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…
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…