AUCKLAND, NEW ZEALAND: The first quarter of this year is shaping up to be a busy one for Scott Mining, the mining division of automation and robotics solutions provider, Scott Technology Limited (NZX: SCT), as the business continues making waves in the Australian mining sector. This month marks two years since Rio Tinto awarded Scott…
MMA Offshore sells vessel MMA Leveque to FFI for $7.75mn
SYDNEY, AUSTRALIA: MMA Offshore Limited has completed the sale of the vessel MMA Leveque to a subsidiary of Fortescue Future Industries (FFI) for $7.75 million. FFI plans to convert the vessel to dual fuel with the objective of operating almost totally on green ammonia. The vessel will join FFI’s prototype trucks, locomotives, drill rig and…
De.mem Ltd signs deal to acquire Stevco Seals & Pumps Victoria
SYDNEY, AUSTRALIA: Australian-Singaporean water and waste-water treatment company De.mem Ltd (ASX: DEM) has signed a binding agreement to acquire 100% in the shares of Stevco Seals & Pumps Victoria Pty Ltd. Consideration will be $1.25 million in cash and $250,000 in DEM shares, plus an additional $180,000 in cash and $30,000 in shares for Stevco’s…
A Complete Penetration Testing Guide with Simple Tips
Penetration testing, more commonly called pen testing, is a simulated cyber-attack against one’s own computer, in order to test for vulnerabilities in one’s computer system. It is typically used by professionals that work in cyber security, but it can be used by people in other industries and professions. Many people find that pen testing is…
Tracey Graham will step down from the Royal London Board
LONDON, UK: Royal London today announced that Tracey Graham will step down from the Royal London Board on 22 March 2022. Tracey was first appointed in March 2013 and has served for nine years, the maximum tenure for an independent non-executive director. Commenting on Tracey’s departure, Kevin Parry OBE, Chairman of Royal London said: “During…
Gresham House sells entire 23.7% shareholding in Rockwood Realisation plc
LONDON, UK: Gresham House plc, the specialist alternative asset manager, announced the disposal of its entire 23.7% shareholding in Rockwood Realisation plc (RKW). Gresham House Asset Management had previously managed the fund, formerly known as Gresham House Strategic plc (GHS), for six years from 2015. A change of manager was announced in October 2021, and…
Lucky Cement commissioned 660MW super critical coal-fired plant in Karachi
KARACHI, PAKISTAN: Lucky Electric Power Company Limited (LEPCL), a wholly owned subsidiary of Lucky Cement, has successfully commissioned its 660 MW super critical, lignite coal-based power plant at Deh Ghangiaro, Bin Qasim, Karachi. “The power plant was synchronized with the national grid towards the end of CY 2021 and since then has been involved in…
PZ Cussons acquires 92% interest in Childs Farm for £36.8mn
LONDON, UK: PZ Cussons plc has acquired the entire issued share capital of Childs Farm. Childs Farm is the UK’s favourite baby & child toiletries brand based in Basingstoke, Hampshire, where it employs 35 staff. Founded by mum of two, Joanna Jensen, as a solution to her own daughters’ sensitive and eczema prone skin, the…
Tufton Oceanic buys Handysize Bulker for $25.5mn
OSLO, NORWAY: The Board of Tufton Oceanic Assets Limited has agreed to acquire a Handysize Bulker for $25.5 million. It is being acquired slightly above DRC but the strong cash flows from its charter will significantly de-risk the investment. The vessel has a fixed rate time charter of nine to twelve months producing a net…
Pantheon to invest €43mn in European transport and logistics sector
LONDON, UK: Pantheon Infrastructure Plc has agreed to invest €43 million in a European transport and logistics company through Pomodoro Holdings Limited, a company controlled by funds managed by affiliates of Apollo Global Management Inc. Apollo is a leading global alternative investment firm with a successful track record in the transport and logistics sector. This…
Energy Steel awarded a $4.1mn contract from Nuclear Waste Partnership
LONDON, UK: Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced Energy Steel has been awarded a $4.1 million contract from Nuclear Waste Partnership LLC. Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans plc and leader…
Kibo Energy signs deal to acquire Brownhill International Limited
LONDON, UK: Kibo Energy (AIM: KIBO) has signed a Share Purchase Agreement (SPA) to acquire the Victoria Falls Solar Park project in Zimbabwe from Broomfield International Limited. Kibo Energy will acquire 100% of the issued share capital of Brownhill International Limited and shareholder loan claims against Brownhill, which holds the Project through its wholly owned…