LONDON, UK: Henry Boot PLC announced that its property investment and development business, HBD, alongside its 50:50 joint venture partner, Greater Manchester Pension Fund (GMPF), has commenced on the Island, a £66m GDV speculative office development. Located in a key site in Manchester city centre’s prime core, Island will see the sustainable redevelopment of a…
Audioboom launches strategic partnership in New Zealand
LONDON, UK: Audioboom (AIM: BOOM), the leading global podcast company, announced the continued expansion of Showcase, its automated advertising marketplace, through a strategic partnership with NZME in New Zealand. NZME, the leading radio and digital media company in New Zealand, will monetise Audioboom’s 8,000 content channels in Showcase in their role as the exclusive advertising…
Fitch Ratings has changed Inter RAO credit rating
MOSCOW, RUSSIA: Public Joint Stock Company “Inter RAO UES” (“Inter RAO”, “Company”, ticker on MOEX: IRAO), the largest diversified utilities holding in Russia, announced that on March 04, 2022 independent rating agency Fitch Ratings (Fitch Ratings CIS Ltd.) has changed corporate credit rating of PJSC “Inter RAO” from ‘BBB’ with the “stable” outlook to ‘B’ with the “negative”…
Ilya Shirokobrod appointed CEO of Raspadskaya Coal Company
LONDON, UK: EVRAZ plc (LSE: EVR) announced that Ilya Shirokobrod, currently EVRAZ Vice President, Sales and Logistics, will be appointed CEO of Raspadskaya Coal Company (hereafter – “RCC”, which manages the coal business of PJSC Raspadskaya – hereafter “Raspadskaya”). Also, Mr Shirokobrod will join the Board of Directors of Raspadskaya. Andrey Davydov will continue to…
MSCI ESG Ratings downgrades Polyus’ ESG Rating from ‘A’ to ‘B’
LONDON, UK: PJSC Polyus (LSE: PLZL) notes that MSCI ESG Ratings has downgraded the Company’s ESG Rating from ‘A’ to ‘B’ as part of a series of ESG Ratings downgrades for Russian companies and will continue to assess these companies’ ratings on an ongoing basis. MSCI ESG Ratings announced that it has applied an ESG…
600 Group to dispose of Group’s Machine Tool Solutions Division for $21mn
LONDON, UK: The 600 Group PLC (AIM: SIXH), the diversified industrial engineering company, and certain other Group companies have entered into a conditional sale and purchase agreement with Timesavers Acquisition LLC relating to the disposal of the entire issued share capital of each of 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd and…
Totally plc acquires Pioneer Health Care Limited for £13mn
LONDON, UK: The Board of Totally plc (AIM: TLY) has entered into an agreement to acquire the entire issued share capital of Pioneer Health Care Limited, an established independent provider of specialist NHS secondary care services. The total consideration for the acquisition is up to £13.0 million, on a cash-free and debt-free basis. The Consideration…
Volex plc acquires 51% stake in inYantra Technologies for $8.0mn
LONDON, UK: Volex plc (AIM: VLX), the global supplier of integrated manufacturing services and power products, announced a 51% majority equity investment in inYantra Technologies Pvt Ltd for $8.0 million and the purchase of 13.5 acres of industrial land, which includes 3.5 acres of land and the operational buildings used by inYantra, in Pune, India…
Ricardo plc signs agreement to acquire Inside Infrastructure
LONDON, UK: Ricardo plc, a world-class environmental, engineering, and strategic consulting company, has signed an agreement to acquire Inside Infrastructure, a privately held consultancy business based in Adelaide, Australia, for an undisclosed consideration. The agreement includes the acquisition of the entire business, operating assets, and employees, and will expand Ricardo’s environmental capabilities across Australia. Inside…
Eurazeo to sell its 47% stake in Reden Solar based on a €2.5bn Enterprise Value
PARIS, FRANCE: Eurazeo has reached an agreement with Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG, to sell its 47% stake in Reden Solar, a leading European independent solar power producer, based on a €2.5bn Enterprise Value. Reden Solar is active across eight countries, with more than 750…
Yahsat and EDGE partner to equip NIMR vehicles with Interoperable Satellite Connectivity Solutions
ABU DHABI, UAE: Al Yah Satellite Communications Company PJSC (Yahsat) announced that its government division, Yahsat Government Solutions (YGS), has agreed with EDGE Group entity, NIMR, a leading manufacturer of combat-proven wheeled military vehicles, to line-fit pre-qualified Comms-On-The-Move (COTM) solutions (Interoperable Satellite Connectivity Solutions) on NIMR’s vehicular systems. The agreement was announced at the World…
Tabreed launches green financing framework
ABU DHABI, UAE: National Central Cooling Company PJSC (DFM: Tabreed) has announced the publication of a Green Financing Framework, which will help the company meet its commitments and finance new projects to support its business strategy and vision. The framework enables Tabreed to issue green bonds and loans, with the resulting net proceeds to be…