TOKYO: Velocys plc has secured a purchase order and technical service agreements with Toyo Engineering Corporation for the use of Velocys technology in a publicly funded demonstration facility in Nagoya, Japan, as well as an advanced deposit for the use of the Velocys technology by Toyo in a subsequent commercial plant. Toyo has placed an…
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Corporate Sector, Industry, Singapore Exchange, News Releases
Spectrics agrees to sell BTG Group for €319 million
LONDON: Spectris plc, the productivity-enhancing instrumentation and controls company, has agreed with Voith GmbH & Co. KGaA for Voith to acquire BTG Group from Spectris for a total gross cash consideration of €319 million. The sale is in line with Spectris’ strategy to simplify and focus our portfolio and to concentrate on developing presence in…
Standard & Poor’s BBB rating for SATO Corporation
HELSINKI: SATO Corporation has obtained a BBB rating with a stable outlook from rater Standard & Poor’s. At the same, SATO has decided to end the cooperation with its previous rater Moody’s. SATO is one of Finland’s leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer…
Pakistan to privatise state owned insurance company
ISLAMABAD: Pakistan government has announced inclusion of State Life Insurance Corporation (SLIC) as well as Islamabad Electric Supply Company (IESCO) and part of Lahore Electric Supply Company (LESCO) in active list of privatisation programme. Total statutory fund of State Life Insurance Corporation (SLIC) stands at Rs.707.388 billion in 2017. The Investment Portfolio of State Life…
Samer Edmond Chedid appointed CEO of Nestlé Pakistan
KARACHI: Nestlé Pakistan announced a change in its top management with the appointment of Samer Edmond Chedid as the new Managing Director in the country. He took over the responsibilities of Managing Director and CEO of Nestlé Pakistan on August 1 after the departure of Ms Freda Duplan. Samer Edmond Chedid is an accomplished and top…
Qatar Stock Exchange organizes investor relations training course for listed companies
DOHA, QATAR: Qatar Stock Exchange (QSE), in association with Maroon Capital, today started a three-day Investor Relations (IR) training program in Doha with the expert input of the UK IR Society, which delivers their program on global basis having highly qualified and reputable trainers. The training program, which was held at the JW Marriott with…
IHIG and PIA partner to promote tourism in Pakistan
KARACHI: International Hospitality Investment Group (IHIG), with a $118 million investment plan in country’s hospitality industry, signed a Memorandum Pakistan International Airlines (PIA) to promote tourism. PIA CEO Air Marshal Arshad Mahmood Malik, Chairman IHIG-UK Alun Richards, signed the MOU at PIA Head Office on Tuesday. Through this alliance, all business and economy executive class…
Rosenblatt Group acquires Convex Capital Limited for £22 million
LONDON: Rosenblatt Group plc, the professional services group, has announced the acquisition of Convex Capital Limited, a specialist sell-side M&A corporate finance boutique, based in Manchester, UK. The total consideration for the acquisition, assuming all earn-out and deferred consideration payments are made, is £22 million. The acquisition is in line with the Group’s M&A strategy….
Winchester MD plants 230,000 hemp plants in Spain
LONDON: Winchester MD Limited with its JV partner has planted 230,000 hemp plants in June at its 20 Hectare cultivation facility using high quality EU certified seeds. Since this time Winchester has successfully recruited and trained a 50 strong local workforce; implemented a bespoke irrigation system to support the cultivation and constructed and commissioned a…
BTG Advisory appoints four new partners to its London office
LONDON: BTG Advisory, the boutique advisory arm of Begbies Traynor Group that provides commercial, strategic and partner-led advice to companies, investors, lenders and other stakeholders, announced the appointment of four new partners to its London Canary Wharf office, as the advisory firm delivers on its growth ambitions and expands its corporate finance offering to meet…
Ocean Outdoor Limited acquires Visual to strengthen European digital platform
LONDON: Ocean Outdoor Limited has acquired Visual Art, a Sweden based independent, pure-play digital, out-of-home media and tech group operating in three Nordic countries and Germany. The deal is structured as two simultaneous transactions in which Ocean acquires the out-of-home assets of Visual Art (Visual Art Media) for a total consideration of approximately €63 million…
BASF unfolds solutions for quality poultry feed in Pakistan
KARACHI: BASF presented a broad range of animal nutrition products and solutions to help the poultry industry innovate and produce the best quality feed, at the International Poultry Expo 2019 on Friday. Feeding more animals for the growing meat, milk and egg demand while saving the environment is the key challenge for the feed industry…