LONDON, UK: HICL Infrastructure Plc has exchanged contracts to acquire a 40% equity interest in Aotearoa Towers Limited, a passive mobile tower infrastructure owner, from Vodafone New Zealand Limited. Following completion of the transaction, Aotearoa Towers will represent approximately 7% of HICL’s portfolio, by value and is expected to take HICL’s portfolio weighting in digital…
ANZ signs deal to acquire Suncorp Bank for $4.9 billion
SYDNEY, AUSTRALIA: ANZ announced an agreement to acquire Suncorp Bank from Suncorp Group Limited, accelerating the growth of its retail and commercial businesses while also improving the geographic balance of its business in Australia. The purchase price is $4.9 billion, a statement said. Suncorp Bank will continue to be led by CEO Clive van Horen…
Sanctuary Group issues a tap of £150 million
LONDON, UK: Sanctuary Group has issued a £150m tap of its existing 2.375% secured bonds due 2050, a statement said. Successfully navigating the current volatile market backdrop, the tap issuance attracted a broad number of investors, with a final orderbook that was over 5x subscribed. The deal priced below the Group’s existing cost of capital,…
Green Fuels for Denmark receives IPCEI status
COPENHAGEN, DENMARK: Last year, the Danish government shortlisted Green Fuels for Denmark as one of two Danish Power-to-X projects eligible for public funding, provided that the European Commission recognises it as an Important Project of Common European Interest (IPCEI), contributing to sustainable economic growth, job creation and the competitiveness of the EU economy. Today, the…
Yara, ACME and Scatec sign term sheet for sale of green ammonia from Oman
GENEVA: ACME group, Scatec ASA and Yara International have signed a term sheet for offtake from the first phase of green ammonia from Oman. Oman has excellent conditions for renewable energy and a strategic location to produce green ammonia for export to both Europe and Asia, which are the pacesetters in reducing CO2-emissions. ACME and…
Cyviz gets contract for Command & Control center in the Middle East
OSLO, NORWAY: Cyviz announced a contract with a new strategic defense customer in the Middle East, valued at NOK 25 million (USD 2.45 million). This defense customer in the Middle East, is investing in a Command & Control center. This will be one of the largest Command & Control centers in the world. The Command…
Ocean Sun and Keppel has entered a Technology License Agreement
OSLO, NORWAY: Ocean Sun and Keppel have signed an agreement for a 1.5 MWp floating PV project to be deployed near Jurong Island in Singapore. Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation. KI provides solutions for some of the world’s most pressing…
Azerion raises €10.5 million in equity
AMSTERDAM: Azerion Group announced a small equity capital raise of €10.5 million in the form of a private placement of existing ordinary treasury shares of Azerion, predominantly to Azerion’s co-CEO’s investment vehicles. The price of the private placement reflects a 5% discount on Azerion’s closing share price of 13 July 2022. Azerion intends to use…
Idox awarded new contract for Idox Cloud
LONDON, UK: Idox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset-intensive sectors, announced that Rother and Wealden District Councils shared environmental health service has signed a five-year contract for Idox Cloud Public Protection. The deal follows a number of contract wins for Idox Cloud products…
Morinaga Milk Japan to acquire ICI Pakistan’s NutriCo Morinaga for $56.6mn
KARACHI, PAKISTAN: ICI Pakistan Limited has received a conditional offer from Morinaga Milk Industry Co. Ltd, Japan to acquire an aggregate of approximately 33.3% of the issued and paid up share capital of NutriCo Morinaga (Pvt) Limited, a subsidiary of ICI Pakistan, from NutriCo Morinaga’s existing shareholders at an aggregate price of USD 56.6mn translating into PKR 430.48/share. The…
6 Ways You Can Quicken Masonry Work On A Large Construction Site
Masonry work is one of the most essential parts of any large construction project. It helps to create a sturdy foundation on which the rest of the building can be constructed. However, masonry work can often be quite time-consuming and labor-intensive. Here are six ways you can speed up the process without sacrificing quality or…
Pyrum establishes joint venture to build and operate a 20,000-ton pyrolysis plant in Bavaria
DILLINGEN, GERMANY: Pyrum Innovations AG, a pioneer in the sustainable recycling of end-of-life-tyres (ELT) based on its patented pyrolysis technology, has established the first joint venture to build and operate a pyrolysis plant in Bavaria. Under the company name REVALIT GmbH, a recycling plant with a capacity of 20,000 tons of used tyres is to…