HSBC Holdings Plc has agreed to acquire Citigroup Inc’s consumer wealth portfolio in China, including clients, assets under management and deposits, the two banks announced on Monday. The deal, which covers total deposits and investment AUMs of about $3.6 billion, is expected to close in the first half of 2024. The financial terms of the…
UK to study feasibility of producing anode material from Greenland’s graphite
LONDON, UK: GreenRoc Mining plc, a company developing critical mineral projects in Greenland, has received a grant of about £250,000 from the UK’s Automotive Transformation Fund (ATF) to study the feasibility of setting up a graphite spheronisation processing plant in the UK. The plant would produce active anode material for electric vehicle (EV) batteries and…
Frontier Energy to acquire Waroona Energy, creating a renewable energy giant
SYDNEY, AUSTRALIA: Frontier Energy Limited (ASX: FHE; OTCQB: FRHYF), a leading Australian renewable energy company, has announced that it has signed a binding agreement to acquire Waroona Energy Inc. (TSXV: WHE), a Canadian-based solar developer with projects in Western Australia. The deal will create one of Australia’s largest renewable energy companies, with potential for renewable…
Lincoln Minerals appoints Jonathon Trewartha as new CEO
SYDNEY, AUSTRALIA: Lincoln Minerals Limited (ASX: LML), a mining company focused on developing the Kookaburra Graphite project in South Australia, has announced the appointment of Mr Jonathon Trewartha as its new Chief Executive Officer (CEO), effective November 3, 2023. Mr Trewartha has over 20 years of experience in the mining industry, covering various commodities and…
Metcash Liquor CEO Chris Baddock retires due to health reasons
SYDNEY, AUSTRALIA: Metcash (ASX: MTS), a leading wholesale distribution and marketing company, has announced the retirement of its Liquor CEO Chris Baddock, who has led the business for the past three years. Baddock has overseen a 40% increase in sales across the Liquor pillar, which includes retail and on-premise customers, and owned and exclusive brands….
Doric Nimrod Air Two to sell two Airbus A380 aircraft to Emirates
LONDON, UK: Doric Nimrod Air Two Limited (“the Company” or “the Lessor”), a Guernsey investment company that owns seven Airbus A380 aircraft leased to Emirates, has announced an agreement to sell two of its aircraft to the Dubai-based airline at the end of their respective leases in October and December 2023. The sale proceeds will…
Graft Polymer joins international consortium to develop graphene-based electromagnetic shielding materials
LONDON, UK: Graft Polymer, (LSE:GPL) a multi-sector specialist chemical company, has announced an agreement to join a consortium of French, German and Slovenian partners to develop new graphene-based composites for electromagnetic interference shielding. The consortium is coordinated by the Vinca Institute of Nuclear Sciences at the University of Belgrade and funded by the HORIZON CSA…
BlueNalu Inc. raises US$ 33.5 million in a Series B Financing
LONDON, UK: Agronomics, a leading listed company focused on the field of cellular agriculture, announced that portfolio company BlueNalu Inc. has raised US$ 33.5 million from new and existing investors in a Series B Financing. The financing will enable the next stage of BlueNalu’s growth and its continued progress towards scaling and commericializing healthy and…
GSK and Zhifei partner to co-promote Shingrix vaccine in China
LONDON, UK: GSK plc (LSE/NYSE: GSK) has announced an exclusive agreement with Chongqing Zhifei Biological Products, Ltd. (Zhifei) to co-promote its shingles vaccine, Shingrix, in China for an initial three-year period. The partnership aims to significantly extend the availability and access of Shingrix, which has shown 100% vaccine efficacy in preventing shingles in Chinese adults…
Chaarat Gold Holdings CEO Mike Fraser resigns
LONDON, UK: Chaarat Gold Holdings announced the resignation of Mike Fraser as Chief Executive Officer and as a director of the Company. The Board has agreed to waive his six-month notice period and the resignation is therefore effective immediately. Until the appointment of a successor to Mike, the Executive Chair, Martin Andersson, and the Chief…
Bodycote acquires Lake City HT and Stack Metallurgical Group for $145m, plans new HIP facility
LONDON, UK: Bodycote Plc, the world’s leading provider of heat treatment and specialist thermal processing services, has agreed to acquire two specialist technology focussed businesses: – Lake City HT based in Warsaw, Indiana, a leading Medical market HIP and vacuum heat treatment business primarily supplying the orthopaedic implant market as well as Civil Aerospace customers….
CAI International announces leadership transition
CAI International, Inc. (CAI), one of the world’s leading container lessors, has announced a leadership transition effective from October 1, 2023. Tim Page, who has served as the CEO of CAI since 2016, will step down from his role and become a Corporate Strategy Advisor to the company. Katie McCabe, who has been the President…