SYDNEY, AUSTRALIA: Silk Logistics Holdings Limited (ASX: SLH) has entered into a binding agreement to acquire the Fremantle Freight & Storage Group through the acquisition of head company Brightflow Enterprises Pty Ltd, subject to conditions precedent customary for a transaction of this nature together with final debt facility approval. The acquisition price consists of $23.6…
Ericsson completes acquisition of Vonage Holdings
ESPOO, FINLAND: Ericsson has completed its acquisition of Vonage Holdings Corp. (Vonage) (NASDAQ: VG), supporting Ericsson’s strategy to leverage technology leadership to grow its mobile network business and expand into enterprise. The acquisition provides Ericsson with access to powerful building blocks to offer a full suite of communications solutions including, Communications Platform as a Service…
Tom Pickford to become new CEO of the Stanley Gibbons Group
LONDON, UK: The Stanley Gibbons Group announced that Graham Shircore, Group CEO will be stepping down on September 12th 2022 to return to work at Phoenix Asset Management Partners, the Group’s majority shareholder. It is anticipated that Graham will become a non-executive director of the Group at this stage The Board announced that Tom Pickford…
Chesnara plc acquires insurance portfolio of Conservatrix N.V
LONDON, UK: Chesnara plc announced the acquisition of the insurance portfolio of Nederlandsche Algemeene Maatschappij van Levensverzekering (Conservatrix N.V), a specialist provider of life insurance products in the Netherlands that was declared bankrupt on 8 December 2020. The insurance portfolio will be acquired by Waard, Chesnara’s Dutch closed book operation. Acquisition highlights § Third acquisition…
Green sites, green networks, and green operations: Win-Win Innovation Week
Win-Win Innovation Every major advancement in history has been accompanied by a significant improvement in the energy efficiency of information transmission. The increase in carbon emissions generated by exploding data traffic will become a global problem that must be tackled in the next five to ten years. To help operators achieve these goals, Huawei has…
Blofeld Investment & AlGihaz consortium to acquire Lamprell Plc for £38.8 million
LONDON, UK: Thunderball Investments Limited has reached agreement on the terms to acquire the entire issued and to be issued share capital of Lamprell Plc. Thunderball Investments Limited is a newly formed company owned by Blofeld Investment Management Limited and AlGihaz Holding Closed Joint-Stock Company. Under the terms of the offer, Lamprell Plc shareholders will…
Christopher Bergstresser appointed CEO and MD of Mogus Games
SYDNEY, AUSTRALIA: Mogul Games Group Limited (ASX: MGG) announced Christopher Bergstresser will be appointed CEO and Managing Director of the Company. Christopher is a senior entertainment executive with 30 years of experience founding, buying and building companies in the gaming and mobile sectors. Most recently Christopher held the role of Executive Director Mogul, was Group…
Finnfund acquires 17.59% stake in TPL Insurance Limited
KARACHI, PAKISTAN: Finnfund, a major development financier and impact investor in Finland, investing in responsible and profitable businesses in developing countries, has invested by acquiring 17.59% shareholding in TPL Insurance Limited. The acquisition follows TPL Insurance Limited’s earlier disclosure, dated April 15, 2022, to the Pakistan Stock Exchange concerning the execution of the Share Subscription…
Bayport Polymers announces the start-up of new Ethane Cracker in Port Arthur
PARIS, FRANCE: Bayport Polymers LLC, a 50/50 joint venture (JV) between TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Borealis, today announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene. This almost $2 billion project built on the site of and operated by the TotalEnergies…
Dubai plans AED 40 billion renewable and clean energy projects
DUBAI, UAE: Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), announced that DEWA has plans to invest AED 40 billion on capital expenditure in the next five years including the expansion of renewable and clean energy projects. He noted that DEWA plans to invest about AED 16 billion to…
Norfund joins Norsk Solar and Finnfund as partner in Nordic Impact Cooperation AS
STAVANGER, NORWAY: Norsk Solar announced that Norfund, the Norwegian Investment Fund for Developing Countries (Norfund) will join Norsk Solar and Finnfund as an equity partner in Nordic Impact Cooperation AS (NIC). NIC is an investment platform that provides equity financing in Norsk Solar projects for corporate and industrial energy buyers in select high-growth markets. Norfund’s…
Demanding energy markets due to shortage of gas supplies from Russia
The second quarter was characterized by unprecedented market volatility, high power prices and concerns about energy supplies due to a shortage of gas supplies from Russia. “The European energy crisis has accelerated due to a shortage of gas supplies from Russia, leading to high power prices and a large increase in Statkraft’s gross revenues. However,…