STOCKHOLM, SWEDEN: International Petroleum Corporation (IPC) has raised $300 million through a bond issue, as the Lundin Group’s company explores diverse sources of funding to capitalize on the next phase of the energy transition in the upstream oil and gas industry. IPC announced it completed a private placement of USD 300 million of senior unsecured…
Air Liquide to setup 350 tonnes/day Air Separation Unit in Uttar Pradesh
PARIS, FRANCE: Air Liquide will setup a new Air Separation Unit (ASU) having 350 tonnes/day production capacity with an investment of Euro 40 million, dedicated to Industrial Merchant activities in Kosi, in the state of Uttar Pradesh, Northern India. This unit will have a production capacity of 350 tonnes per day, with a maximum of…
ContourGlobal’s subsidiary sells Brazil hydro business for $313mn
LONDON, UK: Kani Lux Holdings, a majority-owned subsidiary of ContourGlobal plc, has signed a definitive agreement with Pátria Investments to sell its Brazilian hydro power plants (Brazil hydro business) for a total cash consideration of 1.73 billion BRL ($313 million USD) including the assumption of net debt and other customary adjustments. The transaction is expected…
Good Energy Group sells renewable generation portfolio for £24.5mn
LONDON, UK: Good Energy Group announced the disposal of its 47.5MW renewable generation asset portfolio as part of an ongoing strategic shift to energy and mobility services. Company had appointed KPMG LLP to lead a sale process for the Company’s entire 47.5MW generation portfolio. Following a competitive process, the disposal of the portfolio has been…
GSTechnologies acquires Lithuanian Crypto Exchange Licence
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into a legally binding Sale and Purchase Agreement to acquire the whole of the issued share capital of UAB Glindala, a holder of a Crypto Currency Exchange Licence registered in Lithuania, for a total cash consideration of €27,500. Glindala’s Crypto Currency Exchange Licence is supervised by the…
Hercules Site Services intends to float on AIM Market
LONDON, UK: Hercules Site Services plc, a leading technology enabled labour supply company for the UK infrastructure sector, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. Hercules Site Services is seeking to raise approximately £5.5 million to rapidly deliver on the significant demand…
Marlowe signs deal to acquire Optima Health Group for £135mn
LONDON, UK: Marlowe Plc, the leader in business-critical services and software, has entered into a binding agreement to acquire Optima Health Group Limited for £135 million. Marlowe also announced a proposed placing to raise gross proceeds of c.£130 million through the issue of new ordinary shares of 50 pence each to new and existing investors….
Walmart invites Indian sellers to expand overseas via Its U.S. marketplace
BENTONVILLE: Walmart is now inviting select Indian sellers to apply to join Walmart Marketplace, a curated sellers community that serves more than 120 million U.S. shoppers each month. This initiative expands on over 20 years of Walmart’s engagement with Indian exporters. India is already one of Walmart’s top sourcing markets, and the company has set…
BetMakers appoints Christian Stuart as CEO of North America
SYDNEY, AUSTRALIA: BetMakers Technology Group announced the appointment of Christian Stuart in the key role of Chief Executive Officer of North America. For the past 16 years, Christian has been a frontrunner in the US gaming industry, holding executive leadership positions with Caesars Entertainment Inc., the largest gaming company in the U.S. Christian’s previous roles…
PetroTal commences trading on the OTCQX Market
CALGARY, CANADA: PetroTal Corp. has upgraded from the Pink market to the OTCQX Best Market in the U.S. and commenced trading under the ticker symbol PTALF. The OTCQX Best Market provides investors with a premium U.S. public market and is the highest tier on which over 11,000 U.S. and global securities trade. Upgrading to the…
Fondul Proprietatea selling upto 2.85bn shares in OMV Petrom
LONDON, UK: Franklin Templeton International Services, in its capacity of alternative investment fund manager (FTIS) of Fondul Proprietatea S.A. has launched an accelerated bookbuild offering of up to 1.7 billion ordinary shares, plus an upsize option of further up to 1.15 billion ordinary shares held by the Fund in OMV Petrom S.A. OMV Petrom S.A….
STRING to pioneer the green transition of road transport
OSLO, NORWAY: To solve the issue of fuelling infrastructure, STRING members and six private companies initiated a cross border public/private partnership to invest in a series of hydrogen fuelling stations, with the help of EU funding. STRING is a membership organisation that connects local governments from Germany, Denmark, Sweden and Norway, to collaborate on cross-border…