OSLO, NORWAY: Entra ASA has entered into an agreement to divest a major part of its Stavanger portfolio to SVG Property AS. The transaction involves Entra’s 50 % share in Hinna Park Eiendom AS (HPE), a property company holding four properties with associated development potential located at Hinna Park outside Stavanger and the property Nytorget…
Cordiant Digital acquires DataGryd in New York, Emitel in Poland
LONDON, UK: Cordiant Digital Infrastructure Limited has entered into binding agreements to acquire a strategic interconnect data centre in New York and a multi-asset digital infrastructure platform in Poland. Cordiant Digital (via its wholly-owned subsidiary) has entered into a binding agreement to acquire certain assets constituting the full operational platform (and assumed certain operational liabilities)…
Harris acquires i2 product portfolio from IBM
CAMBRIDGE, UK: Harris, a global vertical market software provider, has acquired the i2 intelligence analysis product portfolio of IBM, including the i2 Analyst’s Notebook, i2 Enterprise Insight Analysis (EIA) and i2 iBase platforms. The acquisition positions Harris to further deliver mission-critical applications for national defense, state & local law enforcement, maritime security as well as…
PCI Biotech and MDimune form research collaboration
OSLO, NORWAY: PCI Biotech, a Norwegian cancer focused biopharmaceutical company and MDimune Inc., a private South Korean biotech company developing innovative drug delivery technologies for modifying cellular and disease processes in many areas of human disease, announced a preclinical research collaboration that would offer several opportunities for future development. Commenting on the announcement, Per Walday,…
Raslaffan to acquire 40% shares in Nebras Power for $530mn
DOHA, QATAR: Raslaffan Operating Company has signed a share sale and purchase agreement with Qatar Holding LLC (QH), to purchase 40% of the share capital of Nebras Power from QH. The agreed purchase price for the transaction is $530 million. “Qatar Electricity and Water Company (QEWC) wishes to disclose that Raslaffan Operating Company W.L.L., a…
Matt McCrann appointed CEO of DroneShield LLC
SYDNEY, AUSTRALIA: DroneShield Limited, a global leader in Counter-UAS and Artificial Intelligence based security technology, announced the appointment of Matt McCrann as Chief Executive Officer of its wholly owned U.S. subsidiary DroneShield LLC. Matt McCrann joined DroneShield LLC in 2019 as Vice President of Sales and will lead the growth and expansion of the company’s…
Leighton Asia to construct data centre campus in Jakarta
SYDNEY, AUSTRALIA: Leighton Asia has been selected to construct a data centre campus in Jakarta, Indonesia, for a multinational technology corporation. The contract will generate revenue of approximately A$103 million for Leighton Asia, CIMIV Group company. CIMIC Group Executive Chairman and Chief Executive Officer Juan Santamaria said: “Leighton Asia has a strong track record of…
Philippines lifts open-pit mining ban, RTG says
SYDNEY, AUSTRALIA: The Board of RTG Mining Inc. announce that Secretary Roy Cimatu of the Department of Environment and Natural Resources (DENR) lifted the four-year-old ban on the open-pit method of mining for copper, gold, silver, and complex ores in the Philippines. The DENR order covers all mining tenement holders that will adopt a surface…
Vejii buys online platform for plant-based products, VEDGEco
VANCOUVER, BRITISH COLUMBIA: Vejii Holdings Ltd., a North American online platform for plant-based and sustainable products, has completed the acquisition of VEDGEco USA Inc. in a $6.25 million deal as of December 31, 2021. VEDGEco is a leading online B2B wholesale marketplace for plant-based products. Pursuant to the purchase agreement, Vejii issued to the vendors…
Gary Bisbee appointed Head of Investor Relations at Thomson Reuters
TORONTO: Thomson Reuters announced Gary Bisbee has joined the company and will transition into the role as its next Head of Investor Relations, effective March 1, 2022. Bisbee will succeed Frank Golden, who informed the company of his intention to retire in July 2022 after 18 years in the role. Based in New York, Gary…
Eiffage consortium wins two offshore wind contracts in the UK
PARIS, FRANCE: Eiffage, through Smulders (the Belgian subsidiary of Eiffage Métal), as part of a consortium, has been awarded two new contracts to manufacture the foundations and electrical substations for two wind farms off the British coast. Alongside the Dutch company Sif, Smulders won the contract to manufacture and supply 87 foundations, each comprising a…
Philippine Airlines exits bankruptcy
LONDON, UK: Avation Plc, the commercial passenger aircraft leasing company, advised that its customer Philippine Airlines Ltd (PAL) has exited bankruptcy and has received court approval for its restructuring plan which was effective 31 December 2021. Pursuant to an agreement with Avation, PAL has retained a Boeing 777-300ER aircraft on lease from Avation in accordance…