Deciding to invest in your business is one of the smartest things you can do. Not only will it help your business grow and succeed, but it will also allow you to reap the benefits in the form of increased profits and a better bottom line. But with so many different options available when it…
Tata Steel acquires remaining 50% interest in S&T Mining
LONDON: Tata Steel Group has acquired entire shareholding of Steel Authority of India Limited (SAIL) in S&T Mining taking group’s ownership in S&T Mining to 100 per cent. S&T Mining Company is a 50:50 joint venture company between Tata Steel Limited and Steel Authority of India Limited (SAIL). S&T Mining was incorporated on September 18,…
SHEIN, the B2C fast fashion e-commerce platform, will raise $1.0bn
SHEIN describes itself as “an international B2C fast fashion e-commerce platform (that) focuses on women’s wear, but also offers men’s apparel, children’s clothes, accessories, shoes, bags and other fashion items. SHEIN was valued at $100 billion in a recent funding round, according to people familiar with the matter, making the China-based apparel seller one of…
MMA Offshore disposed of two more vessels
SYDNEY, AUSTRALIA: MMA Offshore Limited has completed the sale of a further two vessels, the Mermaid Vigilance and the MMA Chieftain for total proceeds of $5.5 million. The sale values for these vessels were in line with the “assets held for sale” value on the Company’s balance sheet. The proceeds of approximately A$7.3 million will…
Inventis Technology has acquired Electronic Circuit Designs
SYDNEY, AUSTRALIA: Inventis Limited (ASX: IVT) confirmed that its wholly owned subsidiary Inventis Technology Pty Limited has completed all aspects of the purchase of all shares in Electronic Circuit Designs Pty Ltd (ECD). The 100% ownership is effective from 30/03/22. In conjunction with the share purchase of ECD, Inventis has also received written confirmation of…
Ardent Leisure and RedBird agree to sell Main Event Entertainment for $835mn
SYDNEY, AUSTRALIA: Ardent Leisure Group and RedBird Capital Partners have entered into a binding agreement with Dave & Buster’s for the sale of Main Event Entertainment Inc. for cash consideration of $835 million, a bourse filing said. Ardent Leisure will use the proceeds to repay its outstanding debt facility to the Queensland Treasury Corporation and…
Lene Johansen appointed CEO of Skandia Greenpower
OSLO, NORWAY: Skandia Greenpower AS has appointed Lene Johansen, currently commercial director of rapidly growing online retailer Brandsdal Group, as its new CEO from 1 July 2022. Current CEO, Gunnar Norheim, remains with the company. The CEO appointment follows Skandia Greenpower’s announcement on 2 February 2022, when the company revealed that it had decided to…
Elkem, Hydro and Altor partner to accelerate sustainable battery materials production
OSLO, NORWAY: Elkem, Hydro and Altor (Altor Fund V) today announced a partnership with the intention to accelerate the growth of Vianode, a producer of sustainable battery materials. An investment decision for a potential first-phase plant at Herøya, Norway, is expected in the first half of 2022. Vianode has developed a range of synthetic graphite…
Ørsted acquires majority stake in Scottish floating wind development project
LONDON, UK: Ørsted A/S, the world leader in offshore wind, joins a floating wind joint venture set up by Simply Blue Group and Subsea 7. The Salamander project is a stepping-stone floating wind project off the east coast of Scotland, designed to provide the Scottish supply chain with an early capacity development opportunity before larger…
Magnora increases ownership in Evolar AB to 63.5 percent
OSLO, NORWAY: Magnora ASA has increased its ownership in Evolar AB (Evolar) from 50 percent to 63.5 percent, as a result of strong progress in Evolar. Based on Evolar’s Perovskite deposition technology, solar cell manufacturers will be able to enhance conventional solar cell efficiency by installing a turn-key solution to their production lines. The technology…
bpha enters early partnership talks with Flagship Group and Futures Housing Group
LONDON, UK: bpha Finance announced that it is in early talks with Flagship Group and Futures Housing Group to enter into a partnership. The three organisations collectively manage over 60,000 homes in central and east England and are exploring the potential of combining their expertise and capability to enhance the provision of housing and local…
Gaming Realms launches content in Ontario
LONDON, UK: Gaming Realms plc (AIM: GMR), the developer and licensor of mobile focused gaming content, announced that it officially launched its content in the Canadian province of Ontario on the first day its regulated gaming market opened on 4th April 2022. Seven games from Gaming Realms’ Slingo portfolio are now live in Ontario with…