LONDON, UK: Atrato Onsite Energy, a new closed-ended investment company established to invest in a diversified portfolio of onsite renewable energy assets, intends to launch an initial public offering (IPO). Atrato Onsite Energy is seeking to raise target gross issue proceeds of £150 million through the issuance of new ordinary shares in the Company by…
EIG agrees to but 10% stake in Australia Pacific LNG for $1.59bn
WASHINGTON: EIG has entered into a definitive agreement to acquire a 10% interest in Australia Pacific LNG Pty Limited (APLNG) from Origin Energy Limited for an equity purchase price of $1.592 billion. “This innovative agreement represents the first ever acquisition of an interest in an operational integrated LNG project by a private equity sponsor, a…
Creso Pharma to acquire ImpACTIVE in a shares exchange transaction
SYDNEY, AUSTRALIA: Creso Pharma Limited has entered into an asset purchase agreement to acquire the ImpACTIVE through a newly incorporated Creso subsidiary, Creso ImpACTIVE Ltd. This allows Creso Pharma to significantly strengthen its North American footprint and leading range of CBD products. Under the Agreement, Creso Pharma will acquire the ImpACTIVE Assets for C$200,000 payable…
Jennifer Moris to join Liontown Resources’ Board at AGM
SYDNEY, AUSTRALIA: Liontown Resources Limited announced that highly-regarded company director Jennifer Morris has agreed to join the Company’s Board and seek election as an independent Non-Executive Director at the Annual General Meeting to be held on 24 November 2021. The appointment will add further experience, independence and diversity to Liontown’s Board as it continues on…
James Brennan appointed as new CEO of Linius Technologies
MELBOURNE, AUSTRALIA: Linius Technologies Limited announce the appointment James Brennan as new Chief Executive Officer (CEO) and Clive Malcher as Chief Technology Officer (CTO). James Brennan is a highly regarded product and go-to-market strategist and joins Linius Technologies as CEO at a time where the Company has commercialisation opportunities across multiple sectors for its unique…
SRG Global appoints Amber Banfield on the board
SYDNEY, AUSTRALIA: SRG Global Ltd has strengthened its Board of Directors with the appointment of Ms Amber Banfield to the role of Non-Executive Director and member of the Audit Committee, effective from 25 October 2021. Amber brings valuable experience in transformational growth supporting the customers, markets and sectors serviced by SRG Global, as well as…
Telstra partners Australian Gov’t to acquire Digicel Pacific for $1.6bn
SYDNEY, AUSTRALIA: Telstra partnered with the Australian Government to acquire the Digicel business in the South Pacific region for US$1.6 billion. Moreover, an additional US$250 million to be paid subject to business performance over the next three years. The Digicel business will be owned and operated by Telstra. Telstra is contributing US$270 million of equity…
GFH Financial signs investment partnership with Schroders Capital
MANAMA, BAHRAIN: GFH Financial Group has entered into a strategic partnership with Schroders Capital to invest in select private equity and venture capital deals on a discretionary basis. Schroders Capital has US$70 billion of assets under management and is the private markets investment division of Schroders, the global asset management group with US$968 billion of…
Nakilat and Karpowership to jointly own and operate Floating Storage Regasification Units
DOHA, QATAR: Nakilat and Karpowership have signed a Memorandum of Understanding (MoU) to collaborate in the LNG-to-power market and jointly own and operate Floating Storage Regasification Units (FSRUs). Nakilat’s Chief Executive Officer Eng. Abdullah Al-Sulaiti said: “We are very pleased and excited to sign this agreement with Karpowership today. This fits very well with Nakilat’s…
American Road Insurance Company has a stable outlook
DEARBORN, MICHIGAN: The American Road Insurance Company (TARIC) is part of an insurance holding company system wholly owned by Ford Motor Credit Company. It operates as a property and casualty insurance company. Global insurance rating agency, AM Best affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent)…
Aldar to create 1,000 jobs for UAE nationals by 2026
ABU DHABI, UAE: Aldar Properties will create employment opportunities for 1,000 UAE nationals over the next five years in line with the ambitious Emiratisation goals set out in the UAE’s ‘Projects of the 50’ initiative. The announcement reaffirms the company’s commitment to increase Emiratisation levels in the private sector and develop the next generation of…
Rio Tinto, BHP and Fortescue collaborate to create safer workplaces
MELBOURNE, AUSTRALIA: Rio Tinto, BHP and Fortescue Metals Group have agreed to partner and fund programs as part of a continued commitment towards creating safer workplaces that are free from sexual harassment, bullying and racism. Through this partnership, Rio Tinto, BHP and Fortescue will fund and contribute to the design, build and implementation of new…