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,…
Alkemy Capital signs lithium feedstock agreement with Traxys
LONDON, UK: Alkemy Capital Investments (LSE: ALK) wholly-owned subsidiary Tees Valley Lithium Ltd (TVL) has entered into a Memorandum of Understanding with leading global physical trader and merchant in metals and natural resources, Traxys North America LLC, a member of the Traxys Group of companies (“Traxys”). HIGHLIGHTS · Traxys has agreed to source and supply…
BrandShield joins forces with Web3 gaming metaverse The Sandbox
LONDON, UK: BrandShield Systems (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection, announced the results of a strategic partnership with The Sandbox. The Sandbox is a leading decentralised gaming virtual world and a subsidiary of Animoca Brands, which was formed to ensure the safety and security of crypto wallets…
Bradda Head Lithium plans listing on TSX Venture Exchange
LONDON, UK: Bradda Head Lithium Ltd., the North America-focused lithium development company, announced its intention to pursue a dual-listing of its ordinary shares (the “TSX-V Listing”) on the TSX Venture Exchange (“TSX-V”). Bradda Head’s board of directors believes that a TSX-V listing will be beneficial to the Company and its shareholders in a number of…
Together Financial Services prices its largest ever mortgage backed securitisation (MBS)
LONDON, UK: Together Financial Services Limited, one of the UK’s leading mortgage and specialist loan providers, announced the pricing of its £499.4 million 1st charge only residential mortgage backed securitisation (RMBS), Together Asset Backed Securitisation 2022 – 1ST1 PLC RMBS (TABS7). Highlights · £499.4m 1st charge only RMBS – Seventh successful RMBS since 2017 – …
Caledonia Mining buys Bilboes Gold Limited in a share exchange deal
LONDON, UK: Caledonia Mining Corporation Plc has signed an agreement to purchase Bilboes Gold Limited, the parent company which owns, through its Zimbabwe subsidiary, Bilboes Holdings (Private) Limited, the Bilboes gold project in Zimbabwe for a total consideration of 5,123,044 Caledonia shares representing approximately 28.5 per cent of Caledonia’s fully diluted equity, and a 1…
Guild Esports signs sponsorship agreement with The Coca-Cola Company
LONDON, UK: Guild Esports (LSE: GILD), a global team organisation and lifestyle brand, announced the signing of a one-year global sponsorship deal with The Coca-Cola Company. The world’s premier soft drinks company and iconic brand is the sixth sponsor signed by Guild and becomes the Company’s Official Soft Drinks & Hydration Partner with effect from…
Spanish Government approves merger of Family Zone and Qustodio
SYDNEY, AUSTRALIA: On May 2, 2022, Family Zone announced an agreement to acquire global parental controls leader Qustodio subject to a number of pre-completion conditions. “We are pleased to confirm that the final condition being the Spanish Government’s Council of Ministers approval has been received, approving the transaction. Accordingly, with no conditions remaining, completion is…