LONDON, UK: LSL Property Services announced the sale of its London Estate Agent Marsh & Parsons (Holdings) and its subsidiaries to a subsidiary of Dexters London Limited. The consideration is £29 million on a cash free debt free basis, payable in cash at completion, subject to normal working capital adjustments. For the 2021 financial year,…
JLEN has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG)
LONDON, UK: JLEN, the listed environmental infrastructure fund, has acquired 33% equity stake in Foresight Hydrogen Holdco GmbH (FHHG). Foresight Hydrogen Holdco GmbH (FHHG) holds a 75% stake in HH2E Werk Thierbach GmbH, a Special Purpose Vehicle which owns the development rights to the Thierbach green hydrogen project (“Thierbach”), a large green hydrogen production plant…
Ian McLaughlin appointed new CEO of Provident Financial
LONDON, UK: Provident Financial plc (PFG) announced Malcolm Le May has decided to step down as Chief Executive Officer (CEO). The Group also announced the appointment of Ian McLaughlin as CEO and Executive Director, subject to regulatory approval. Malcolm Le May will continue as CEO until Ian joins, and then will remain with PFG to…
Dubai Investments acquires 9.0% stake in Monument Bank, UK based Digital Bank
DUBAI, UAE: Dubai Investments [DIC] has acquired 9% equity stake in Monument Bank Limited, a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority (UK). Monument Bank is focused on the overlooked ‘mass affluent’ segment in the UK. The bank’s strategic goal is to provide core banking and…
Ericsson appoints Jenny Lindqvist as Head of Market Area Europe & Latin America
ESPOO, FINLAND: Ericsson (NASDAQ: ERIC) has appointed Jenny Lindqvist Senior Vice President, Head of Market Area Europe & Latin America, as of February 1, 2023. Effective the same date she will become member of the Ericsson Executive Team, reporting to the CEO. Jenny Lindqvist currently holds the position of Vice President and Head of Northern…
Sindh Engro and Power Cement sign MoU to blend Thar coal in cement manufacturing
KARACHI, PAKISTAN: Sindh Engro Coal Mining Company (SECMC) and Power Cement has signed a memorandum of understanding (MOU) for a trial run of Thar coal for cement production in their manufacturing unit. The memorandum was signed by Sindh Engro Coal Mining Company CEO Amir Iqbal and Power Cement CEO Kashif Habib. Under the MoU between…
Velocys and Bechtel Energy collaborate project delivery solution for global markets
LONDON, UK: Velocys plc, the sustainable fuels technology company, executed a master relationship agreement (MRA) with Bechtel Energy, one of the world’s most respected engineering companies. The MRA sets out a route map for the parties to collaborate with each other with the objective of developing an EPC execution model for the Company’s sustainable fuels…
Gore Street Energy Storage Fund to acquire energy storage project in Texas
LONDON, UK: Gore Street Energy Storage Fund has agreed to acquire a 75 MW / 150 MWh energy storage project located in Texas, United States. Following this acquisition, GSF’s internationally diverse portfolio will consist of 26 projects with a total capacity of 973.2 MW in operation and construction across the UK, Ireland, Germany and the United…
Corcel Plc has sold Burwell Energy Storage Project to Burwell AL Ltd
LONDON, UK: Corcel Plc (AIM: CRCL), the natural resource exploration and development company, has completed the sale of a 100% interest in the Burwell Energy Storage project outside of Cambridge to Burwell AL Ltd. The Company has closed the sale of the Burwell project for cash proceeds of £200,000, plus a reimbursement of Corcel’s grid…
WiseTech Global acquires Envase Technologies for $230 million
SYDNEY, AUSTRALIA: WiseTech Global (ASX:WTC), developer of leading logistics execution software CargoWise, announced the acquisition of Envase Technologies, a leading provider of transport management system software for intermodal trucking and landside logistics in North America in a transaction valued at US$230 million. Envase Technologies is being acquired from private investment firm and supply chain investor…
Black Mountain Energy acquires US based oil and gas fields, Half Moon Prospect
SYDNEY, AUSTRALIA: Black Mountain Energy has entered into an agreement with Earthstone Energy Inc to acquire 100% of Earthstone’s interest in an 8 operating wells and leases (known as the “Half Moon Prospect”) in the Permian Basin in New Mexico, USA. The Half Moon Prospect is located in the northwestern corner of the Delaware Basin…
Joshua Mundey appointed CEO of 1st Group Limited
SYDNEY, AUSTRALIA: 1st Group Limited (ASX: 1ST), the Australian digital health group, has appointed Joshua Mundey as its new permanent Chief Executive Officer, effective today. Mr Mundey has been acting in the role of Interim CEO since October 2022. The decision to appoint Mr Mundey in a permanent capacity has been taken by the Board…