LONDON, UK: Auto Trader Group plc (LSE: AUTO), the UK’s largest automotive marketplace, has agreed to acquire Autorama (UK) Limited, one of the UK’s largest transactional marketplaces for leasing new vehicles. Autorama has created a leading end-to-end digital platform, which aggregates leasing deals from multiple funders and OEMs (under its “Vanarama” brand), enabling buyers to…
Author: Ali Mirza
Luceco acquires UK EV charge point supplier for £10 million
LONDON, UK: Luceco plc has acquired the entire issued share capital of EV Charge Points UK T/A EVCP Limited (Sync EV), the UK EV charge point supplier for £10 million on a cash and debt-free basis. Luceco plc is a manufacturer and distributor of high quality and innovative wiring accessories, LED lighting, and portable power…
Antofagasta agrees to exit Reko Diq project
LONDON, UK: Antofagasta plc, Barrick Gold Corporation and the Governments of Pakistan and Balochistan have reached agreement in principle on a framework that provides for the reconstitution of the Reko Diq project, and a pathway for the company to exit the project. The project was suspended in 2011 due to a dispute over the legality…
ZOO Digital acquires Vista launches ZOO India
LONDON, UK: ZOO Digital Group plc (AIM: ZOO) announced the expansion of its South Asia operations with the launch of ZOO India. The company has acquired the award-winning media services and localisation businesses of Vista India Digitek Private Limited and Vista Tanweer Studios Private Limited, based in Mumbai, together with a 35% investment in the…
Cindrigo Holdings to acquire 100% of Energy Co-invest Global Corp
LONDON, UK: Cindrigo Holdings has exercised the option agreement to acquire the entire issued share capital of Energy Co-invest Global Corp (ECG). Energy Co-invest Global Corp (ECG) is an established international energy developer with interests in a broad base of projects within the renewable energy sector, particularly the geothermal energy sector. The acquisition will give…
Anglo American partners EDF to secure 100% renewable energy supply for South Africa
LONDON, UK: Anglo American has signed a Memorandum of Understanding with EDF Renewables, a global leader in renewable energy, to work together towards developing a regional renewable energy ecosystem (“RREE”) in South Africa. The ecosystem is expected to be designed to meet Anglo American’s operational electricity requirements in South Africa through the supply of 100%…
Vimian Group AB acquires Avacta’s Animal Health Division
LONDON, UK: Avacta Group plc (AIM: AVCT), a clinical stage oncology drug company, announced that Vimian Group AB (Vimian.ST) has acquired the veterinary division of Avacta Group, Avacta Animal Health. Avacta has received an upfront payment of £0.9 million and will receive additional deferred consideration of up to £1.4 million dependent on the combined performance…
Irina Bokova steps down from PhosAgro’s Board of Directors
MOSCOW, RUSSIA: PhosAgro, one of the world’s leading vertically integrated phosphate-based fertilizer producers, announced that Irina Bokova is leaving the company’s Board of Directors. Ms Irina Bokova joined PhosAgro’s Board of Directors in 2018 as an independent director. In May 2019, she was elected Chair of the Board’s Sustainable Development Committee. Bokova has served as…
PCI-PAL forms strategic partnership driving open banking operations
LONDON, UK: PCI-PAL Plc (AIM: PCIP), the global cloud provider of secure payment solutions for business communications, to announced a partnership with TrueLayer, the international fintech provider of open banking solutions. Over time the partnership will see PCI Pal make a range of open banking services available to its partner ecosystem and direct customer-base. Through…
Redcentric acquires security consultant, 7 Elements
LONDON, UK: Redcentric plc announced the acquisition of the entire issued share capital of 7 Elements Limited, an industry leading provider of security testing, incident response management and bespoke security consultancy services. Under the terms of the agreement in relation to the acquisition, £1.95m initial consideration was paid in cash on completion, with a further…
Agronomics invests more in plant cell culture company, GALY CO
LONDON, UK: Agronomics, the leading listed company focused on the field of cellular agriculture, has invested a further $1 million into GALY CO. GALY CO. is an existing portfolio company focused on plant cell culture. Agronomics will subscribe for 364,710 Series A Preferred Stock using cash from the Company’s own resources. Following this investment, Agronomics…
Alphawave acquires OpenFive business unit from SiFive for $210mn
LONDON, UK: Alphawave IP Group plc (LON: AWE), a global leader in high-speed connectivity for the world’s technology infrastructure, has acquired the entire OpenFive business unit from SiFive Inc. SiFive is the founder and leader of RISC-V computing based in San Mateo, California. All definitive agreements have been completed and the transaction is expected to…