LONDON, UK: Longboat Energy announced a minor oil discovery with the Mugnetind exploration well in licence PL906 (Company 20%) in the Southern North Sea. The exploration well 7/11-14 S encountered hydrocarbons in the Upper Jurassic Ula Formation. The Ula formation was reached at a vertical depth of 3,985 metres below sea level and consisted of…
Panthera Resources notifies acquisition of Bhukia JV Partner
LONDON, UK: The Board of Panthera Resources‘ subsidiary Indo Gold Pty Limited (IGL) has entered into various agreements to acquire Metal Mining India Private Limited (MMI), the Company’s joint venture (JV) partner in India, in respect of the Bhukia and Taregaon projects. Highlights · Ownership interest in the Bhukia and Taregaon projects in India via IGL…
Hilton Foods acquires Fairfax Meadow for £23.8 million
LONDON, UK: Hilton Food Group’s wholly owned subsidiary, Hilton Foods Limited has acquired 100% of the share capital of Fairfax Meadow Europe Limited, the leading meat supplier to the UK foodservice sector from Argent Holdings Limited. Fairfax Meadow was established over 40 years ago and supplies some of the largest businesses in the UK hospitality…
BIO-UV Group to acquire Corelec
PARIS, FRANCE: BIO-UV Group signed a protocol to acquire 100% of the capital of the company Corelec, one of the French leaders in swimming pool water treatment solutions by salt electrolysis. The acquisition will be finalized and effective no later than November 9, 2021. Through this operation, BIO-UV Group significantly strengthens the activity of its…
Fabrizio Testa nominated as new CEO for Borsa Italiana
AMSTERDAM: Euronext announced the Board of Directors of Borsa Italiana and the Supervisory Board of Euronext N.V. have respectively nominated Fabrizio Testa, currently CEO of MTS, as CEO of Borsa Italiana, and as Head of Fixed Income trading for the Group and member of the Managing Board of Euronext N.V. Raffaele Jerusalmi will step down…
Spacetalk to sell adventurer devices in North America
SYDNEY, AUSTRALIA: Spacetalk Ltd. announced its North American launch; online through Amazon, Walmart, Best Buy and Spacetalk websites. Amazon, Walmart and Best Buy together account for nearly 50% of all retail e-commerce in the United States1. In Canada, Best Buy holds an approximately 35% market share for electronics and appliances2. Spacetalk is targeting to launch…
Field Solutions Holdings to purchase TasmaNet
SYDNEY, AUSTRALIA: Field Solutions Holdings Limited (FSG) has entered into a binding share sale agreement to purchase TasmaNet Pty Ltd. Field Solutions Holdings Limited (FSG) is Australia’s leading rural and regional telecommunications carrier. A transformational acquisition for FSG, TasmaNet is EBITDA accretive, and will deliver strong complementary revenues and operational synergies aligned with FSG’s business…
BNP Paribas launches a share buyback program of 900 million euros
PARIS, FRANCE: BNP Paribas announced the launch of a share buyback program of BNP Paribas S.A. ordinary shares for a maximum total amount of €900 million. BNP Paribas has received the approval from the European Central Bank and a contract was concluded with an investment services provider acting independently, entrusted by an irrevocable instruction to…
Pacific Edge appoints Dr Peter Meintjes as its new CEO
AUCKLAND, NEW ZEALAND: Cancer diagnostics company Pacific Edge announced the appointment of Dr Peter Meintjes, an experienced molecular diagnostics and genomics business leader, as its new Chief Executive Officer. Dr Meintjes, a New Zealand citizen currently resident in Boston, brings to Pacific Edge extensive global diagnostics, biotechnology, and commercial leadership expertise. He also has a…
Facebook changes its name to Meta
Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality (VR). The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the…
FPK invests SEK 500 million in Heimstaden Bostad
OSLO, NORWAY: Swedish pension fund, Försäkringsbranschens Pensionskassa (FPK), invests SEK 500 million in Heimstaden Bostad, partnering with industrial owner Heimstaden AB and institutional investors Alecta, Folksam Group, the Swedish Pensions Agency, and Ericsson and Sandvik’s pension funds. “FPK is a long-term institutional owner with a focus on responsible growth, value creation, and sustainability. We are…
Kongsberg to sell Light-Duty Cables business to Suprajit for EUR 37.7mn
ZURICH: Kongsberg Automotive has entered into an agreement for the sale of the Light-Duty Cables (LDC) business unit to Suprajit Engineering Limited. The two companies entered into a definitive agreement on October 28, 2021. Under the terms of the transaction, Suprajit will acquire Kongsberg Automotive’s LDC business unit for an Enterprise Value of EUR 37.7…