SYDNEY, AUSTRALIA: Genex Power Limited (ASX:GNX) has entered into the transaction documents with Solar Choice Pty Ltd to acquire a 100% interest in the development rights for the up to 2GW multi-stage Bulli Creek Clean Energy Project located approximately 100km south-west of Toowoomba in south east Queensland. The first stage of the Project is anticipated…
DEWA invests in AI & machine learning to improve efficiency, reduce costs
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA)’s R&D Centre employs Artificial Intelligence (AI), Machine Learning (ML) and Deep Learning (DL) to promote DEWA’s efforts to enrich the experience of customers, employees, and stakeholders. This also aims to reduce costs and carbon emissions in addition to promoting energy efficiency, smart grid integration and improving the…
How Large Is The Biopharmaceutical Industry?
The biopharmaceutical industry’s business models are anticipated to be altered during the next two decades by five forces, both within and outside the sector, which will necessitate that current participants assess altering markets and choose how they will compete. A wide spectrum of diseases will continue to be treated or cured by biopharmaceutical businesses in…
CBRE Investment Management acquires CapMan Infra’s stake in Norled
LONDON, UK: CBRE Investment Management (CBRE IM) and CapMan Infra, which each acquired a 50 per cent stake in leading Norwegian ferry and express boat operator Norled AS in 2019, have now entered into an agreement for CBRE IM to acquire the entire stake managed by CapMan. CBRE Investment Management is making the investment on…
OZ Minerals funds Kapunda Copper Project Australia
SYDNEY, AUSTRALIA: The directors of Thor Mining Plc announced that OZ Minerals Limited will provide funding support for technical investigations into In Situ Recovery (ISR) technology at the EnviroCopper Ltd (ECL), Kapunda copper-gold ISR Project, in South Australia. Thor owns 30% equity in ECL. Project highlights: OZL has committed AUD$2.5 million over 18 months to…
Kongsberg Automotive divests part of Shawinigan operations for EUR 104mn
ZURICH: Kongsberg Automotive ASA and its subsidiary Kongsberg Inc have entered into a definitive agreement for the sale of a part of its Shawinigan operations in Canada to BRP for a total enterprise value of CAD 136 million (EUR 104 million). Kongsberg Automotive (KA) provides cutting-edge technology and engineering to the global vehicle industry. KA…
Global Ports Holding adds Canary Islands ports to network
LONDON, UK: Global Ports Holding Plc (GPH), the world’s largest independent cruise port operator, announced that Global Ports Canary Islands S.L. (GPCI), an 80:20 joint venture between GPH and local partner Sepcan S.L., has successfully completed the competitive RFP process for certain Canary Island cruise ports having received final acceptance for the concessions for three…
WSP Group to acquire RPS Group for £591.1 million
LONDON, UK: WSP Holdings, or another wholly-owned subsidiary of WSP Global, will acquire the entire issued and to be issued share capital of RPS Group, a global professional services firm of consultants and service providers, headquartered in Abingdon, Oxfordshire. Under the terms of the acquisition, RPS shareholders will be entitled to receive 206 pence in…
Independent Investment Trust to merge into The Monks Investment Trust
LONDON, UK: The Board of The Monks Investment Trust announced that heads of terms have been agreed for a proposed combination of the company with The Independent Investment Trust. The combination, if approved by each company’s shareholders, will be implemented through a scheme of reconstruction pursuant to section 110 of the Insolvency Act 1986, resulting…
Supreme Plc (AIM:SUP) acquires Cuts Ice Limited and Flavour Core Limited
LONDON, UK: Supreme Plc (AIM:SUP) announced the purchase of trade and assets of Cuts Ice Limited and Flavour Core Limited. Cuts Ice is an independent vaping manufacturer with major own brands as well as OEM manufacturing contracts, and Flavour Core is a flavour development and regulatory compliance business in e-liquids. Cuts Ice has also developed…
Coca-Cola HBC to acquire Three Cents, the adult sparkling beverage and mixer business, for €45mn
ZUG, SWITZERLAND: Coca-Cola HBC AG announced that its wholly-owned subsidiary, CC Beverages Holdings II B.V., has reached an agreement to acquire ESM Effervescent Sodas Management Limited from S.I.C.C Holding Limited, a wholly-owned subsidiary of IDEAL Holdings SA, a publicly-listed company in Greece. The agreed enterprise value amounts to €45 million, subject to certain closing adjustments….
Clean TeQ Water secures option to acquire Soane Labs’ Accelerated Dewatering Technology
MELBOURNE, AUSTRALIA: Clean TeQ Water Limited announced the signing of an exclusive global technology licence agreement with Soane Labs LLC for its Accelerated Dewatering Technology, known as ATA. The agreement provides Clean TeQ Water with an exclusive global licence to exploit the ATA technology, with an option to purchase the technology, at Clean TeQ Water’s…