OSLO, NORWAY: Gram Car Carriers ASA (GCC) announced the formation of Global Auto Carriers AS (GAC) for the purpose of ordering four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard (Weihai) Co., Ltd. GAC will hold options for an additional 2+2 vessels at the same yard. Global Auto Carriers AS…
Li3 to buy 50% stake in Premier African’s hard-rock lithium assets in Zimbabwe
LONDON, UK: Premier African Minerals Limited has signed a binding Joint Venture Agreement with Li3 Resources Inc., whereby Li3 Resources will acquire a 50% interest in Premier’s hard-rock lithium assets located in the Mutare Greenstone Belt in Zimbabwe. Premier African Minerals acquired these claims in June 2020. The assets are held by Premier’s wholly-owned subsidiary…
Scatec refinances wind power plant in Vietnam
OSLO, NORWAY: Scatec, a leading renewable energy solutions provider, has refinanced the USD 37 million of non-recourse project debt for the 39 MW wind power plant Dam Nai in Vietnam. With this refinancing, Scatec has achieved improved project return through a reduced interest margin and a covenant relief which allows for an immediate cash distribution…
AEW UK REIT to sell Eastpoint Business Park in Oxford for £37mn
LONDON, UK: AEW UK REIT plc (LSE: AEWU) has agreed terms to sell its office asset located in Eastpoint Business Park, Oxford for approximately £37 million. The agreed sale price represents a significant premium to the carrying value of the asset at 31 March 2022 and the Company received a number of offers at similar…
LondonMetric Property buys properties for £26.7 million
LONDON, UK: LondonMetric Property Plc has bought six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will be…
Blackbird video study finds optimized cloud native production tools can transform inefficient workflows
LONDON, UK: Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, today announces the release of some data from the Company’s recent video industry study which finds the cloud is impacting production but the vast majority of workflows remain inefficient. However natively optimized production tools offer…
Saint-Gobain & Dalsan to merge their plaster and plasterboard activities in Turkey
LONDON, UK: Saint-Gobain and the Turkish group Dalsan have entered into a joint-venture agreement pursuant to which they will merge their plaster and plasterboard activities in Turkey. Together, Saint-Gobain Rigips and Dalsan Alçi generated revenues in excess of €100 million in 2021. They will benefit from a leadership position with an annual production capacity of…
Digital 9 buys Finnish data centre & cloud services platform, Ficolo for €135mn
LONDON, UK: Digital 9 Infrastructure has signed a sale and purchase agreement for the acquisition of Ficolo Oy (Ficolo) for a total consideration of €135 million. The acquisition is expected to complete later this year following customary regulatory approval. Ficolo is a leading Finnish data centre and cloud services platform. Its ultra-modern infrastructure, spread across…
GFH Financial Group to list its shares on Abu Dhabi Securities Exchange in May
MANAMA, BAHRAIN: GFH Financial Group announced that the targeted cross listing of its shares on the Abu Dhabi Securities Exchange (ADX) is expected to take place in May 2022 subject to the final regulatory approvals. This will be the Group’s fourth regional listing, with GFH shares already actively traded on the Bahrain Bourse (BHB), Dubai…
Top Things That Can Go Wrong Moving Home
When you are moving home, there are all sorts of potential issues that you can find yourself up against. By knowing about these potential problems sooner rather than later, you can take some clear and obvious steps to prevent them from occurring. With this in mind, here is a series of the top things that…
How current world affairs are affecting semiconductor and PCB supply chains
It’s no secret that effects of the pandemic have led to shortages across many industries in the UK and around the world. Whilst the supply chain was slowly beginning to catch up, recent geopolitical events have only added to the crisis. One of the main sectors that’s been affected by such issues is the technology…
Scana ASA enters green hydrogen collaboration with Westgass Hydrogen
OSLO, NORWAY: Scana-owned PSW Power & Automation and Westgass Hydrogen enter a strategic collaboration aimed towards deployment of container-based hydrogen fuel cell systems for power applications. The initiative is a major step towards securing continuous investment in environmentally friendly energy production and underpins Scana’s overall ambition of accelerating the green energy transition by being a…