Global

Statoil picks Jon Erik Reinhardsen as chairman
Energy

Statoil picks Jon Erik Reinhardsen as chairman

Norwegian oil major, Statoil, said Jon Erik Reinhardsen has been elected as the chairman of its board of directors. The election of Jon Erik Reinhardsen to the board is following the decision of the former chairman, Øystein Løseth who had informed the nomination committee that he did not wish to […]

African Energy Partners to list on JSE
JSE SENS

African Energy Partners to list on JSE

African Energy Partners said it will list its shares on the Alternative board of the Johannesburg Stock Exchange, which is also called the JSE AltX. Chief Executive of the company Nkosi Gugushe said: “Immediately after listing, management will turn its attention to finalizing the terms of its viable asset acquisitions […]

Fitch downgrades Reliance Communications to RD
Global

Fitch downgrades Reliance Communications to RD

Indian-based Reliance Communications Limited has been downgraded by Fitch Ratings to ‘RD’ from ‘CCC’. In a statement issued from its Singapore and Hong Kong’s office, Fitch said as a result of recent disclosures by the company it has downgraded Reliance Communications Limited’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) […]

EBRD sells 30% of its shares in TBC Bank Group
Global

EBRD sells 30% of its shares in TBC Bank Group

The European bank for research and development (EBRD) has reduced its stake inGeorgia’s largest bank, TBC Bank Group PLC, by selling 30% of its shares approximately 1.9 million shares. TBC Bank was successfully listed on the London Stock Exchange in June 2014 and has since performed strongly. The EBRD’s partial sale reflects […]

Prudential raises stake in Virgin Money
Global

Prudential raises stake in Virgin Money

Prudential PLC said it has alongside its subsidiaries raise their stake in Virgin Money Holdings PLC. According to a regulatory filing Prudential PLC alongside M&G Group Limited, M&G Limited and M&G Investment Management Limited raised their stake from 21,433,796 million units of shares to 22,731,685 million units of shares. The […]

BlackRock grows real asset to USD36.5 billion with First Reserve acquisition
Global

BlackRock grows real asset to USD36.5 billion with First Reserve acquisition

BlackRock, Inc., the world’s largest fund manager has successfully closed the acquisition of First Reserve Energy Infrastructure Funds. The fund is the equity energy infrastructure franchise of First Reserve, a leading global private equity firm exclusively focused on energy. BlackRock said the transaction complements BlackRock’s Real Assets’ platform with a […]

Exxonmobil acquires exploration acreage at west of Malabo
Energy

Exxonmobil acquires exploration acreage at west of Malabo

Exxon Mobil Corporation acquired an exploration acreage at a deepwater block located 36 miles west of Malabo in Equatorial Guinea. Exxon said it signed has signed a production-sharing contract with the government of Equatorial Guinea via its wholly-owned subsidiary, Exploration and Production Equatorial Guinea (Deepwater) Ltd. “We look forward to […]