KARACHI, PAKISTAN: Shell Pakistan Limited (SHEL) is set to be sold by its parent company, Shell Global. The announcement was made in a notice to the Pakistan Stock Exchange (PSX). Shell Global has a 77.42% stake in SHEL, and the sale is subject to regulatory approvals. The company has not disclosed the identity of the…
Comms Group and Vodafone Business Expand Partnership to Enhance Microsoft Teams Calling Services
SYDNEY, AUSTRALIA: Comms Group, a leading provider of communication solutions, and Vodafone Business, a global telecommunications company, have announced an extension of their existing supply agreement. The expanded partnership aims to deliver enhanced services for Microsoft Teams calling, leveraging state-of-the-art technology and automation tools. Under the new agreement, Comms Group will offer zero-touch, self-service provisioning,…
Hitachi Energy to supply HVDC technology for subsea power link between France and Spain
Zurich, Switzerland: Hitachi Energy, a global technology leader focused on a sustainable energy future, has secured a significant order to supply four high-voltage direct current (HVDC) converter stations for the groundbreaking subsea electricity interconnection project between France and Spain. The project will boost the power exchange capacity between the two countries by 2,000 megawatts (MW)…
Anglo American and Jiangxi Copper collaborate on responsible copper
LONDON, UK: Anglo American and Jiangxi Copper Company, one of China’s largest copper producers, have signed a memorandum of understanding to work together to provide greater assurance on the way copper is mined, processed, and brought to market. The agreement was signed during a visit to Jiangxi Copper’s headquarters in Nanchang, China, and is part…
Siemens AG to Invest €2 Billion in Global Expansion of High-Tech Manufacturing
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…