OSLO, NORWAY: A European multinational industrial company has chosen Zalaris for Payroll and Time Management services. Zalaris, the provider of payroll and HR solutions, signed a seven-year agreement with a leading European multinational industrial company to deliver Payroll and Time Management technology and outsourcing services for employees operating in Finland. The new agreement, which is…
Elopak & GLS Group India to build EUR 32mn packaging material plant in New Delhi
OSLO, NORWAY: Elopak ASA and GLS Group India are in the final stages of agreeing on a long-term strategic partnership to setup a packaging material production facility outside New Delhi, which would deliver sustainable packaging solutions to consumers across India. Elopak’s equity contribution to the joint venture is expected to be EUR 16 million in…
Phil Allen appointed Group Operations Director at coral Products
LONDON, UK: Coral Products plc announced that Philip (Phil) Allen has been appointed as Group Operations Director of the company with immediate effect. Coral Products plc is a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester. Mr. Allen brings with him a wealth of experience having worked in the…
SAE appoints Simon Hirst new CFO to drive the delivery of projects
LONDON, UK: SIMEC Atlantis Energy Limited SAE announced that Mr Simon Hirst has been appointed as an Executive Director of the Company and will serve as the Group Chief Financial Officer. Mr Hirst has worked at SAE since 2015 and has primarily been responsible for all financial and commercial aspects of the MeyGen project. Before…
musicMagpie to sell consumer electronic products on Back Market
LONDON: musicMagpie, a leading re-commerce business in the UK and US specialising in refurbished consumer technology, it has entered into a contract to sell consumer electronic products on Back Market, the online marketplace dedicated to refurbished devices. The launch of musicMagpie’s products will occur on the Back Market UK marketplace by the end of this…
Global Auto Carriers to buy four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard
OSLO, NORWAY: Gram Car Carriers ASA (GCC) announced the formation of Global Auto Carriers AS (GAC) for the purpose of ordering four 7,000 CEU dual fuel Pure Car Truck Carriers from China Merchants Jinling Shipyard (Weihai) Co., Ltd. GAC will hold options for an additional 2+2 vessels at the same yard. Global Auto Carriers AS…
Li3 to buy 50% stake in Premier African’s hard-rock lithium assets in Zimbabwe
LONDON, UK: Premier African Minerals Limited has signed a binding Joint Venture Agreement with Li3 Resources Inc., whereby Li3 Resources will acquire a 50% interest in Premier’s hard-rock lithium assets located in the Mutare Greenstone Belt in Zimbabwe. Premier African Minerals acquired these claims in June 2020. The assets are held by Premier’s wholly-owned subsidiary…
Scatec refinances wind power plant in Vietnam
OSLO, NORWAY: Scatec, a leading renewable energy solutions provider, has refinanced the USD 37 million of non-recourse project debt for the 39 MW wind power plant Dam Nai in Vietnam. With this refinancing, Scatec has achieved improved project return through a reduced interest margin and a covenant relief which allows for an immediate cash distribution…
AEW UK REIT to sell Eastpoint Business Park in Oxford for £37mn
LONDON, UK: AEW UK REIT plc (LSE: AEWU) has agreed terms to sell its office asset located in Eastpoint Business Park, Oxford for approximately £37 million. The agreed sale price represents a significant premium to the carrying value of the asset at 31 March 2022 and the Company received a number of offers at similar…
LondonMetric Property buys properties for £26.7 million
LONDON, UK: LondonMetric Property Plc has bought six London urban logistics warehouses in separate transactions for a total investment of £26.7 million, reflecting an anticipated blended initial yield of 4.3% and a reversionary yield of more than 4.5%. Three properties in Colliers Wood, Stratford and Stockwell have been acquired with vacant possession and will be…
Blackbird video study finds optimized cloud native production tools can transform inefficient workflows
LONDON, UK: Blackbird plc (AIM:BIRD), the technology licensor, developer and seller of the market-leading cloud native video editing platform, Blackbird, today announces the release of some data from the Company’s recent video industry study which finds the cloud is impacting production but the vast majority of workflows remain inefficient. However natively optimized production tools offer…
Saint-Gobain & Dalsan to merge their plaster and plasterboard activities in Turkey
LONDON, UK: Saint-Gobain and the Turkish group Dalsan have entered into a joint-venture agreement pursuant to which they will merge their plaster and plasterboard activities in Turkey. Together, Saint-Gobain Rigips and Dalsan Alçi generated revenues in excess of €100 million in 2021. They will benefit from a leadership position with an annual production capacity of…