LONDON: IndigoVision Group has announced the acquisition of 100% of the issued share capital of Agorasys SA for a consideration of up to €3.0 million, of which €2.3 million is payable in cash at completion to clear Agora’s existing financial indebtedness. Based in Lisbon, Portugal, Agora was founded by Pedro Soares, Chief Executive Officer and…
Air Partner plc expands in Middle East to strengthen global footprint
DUBAI: Air Partner plc, the global aviation services group, has announced the opening of its new office in Dubai as it looks to extend its offering to the Middle East and grow market share in the region. The office, which is located in Dubai Multi Commodities Centre (DMCC), offers Air Partner’s full suite of Charter…
Ithaca completes $2 billion acquisition of Chevron North Sea Limited
LONDON: Ithaca Energy Limited has completed the $2 billion acquisition of Chevron North Sea Limited (CNSL). The transaction provides a material and important step up in the scale and breadth of the Company’s asset base, adding ten additional producing field interests to the existing portfolio, along with a wider portfolio of investment opportunities from which…
Immedia Group establishes satellite presence in the USA
LONDON: Immedia Group has established a satellite presence in the USA. The office, which is primarily focused on the Group’s AVC Immedia business is located in Houston Texas and will be headed up by Kacey White. Kacey has already worked with the Group on numerous projects over many years throughout the USA offering businesses and…
Pyaterochka opens new distribution centre in Tatarstan
KAZAN: X5 Retail Group, a leading Russian food retailer, has expanded its logistics infrastructure in the Volga Federal District with a Pyaterochka distribution centre (DC) in Zelenodolsk, a town not far from Kazan. Boasting a total area of some 39,500 sq m, the DC features eight storage zones with a specific temperature band in each…
Pakistan begins onion export to Bangladesh after 15 years
DHAKA: Pakistani onion would be placed in Bangladesh market after almost 15 years, as onion exports have begun to Bangladesh following a ban imposed by Indian government on onion exports, an official at Trade Development Authority of Pakistan (TDAP) said. “Bangladesh’s Tasho Enterprise has finalized deals with a Pakistani company Roshan Enterprise Karachi, and 12…
AM Best affirms ratings of Anthem Inc. and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of the core Blue Cross Blue Shield-branded insurance subsidiaries of Anthem, Inc.. The outlook of these Credit Ratings is stable. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+”, the Long-…
Atlas Specialty delivers 2.5 million defect-free parts to Boeing
ANAHEIM–(BUSINESS WIRE)–Atlas Specialty Products has delivered its 2.5 millionth AS1581T06 aerospace standard fitting to Boeing. This milestone has been achieved with zero defects since August 2010. The AS1581T06 is fabricated from titanium bar adhering to individual specifications for each end as well as the qualification test requirements. Bill Perea, Quality Manager at Atlas said, “Atlas…
Kalamazoo commences drilling at Castlemaine Gold Project
VICTORIA: Kalamazoo Resources Limited has successfully commenced its Stage 1 diamond drilling campaign within EL6679 of the Castlemaine Gold Project. This initial drilling program is designed to test the encouraging results and interpretations of the extensive ground geophysical surveys and 3D structural modelling recently carried out by Kalamazoo. The program forms the first part of…
Golden Mile acquires 14 prospecting licences from CGM(WA)
SYDNEY: Golden Mile Resources Ltd has signed a Binding Terms Sheet to acquire fourteen (14) granted prospecting licences from CGM(WA) Pty Ltd, a wholly owned subsidiary of Chalice Gold Mines Limited. The acquisition of the Prospecting Licences is subject to satisfactory completion of due diligence. These Prospecting Licences are adjacent to the Company’s existing ground-holdings…
Bank of New Zealand migrates to 9 Spokes’ next generation platform
AUCKLAND: 9 Spokes International, a leading marketplace and insights company to small businesses, has released its next generation platform. Bank of New Zealand (BNZ) is the first to migrate users of its small business service, MyBusiness Live, to a white-label instance of the new platform —having launched on the previous version in May this year….
Azure Health Technology to acquire Invictus Biopharma Ltd
SYDNEY: Azure Health Technology Limited has signed a binding, conditional Memorandum of Understanding (MOU) with Invictus Biopharma Ltd to acquire 100% of the issued capital of Invictus, in return for equity in Azure and the assumption of up to $1.2 million of Invictus’ net liability to creditors and lenders. It is expected that Azure Health…