HELSINKI, FINLAND: Stora Enso has initiated a sales process for a possible divestment of four paper production sites. In line with Stora Enso’s strategy, paper is not a strategic growth area for the Group. The divestment intent is aligned with the Group’s strategy to focus on long-term growth potential for its renewable products in packaging,…
Canopy Holdings Group CEO Bent Grøver to leave the company
OSLO, NORWAY: Canopy Holdings AS announced that Group CEO Bent Grøver will leave the Company on 1 April 2022, a bourse filing said on Tuesday. Bent Grøver assumed the role of Group CEO on 22 February 2021. Prior to this he served for several years as Chair and member of the Board of Directors of…
Strategic investment to launch 888 brand in Africa
LONDON, UK: 888 Holdings (LSE:888), one of the world’s leading online betting and gaming companies, has signed an agreement with five industry veterans to form a new joint venture (888AFRICA), that will operate 888 brands in online betting and gaming markets across selected regulated markets in Africa. 888 has invested in a minority stake in…
Savannah Energy to build Africa’s largest wind farm in Niger
LONDON, UK: Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced its inaugural renewable energy project, having signed an agreement with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger for the construction and operation of the country’s first wind farm, with…
nDreams receives significant new third-party investment
LONDON, UK: Mercia Asset Management PLC (AIM: MERC) announced completion of a £20.1million third-party investment round into nDreams Limited, currently the Group’s largest direct investment by fair value. The investment comes from Aonic AB, a Stockholm-based video game investor. Aonic champions high-potential game studios by supporting them with the specialist technology and infrastructure needed to…
Nebras Power to build and operate Combined Cycle Gas Thermal power plant in Uzbekistan
DOHA, QATAR: Nebras Power Investment Management B.V. (NPIM), a wholly owned subsidiary of Nebras Power QPSC, has successfully entered into a long-term Power Purchase Agreement (PPA) in Uzbekistan to construct and operate the Syrdarya II Combined Cycle Gas Thermal (CCGT) power plant in the central region of the country. The power purchase agreement was formalized…
Sequoia Financial acquires Informed Investor, Sharecafe and Corporate Connect
SYDNEY, AUSTRALIA: Sequoia Financial Group Limited (ASX: SEQ) announced the successful acquisition of three inter-related businesses, Informed Investor Pty Ltd, Sharecafe Pty Ltd and Corporate Connect Research Pty Ltd. The total consideration will be approximately $5.1m with an initial payment of $3m made up of $1.1m cash and 2,720,723 Sequoia shares at $0.70 per share,…
Catapult signs performance data capture deal with German Football Association
SYDNEY, AUSTRALIA: Catapult Group International Limited (ASX:CAT), the global performance technology leader in elite sports, announced a multi-year deal with the German Football Association (DFB-Akademie), the single largest sports federation in the world, to capture performance data via video, track athlete performance via wearables, and improve the analysis infrastructure at all levels of the German…
Advanced Braking Technology appoints Andrew Booth as CEO
SYDNEY, AUSTRALIA: Advanced Braking Technology Limited (ABT) announced Mr. Andrew Booth, currently Acting Chief Executive Officer of ABT, has been appointed as its Chief Executive Officer. Ms Dagmar Parsons, ABT Chair, said following an initial commencement of an external search process, the board of ABT was very pleased to have internally promoted Mr. Booth to…
Burgundy engages Mazarine NY for diamond brand launch
SYDNEY, AUSTRALIA: Burgundy Diamond Mines Limited (ASX: BDM) has engaged the services of New York-based creative agency Mazarine NY to launch and drive the expansion of Burgundy’s ultra-luxury diamond brand. The new global brand is expected to be officially launched in Paris in July, with subsequent events in other locations through the remainder of the…
Rosie Mercer appointed CEO of Marsden Maritime Holdings
AUCKLAND, NEW ZEALAND: Marsden Maritime Holdings Ltd (MMH) has appointed Rosie Mercer as chief executive officer, effective 1 July 2022. “I am thrilled that Rosie will be taking up this important role as we play our part in transforming Northland’s economy,” said Chairman Murray Jagger. “Rosie and the Board are committed to delivering on our…
Mortgage Advice Bureau to acquire mortgage broking platform, Fluent
LONDON, UK: Mortgage Advice Bureau Limited has agreed to acquire approximately 75% of Project Finland Topco Limited (Fluent Money Group) for a total cash payment of c.£73 million based upon an enterprise value of £95 million together with a put and call option over the remaining interests. Fluent is a technology enabled telephone advice mortgage…