LONDON, UK: Petrofac, a leading provider of services to the global energy industry, and Promethean Decommissioning Company (PDC), a pure-play Decommissioning Operator, have formed an Alliance to decommission the South Pass 60, South Pass 6 and East Breaks 165 fields, offshore Gulf of Mexico. The legacy offshore fields and assets include nine platforms, 200 wells…
Downing Renewables & Infrastructure Trust acquires hydropower plants in Sweden
LONDON, UK: Downing Renewables & Infrastructure Trust plc (LSE: DORE) has entered into an agreement to acquire, through Downing Hydro AB (DHAB), a 100% interest in a portfolio of operational run-of-river hydropower plants in Sweden for a total consideration of approximately EUR 20 million (c.£17 million), from Batten AB and Daturum AB. The acquisition will…
Insig AI signs data share partnership agreement with Snowflake
LONDON, UK: Insig AI plc (AIM: INSG), the data science and machine learning group, has signed a data share partnership agreement with Snowflake Inc, the NASDAQ listed cloud based data warehousing company. Insig AI’s data products are now available via the Snowflake data marketplace. Snowflake’s users consist of data scientists, quant researchers and data engineers….
Text-to-donate raises over £6.8m in mobile donations for Ukraine Humanitarian Appeal
LONDON, UK: Fonix Mobile Plc has been the mobile donation partner for the Disasters Emergency Committee (DEC) Ukraine Humanitarian Appeal. More than £6.8m has been raised by the UK public via text-to-donate so far, to support the aid effort in Ukraine and in neighbouring countries. Since the beginning of March text-to-donate has been promoted across…
Australian travel businesses join forces to create premium & business travel group
SYDNEY, AUSTRALIA: Flight Centre Travel Group (FLT), Goldman Travel Corporation and the Spencer Group of Companies have today launched an innovative new joint venture (JV) focussed on premium and business travel. The high-profile Australian travel industry businesses have joined forces to create Link Travel Group, an invitation-only members’ group dedicated to partnering with high quality…
Novatti Group will launch an Australian Dollar backed stablecoin
SYDNEY, AUSTRALIA: Novatti Group Limited (ASX:NOV), a leading fintech enabling businesses to pay and be paid, will launch an Australian Dollar (AUD) backed stablecoin leveraging the open source Stellar blockchain. The stablecoin, to be called AUDC, will provide a digital representation of the Australian dollar, and will be secured with a 1:1 backing of AUD…
HT&E to divest 4KQ Brisbane radio for $12mn
SYDNEY, AUSTRALIA: HT&E Limited has signed a contract to sell its 4KQ Brisbane radio station and licence to a subsidiary of Sports Entertainment Group Limited (ASX: SEG). The sale of 4KQ was required by the Australian Communications and Media Authority (ACMA) following HT&E’s acquisition of the “ARN Regional” business from Grant Broadcasters, which completed on…
SRJ’s acquisition of STATS UK Limited not proceeding
SYDNEY, AUSTRALIA: SRJ Technologies Group announced that the acquisition of STATS (UK) Limited will not proceed. Following SRJ’s announcements on 4 February 2022 and 14 December 2021 in relation to the transaction, SRJ advises that as a result of market volatility caused by underlying macro, geopolitical and supply chain events, the acquisition of STATS UK…
Air New Zealand completes NZ$1.2 bn shares sale
AUCKLAND, NZ: Air New Zealand has completed the shortfall bookbuild component of its 2 for 1 pro rata renounceable rights offer announced on 30 March 2022. Air New Zealand raised a total of NZ$1.2 billion in shares sale under the Rights Offer and shortfall bookbuild. These proceeds will be used to repay the airline’s existing…
Awilco Drilling sells WilPhoenix rig for $15.5mn
ABERDEEN, NORWAY: Awilco Drilling announced that its fully owned subsidiary Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA) for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd. The agreed purchase price is USD 15.5 million. Expected time of delivery of the rig is on or around 1 June 2022….
Yara Clean Ammonia plans IPO on Oslo Stock Exchange
OSLO, NORWAY: Yara International is evaluating a potential initial public offering (IPO) of its Yara Clean Ammonia business (YCA) on the Oslo Stock Exchange. Consistent with Yara’s ownership approach, the evaluation of a potential future listing is focused on attracting minority investors and reflects Yara’s strategic ambition to enable the hydrogen economy, where clean ammonia…
Elop intends to divest Simplifai for NOK 140 million
OSLO, NORWAY: Elop AS has received a cash consideration offer for the acquisition of 100 percent of the shares in its operating subsidiary Simplifai. The offer values Simplifai at an enterprise value of NOK 140 million and will secure Elop the financial strength to accelerate commercialization of its technologies and further grow the company until…