LONDON: 3i Infrastructure plc has received a binding offer for its c.33% stake in Valorem, a leading independent European renewable energy developer and power producer, from funds managed by AIP Management P/S and from certain other co-investors. Subject to acceptance of the binding offer, following consultation with Valorem’s employee representative bodies, company expects completion of…
Author: Ali Mirza
Mpac Group to acquire Elstar International B.V. (CSi Palletising) for €56 million
LONDON: Mpac Group plc (AIM: MPAC) announced that its indirectly wholly owned subsidiary Mpac Bidco B.V., has entered into an acquisition agreement with the sellers to conditionally acquire the entire issued share capital of Elstar International B.V. a private limited liability company incorporated under the laws of the Netherlands that operates under the name CSi…
abrdn Property Income Trust to sell abrdn Property Holdings to Golden Tree for £351 million
LONDON: abrdn Property Income Trust Limited (API) has entered into a significant agreement with GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transaction includes the sale of 39 assets, representing API’s entire investment property portfolio, except for its interest in the land at Far Ralia. The…
Wildcat Petroleum partners with Nile Petroleum to acquire Petronas Sudan
LONDON: Wildcat Petroleum Plc has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation, the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad, in the Republic of South Sudan. On 7 August 2024,…
Netcall plc buys Parble, provider of document processing software, for €8.7mn
LONDON: Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, announced the acquisition of Smart & Easy NV (trading as Parble), a provider of intelligent document processing software. The total consideration for the acquisition is up to €8.7 million, comprising an initial cash consideration of €4.7 million and an earnout…
Brooks Macdonald to sell Brooks Macdonald Asset Management to Canaccord for £50.85 million
LONDON: Brooks Macdonald Group plc has entered into a binding agreement with Canaccord Genuity Wealth (International) Holdings Limited to sell its wholly owned subsidiary, Brooks Macdonald Asset Management (International) Limited and its subsidiaries (BMI), for a total consideration of up to £50.85 million, including an initial consideration of £28 million payable in cash. Completion is expected by…
AngloGold Ashanti offers to acquire Centamin Plc in a $2.5 billion deal
LONDON: AngloGold Ashanti has agreed the terms of a recommended acquisition of Centamin Plc, an established gold producer, whose flagship Tier 1 asset is the Sukari gold mine, which is Egypt’s largest and first modern gold mine, as well as one of the world’s largest producing mines. Since production began in 2009, Sukari has produced over 5.9…
Pinewood Technologies to invest USD 4.2 million in Seez App Holding
LONDON: Pinewood Technologies Group, a leading pure-play SaaS business providing innovative retail solutions to the automotive industry, has entered into an advance subscription agreement with Seez App Holding Ltd. Seez is one of the world’s leading automotive AI companies, and boasts a broad product portfolio built on market leading proprietary technology, which includes its AI Chatbot…
Aurora Investment Trust and Artemis Alpha Trust evaluate business merger
LONDON: Aurora Investment Trust plc has announced a proposed merger with Artemis Alpha Trust plc. The boards of both companies have agreed on the heads of terms for this combination, which aims to consolidate the assets of Artemis Alpha with those of Aurora. The merger, pending approval from the shareholders of both trusts, will be…
The Importance of a Trading Plan: Journey from Skepticism to Success
When I first started trading, I thought it was absolutely useless. I believed that having a strategy in my head was enough and that writing anything down was unnecessary. This mindset is common among new traders. However, as you gain more experience, you’ll come to understand that systemizing your trading approach is crucial for success….
STV Group appoints Rufus Radcliffe as Chief Executive Officer
STV Group plc today announces that Rufus Radcliffe will join the Board as Chief Executive Officer on Friday 1 November 2024. Rufus Radcliffe joins STV from ITV plc where until April 2024 he was a member of the Executive Committee and latterly held the position of Managing Director of Streaming, Interactive and Data, playing a key role…
Apax Global Alpha (AGA), Apax Private Equity Funds, Veriforce,
LONDON; Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €29m in Veriforce on a look-through basis. The Apax XI Fund (Apax XI), in which AGA is a limited partner, has reached a definitive agreement to acquire a controlling stake in…