OSLO, NORWAY: Prosafe, a provider of offshore accommodation services, has appointed Terje Askvig as its new CEO, effective from 1 November 2023. Terje Askvig has experience from shipping, oil service, family office and private equity. He has been a partner and senior advisor at Triton Partners, a European private equity firm, for the last 11…
Bpifrance invests in Quadient and backs its transformation strategy
PARIS, FRANCE: Bpifrance, the French public investment bank, has announced that it has acquired about 5% of the capital and voting rights of Quadient, a French company that provides digital solutions for business transactions. Bpifrance said it supports Quadient’s transformation strategy, which aims to diversify its service offering and create synergies in attractive markets such…
Vivendi agrees to sell Gala magazine to Groupe Figaro
PARIS, FRANCE: Vivendi, the French media giant, has agreed to sell Gala, a celebrity and lifestyle magazine, to Groupe Figaro, a leading French publisher, as part of its planned merger with Lagardère, another media group. The sale is one of the remedies that Vivendi has offered to the European Commission to address the competition concerns…
Mila Resources strikes lithium deal with Liontown Resources
LONDON, UK: Mila Resources Plc, a gold exploration company, has entered into an option agreement with Liontown Resources Limited, a lithium developer, to explore for lithium on its Kathleen Valley licence in Western Australia. Liontown, which has a market value of about A$6.0 billion and plans to start producing lithium from its nearby project in…
Franchise Brands appoints Mark Fryer as new CFO
LONDON, UK: Franchise Brands plc, an international multi-brand franchise business, has announced the appointment of Mark Fryer as its new Chief Financial Officer (CFO), effective from 2 August 2023. Mark Fryer is a seasoned CFO with 25 years of experience in public and private equity companies, spanning various sectors such as waste, business services, industrial…
RS Group Plc appoints Kate Ringrose as Chief Financial Officer
LONDON, UK: RS Group (RS) announced that Kate Ringrose has been appointed to the role of Chief Financial Officer (CFO) and Executive Director and will join RS and take up her role with effect from 2 October 2023. Kate joins RS after a successful 18-year career at Centrica plc, a FTSE 100 company, most recently…
Ananda launches cannabinoid medicines for chronic pain
LONDON, UK: Ananda Development Plc, a company developing cannabinoid-based medicines for complex, chronic inflammatory pain conditions, has launched its first two products MRX1 and MRX2 on the UK specials market. The products are oil formulations containing cannabidiol (CBD), a non-psychoactive compound derived from cannabis, and other ingredients. The products will be available for prescription by…
Anglo American appoints John Heasley as Finance Director
LONDON, UK: Anglo American plc announced the appointment of John Heasley as Finance Director, following the May 2023 announcement of Stephen Pearce’s decision to retire. Mr Heasley is expected to join Anglo American and its Executive Leadership Team by no later than the end of 2023, prior to joining the Board as an executive director…
Wizz Air ordered to pay passengers for flight disruptions
LONDON, UK: The UK Civil Aviation Authority (CAA) has taken enforcement action against Wizz Air, a low-cost airline, for failing to pay passengers what they are legally entitled to when their flights are cancelled or delayed. The CAA said it had received a high number of complaints from passengers who were not offered alternative flights,…
Peter France appointed Group Chief Executive Officer of TT Electronics plc
LONDON, UK: TT Electronics plc, a global provider of engineered electronics for performance critical applications, announced that Peter France has been appointed as Group Chief Executive Officer. He will succeed Richard Tyson, following the announcement made on 13 April 2023 of Richard’s proposed departure. Peter France has a distinguished track record in the industrial engineering…
Global Auto Holdings raises cash offer for Lookers to £504.2 million
LONDON, UK: Global Auto Holdings, a company backed by private equity firm TDR Capital, has increased its offer for car dealer Lookers Plc from 120 pence to 130 pence per share, valuing the company at £504.2 million. The new offer represents a 46.6 per cent premium to Lookers’ share price before the original offer was…
Anglo American Platinum appoints Craig Miller as CEO
LONDON, UK: The Board of Anglo American Platinum Limited announces the appointment of Craig Miller as CEO, with effect from 1 October 2023, following Natascha Viljoen’s decision in February to take up the COO role at Newmont Corporation. Norman Mbazima, Chairman of Anglo American Platinum, said: “I am pleased to extend a warm welcome to…