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…
The Advantages of Outsourcing IT Support for Your Business: A Comprehensive Guide
Do you own a business that relies heavily on technology to stay operational? If so, then understanding the importance of IT support and its vast array of benefits is essential. From increased security prevention of costly issues in infrastructure and software compatibility to saving time and money – outsourcing your IT services can be a…
GFH Partners acquires $150mn worth of logistics and industrial portfolio in Saudi Arabia and UAE
DUBAI, UAE: GFH Partners, a subsidiary of GFH Financial Group, has acquired a diversified logistics and industrial portfolio worth $150 million in Saudi Arabia and the UAE. The portfolio includes light industrial and cold storage facilities, distribution centers, and warehousing assets that are leased to a mix of international and regional tenants, including blue-chip companies….
Renault, Volvo and CMA CGM forming new company jointly to launch electric vans
PARIS, FRANCE: Renault Group, Volvo Group and CMA CGM Group, three leading players in the transport and logistics sectors, have announced a joint venture to develop and market a new generation of fully electric vans and associated services. The new company, which will operate under its own corporate identity and be based in France, aims…
MPC Energy Solutions exits from CHP project in Puerto Rico
AMSTERDAM: MPC Energy Solutions announced today that the company will focus on core strategic areas of its business and will, as a first step, exit one of its projects in Puerto Rico, a 2.6 MW combined-heat-and-power (CHP) plant. As part of the exit, MPCES will recoup the initial capital invested to fund the early stages…
Otovo sells solar subscription portfolios in Norway and Sweden for NOK 700m
OSLO, NORWAY: Otovo ASA, a leading game developer and solar energy provider, has announced that it has signed a share purchase agreement with Forte PV S.à.r.l, a part of Swiss Life Asset Managers, for the sale of its solar subscription portfolios in Norway and Sweden. The deal, worth up to NOK 700 million / EUR…
Mighty Kingdom appoints Interim CEO as it seeks growth opportunities
SYDNEY, AUSTRALIA: Mighty Kingdom Limited, a leading game developer, has announced that its Chief Financial and Operations Officer, Simon Rabbitt, will take over as Interim Chief Executive Officer with immediate effect. The Company is looking for a permanent CEO to lead its future expansion plans. Mr Rabbitt has 11 years of executive experience in the…
Steadfast Group buys US insurance agency network ISU Group for $55 million
SYDNEY, AUSTRALIA: Steadfast Group, an Australian insurance broker network, has entered the US insurance market by buying ISU Group, a private independent insurance agency network, for US $55 million. The deal, which was announced on Thursday, will be funded from Steadfast’s existing corporate debt facilities and free cashflow. It is expected to increase Steadfast’s earnings…
Exxon close to $60 billion deal for Permian oil producer Pioneer
Exxon Mobilis close to buying Pioneer Natural Resources (PXD.N) in a deal that could be worth about $60 billion, Reuters reported on Thursday. The deal would be Exxon’s largest since it bought Mobil for $81 billion in 1998 and would boost its presence in one of the most profitable areas of the U.S. oil industry….