PIC, a specialist insurer of defined benefit pension schemes, has concluded an £870 million full buy-in of the De Beers UK Pension Scheme (‘the Scheme’). The transaction secures the pensions of both deferred and pensioner members of the Scheme, which is sponsored by De Beers UK Limited (‘the Company’), comprising 1,464 current pensioners and 473 deferred members.
Founded in 1888, De Beers Group is the world’s leading diamond company, with expertise in diamond exploration, mining, grading, marketing and retail. Together with its joint venture partners it employs more than 20,000 people throughout the world.
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02/09/2024
A £175 million communications network connecting 163 remote radio sites across 11,000 miles of UK coastline is now operational ensuring His Majesty’s (HM) Coastguard’s effective frontline emergency response continues for thousands of distress calls from the UK’s waters.
12/06/2024
LS EcoEnergy (CEO Lee Sang-ho) announced on the 12th that the company has entered into negotiations to secure the land for a submarine cable project in the UK.
LS EcoEnergy is actively engaged in negotiations toleaseland atthe Port of Tyne in the northeast. The size of the project site, including the port, is approximately154,711㎡.LS EcoEnergy plans to conclude negotiations ‒ including land lease conditions ‒ within the year.
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12/06/2024
More than 30,000 students and staff at the University of Bristol will soon have access to a new and improved Wi-Fi experience thanks to a major new wireless network project that will be delivered by Telent. It will be one of the largest education networks outside of North America, with the capacity to support over 300,000 devices.
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04/06/2024
As part of Telent’s Environment and Sustainability vision, Telent’s dedicated Green Solutions team have been exploring and developing a range of innovative Green Solutions to benefit the environment, customers and it’s supply chain to improve sustainability and reduce its carbon footprint.
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29/05/2024
PIC, a specialist insurer of defined benefit pension schemes, has concluded a £204 million full buy-in of the Arqiva Defined Benefit Pension Plan (“the Plan”). The transaction secures the pensions of both deferred and pensioner members of the Plan, which is sponsored by Arqiva Limited (“the Company”), a British telecommunications company, comprising 589 current pensioners and dependents and 215 deferred members.
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27/05/2024
Multiple updates announced from Global Interconnection Group Limited, including:
Global InterConnection Group negotiations to build HVDC cable factory at Port of Tyne
In Joint Venture with one of the subsidiaries of LS Group, Korea
Global InterConnection Group to appoint new CEO
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