ABU DHABI: National Central Cooling Company (Tabreed), the leading UAE-based regional district cooling developer, released its consolidated financial results for the first half of 2019 ended June 30, 2019. The company continues to meet the region’s growing demand for district cooling and delivers solid performance and growth. Financial highlights – six months ended 30 June…
Shell completes sale of $965 million interest in the Caesar-Tonga asset
HOUSTON – CNW: Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Equinor Gulf of Mexico LLC (Equinor), a subsidiary of Equinor ASA, subject to approval of the lease assignments by the regulator. The…
Pasha Brands announces acquisition of Earth Dragon Organics
VANCOUVER – CNW: Pasha Brands Ltd., Canada’s largest craft cannabis brands organization, has announced the acquisition of a national brand known as Earth Dragon Organics – a leading pre-legalization manufacturer and purveyor of small batch cannabis-infused topicals, based in British Columbia. Pasha Brands, Canada’s largest craft cannabis brands organization. (CNW Group/Pasha Brands Ltd.) Since its…
Finablr renews concession agreement with London Heathrow Airport
LONDON: Finablr PLC announced that one if its subsidiaries, Travelex (UK) Limited has renewed its foreign exchange, ATM and VAT concession agreements with London Heathrow Airport to allow its current operations to continue until early 2024. Travelex has a long history with London Heathrow Airport, with Travelex being the first non-bank foreign exchange provider at…
Bigblu Broadband contract extension with Eurobroadband infrastructure
LONDON, UK: Bigblu Broadband plc (BBB), a leading provider of alternative super-fast broadband services, has extended its agreement with Eurobroadband Infrastructure (EBI), a subsidiary of Eutelsat, following the successful addition of approximately 10,000 new satellite broadband customers since it joined the Preferred Partner Programme signed last December. Under this extended commercial arrangement across additional European…
Sensyne Health signs collaboration agreement with Bayer
OXFORD, UK: Sensyne Health plc, the British clinical AI technology company, has signed an initial two-year collaboration agreement with Bayer to accelerate the clinical development of new treatments for cardiovascular disease using Sensyne Health’s proprietary clinical AI technology platform. The initial agreement will generate revenues for Sensyne Health of £5 million across the two-year collaboration….
GAN supports launch of internet sports betting in Pennsylvania
LONDON: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gaming software, services and online gaming content in the United States, announced the delivery of Internet sports betting in the State of Pennsylvania for the FanDuel Group (FDG) following the January 10, 2019 announcement to be FDG’s Platform for rapid deployment of Internet…
Elektron Technology to sell Elektron Technology UK for £105 million
LONDON, UK: Elektron Technology plc has entered into a conditional agreement with a special purpose vehicle wholly-owned by Equistone Partners Europe to sell the entire issued share capital of Elektron Technology UK Limited (which holds the Bulgin business) for a total cash consideration of £105 million. Net proceeds after all costs including the settlement of…
Henry Boot secures second stage of £180 million regeneration project
LONDON: Henry Boot PLC, a company engaged in land promotion, property investment and development, and construction, announces that its subsidiary, Henry Boot Construction Limited has signed a contract with Barnsley Council to deliver Phase 2 of The Glass Works development scheme. The Glass Works Phase 2 is the second stage of a £180 million regeneration…
Resolute to acquire Toro Gold for US$ 274 million
LONDON: Resolute Mining Limited has signed a binding agreement (Implementation Agreement) with Toro Gold Limited pursuant to which Resolute will acquire all of the shares of Toro Gold for US$ 274 million (US$130 million cash and 142.5 million Resolute shares). Toro Gold’s flagship asset is the low-cost, high-margin Mako Gold Mine (Mako) located in Senegal….
Thalassa’s Swiss subsidiary announces initial FinTech acquisition
LONDON, UK: The board of Thalassa Holdings announced its maiden FinTech investment in line with its stated investment policy. The company’s wholly owned Swiss subsidiary, Apeiron Holdings A.G. has exchanged a contract, which is expected to complete by the end of September 2019, for the acquisition of id4 A.G., a RegTech company registered in the…
Ricardo Plc completes acquisition of PLC Consulting
LONDON: Ricardo plc, a global engineering, technical, strategic and environmental consultancy business, announced that further to the statement on 1st July 2019, it has completed the acquisition of the entire share capital of PLC Consulting Pty Ltd for a total maximum cash consideration of AUD 9.64 million, subject to any adjustment to reflect net cash…