Argo Group International Holdings Ltd.: Argo Group Announces Sale of its Italian Business
Argo Group International Holdings, Ltd. (NYSE: ARGO), an underwriter of specialty insurance products, today announced an agreement to sell its Italian operations, ArgoGlobal Assicurazioni S.p.A ( AGA ) to Perfuturo Capital AG ( Perfuturo ), a Swiss Holding Company. Perfuturo is fully owned by Philantra Holding AG a green, technology and renewable energy specialist. Closing of the transaction is subject to regulatory approval and is expected to occur in early 2021. We are confident that Perfuturo s expertise and knowledge of the European market will allow AGA to thrive, said Matt Harris, Argo Group head of international operations. This transaction aligns with our strategy to simplify the business and streamline operations.
Blackstone’s Solid-State Battery Project Receives Grant from Innosuisse Blackstone Resources AG (SWX: BLS) is pleased to announce that the
Swiss Innovation Agency Innosuisse has approved its grant application and will fund 50 percent of the CHF 1.3 million development project. The project aims to develop solid-state electrolytes and the grant will be used to co-finance a sophisticated manufacturing simulation of 3D-printed solid-state batteries. A research consortium of Blackstone Resources (
BLS), the Swiss Federal Laboratories for Materials Science and Technology (
Empa) and the Bern University of Applied Sciences (
BFH) will upscale the synthesis of solid-state electrolytes developed by
Empa. A solid-state battery can provide repeated, reliable and safe discharges without the potential risk of thermal runaway, explosion or outgassing during frequent use. This means that it can be used within areas and constructions that were previously unthinkable for other batter
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