Great-West Lifeco, the parent company of Canada Life, has sold global investment firm Putnam Investments to Franklin Templeton for a potential value of $1.8 billion. The deal, which is expected to close in the fourth quarter of 2023, will see Franklin Templeton acquire Putnam’s $170 billion in assets under management. Putnam has offices in Boston,…
Yojee signs deal with Cargo Compass SA and expands into South Africa
SYDNEY, AUSTRALIA: Yojee Limited (Yojee or the Company) (ASX: YOJ), a cloud-based software as a service (SaaS) logistics platform has announced that it has signed an agreement with Cargo Compass SA in South Africa. Yojee facilitates the flow of freight movements into a single ecosystem, making the complex process of managing land transport simple and…
Edenville Energy Plc secures £1.468 million funding and reshuffles board
LONDON, UK: Edenville Energy Plc (AIM: EDL), an African focused mine operator and developer of the Rukwa Coal to Power Project in Tanzania, has announced that it has raised £1.468 million through direct subscriptions by two African focused mining investment groups, Q Global Commodities Group (QGC) and Gathoni Muchai Investments Limited (GMI), at 5.0 pence…
Spirit Super and CareSuper to merge
Two of Australia’s largest industry super funds, Spirit Super and CareSuper, have announced a merger agreement. The combined entity will have more than 500,000 members and $45 billion in funds under management (FUM). The merger is expected to be completed by the end of 2024. In a joint statement, the chairs of Spirit Super and…
Net Zero Infrastructure to acquire Australian hydrogen company in reverse takeover
LONDON, UK: Net Zero Infrastructure Plc, a UK-based company focused on developing and investing in green energy projects, has announced its intention to acquire LINE Hydrogen (Australia) Pty Ltd, a renewable energy company that produces and distributes hydrogen fuel. The company said it has signed a non-binding letter of intent to acquire the entire issued…
Jeanine Wai appointed Vice President Investor Relations for North America of TotalEnergies
PARIS, FRANCE: Jeanine Wai is appointed Vice President Investor Relations for North America of TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), effective June 1, 2023. She replaces Robert Hammond who elected to retire from the Company. Jeanine Wai began her career in 2001 with Chevron as a process engineer in Downstream specializing in hydrocracking and base oils. From…
GetYourGuide raises $194 million to fuel travel rebound and AI ambitions
German online travel startup GetYourGuide has raised $194 million from investors, hoping to capitalize on a bump in demand for travel services in the summer, further an expansion into the U.S., and invest in large language models and other artificial intelligence tools. The Berlin-based company said Thursday it had raised the funding through a mix…
BW LPG Limited has appointed Ms Samantha Xu as Chief Financial Officer
SINGAPORE: BW LPG Limited has appointed Ms Samantha Xu as Chief Financial Officer (CFO), effective 1 September 2023. Samantha Xu has over 20 years of international finance experience in shipping and energy. She has held various financial leadership roles for leading companies in Asia, Europe and the Middle East, where she was involved in board…
du announces net zero carbon emissions targets by 2030 and 2050
Dubai, UAE: du, from Emirates Integrated Telecommunication Company (EITC), has announced its commitment to achieving net zero Scope 1 and 2 emissions within its operations in the UAE by 2030 and Scope 3 by 2050. The company will be focusing on key initiatives to reduce its carbon footprint, including improving energy efficiency and sourcing renewable…
Enteq Technologies appoints Mark Ritchie as new CFO
LONDON, UK: Enteq Technologies plc (AIM: NTQ.L), the energy services technology and equipment supplier, has appointed Mark Ritchie as Chief Financial Officer (“CFO”), who will commence his role on 16 June 2023, succeeding the current CFO David Steel. Mark Ritchie is an associate member of the Chartered Institute of Management Accountants and has over 20…
Frontier IP sells more Exscientia shares for $1.86 million
LONDON, UK: Frontier IP, a UK-based company that helps commercialise intellectual property, has announced that it has sold more shares of its portfolio company Exscientia, a biotech firm that uses artificial intelligence to discover new drugs. The company said it sold 288,850 American Depositary Shares (ADSs) of Exscientia for net proceeds of about $1.86 million…
Rotala Plc to sell Bolton Depot and buses
LONDON, UK: Rotala Plc (AIM: ROL.L), an operator of bus routes in the UK for businesses, local authorities and the general public, has announced that it has exchanged contracts with Transport for Greater Manchester (“TfGM”) and the Greater Manchester Combined Authority (“GMCA”) in relation to the conditional disposals of its Bolton depot and the majority…