OSLO, NORWAY: Gram Car Carriers ASA signed an agreement to acquire the Pure Car Truck Carrier “Paglia” (5,000 CEU) from F. Laeisz GmbH (the “Seller”) for a total consideration of USD 49 million. The Transaction is expected to facilitate increased dividend distributions over time and adheres to the Company’s strategic aim of pursuing accretive growth…
Mowi ASA to acquire 51.28% shares in Arctic Fish for EUR 181 million
OSLO, NORWAY: Mowi ASA has entered into a share purchase agreement to acquire 51.28% of the shares in Arctic Fish. Arctic Fish is one of the leading salmon farmers in Iceland, situated in the West Fjords with favorable conditions for salmon farming. The company is listed on Euronext Growth Oslo and the acquisition price is…
Fingrid has sold its ownership in Nord Pool to Litgrid Ab
LONDON, UK: Fingrid Oyj has sold its shareholding in TSO Holding AS to Litgrid Ab through a share transaction closed on 31 October 2022. Litgrid acquired the shares from Fingrid and Energinet for approximately 135 million Norwegian kroner (approx. 13.5 million euros). TSO Holding owns 34 per cent of the shares in Nord Pool Holding…
Vicinity Centres CEO and MD, Grant Kelley to retire
SYDNEY, AUSTRALIA: Vicinity Centres announced the retirement plan of its CEO and Managing Director, Mr Grant Kelley. After more than five years in the role, Mr Kelley will retire from Vicinity by 30 June 2023, to facilitate a smooth and coordinated transition to his successor. Vicinity will commence a search for Mr Kelley’s replacement which…
Arkema announces divestment of phosphorus derivatives business, Febex
PARIS, FRANCE: Arkema S.A., specialty chemicals and advanced materials company, announced the proposed divestment of Febex, a company specialized in phosphorus-based chemistry, to Belgian group Prayon. Febex is a global player in phosphorus derivatives (high purity phosphoric acid, sodium hypophosphite and derivatives), used primarily in electronics and in the pharmaceuticals industry. Part of the Performance…
Roshan Equity Investment launched at PSX
KARACHI, PAKISTAN: The capital market entities, banks and State Bank of Pakistan (SBP) marked the launch of the Roshan Equity Investment (REI), a product offered to non-resident Pakistanis under the umbrella of Roshan Digital Account introduced by State Bank of Pakistan in 2020. Roshan Equity Investment is an innovative product whereby non-resident Pakistanis can invest…
Centrica re-opens Rough gas storage facility
LONDON, UK: Centrica Plc has announced the reopening of the Rough gas storage facility, having completed significant engineering upgrades over the summer and commissioning over early autumn. Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire. The initial investment programme means the company has made its first injection…
LendInvest launches tracker mortgage product range
LONDON, UK: LendInvest plc, a leading technology driven asset manager for UK property finance, has announced the launch of a new tracker product range in its latest move to support borrowers in response to market turmoil and interest rate uncertainty. The new tracker range tracks against the Bank Base Rate (BBR) and seeks to provide…
Eric Born appointed Chief Executive Officer at Grafton Group
LONDON, UK: Grafton Group announced that Mr. Eric Born has been appointed Chief Executive Officer (“CEO”). Mr. Born joins Grafton on 28 November 2022 as CEO and will succeed Mr. Gavin Slark who remains with the Group until 31 December 2022 to facilitate an orderly transition. This appointment follows an extensive selection process led by…
Thoma Bravo agrees to acquire UserTesting for $1.3 billion
SAN FRANCISCO: UserTesting Inc. (NYSE: USER) has entered into a definitive agreement to be acquired by Thoma Bravo, a leading software investment firm, and Sunstone Partners for $7.50 per share, in an all-cash transaction valued at approximately $1.3 billion. The offer represents a premium of approximately 94% over UserTesting’s closing stock price on October 26,…
SatixFy Communications combines business with Endurance Acquisition Corp.
NEW YORK: SatixFy Communications has completed its previously-announced business combination with Endurance Acquisition Corp. following the approval of the business combination by Endurance’s stockholders on October 25, 2022 and satisfaction of customary closing conditions. SatixFy develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops…
Starting A Medical Malpractice Case: 7 Crucial Steps To Take
If you or a loved one has been injured due to medical malpractice, it’s essential to know what steps to take to protect your legal rights. Filing a lawsuit is a serious decision that should not be taken lightly, and there are several things you need to do to ensure that your case is successful….