LONDON, UK: Luceco plc, the supplier of wiring accessories, EV chargers, LED lighting, and portable power products, has acquired the entire issued share capital of D-Line (Europe) Limited, the supplier of cable management solutions, from sellers including the founder for initial cash consideration of £8.6m and up to £3.8m of contingent consideration, on a cash…
Author: Ali Mirza
Ageas considers £3.1 billion bid for Direct Line Insurance Group
LONDON: Ageas, the Belgian insurer, has confirmed that it is in the preliminary stages of considering a possible offer to acquire Direct Line Insurance, the UK’s largest personal lines insurer, for £3.1 billion. The possible offer would consist of 100 pence in cash and one new Ageas share for every 25.24047 Direct Line shares, valuing…
Anglo American and Vale join forces to boost Minas-Rio iron ore mine
LONDON, UK: Anglo American plc, a global mining company, has announced a deal with Vale SA, the world’s largest iron ore producer, to acquire and integrate a massive iron ore resource adjacent to its Minas-Rio mine in Brazil. The deal, valued at US$157.5 million, will give Vale a 15% stake in the enlarged Minas-Rio, which…
Chris Walker appointed Chief Executive Officer of Bens Creek Operations LLC
LONDON, UK: Bens Creek Group plc (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, announced that Chris Walker has been appointed as Chief Executive Officer of Bens Creek Operations LLC, a wholly owned operating subsidiary of the Group. Chris will commence his employment with BC Operations on 6…
Visum Technologies to acquire Socrates Imaging B.V. and Socrates Imaging Ltd
LONDON, UK: Visum Technologies Plc has entered into exclusive non-binding Heads of Terms (HoT) to acquire the entire share capital of Socrates Imaging B.V., a company based in the Netherlands, and Socrates Imaging Ltd, a company based in the United Kingdom, for a combination of cash payment and new ordinary shares in Visum totaling €2…
H&T Group acquires assets of Maxcroft Securities for £11.3m
LONDON, UK: H&T Group Plc, the UK’s largest pawnbroker and a leading retailer of high quality new and pre-owned jewellery and watches, announced the acquisition of certain assets of Maxcroft Securities Ltd, for a cash consideration of £11.3m. Maxcroft is a longstanding and successful pawnbroking business based in Essex, a company announcement said. The Group…
Software Circle plc has acquired ARC Technology Limited
LONDON, UK: Software Circle plc (AIM: SFT) has acquired the entire issued share capital of ARC Technology Limited, a leading provider of software solutions for the management of practice-based learning to higher education institutions across the UK and the Republic of Ireland, based in Byfleet, Surrey, an AIM news announcement noted. The total consideration of…
Barclays announces new operating structure and leadership changes
LONDON: Barclays Plc, one of the leading global financial services providers, has today announced a new operating structure that will align its business segments with its strategic priorities and customer needs. The new structure will consist of five focused operating divisions, namely: Barclays will report its financial performance based on these five operating divisions, in…
Good Energy to acquire solar and storage specialist JPS Group for up to £13.75 million
LONDON, UK: Good Energy Group PLC (AIM: GOOD), a renewable electricity and energy services provider, has signed a binding agreement for the acquisition of JPS Renewable Energy Ltd (JPS), a solar and storage installation and distribution business, and its subsidiary Trust Solar Wholesale Limited (Trust), a distribution and procurement business. The acquisition is on a…
Schroders Capital Global Innovation Trust invests in Neurona Therapeutics
LONDON, UK: Schroders Capital Global Innovation Trust has made an investment of $1.6 million (£1.3 million) in Neurona Therapeutics, a US-based clinical-stage cell therapy company. The Company participated in Neurona’s Series E financing round, which raised $120 million and was co-led by Viking Global Investors and Cormorant Asset Management with participation from new and existing…
WPP Plc acquires stakes in new German agency OH-SO Digital
LONDON, UK: WPP Plc has acquired a minority stake through a capital investment in OH-SO Digital, a new digital-first agency launching on 1 March. The agency aims to revolutionise how brands deploy digital marketing as a key driver for growth, using innovative creative solutions that are customer-centric and powered by the latest tech developments. OH-SO…
Jazz Pharmaceuticals acquires Redx’s KRAS inhibitor program
Alderley Park, UK: Jazz Pharmaceuticals plc and Redx Pharma plc have signed a definitive agreement under which Jazz will acquire Redx’s KRAS (Kirsten rat sarcoma virus) inhibitor program. Jazz and Redx will collaborate to advance candidates through IND-enabling studies; Jazz will be responsible for all clinical development, regulatory, manufacturing and commercialization activities. “KRAS is a…