LONDON, UK: MBH Corporation has agreed to the terms for the acquisition of Approved Air Ltd in the UK, as the most recent step in its extensive acquisition drive. Subject to regulatory approval, Approved Air will be part of MBH’s Engineering vertical business line. With this acquisition and the continued diversification of companies becoming part…
Vitol Bahrain, QP Trading offer LNG to Pakistan at up to $30.65/mmbtu
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on November 02, 2021 for two LNG cargoes. Vitol Bahrain has offered the lowest of $29.89/mmbtu for the November 19-20 delivery, while QP Trading has offered the lowest of $30.65/mmbtu for…
Welsh Water on track to generate record levels of green energy
Dŵr Cymru Welsh Water, the only not-for-profit utility company in Wales and England, has today announced that it has invested £153 million in the past six months on projects that will not only improve services for customers but will also help tackle the climate change crisis. As part of its £1.8 billion investment plan for…
Medicover acquires CDT Medicus Group in Poland for EUR 54mn
STOCKHOLM, SWEDEN: Medicover AB has signed an agreement to acquire CDT Medicus Group (CDT), a leading regional provider of medical services operating in the South Western Polish region of Legnicko-Glogowski Okreg Miedziowy (LGOM). Medicover acquires 100 per cent of the voting rights for EUR 54 million including assumed debt. The transaction value implies a low…
Virbac buys remaining 34% stake in Centrovet group for $43.7mn
PARIS, FRANCE: Virbac, an animal health pharmaceutical company, has bought 34% of the shares of the Centrovet group, thus increasing its stake to 100%. The consideration paid for the acquisition of this stake is US $43.7 million, paid in full and in cash upon closing, to which will be added, if applicable, an additional consideration…
Airtel’s Smartcash gets payment service bank licence in Nigeria
LONDON, UK: Airtel Africa, a leading provider of telecommunications and mobile money services with a presence in 14 countries across Africa, announced that its subsidiary SMARTCASH Payment Service Bank Limited (Smartcash) has been granted approval in principle to operate a payment service bank business in Nigeria. Final approval is subject to the Group satisfying certain…
Litera secures further investment from Hg
LONDON, UK: Litera, a global leader in legal technology solutions, announced that Hg, a leading software and services investor and supporter of the expansion of Litera since 2019, will lead a further investment in the business. Following this new investment, Litera will be well-positioned to continue on its long-term growth trajectory, receiving funding for further expansion into…
Stelrad Group prices IPO at 215 pence per share
LONDON, UK: Stelrad Group announces the successful pricing of its initial public offering (IPO) at 215 pence per Ordinary Share. Based on the Offer Price, the Company’s total market capitalisation at the commencement of conditional dealings on the main market of the London Stock Exchange will be approximately £274 million. Trevor Harvey, Chief Executive of…
Matthew Coulson appointed CEO of M.P. Evans Group
LONDON, UK: The board of M.P. Evans Group announced that, with effect from 1 January 2022, Matthew Coulson will take up the role of chief executive. At the same time, Peter Hadsley-Chaplin will relinquish the responsibilities of chief executive, continuing in his role as executive chairman. Matthew joined the Group in 2016 as CFO and…
Aker, Ocean Winds & Statkraft unite to develop floating offshore in North Sea
OSLO, NORWAY: Aker Offshore Wind, Ocean Winds, and Statkraft have signed a collaboration agreement to bid for, develop, construct, and operate offshore wind and associated infrastructure for the Utsira Nord license area in Norway. The equal partnership will submit an application to the Norwegian authorities for the development of a commercial scale floating offshore wind…
BlueScope buys steel recycling business of MetalX for $240mn
SYDNEY AUSTRALIA: BlueScope has entered into a binding agreement to buy the ferrous scrap steel recycling business of MetalX LLC. It is the leading supplier of scrap feed to its Ohio-based mini-mill business, North Star BlueScope Steel. BlueScope will pay US$240 million to acquire two of MetalX’s operating sites which are located in Indiana and…
Chief Operating Officer Sanford Limited, Clement Chia resigns
AUCKLAND, NEW ZEALAND: Sanford Limited announced the resignation of its Chief Operating Officer, Clement Chia. CEO Peter Reidie says he has accepted Mr Chia’s resignation with regret, after he has served on Sanford’s executive team for seven years. “Clement has been a strong and highly valued contributor to our business since he joined Sanford in…