OSLO, NORWAY: SpareBank 1 SR-Bank is taking over a corporate customer portfolio of around NOK 5.6 billion from Swedbank and entering a partnership that will result in greater growth and a stronger offer for the customers, a statement said. “The divestment and the partnership will enable us to strengthen the focus on our core business,…
MD of Tertiary Minerals Patrick Cullen resigns
LONDON, UK: Tertiary Minerals plc (LON: TYM), the AIM traded mineral exploration and development company, advised that it has received and accepted a letter of resignation from its Managing Director, Mr. Patrick Cullen, effective 20 June 2022. The Company will seek to recruit a replacement Managing Director, with Mr. Cullen’s responsibilities being assumed by other…
DBAY Advisors increase stake in SQLI
PARIS, FRANCE: Synsion BidCo, a company controlled by DBAY Advisors, has increased its stake in SQLI by acquiring a block held by the Nobel fund representing 5.6% of SQLI’s capital. DBAY Advisors, which already held 66.8% of the capital of SQLI, will hold 72.4% of the capital following this acquisition. This acquisition is made through…
Oracle Energy signs MoU with Jiangsu Guofu for green hydrogen project in Pakistan
LONDON, UK: Oracle Energy Limited has signed a non-binding Memorandum of Understanding (MoU) with Jiangsu Guofu Hydrogen Energy Equipment Co. to jointly explore hydrogen storage and hydrogen refuelling infrastructure opportunities as a part of Oracle Energy’s 400MW green hydrogen project in Pakistan. Naheed Memon, CEO of Oracle, commented: “This is another big leap forward in…
Q-Bot Limited secures £1.6mn investment to fund growth
LONDON: NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group announces that portfolio company Q-Bot has successfully closed a £1.62 million investment round to fund the next stage of its growth. The additional funds will allow Q-Bot to accelerate the rollout of its unique patented solution of using robots…
Teaminvest Private Group acquires Julia Lee’s Burman Invest
SYDNEY, AUSTRALIA: Teaminvest Private Group Limited (ASX:TIP) has acquired Burman Invest, the retail fund manager founded by Julia Lee. Julia Lee is a well-known market commentator, who regularly appears on Bloomberg, CNBC, ABC, Sky and Sunrise. Lee, who is also on the board of directors of the Australian Stockbrokers Foundation, will be moving from her…
David Hutton appointed MD and CEO of Rimfire Pacific Mining
SYDNEY, AUSTRALIA: Rimfire Pacific Mining Ltd (ASX: RIM) announced the appointment of Mr David Hutton as Managing Director and Chief Executive Officer (MD and CEO) of the Company, effective 15 June 2022. As advised on 7 February 2022, David has been supporting the Company in a part-time executive role during a period of management transition….
Bavarian Nordic enters Monkeypox vaccine supply contract with HERA
COPENHAGEN, DENMARK: Bavarian Nordic A/S announced today that the European Health Emergency Preparedness and Response Authority (HERA) has ordered 110,000 doses of MVA-BN smallpox/monkeypox vaccine, which will be made available to EU Member States, Norway and Iceland in response to the current monkeypox outbreak. Established by the European Commission in September 2021, HERA’s purpose is…
Atos sells shareholding in Worldline for €220 million
PARIS, FRANCE: Atos has completed the sale of its entire stake in Worldline of ca. 7.0 million shares representing ca. 2.5% of Worldline’s share capital. The sale was carried out by way of an accelerated book building to institutional investors. Atos has concomitantly entered into a derivative transaction to hedge its residual exposure to Worldline’s…
Fintel and M&G plc sign long term strategic distribution partnership
LONDON, UK: Fintel (AIM: FNTL), the leading provider of Fintech and support services to the UK retail financial services sector, announced that M&G plc has become the latest partner to commit to a multi-year agreement for its Managed Distribution Service (MDS), with the agreement covering M&G’s retail and savings business, primarily Pru UK, and M&G…
Unibail-Rodamco-Westfield to sell Almere Centrum in The Netherlands for €155mn
AMSTERDAM: Unibail-Rodamco-Westfield (URW) announced an agreement with a group of private investors led by the UMB Group for the sale of Almere Centrum in The Netherlands. The Net Disposal Price of €155 Mn is in line with the last appraisal value. Almere Centrum is an 87,000 sqm high-street retail asset located in the city centre…
MJ Hudson signs strategic partnership with Cork Gully
LONDON, UK: MJ Hudson, the end-to-end solutions provider to the asset management industry, announced a new strategic partnership with leading restructuring practice, Cork Gully, providing MJ Hudson and its clients with access to the growing market for private markets fund restructurings and further extending the full-service solutions provided by the Group. Pursuant to this partnership,…