LONDON, UK: Longboat Energy, the emerging full-cycle E&P company, announced a gas condensate discovery in the OMV operated Oswig exploration well 30/5-4S and sidetrack 30/5-4A (Company 20%). The Oswig sidetrack (30/5-4A) was drilled to a depth of 4,726 metres TVDSS to conduct a drill stem test (“DST”) in the Upper Tarbert Formation. The average production rate…
X5 Retail Group acquires controlling stake in Krasny Yar and Slata
MOSCOW, RUSSIA: X5 Retail Group, a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, has finalised a strategic partnership with Krasny Yar and Slata groups, two of the leading retailers in Eastern Siberia. As part of the agreement, X5 acquired 70% of Krasny Yar’s and Slata’s businesses following the relevant…
Schroder announces merger of Waterlogic with Culligan International
LONDON, UK: Schroder British Opportunities Trust (SBO) has confirmed that Culligan International – the innovative brand in consumer-focused, sustainable water solutions and services – and Waterlogic Group Holdings – a global designer, manufacturer, distributor and service provider of purified drinking water dispensers – have announced the completion of their merger. Together they will create a…
Life Science REIT to switch to main market of London Stock Exchange
LONDON, UK: Life Science REIT (AIM: LABS), the real estate investment trust focused on UK life science properties, announces that, in accordance with the intention expressed at the time of the Company’s initial public offering on AIM, the board has determined to apply for the Company’s existing ordinary shares to be admitted to listing on…
Kingswood Holdings has acquired EBS
LONDON, UK: Kingswood Holdings (AIM: KWG), the international, fully integrated wealth and investment management group, has exchanged and completed on the acquisition of EBS, a financial planning firm based in Buckinghamshire. The business will be acquired for total cash consideration of up to £5.08m, payable over a five-year period. £2.75m will be paid at closing…
Kingswood agrees to acquire JCH Investment Management
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) announced the conditional acquisition of JCH Investment Management Limited (JCH) a leading financial advice firm based in Lincoln. The acquisition remains conditional on regulatory approval. David Lawrence, Kingswood Group CEO, commented: “As well as announcing our completion of EBS today, I am delighted to announce the acquisition of…
IG Design Group appoints Paul Bal as Chief Executive Officer
LONDON, UK: IG Design Group announced the appointment of Paul Bal as Chief Executive Officer, effective from 1 April 2023. IG Design Group is one of the world’s leading designers, innovators and manufacturers of Gift Packaging, Celebrations, Craft & Creative Play, Stationery, Gifting and related product categories. Paul was appointed as the Group’s Chief Financial…
Daniela Fontana appointed CEO & MD of A2B Australia
SYDNEY, AUSTRALIA: A2B Australia Limited (ASX: A2B) announced the appointment of Daniela Fontana as Chief Executive Officer & Managing Director, effective 1 March 2023. Daniela Fontana is currently the Chief Executive Officer of the State Transit Authority, a NSW Government enterprise managing a fleet of over 1,400 buses carrying over 600,000 passengers daily throughout the…
BSP Financial Group appoints Mark T. Robinson as new Group CEO
SYDNEY, AUSTRALIA: BSP Financial Group Limited announced the appointment of Mark T. Robinson as Group Chief Executive Officer. Mark T. Robinson is a senior financial services executive and globally experienced banking Chief Executive Officer with more than thirty years’ experience across developed, developing and emerging markets. Mr Robinson’s appointment follows a rigorous and competitive global…
SPIE likely to acquire BELFOR Prévention France (BPF)
CERGY, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, has entered into exclusive negotiations with BELFOR for the acquisition of their passive fire protection unit, BELFOR Prévention France (BPF), in the nuclear sector in France. BELFOR is the world’s leading provider of disaster recovery services. With this…
M6 Group to sell Best of TV to Passat S.A
PARIS, FRANCE: M6 Group (Paris:MMT) has entered into exclusive negotiations with the company Passat S.A., with a view to the sale of its subsidiary Best of TV, which is 51% owned. Best of TV (importer / wholesaler) offers, for mass retail, various niche products including some that are exclusive to home shopping. They are generally…
SMCP appoints Olivier Germain as CEO of Claudie Pierlot
PARIS, FRANCE: SMCP, the parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands, announced the appointment of Olivier Germain as Claudie Pierlot’s CEO, effective from November 2, 2022. In this role, he will join the SMCP Executive Committee. Isabelle Guichot, CEO of SMCP, stated: “I am very pleased to welcome Olivier to the…