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….
Kelsian Group to acquire Horizons West Bus and Coachlines for upto A$30.4mn
PERTH, AUSTRALIA: Kelsian Group Limited (ASX:KLS) has entered into binding agreements to acquire Horizons West Bus and Coachlines together with ancillary assets from the Vendors for an enterprise value of A$23.4 million plus a contingent, deferred consideration and earn-out component of up to A$7.0 million. In addition, Kelsian Group will purchase strategic property assets comprising…
Mirvac appoints Campbell Hanan as Group CEO & MD
SYDNEY, AUSTRALIA: Mirvac Group [ASX: MGR] announced the appointment of Campbell Hanan as Mirvac’s next Group CEO & Managing Director. Mirvac is an Australian property group with operations across property investment, development, and retail services. Campbell Hanan has been a member of the Executive Leadership Team since he joined Mirvac in 2016 and he currently…
Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe
COPENHAGEN, DENMARK: Ørsted and Equinor have just signed an agreement under which Equinor will supply 8 TWh Norwegian gas to Denmark via Baltic Pipe from 1 January 2023 to 1 April 2024. The total volumes of gas supplied during the period will be approx. 8 TWh, corresponding to roughly a quarter of the expected total…