SYDNEY, AUSTRALIA: Australian Pacific Coal Limited (ASX: AQC) announced that the Chief Executive Officer Mr David Conry AM is retiring from his role and has resigned as Executive Chairman, with effect immediately. AQC’s Independent Director Mr Mike Ryan has been appointed as the Interim Chairman. Mr Ryan joined the Board in November 2022 and has…
8 European Countries To Try And Build Your Company
Are you looking for a place to start or expand your business? Europe is an ideal location, with its diverse culture and advanced infrastructure. With so many countries to choose from in the region, it can be difficult to decide which one would be best suited for your company’s needs. To help narrow down your…
RHI Magnesita to acquire a 65% shares in Jinan New Emei for €40 million
LONDON, UK: RHI Magnesita has agreed to acquire a 65% shareholding in Jinan New Emei for a cash consideration of ¥293 million (€40 million). Jinan New Emei Industries Co. Ltd. is a leading producer of refractory slide gate plates and systems, nozzles and mixes for use in steel flow control, employing over 1,300 people and…
Vista Equity Partners signs agreement to acquire Duck Creek Technologies for $19/share
LONDON, UK: Vista Equity Partners has entered into a definitive agreement to acquire Duck Creek Technologies, a software provider to property and casualty insurers, for $19 per share in an all-cash transaction. Vista Equity Partners is an American investment firm focused on financing and forwarding software, data, and technology-enabled startup businesses. Vista has invested in…
Semtech Corporation completes $1.2bn acquisition of Sierra Wireless
VANCOUVER, BRITISH COLUMBIA: Semtech Corporation (Nasdaq: SMTC) has completed the acquisition of Sierra Wireless Inc. (Nasdaq: SWIR) in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. This transaction nearly doubles Semtech’s annual revenue and adds approximately US$100 million of high-margin IoT Cloud services recurring revenues. Semtech expects the acquisition to be…
Dynamic Metals IPO raises $7 million
SYDNEY, AUSTRALIA: Jindalee Resources Limited has successfully completed the spin-out and Initial Public Offering (IPO) of Dynamic Metals Limited (ASX: DYM). The IPO received strong support from Jindalee shareholders and new investors, with the offers to raise up to a maximum of $7 million closing oversubscribed. Dynamic shares allotted under the IPO were issued on…
Merit Group announces disposal of Le Trombinoscope
LONDON, UK: Merit Group Plc (AIM:MRIT), the data and intelligence business, announced that it has today completed the disposal of the trade and assets of Le Trombinoscope, a French language directory service publication focused on the French political landscape. The business was the only media title excluded from the Group’s recent disposal of its Media,…
The dangers of working in construction
While the COVID-19 pandemic served as a crucial reminder of the importance of overall health and safety practices in the workplace, construction industry workers have always faced a relatively high level of risk when carrying out their everyday jobs. Construction business owners must take the necessary steps to keep their employees safe and ensure that…
TotalEnergies commissions BioBéarn, France’s largest biogas production unit
PARIS, FRANCE: TotalEnergies has launched its eighteenth biogas production unit in France, which will be the largest in the country with a maximum capacity of 160 gigawatt hours (GWh), a statement said. Named BioBéarn and located in Mourenx in the south-west of France, this new unit, fed with organic waste, has begun feeding its first…
Parkmead Group announces new gas discovery in the Netherlands
LONDON, UK: Parkmead Group, the independent energy group, completed drilling activities at the LDS-01 well in the Netherlands, which has encountered gas columns in the primary target horizons. The well has been completed and is now ready for tie-in to production, which will follow the conclusion of the LDS-02 well. The LDS-01 well was the…
Vodafone announces executive committee changes
LONDON, UK: Vodafone Group Plc has announced changes to its Group Executive Committee. Aldo Bisio, CEO of Vodafone Italy, will take on the role of Group Chief Commercial Officer in addition to his current role effective 12 January 2023. Aldo has been CEO of Vodafone Italy since January 2014 and is a member of the…
SUPR has acquired BAPTL beneficial interest in the Sainsbury’s Reversion Portfolio for £196mn
LONDON, UK: Supermarket Income REIT (LSE: SUPR) has acquired British Airways Pension Trustees Limited (BAPTL) 25.5 beneficial interest in the Sainsbury’s Reversion Portfolio (SRP Portfolio) for £196 million resulting in the Company’s beneficial interest in the SRP Portfolio increasing to 51.0%. The remaining 49.0% beneficial interest in the SRP Portfolio is held by Sainsbury’s plc….