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…
Drake & Scull Financial Reorganization Committee (FRC) process completed
DUBAI, UAE: Drake & Scull International PJSC (DSI) announced that the company’s management has been notified by the Financial Reorganization Committee (“FRC”) that the restructuring plan is officially completed. With the support of the FRC appointed expert, the Company was able to reach settlements with a number of creditors, and thereby achieved the required voting…
Akobo Minerals lay the foundation stone for its Segele mine in Ethiopia
OSLO, NORWAY: Akobo Minerals has performed a ceremony to lay the foundation stone for its Segele mine in Ethiopia. This marks the start of the company’s next phase towards mining and gold production. Initial production is expected to commence by the end of 2022, ramping-up into 2023. Once fully operational, the company estimates an annual…
Accsys finalizes investment in $136mn Accoya production facility in USA
AMSTERDAM: Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create sustainable wood building products, has concluded a final investment decision to construct and operate a new Accoya production facility in the USA, a statement noted. Final Investment Decision Accsys and Eastman Chemical Company have completed the remaining planning workstreams required and…
AI software company, Elliptic Labs uplisted to the Main List of Oslo Bourse
OSLO, NORWAY: Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in Virtual Smart Sensors, has been uplisted to the main list of the Oslo Stock Exchange (OSE). Elliptic Labs has traded on the Euronext Growth trading platform in Oslo since October, 2020. “Joining the main listing at the OSE is…