DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has announced the expansion of its portfolio with Nationwide Management LLC for the supply, management and retrofit of utility management across various buildings and communities. The new company will focus on delivering superior utilities management solutions, complementary to services currently…
Qatar Stock Exchange launches fifth annual IR excellence program
DOHA: Qatar Stock Exchange (QSE), in collaboration with Iridium Investor Relations, today launches the fifth annual Investor Relations (IR) Excellence Program, which aims to help listed companies in Qatar further improve investor relations best practices. Since its inception in 2015 as the first recognition program of its kind in the GCC, the IR Excellence Program…
Severfield to acquire Harry Peers & Co for £18.0 million
LONDON: Severfield plc, the market leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited, a leading full-service structural steelwork business, for a net initial consideration of £18.0 million payable in cash on completion. A performance-based deferred consideration is in place, which could…
Polypipe Group acquires Alderburgh Group for £14 million
LONDON: Polypipe Group plc, a leading provider of sustainable water and climate management solutions for the built environment, today announced the acquisition of the Alderburgh Group of companies for a total cash consideration of £14 million on a cash and debt free, normalised working capital basis. Alderburgh is a leading designer, manufacturer and installer of…
Eoghan O’Lionaird appointed CEO of James Fisher and Sons
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…