LONDON, UK: Gateley (Holdings) Plc, the legal and professional services group, has announced the acquisition of T-three Group for a consideration of £3.4 million. T-three complements Kiddy & Partners, which Gateley acquired in July 2018, and together these businesses create one of the largest specialist Human Capital consultancy businesses in the UK. T-three offers services…
EIB announces EUR 60 billion funding programme for 2020
LONDON: The European Investment Bank (EIB) has estimated its funding needs for 2020 at EUR 60 billion.The EIB has completed its 2019 funding programme of EUR 50.3 billion – in line with the funding authorization announced for the year. The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by…
Li3 completes acquisition of Warrigal Mining
SYDNEY: Lithium Consolidated Ltd (Li3) has completed acquisition of 100% of Warrigal Mining Pty Ltd, a Western Australian based exploration company. Under the share sale agreement, Li3 agreed to provide consideration in 3 tranches and advises that is has provided the following consideration to complete Tranches 1 and 2: Tranche 1: Li3 has issued a…
Vection commences early stage collaboration with MUNER
SUBIACO: Vection Technologies Ltd, a multinational software company that creates 3D, Virtual Reality (VR) and Augmented Reality (AR) solutions, has commenced early stage collaboration with the Motorvehicle University of Emilia Romagna (MUNER). MUNER represents automotive household names including Automobili Lamborghini, Dallara, Ducati, Ferrari, Haas F1 Team, HPE COXA, Magneti Marelli, Maserati, Pagani, Scuderia Toro Rosso….
AM Best assigns credit ratings to new members of Westfield Group
OLDWICK: AM Best has assigned the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” to Westfield Champion Insurance Company, Westfield Premier Insurance Company, Westfield Superior Insurance Company and Westfield Touchstone Insurance Company. The outlook assigned to these Credit Ratings (ratings) are stable. These companies are newly…
NLMK Group and Belgian SOGEPA sign agreement
LIPETSK, RUSSIA: Novolipetsk Steel (NLMK Group), a global steelmaker, and Belgian investment fund SOGEPA (Société wallonne de Gestion et de Participations S.A.), have signed an agreement on joint execution of the NLMK Belgium Holdings (NBH) development strategy. NBH comprises the production companies and service centers of the NLMK Europe Strip Division (NLMK La Louvière, NLMK…
Polarcus awarded marine seismic acquisition program in Brazil
OSLO: Polarcus Limited has announced the award of a marine seismic acquisition program in Brazil commencing in Q3 2020 with a duration of approximately 10 months. The program comprises 4D acquisition in obstructed areas with a multi-azimuth component. Polarcus is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data…
Subsea 7 gets sizeable awarded contract offshore Norway
LUXEMBOURG: Subsea 7 S.A announced the award of a sizeable contract by Aker BP for the Ærfugl Phase 2 gas field development, located approximately 210km west of Sandnessjøen in the Norwegian Sea. Subsea 7 defines a sizeable contract as being between USD 50 million and USD 150 million. This EPCI contract is a long-distance tie-back…
Hammerson sells 75% stake in Italie Deux for €430 million
LONDON, UK: Hammerson plc has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers – Real Assets for €430 million, a statement said. As previously announced in July 2019, the forward sale of 75% of the Italik extension for an additional €43 million is expected to…
Newton Fallowell to acquire Lovelles Estate Agency for £2.0 million
LONDON, UK: Newton Fallowell Limited, a wholly owned Belvoir Group subsidiary, has agreed to acquire the business and assets of the estate agency business operated by Lovelle Estate Agency Limited and Lovelle Bacons LLP. The overall consideration for the acquisition is £2.0 million to be satisfied in cash from existing cash reserves. The Acquisition will…
Oakley to sale its stake in WebPros Group
LONDON, UK: Oakley Capital Investments Limited announced that Oakley Capital Private Equity III and other co-investors have reached an agreement to sell their stakes in WebPros Group, a leading provider of web hosting automation software, to CVC Fund VII. In addition, Oakley Capital IV will invest $200 million alongside CVC Fund VII as a minority…
WANdisco agrees on contract expansion with China based customer
LONDON: WANdisco Plc has agreed a contract expansion with an existing China based customer worth in the region of $1 million. The customer is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. WANdisco is the LiveData company for machine learning and AI. WANdisco solutions enable enterprises to create an…