Munich, Germany: Siemens AG, the German industrial conglomerate, has unveiled plans to invest €2 billion ($2.2 billion) in expanding its high-tech manufacturing capabilities worldwide. This investment includes the construction of a new plant in Singapore and an expansion of its existing facility in Chengdu, China. Siemens will allocate €200 million to establish a new state-of-the-art…
Emirates Stallions Group and Q Holding launch “Century Village” joint venture
Abu Dhabi, UAE: Emirates Stallions Group (ADX: ESG) and Q Holding, two prominent companies in Abu Dhabi, have announced the establishment of a joint venture called “Century Village.” This partnership aims to develop and manage a state-of-the-art staff accommodation project on Al Reem Island, with a total investment of AED 320 million. The project’s vision…
Banijay to build Media & Entertainment Powerhouse with Balich Wonder Studio
PARIS, FRANCE: Banijay today announced it has signed an agreement to acquire a majority stake in Balich Wonder Studio. Building a stand-out, global media and entertainment powerhouse, the deal will combine the strengths of the established world-renowned content group, with the pioneering capabilities of the live entertainment player. Having already bolstered its position as a…
Agronomics invests AUD 2.5 million in HydGene Renewables to advance green hydrogen production
LONDON, UK: Agronomics (ANIC:LSE), a leading company focused on cellular agriculture, has made a significant investment of AUD 2.5 million in HydGene Renewables Pty Ltd (“HydGene”). The investment is part of HydGene’s AUD 6 million Seed financing round and aligns with Agronomics’ commitment to investing in environmentally-friendly opportunities. The funds were drawn from Agronomics’ own…
Coro Energy acquires rooftop solar assets in Vietnam
LONDON, UK: Coro Energy PLC, a prominent South East Asian energy company specializing in natural gas and clean energy, has announced the signing of an agreement to acquire a rooftop solar portfolio from the shareholders of KIMY Trading and Service JSC (“KIMY”). The acquisition was initially announced on November 25, 2022, and March 29, 2023….
Parkmead Strengthens Board with Appointment of Andrew Smith and Emphasizes Focus on Renewable Energy Growth
Parkmead, a leading energy company, has achieved significant milestones over the past 18 months, generating strong cash flow from its natural gas fields in the Netherlands and venturing into renewable energy with direct sales of electricity to the national grid from its wind turbines in the UK. With the aim of further expanding its gas…
Saint-Gobain acquires Hume Cemboard Industries to strengthen presence in Malaysia
LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a leading manufacturer of cement boards for façades, partitions, and ceilings in Malaysia. Hume Cemboard Industries operates one manufacturing facility and employs 280 people in the west of Malaysia with revenues of around €20 million. This lightweight board…
Praetura Growth VCT announces £10 million IPO to support scalable businesses
LONDON, UK: Praetura Growth VCT plc, a newly established Venture Capital Trust (VCT), has revealed its plans to launch an initial public offering (IPO) targeting gross proceeds of £10 million. The company aims to issue 10 million ordinary shares of 1 penny each through an offer for subscription, with an additional 10 million ordinary shares…
Legal & General Group appoints António Simões as Group CEO
LONDON, UK: Legal & General Group Plc announced that the António Simões is to be appointed to the role of Group Chief Executive Officer of Legal & General, subject to regulatory approval. António will join from Banco Santander where he has been Regional Head of Europe since September 2020. In this role, he leads Santander’s…
TECOM group secures refinancing for existing loan facility at more favourable terms
DUBAI, UAE: TECOM Group has entered into a new five-year AED 7.6 billion unsecured loan facility replacing the existing partially utilized term loan of AED 7.6 billion. The Facility will have a positive impact on the Company’s cash flow profile while providing it with the funds to execute its growth strategy. The facility has been…
Australian Rare Earths appoints Travis Beinke as CEO
SYDNEY, AUSTRALIA: Australian Rare Earths Limited (ASX: AR3) has announced the appointment of seasoned resources executive Travis Beinke as the company’s Chief Executive Officer (CEO), effective from June 19, 2023. With over 20 years of experience in the resources sector, Beinke brings a wealth of knowledge and expertise to his new role. Beinke’s most recent…
Douugh Launches Revolutionary Card Product, Disrupting Traditional Banking Landscape
SYDNEY, AUSTRALIA: Douugh, the leading fintech company that recently received accolades for “Best Share Trading App” and “Best Share Trading App for Beginners” by Finder, is set to revolutionize the financial industry once again with the launch of its groundbreaking card product. Aimed at empowering Australians to manage their cash flow effectively while growing their…