CAIRO, EGYPT: Telecom Egypt signed an agreement with the European Investment Bank (EIB) – the lending arm of the European Union – to secure a medium-term loan of € 150 million to expand Telecom Egypt’s 4G broadband network. The new developmental facility will be used to support Telecom Egypt in improving its mobile network coverage…
Neometals invests in US based battery start-up, Tyfast Energy Corp
LONDON, UK: Neometals Ltd (ASX: NMT) has invested $500,000 in a financing round for private US based battery start-up, Tyfast Energy Corp. Tyfast, a spin-out from the University of California San Diego, is focussed on developing a long life, fast-charging lithium battery that utilises a proprietary vanadium-based anode technology. The investment is by way of…
National Grid to sell 60% in UK gas transmission and metering business for £2.2bn
LONDON, UK: National Grid plc has agreed to sell a 60% equity interest in its UK gas transmission and metering business (NGG) to a consortium of long-term infrastructure investors. The consortium is comprised of Macquarie Asset Management, a global asset manager and the world’s largest infrastructure manager, and British Columbia Investment Management Corporation (BCI), one…
SDI Group acquires Safelab Systems Limited for £7.7 million
LONDON, UK: SDI Group plc announced the acquisition of Safelab Systems Limited, a UK manufacturer of fume cupboards. Total consideration is forecast to be approximately £7.7 million, net of cash acquired. Highlights: · Safelab produces high specification fume cupboards and similar cabinets, for both commercial and research laboratories and with a special focus on the…
Pantheon to invest £40mn in gas transmission & metering business
LONDON, UK: Pantheon Infrastructure, the listed global infrastructure fund, has agreed to invest approximately £40m alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60% stake in the UK gas transmission and metering business of National Grid. The business owns and operates the UK’s regulated national gas transmission system and an independent…
Media Tech SPAC acquires Drylab in Scandinavia
LONDON, UK: Media Tech SPAC plc, a company formed to undertake one or more acquisitions in the media and technology sectors, has entered into a definitive agreement to acquire 100% of the share capital of Drylab A/S, a leading film and TV production SaaS platform in Scandinavia. The acquisition is expected to complete in the…
UKGI sells shareholding in NatWest Group for £1.2bn
LONDON, UK: UK Government Investments Limited (UKGI) announced the successful completion of the disposal of part of Her Majesty’s Treasury’s (HM Treasury) shareholding in NatWest Group plc. The disposal was effected by way of an off-market purchase by the Company of 549,851,147 ordinary shares in the Company with a nominal value of £1.00 each, pursuant…
Hexagon Purus and CIMC Enric form partnership for investment in China
OSLO, NORWAY: Hexagon Purus and CIMC Enric announced the signing of investment agreements to establish a joint production facility in Shijiazhuang, Hebei and the CIMC-Hexagon New Energy Technologies management office and engineering hub in Beijing Daxing District International Hydrogen Development Zone. In addition, the Shijiazhuang and Beijing Daxing governments have made a strong commitment to…
SBTi approves Europcar Mobility Group’s emissions reduction targets
PARIS, FRANCE: Europcar Mobility Group (Paris:EUCAR) announces today that The Science Based Targets initiative (SBTi) has validated the corporate greenhouse gas emissions reduction targets submitted by the company, deemed to be in conformance with the SBTi Criteria and Recommendations. The SBTi’s Target Validation Team has classified the company’s scope 1 and 2 target ambition and has determined…
Infracorp lists $900 million green sukuk on London Exchange
MANAMA, BAHRAIN: Infracorp B.S.C., the infrastructure and sustainability arm of GFH, announced the issuance of a US$900 million Sukuk, the first-ever green sukuk issued by a Bahraini entity and has been listed on London Stock Exchange. This landmark transaction reflects Infracorp’s strategy to accelerate growth of sustainable infrastructure development across MENA and South Asia regions…
Al Salam Bank launches revamped Danat Savings Scheme for 2022
MANAMA, BAHRAIN: Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’, where cash prizes have been replaced with bars of gold. The revamped Danat Savings Scheme, which will start from April 2022 and end in March 2023, will give clients the…
Rana Gruber to be the first mining company to list on Oslo Stock Exchange
OSLO, NORWAY: The Norwegian iron ore producer Rana Gruber transfers its shares from Euronext Growth and lists on Oslo Stock Exchange. The company is the only mining company listed on the Oslo Stock Exchange’s main list and the second company located in Northern Norway. Rana Gruber is a Norwegian iron ore producer, which has been…