SYDNEY AUSTRALIA: Magnetite Mines Limited announced the appointment of Mr Tim Dobson as Chief Executive Officer, effective from 23rd August 2022, completing a process announced on 19th April this year. Mr Stephen Weir, who has been Acting Chief Executive Officer since April, will resume his role as Chief Development Officer. Mr Dobson is a highly-accomplished…
Susan Peterson to join Mercury NZ Limited Board
AUCKLAND, NZ: Experienced director and business leader Susan Peterson has been appointed to the Mercury NZ Limited board effective 1 September 2022. Susan Peterson is currently the Chair of Vista Group, and is an Independent Director of Xero, Arvida and Craigs Investment Partners. She is also a Trustee on the Board of Global Women. Mercury…
Summerset Group three properties in Australia and New Zealand
AUCKLAND, NZ: Summerset Group announced the purchase of two new properties in New Zealand and one in Australia. The New Zealand acquisitions are in Masterton (Wairarapa) and Rotorua (Bay of Plenty), while the Australian purchase is in Mernda (Victoria). The announcement comes as the company released its half-year result showing an underlying profit of $82.5…
TotalEnergies and Eni announce significant gas discovery offshore Cyprus
PARIS, FRANCE: TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall…
valU acquires fintech company Paynas
CAIRO, EGYPT: valU, MENA’s leading Buy-Now, Pay-Later (BNPL) lifestyle-enabling fintech platform, announced today that it acquired 100% of Paynas, a full-fledged employee management and benefits company that provides financial services to micro, small, and medium enterprises (MSME) in a signing ceremony attended by Dr. Rania A. Al-Mashat, Minister of International Cooperation The acquisition builds on…
Crayon signs multimillion managed service deal with Germany-based automotive supplier
OSLO, NORWAY: Crayon Group Holding ASA (OSE: CRAYN) has signed a multimillion managed service agreement with a Germany-based, global automotive supplier. Crayon will provide software asset management, FinOps, and technology-related strategic advisory services over a three-year period. “Our DNA of optimizing software and cloud investments continues to be a key strategic priority for our customers,”…
DNO ASA buys Mondoil Enterprises from RAK Petroleum for $117.25mn
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, entered into a transaction agreement pursuant to which RAK Petroleum plc will transfer its ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot International LDC whose principal assets are operated stakes in offshore production…
PWR Holdings has acquired UK based Docking Engineering
SYDNEY, AUSTRALIA: PWR Holdings Limited (ASX: PWH) announced acquisition of the UK based business, Docking Engineering, which was concluded on 19 August 2022. Operating out of Silverstone, UK, close to PWR Europe’s offices, Docking Engineering is a leading supplier of racing radiators, oil coolers, charge air coolers and motorsport fabrications. Docking fabrications can be found…
Albioma acquires portfolio of photovoltaic power plants in Brazil
PARIS, FRANCE: Albioma, an independent renewable energy producer, finalised on 17 August 2022 the acquisition of a portfolio of six photovoltaic power plants in Brazil with a total installed capacity of 31.6 MWp. Under the terms of the contract signed with GreenYellow, expert in decentralized solar photovoltaic production, energy efficiency projects and energy services in…
EQT Holdings will acquire AET from SFG Australia for $135mn
SYDNEY, AUSTRALIA: EQT Holdings Limited (ASX: EQT) will acquire Australian Executor Trustees (AET) from SFG Australia Limited, a wholly owned subsidiary of Insignia Financial Limited (ASX:IFL) for total cash consideration of $135 million. The acquisition will be funded through a combination of debt and equity, including $125 million from an equity raising, comprising a $40.4…
Good Drinks Australia will acquire Stomping Ground for $11.5mn
SYDNEY, AUSTRALIA: Good Drinks Australia (ASX: GDA) has executed a binding term sheet to acquire leading Victorian-based brewery Stomping Ground for $7 million cash, 4.5 million GDA Ordinary Shares and a trailing 5-year performance component, a bourse filing noted. The transaction will be funded using debt facilities and on-going operating cashflows from the business and…
Flynn Gold Limited appoints Neil Marston as Chief Executive Officer
SYDNEY, AUSTRALIA: Flynn Gold Limited (ASX: FG1) announced the appointment of Mr Neil Marston as the Company’s Chief Executive Officer, with effect from 24 August 2022. Neil was the founding Managing Director and Company Secretary of Bryah Resources Limited. Prior to this he was the Managing Director and Company Secretary of Horseshoe Metals Limited. Neil…