PARIS, FRANCE: Sanofi, a global biopharmaceutical company, announced today the appointment of three new members to its Executive Committee and the departure of one of its senior leaders. Houman Ashrafian, a renowned scientist and investor, will join Sanofi as Head of Research & Development, starting September 11th, 2023. He will be responsible for advancing Sanofi’s…
Microtest offers to acquire RoodMicrotec N.V. for EUR 28.9 million
DEVENTER, THE NETHERLANDS: Microtest S.P.A. has made an offer to acquire all issued and outstanding shares in the capital of RoodMicrotec N.V. at an offer price of EUR 0.35 translating into EUR 28.9 million. The Offer is currently expected to be completed in the fourth quarter of 2023. The Offer Price represents a premium…
How to Better Manage Shipping Goods in Bulk
Bulk shipping is the process of transporting unpacked goods in large quantities. The process involves storage, loading, and unloading of the goods depending on the carrier used. Goods can be transported through air, land, and sea methods. Bulk cargo is divided into liquid, solid, and break bulk. These goods include grains, coal, crude oil, iron,…
OPPO launches flagship foldable smartphone with Elliptic Labs’ AI virtual proximity sensor
OPPO, one of the leading smartphone makers in the world, has announced the global launch of its flagship foldable smartphone, the Find N3 Flip. The device features a stunning 8-inch OLED display that can fold in half, offering a versatile and immersive experience for users. The Find N3 Flip is powered by MediaTek’s flagship Dimensity…
OGDCL deploy production optimization initiatives, achieves major boost from Siab-1 Well
KARACHI, PAKISTAN: The Oil & Gas Development Company Limited (OGDCL) has achieved a major boost in its hydrocarbon production from the Siab-1 well, located in the Baratai Block of Kohat district, Khyber Pakhtunkhwa province. The well is operated by OGDCL, which has a 97.5% stake in the joint venture, while the Khyber Pakhtunkhwa Oil &…
SailPoint Technologies UK to acquire Osirium Technologies at the rate of 2.35 pence/share in cash
LONDON, UK: SailPoint Technologies UK Ltd has reached an agreement to acquire Osirium Technologies plc at the rate of 2.35 pence/share in cash. It is intended that the acquisition will be implemented by way of a court-sanctioned scheme of arrangement. The acquisition values Osirium’s entire issued, and to be issued, ordinary share capital at approximately…
Hyundai Motor buys 5% stake in Korea Zinc for $398 million
Hyundai Motor Group, the owner of Hyundai, Kia and Genesis brands, has announced that it will buy a 5% stake in Korea Zinc Co., the world’s largest producer of non-ferrous metals. The deal is worth 527.2 billion won ($398 million) and is part of a partnership to create a “nickel value chain” for electric-car batteries….
How to get up to £900 in cost of living payments if you claim benefits
Millions of UK households could still receive up to £900 worth of cost of living payments over the next few months, Mirror reports. The government is giving out three cost of living payments to help millions of UK households with rising bills. The payments are worth £301, £300 and £299 each, and are expected to…
Tracy Garrad appointed CEO Aviva Canada as Jason Storah moves to UK
Aviva has announced that Tracy Garrad, the former chief executive of AXA Health, will join the company as the new chief executive of its Canadian business. She will replace Jason Storah, who has been appointed as the chief executive of Aviva’s UK and Ireland general insurance business. Garrad will start her new role on 16…
The Body Shop owner may sell the brand amid falling sales
Natura &Co, the Brazillian beauty giant that owns The Body Shop and Avon, is exploring the possibility of selling the natural beauty retailer. The company said in a filing that it had authorised its executives to look into “strategic alternatives” for The Body Shop, including a potential sale. However, it added that there was no…
SDX Energy signs deal to divest all of its Egyptian assets
LONDON, UK: SDX Energy has entered into non-binding Heads of Terms with a large multinational operator to divest of all of its Egyptian assets. The company expects to close the transaction by year-end. The signed Heads of Terms represents an important milestone, towards crystallising value for shareholders and optimising the Company’s asset portfolio. The disposal…
Nekkar partners with BEWI Invest through joint investment in FiiZK
OSLO, NORWAY: Industrial technology group Nekkar ASA (Nekkar, OSE: NKR) partners with BEWI Invest AS (BEWI Invest) through a joint investment in the aquaculture industry supplier FiiZK. FiiZK is the leading provider of closed cage systems for fish farming. The company also provides software tools for optimising fish farming planning, operations, and analysis. “This milestone…