LONDON: InfraStrata plc has entered into a term sheet with West Face Long Term Opportunities Global Master L.P. for the acquisition of Meridian Holdings Co., under which sits the proposed Floating Storage and Regasification Unit Project (FSRU), located in Barrow-in-Furness, northwest England. The proposed FSRU Project will be the UK’s first to be developed and…
Primary Health Properties announces forward funding acquisition of new primary care centre
LONDON: Primary Health Properties PLC, one of the UK’s leading investors in modern primary healthcare facilities, has contracted to provide development funding for the construction and acquisition of a purpose-built primary care centre in Arklow, Co. Wicklow, Ireland for an anticipated total cost of €18.0 million. Agreements for lease for an initial term of 30…
S&P Global Ratings upgrades its ratings for ContourGlobal PLC
LONDON: S&P Global Ratings (S&P) has upgraded the ContourGlobal PLC (CG) issuer credit rating to ‘BB’ from ‘BB-‘, its subsidiary ContourGlobal Power Holdings (CGPH) to ‘BB’ from ‘BB-‘, and the CGPH senior secured debt to ‘BB+’ from ‘BB’. The Rating Outlook is Stable. According to S&P, the upgrade to ‘BB’ from ‘BB-‘ reflects CG’s stable…
SGX reduces licence agreement with MSCI from February 2021
SINGAPORE: Singapore Exchange (SGX) reaffirmed its commitment to providing market participants with a single platform to trade and risk-manage Asia across asset classes, as it reduces its licence agreement with MSCI Inc. This comes on the back of a decision between MSCI and SGX to let SGX’s licence agreement with MSCI, other than for MSCI…
Oilex Limited to sell Cooper Eromanga Basin assets to Armour Energy
PERTH: Oilex Limited has signed a conditional binding Heads of Agreement (HOA) with Armour Energy Limited for the proposed sale of all of its interests in the Cooper-Eromanga Basin to Armour. Subject to the terms of the HOA, it is intended that Armour will acquire 100% of the issued capital of CoEra Limited (CoEra), a…
Exabeam invests for across Asia Pacific, Japan to meet increasing demand
FOSTER CITY: Exabeam, the Smarter SIEM company, announced a significant investment in its operations across the Asia Pacific and Japan (APJ) region to meet growing demand for its cybersecurity solutions and capitalize on record momentum, with over 100% year-over-year growth for fiscal year ending January 2020. The company tripled its workforce in the region through…
Argentex Group moves headquarters to 25 Argyll Street, London
LONDON: Argentex Group PLC, provider of foreign exchange services, announced the completion of terms for a new London headquarters as momentum behind its growth strategy gathers pace. The new premises located at 25 Argyll Street, London, is managed by W.RE. The new headquarters will support the significant expansion of headcount across all areas as Argentex…
Royal London sells Ascentric to M&G
LONDON: Royal London announced the sale of its platform business, Ascentric, to M&G plc. The sale follows the completion of Ascentric’s re-platforming in 2019 and the conclusion of a comprehensive strategic review led by Royal London Chief Executive, Barry O’Dwyer. Ascentric is a leading digital wrap and wealth management platform for advisers with assets under…
Zoetic sells DT Ultravert interest and Kansas Nitrogen assets to Path
LONDON: Zoetic International plc, the vertically integrated CBD and natural resources company, has entered into an Asset Purchase Agreement (APA) with Path Investments plc to sell its 75% interest in the patented proprietary technology, DT Ultravert (DTU), which involves a method for hydrocarbon well stimulation and protection. In addition, Path has agreed with Zoetic to…
Diversified Gas & Oil completes $110mn acquisition of Carbon Energy Corp
LONDON: Diversified Gas & Oil PLC (DGO) has completed the purchase of certain upstream and midstream assets from Carbon Energy Corporation. Concurrent with the acquisition, DGO also closed on a 10-year amortising $160 million gross senior secured term loan underwritten and funded by Munich Re Reserve Risk Financing, Inc. that includes a 6.5% fixed coupon…
ECSC Group launches Nebula Cloud cyber security service
LONDON: ECSC Group plc, a leading provider of cyber security services, announced the launch of its new Nebula Cloud cyber security breach detection service. This service takes the existing 24/7/365 managed service, which utilises the proven ECSC proprietary Kepler Artificial Intelligence (AI) technology and introduces new cloud-based service options designed for wider resellers and a…
Savannah Resources signs added value services agreement with EIT InnoEnergy
LONDON: Savannah Resources has entered into an ‘Added Value Services Agreement’ with EIT InnoEnergy, as part of the Business Investment Platform (BIP) launched last September to accelerate the development of a European battery industry. EIT InnoEnergy is the innovation engine for sustainable energy across Europe and is responsible for the EBA250 initiative, the industrial development…