LONDON, UK: SDCL Energy Efficiency Income Trust plc (SEEIT) has agreed to acquire a 100% interest in Värtan Gas Stockholm AB (VGSAB), the ultimate owner of the established, operational and regulated gas distribution network for Stockholm, Sweden, involving an equity investment of approximately £100 million. The VGSAB group owns and operates Stockholm’s regulated gas grid,…
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Superior Plus acquires Central Coast Propane
TORONTO: Superior Plus Corp., through one of its wholly-owned subsidiaries, has acquired all of the equity interests of a Southern California retail propane distribution company, operating under the trade name Central Coast Propane. Founded in 1992, and located in Paso Robles, California, Central Coast is an established independent retail propane distributor serving approximately 2,800 residential…
Dr McEachern joins Danakali Limited as Chief Operating Officer
LONDON: Danakali Limited announced that Dr McEachern Rod has been appointed as Chief Operating Officer (COO) for Danakali, effective from 3 December 2020. The appointment of Dr McEachern, who has earned a Ph.D. in Physical Chemistry from the University of Saskatchewan, strengthens and deepens the Company’s potash mining and processing knowledge and leadership capability. As…
TECO 2030 admitted to trading on Merkur Market
OSLO: The cleantech company TECO 2030 has today been admitted to trading on Merkur Market (ticker code: TECO-ME). TECO 2030 is an engineering and equipment development company with focus on a greener and cleaner environment. Recently, the company raised NOK 80 million through a private placement. “The financial community is now seeing great value-creating opportunities…
Optimism of improving market conditions spurs capital market fundraising at SGX
SINGAPORE: Singapore Exchange (SGX) Monday released its market statistics for September 2020. Optimism of improving market conditions spurred capital market fundraising, while uncertainties ahead of November’s U.S. elections boosted portfolio risk-management activity across asset classes. Total funds raised from equity and bond listings on SGX rose 63% year-on-year (y-o-y) in September to S$40.8 billion –…
The Australian Securities Exchange (ASX)
The Australian Securities Exchange today is Australia’s primary securities exchange. It is owned and operated by ASX Limited, with the exchange also commonly referred to as the ASX. While the exchange and the operating companies are separate, they are often considered synonymous due to the complex interrelated nature. Security exchanges in Australia began in the…
SDCL Energy buys portfolio of energy efficiency projects in Singapore for £2 million
LONDON: SDCL Energy Efficiency Income Trust has announced the acquisition of its first portfolio of energy efficiency projects in Singapore from Singapore Energy Efficiency Investments Pte. Ltd. (SEEPL) and associates for an equity cash consideration of £2 million. The portfolio consists of six operating assets, including chillers and bespoke energy-efficient air compressors that are installed…
Rex appoints ABG Sundal Collier to review financing options for development in Oman
SINGAPORE: Rex International Holding Limited has appointed Nordic independent investment bank ABG Sundal Collier ASA as financial adviser and intermediary to review non-dilutive financing options for Rex’s 86.37 percent subsidiary Masirah Oil Ltd, a news release said. ABG Sundal Collier will advise, among others, on the structure, timing and organisation of a possible bond financing….
OHT admitted to trading on Merkur Market
OSLO: The specialized heavy transport and installation contractor OHT has today been admitted to trading on Merkur Market (ticker code: OHT-ME). OHT focuses on offshore wind installation, and recently raised NOK 542 million through a private placement to finance new custom-built semi-submersible offshore wind foundation installation vessels. The placement attracted strong interest. OHT is a…
Pilot Energy to acquire Royal Energy
SYDNEY: Pilot Energy Limited has entered into a definitive share sale deed to acquire 100% of the shares of Royal Energy Pty. Ltd. against 143.939million Pilot shares, a news release said. Royal Energy is a privately owned Australian oil and gas company. The Acquisition is subject to the approval of Pilot shareholders which will be…
HCL Australia to acquire DWS Limited
SYDNY: HCL Australia will acquire 100% of the shares in DWS Limited by way of a Scheme of Arrangement, a news release said. HCL Australia Services Pty. Limited is a wholly owned subsidiary of HCL Technologies Limited, which is a listed company on the National Stock Exchange of India (NSE) with a market capitalization that…
EFG Hermes kicks off 2nd virtual investor conference to even wider base of investors and institutions
CAIRO: EFG Hermes, the leading financial services corporation in Frontier Emerging Markets (FEM), inaugurated the 2nd Virtual Investor Conference today. Running through to 1 October 2020 on a digital platform moderated by EFG Hermes, executives from 157 companies representing 25 countries will connect with more than 650 investors managing an aggregate USD 17 trillion in…