SYDNEY, AUSTRALIA: Midway Limited announced its new Managing Director and Chief Executive Officer, Tony McKenna, has commenced work with the company. Mr McKenna’s appointment follows the decision of the previous Managing Director and Chief Executive Officer, Mr Tony Price, to step down after six years in the role so that he can pursue non-executive roles….
Bahrain Steel achieves record production of iron-ore pellets in 2021
MANAMA, BAHRAIN: Bahrain Steel, a subsidiary of Foulath Holding, successfully reached record production of 12 million tons of iron-ore pellets in 2021. Bahrain Steel is a leading producer and global supplier of high grade iron-ore pellets. Bahrain Steel already contributes more than 4% of GDP and 25% to the country’s non-oil exports as well as…
TotalEnergies Withdraws from Myanmar
PARIS–(BUSINESS WIRE)– Following the coup of 1st February 2021 in Myanmar, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has firmly condemned on several occasions the abuses and human rights violations taking place there. Since then, our company’s decisions have been guided by clear principles: to halt all our ongoing projects, but to continue to produce gas from the…
Intel plans $20bn chip manufacturing plant in Ohio
SAN FRANCISCO: Intel has selected Ohio for a new chip manufacturing complex that would cost at least $20 billion, company said. Intel said the new site near Columbus would initially have two chip factories and would directly employ 3,000 people, while creating additional jobs in construction and at nearby businesses, a person with knowledge of…
Hg announces additional investment into Lyniate
LONDON, UK: Hg, the Manager of HgCapital Trust plc (HGT), announced an additional investment into Lyniate, a leader in healthcare data interoperability. The terms of the transaction are not disclosed. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg’s investments. The transaction…
Avinor postpones construction of new airport in Bodø by one year
OSLO, NORWAY: Avinor has decided to postpone the decision on whether to build a new airport in Bodø by 12 months. This means that the new airport could be commissioned in the second half of 2029. The project cost is NOK 6.6 billion. “The new Bodø airport is very important to Avinor, the defence sector…
Serge Crasnianski’s Tibergest to acquire Photo-Me for 75 pence/share
LONDON, UK: Tibergest PTE Ltd, a company wholly-owned by Serge Crasnianski, has offered to acquire all shares in Photo-Me, not already held by Tibergest and Crasnianski, at a price of 75 pence/share. The offer values the entire issued and not to issued share capital of Photo-Me at £284.5 million. Meanwhile, Tibergest PTE Ltd has agreed…
Tekna to consolidate all European additive manufacturing in France
ARENDAL, NORWAY: Tekna Holding, the world-leading provider of advanced materials to industry, announced the consolidation of its additive manufacturing powder production in Europe at a new facility in Pont-de-Veyle, in eastern France. Tekna has signed a nine-year lease agreement on the facility, which will strengthen the company’s supply chain resilience in Europe. The 8,000 m2…
HYON expresses intention to list on Euronext Growth
OSLO, NORWAY: HYON AS, the provider of zero-emission maritime hydrogen bunkering solutions, announced the successful completion of a private placement of NOK 50 million, valuing the company at NOK 130 million. The company has an intention to have its shares shortly admitted to trading on Euronext Growth. “The private placement was oversubscribed and attracted strong…
88 Energy commences trading on the US OTCQB
LONDON, UK: 88 Energy Limited’s shares are now listed for trading under the code EEENF. The OTCQB Venture Market is for entrepreneurial and development stage US and international companies. Company’s primary listing will continue to be the Australian Securities Exchange (ASX), with its secondary listing on the AIM market of the London Stock Exchange (AIM)…
Tikehau Capital’s Pegasus Asia raises S$170mn in Singapore IPO
PARIS, FRANCE: Tikehau Capital, the global alternative asset management group, announced that Pegasus Asia – its first SPAC to be listed in Singapore – has successfully raised S$170 million (equivalent to c. €111.2 million2) in its initial public offering. Similar to Pegasus Europe and Pegasus Entrepreneurs launched in 2021, Pegasus Asia was launched by Tikehau…
Jiangsu to make four car carrier vessels for Höegh Autoliners
OSLO, NORWAY: Höegh Autoliners ASA has entered into a contract with China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for four fixed and eight optional multi-fuel and zero-carbon ready Aurora class vessels. Under the terms of the contract, the first two vessels will be delivered in the second half of 2024 and the next two…