SYDNEY, AUSTRALIA: Dacian Gold Limited announced the proposed merger of Dacian and GenesisMinerals Limited by way of a unanimously recommended off-market takeover bid by Genesis for allof the fully paid ordinary shares in Dacian (Dacian Shares) (Offer). Under the Offer, subject to the satisfaction or waiver of the conditions set out in Annexure A to…
ARB Corporation appoints Lachlan McCann as CEO
SYDNEY, AUSTRALIA: The Board of ARB Corporation Limited announced the appointment of Mr Lachlan McCann as Chief Executive Officer of ARB, effective immediately. Mr McCann is a long-time employee of ARB, commencing with the Company in 2001. He has provided consistently strong leadership in various roles across ARB’s global operations including as Managing Director of…
AstraZeneca to acquire TeneoTwo Inc for $100 million
LONDON, UK: AstraZeneca has signed agreement to acquire TeneoTwo Inc., including its Phase I clinical-stage CD19/CD3 T-cell engager, TNB-486, currently under evaluation in relapsed and refractory B-cell non-Hodgkin lymphoma. AstraZeneca will acquire all outstanding equity of TeneoTwo in exchange for an upfront payment of $100m on deal closing, a statement noted. The acquisition of TNB-486…
Dotdigital Group appoints John Conoley as non-executive chair
LONDON, UK: Dotdigital Group plc (AIM: DOTD), the leading ‘SaaS’ provider of an omnichannel marketing automation and customer engagement platform, has appointed John Conoley to the Board as Non-Executive Chair, effective immediately. Michael (Mike) O’Leary, current Chair, will as previously indicated retire from the Board from today. John brings to Dotdigital significant Board level experience…
Elis acquires leading flat linen and workwear producer in Mexican market
SAINT-CLOUD, PARIS: Elis has announces the acquisition of a century-old business that is a leader in the Mexican market. Elis is an international multi-service provider, offering textile, hygiene and facility services solutions, which is present in Europe and Latin America. Following the initial announcement made on 9 March 2022, the Mexican competition authority have approved…
Golding Contractors gets $52mn contract for Pembroke Olive Downs Coking Coal project
SYDNEY, AUSTRALIA: NRW Holdings Limited’s wholly owned subsidiary,Golding Contractors Pty Ltd has secured the rail civil construction contract for the Pembroke Olive Downs Coking Coal project in Quee mynsland’s Bowen Basin. The civil works to be undertaken include a new 19km rail loop for the new steelmaking coal project, including all earthworks, drainage culverts and…
Jindalee Resources commence trading in the US on the OTCQX
SYDNEY, AUSTRALIA: Jindalee Resources Limited announced that its application to join the US-based OTCQX market has been accepted, with the Company’s shares to commence trading in the US on the OTCQX platform under the ticker OTCQX: JNDAFon 5 July 2022. The OTCQX Best Market is the highest tier of OTC Market Group’s market platforms, on…
Schneider Electric finalizes disposal of Russian business to locals
RUEIL-MALMAISON, FRANCE: Schneider Electric has signed on July 3rd, 2022 a binding agreement regarding the sale of Schneider Electric Russia to the local leadership team. Closing of the transaction will be subject to regulatory approvals and satisfaction of other closing conditions. Since 24 February 2022 Schneider Electric has put on hold new investments in Russia and Belarus…
Ora Banda Mining appoints Luke Creagh as Chief Executive Officer
SYDNEY, AUSTRALIA: Ora Banda Mining Limited (ASX: OBM) announced that effective immediately, Luke Creagh has been appointed to the position of Chief Executive Officer. Mr Creagh is a mining engineer with 20 years’ experience working for both contracting and mining companies at projects throughout Australia and overseas. He most recently served as Chief Operating Officer…
DEWA adds 700MW of energy production capacity
DUBAI, UAE: Dubai Electricity and Water Authority (DEWA) announced that the total production capacity of energy has reached 14,117 megawatts (MW) after adding 700MW. This includes 600MW from the Hassyan Power Complex, which runs on natural gas, and 100 MW from photovoltaic (PV) solar panels at the 5th phase of the Mohammed bin Rashid Al…
SHUAA announces Northacre’s global expansion
UNITED ARAB EMIRATES: Northacre, London’s leading super-prime developer with over 30 years’ experience in creating exceptional living spaces, announced its global expansion and plans for growth. As part of Northacre’s global expansion, SHUAA will combine its real estate-related investment management, development management and asset management businesses under one platform and establish a separate new entity…
Yara International sells stake in Dallol mining project in Ethiopia
OSLO, NORWAY: Yara International has signed a Share Purchase Agreement with XLR Enterprises Limited to sell its ownership interest in the Dallol mining project in Ethiopia. The Dallol mining project comprises a planned Sulphate of potash (SOP) mine in the Afar region in Ethiopia. Yara has been the majority shareholder in the project, with XLR…