SYDNEY, AUSTRALIA: Telstra will invest $1.6 billion approximately in two major telecommunications infrastructure projects to support the nation’s digital economy and enable unprecedented levels of connectivity across Australia. The two distinct projects are: • Building and managing the ground infrastructure and fibre network in Australia for Viasat, a global communications company. This program will support…
Challenger Limited sells 30% stake in Whitehelm Capital for €32mn
SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) has sold 30% equity interest in Whitehelm Capital, a Fidante Partners infrastructure affiliate manager, to PATRIZIA AG for €32 million. The sale consideration will be paid in cash from PATRIZIA. “The sale provided a unique and compelling opportunity for Challenger to deliver value to Challenger’s shareholders whilst ensuring continuity…
CO2 Capsol & HZI sign MoU on carbon capture for waste to energy industry
OSLO, NORWAY: CO2 Capsol and Hitachi Zosen Inova (HZI) – a Swiss Japanese greentech company – have signed a Memorandum of Understanding (MoU) to collaborate on initiatives to implement CO2 Capsol´s Hot Potassium Carbonate carbon capture technology on Waste to Energy (WtE) plants. Plant operators and key players in the WtE industry are increasingly looking…
Pythagoras Theorem and its Relationship With the Right Angled Triangle
We come across the concept of the Pythagoras theorem in various chapters of mathematics. It is a very important concept especially in the chapter on trigonometry. Pythagoras theorem is also sometimes referred to as Pythagorean theorem. Pythagoras theorem tells us that the sum total of the squares of the two sides of a right-angled triangle…
Jason Rupert joins Pushpay Holdings as Chief Growth Officer
AUCKLAND, NEW ZEALAND: Jason Rupert will join Pushpay Holdings’ executive team as Chief Growth Officer, effective 14 February 2022. As Chief Growth Officer, Jason Rupert will lead the go-to-market functions of the business, including the sales and marketing teams, and support the development and execution of Pushpay’s growth strategy. Pushpay’s CEO, Molly Matthews said, “We…
Boursorama to offer banking solution to ING’s retail customers in France
PARIS, FRANCE: ING and Societe Generale announced that a Memorandum of Understanding was signed on 31 January between ING and Boursorama (subsidiary of Societe Generale) to offer banking solutions to ING’s retail customers in France. The intention of both parties is to reach a definitive agreement in April 2022 at the latest. The exact scope…
Elkem takes 100% ownership of Salten energy recovery plant
OSLO, NORWAY: Elkem, provider of advanced material solutions, has secured 100% ownership of the Elkem Salten energy recovery plant, after acquiring the remaining 50% stake from Kvitebjørn Energi. The transaction is attractive to Elkem and provides increased strategic flexibility. On 15 November, Prime Minister Jonas Gahr Støre opened the new energy recovery plant at Elkem…
Henry Boot completes £25m residential land sale
LONDON, UK: Henry Boot’s land promotion business, Hallam Land Management (HLM), has completed the residential land sale of 760 plots to national housebuilder Barratt Developments and Vistry Partnerships for a total price of £25m. The 125-acre site, located in Bridport, West Dorset, was contracted under a Planning Promotion Agreement in 2009. HLM then worked with…
GB Group acquires IDV & AML solutions firm, Cloudcheck for £10 million
LONDON, UK: GB Group plc (AIM: GBG) has acquired Cloudcheck, a leading provider of electronic Identity Verification (IDV), and Anti-Money Laundering (AML) solutions in New Zealand. The upfront consideration payable to the vendors of Cloudcheck is NZ$20 million (approximately £10 million) comprising of an NZ$12 million cash payment and the issuance of NZ$8 million of…
Quadrise Fuels appoints Andy Morrison as Non-Executive Chairman
LONDON, UK: Quadrise Fuels International announced the appointment of Andy Morrison as Non-Executive Chairman with immediate effect. Andy is a director of growth businesses with almost forty years of experience encompassing major multi-national corporations and junior public companies. Andy began his career at Royal Dutch Shell, where he spent 17 years in their oil products…
Alex Hoctor-Duncan appointed CEO of RMG
LONDON, UK: River and Mercantile Group PLC (RMG) today announced that Alex Hoctor-Duncan has been appointed as CEO of RMG to lead the refocussed group as a specialist asset manager. River and Mercantile is an investment group specialising in fiduciary management, investment consulting, derivatives management and investment management. www.riverandmercantile.com
Kingswood Holdings acquires Allotts Financial Services for £2.5mn
LONDON, UK: Kingswood Holdings Limited (AIM: KWG) has acquired Allotts Financial Services Limited (AFS) for total cash consideration of up to £2.5m, payable over a two year period, £1.25m will be paid at closing and the balance paid on a deferred basis, some of which is subject to the achievement of pre-agreed performance targets. AFS…