a one-for-one basis, resulting in former shareholders of Gold Matter holding approximately 4% of the issued…
Yamal LNG increased shipments to the Asian Pacific markets
MOSCOW: PAO NOVATEK announced today that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (NSR) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 volumes of LNG…
Cadogan Petroleum sells Gazvydobuvannya for $2.8mn
LONDON: Cadogan Petroleum plc, an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of $2.8 million. Gazvydobuvannya LLC is one of two wholly owned subsidiaries, based in the East of…
KE signs $50mn loan agreement with Standard Chartered supported by GuarantCo
KARACHI: K-Electric has signed US$ 50 million loan agreements with Standard Chartered which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan Pesnani, Head…
Al Waseelah issues $50 million Sukuk in European market
LONDON: In a first for the European market, Al Waseelah plc has issued a USD 50 million 10% 7-year Sukuk to finance the expansion of the mining operations for NQ Minerals plc, a UK listed company with a proven track record and operating profits. This is a ground breaking transaction; a first for European corporates,…
Eastspring signs agreement to acquire 50.1pc stake in Thanachart Fund
LONDON: Eastspring Investments, the Asian asset management business of Prudential plc, has signed an agreement to acquire 50.1 percent of Thanachart Fund Management Co., Ltd. (TFUND) from Thanachart Bank Public Company Ltd. (TBANK) and Government Savings Bank (GSB). Following this acquisition TBANK’s customers will have access to Eastspring’s world class investment solutions. The consideration for…
Macarthur Minerals to seek dual listing on Australian Securities Exchange
LONDON: Macarthur Minerals has today announced its intention to seek a dual listing on the Australian Securities Exchange (ASX) before the end of 2019. On 16 August 2019, Macarthur lodged an application with ASX regarding its suitability for proposed admission to the ASX Official List. On 24 September 2019, the Company received “in-principle” advice from…
Novatek and HMS Group sign memorandum on localizing fabrication of LNG equipment
MOSCOW: PAO NOVATEK and HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production. The Memorandum notes the results already achieved on developing medium-tonnage compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of compressors, pumps, and other equipment…
Keppel Land acquires commercial property in Shanghai’s Pudong District
SINGAPORE: Keppel Land China Limited has entered into a share sale and purchase agreement to acquire 100% equity interest of several wholly-owned subsidiaries of The9 Limited in China which collectively own Zhangjiang Micro-electronic Port Block #3, a completed commercial property in Pudong District, Shanghai, for an aggregate sum of RMB493 million. The transaction is expected…
Clive Whiley appointed chairman of Dignity Plc
LONDON: Dignity Plc announced that Clive Whiley has been appointed as a Non-Executive Director and Chairman of the Company with effect from 26th September 2019. Clive has over thirty five years’ experience in regulated strategic management positions since becoming a Member of the London Stock Exchange. He has extensive main board executive director experience across…