LONDON, UK: Solid State plc (AIM: SOLI) announced that following a pre-qualification stage and a competitive tender process, BAE Systems has awarded Steatite Ltd, the manufacturing arm of Solid State Plc, a multi-million pound contract to design, develop and qualify computer consoles for maritime platforms. The multi-function use of the console will need to comply…
Georgia Capital completes first stage of disposal of water utility business
LONDON, UK: JSC Georgia Capital is disposing controlling interest in Georgia Global Utilities JSC (GGU) to FCC Aqualia for USD 180 million and the proposed demerger by GGU of its renewable energy business to JSC GCAP. GCAP announced that the disposal, the first stage in the proposed two-stage transaction, has completed today, and the full…
Sinch AB implements new operating model, changes to management team
STOCKHOLM, SWEDEN: Sinch AB (publ), a global leader in cloud communications and mobile customer engagement, today announced changes to its organization and management team. The recent acquisitions of Inteliquent, MessageMedia and Pathwire significantly expand Sinch’s product offering and go-to-market capabilities. To support continued profitable growth and to ensure strong execution through delegated responsibility, Sinch will…
Itaconix plc: new patent filed for plant-based ingredient
LONDON, UK: Itaconix Plc (AIM: ITX) is extending the Itaconix technology platform into potential uses in composite materials and has filed a new patent to protect innovative intellectual property for expected applications in this new area. The extension of the Itaconix technology platform is part of the Company’s efforts to engage with potential customers to…
CTP Germany launches with €1.0bn in ‘last mile’ logistics development targets
FRANKFURT, GERMANY: CTP N.V. has completed the takeover and delisting offer for Deutsche Industrie REIT-AG (now named Deutsche Industrie Grundbesitz AG, DIR”), which provides immediate scale in Europe’s largest economy. CTP Germany now represents about 15% of CTP’s portfolio and becomes its third largest market by gross asset value after the Czech Republic (42%) and…
Verditek sold its 10.56% holding in Industrial Climate Solutions Inc (ICSI)
LONDON, UK: Verditek Plc (AIM:VDTK), the international green technology company, has sold its 10.56 per cent equity holding in Industrial Climate Solutions Inc (ICSI) to Baker Hughes Energy Services Canada Inc. An initial payment of approximately £308,000 was received by the company in line with the size of its holding. The initial consideration was received…
Gravis Capital announces £300mn IPO of GCP Co-Living REIT on LSE
LONDON, UK: Gravis Capital Management Limited announced intention to launch an initial public offering (IPO) of GCP Co-Living REIT on the Specialist Fund Segment of the Main Market of the London Stock Exchange, by way of an initial placing and offer for subscription for a target issue of 300 million ordinary shares at an initial…
BT Group negotiating with Discovery to create new sports joint venture
LONDON, UK: Following a detailed process to identify the best way to generate investment and strengthen sports business, BT Group entered exclusive discussions with Discovery Inc. on a deal to create a new sport and entertainment offering for customers in the UK. The new business would be a 50/50 joint venture, bringing together BT Sport…
Metalloinvest signs an agreement to sell JSC Ural Steel to Zagorsk Pipe Plant
MOSCOW, RUSSIA: Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces that it has signed an agreement with Zagorsky Pipe Plant (ZTZ), one of the largest Russian suppliers of large diameter pipes for oil and gas pipelines and steel products for construction, to…
Epichem CEO, Colin La Galia, resigns
PERTH, AUSTRALIA: PharmAust Limited (ASX: PAA & PAAO), a clinical stage biotechnology company, announced that Colin La Galia, Chief Executive Officer (CEO) of PAA’s subsidiary Epichem, has resigned. La Galia will leave Epichem on 23 March 2022 to pursue another opportunity based in Perth. That business is not a competitor to Epichem or PharmAust. PharmAust…
Fred. Olsen Windcarrier plans EUR 150mn IPO on Oslo Stock Exchange
OSLO, NORWAY: Fred. Olsen Windcarrier ASA announced its intention to launch an initial public offering (IPO) of new shares and apply for a listing on the Oslo Stock Exchange. The Fred. Olsen Windcarrier IPO is expected to comprise a primary offering of new shares raising gross proceeds of approximately EUR 150 million, which will be…
VEON announces intention to establish new parent holding company in UK
AMSTERDAM: Veon Ltd. (NASDAQ: VEON), a leading global provider of connectivity and internet services, announced its intention to move its group parent company to the United Kingdom, with the introduction of a newly formed UK incorporated public limited company as the top holding company of the Veon Group. It is expected that the new UK…