LONDON, UK: Versarien Plc, the advanced materials engineering group, has announced that it has sold its plant and equipment in South Korea, which were used for producing graphene, to MCK Tech Co. Ltd for £604,000. The deal also includes an exclusive licence agreement for MCK Tech to use five of Versarien’s patents in Korea for…
Author: Bernice Miles
Nationwide Building Society to buy Virgin Money for £2.9 billion in cash
LONDON, UK: Nationwide Building Society has agreed to acquire Virgin Money UK PLC for £2.9 billion in cash, in a deal that would create the UK’s second largest mortgage and savings provider. Virgin Money shareholders would receive 220 pence per share, including a dividend of 2 pence, which is a 38% premium to the market…
Argo Blockchain sells Quebec data center for $6.1 million, cuts debt and costs
LONDON, UK: Argo Blockchain plc, a global leader in cryptocurrency mining, announced on Monday that it has agreed to sell its Quebec data center in Mirabel, Quebec, for $6.1 million. The deal is expected to close by the end of March 2024, subject to regulatory approvals and other conditions. The sale will help Argo reduce…
Hochschild Mining to acquire Brazilian gold project from Cerrado Gold
LONDON: Hochschild Mining PLC, a London-based precious metals producer, announced that it has secured an option to buy the Monte Do Carmo gold project in Brazil from Cerrado Gold Inc., a Canadian exploration and development company. The project, located in the state of Tocantins, has a resource estimate of over one million ounces of gold…
Induver and Clover merge to form Belgium’s leading corporate insurance broker
LONDON: Induver and Clover, two of Belgium’s leading independent corporate insurance brokers, have announced their merger to create a new market leader in the sector. The combined business will benefit from the support of Hg, a leading investor in software and services businesses, as a minority shareholder. The merger brings together Induver’s premium positioning and…
Renalytix explores sale options after receiving takeover bid from rival
Renalytix plc, a company that uses artificial intelligence to diagnose and treat kidney disease, has announced that it is considering selling itself or its assets after receiving an unsolicited takeover offer from a larger competitor. The company, which is listed on both the London Stock Exchange and the Nasdaq, said that it has launched a…
ITV Sells its 50% Share of BritBox International to BBC Studios for £255 million
LONDON, UK: ITV plc has announced that it has sold its entire 50% interest in digital subscription streaming service BritBox International to its joint venture partner BBC Studios for a cash consideration of £255 million. The transaction will provide net proceeds including loan repayments and accrued dividends and after tax of around £235 million. The…
South32 sells Illawarra Metallurgical Coal business in Australia for up to $1.65B
LONDON: South32 Limited, a diversified mining company, has announced that it has agreed to sell its Illawarra Metallurgical Coal business in Australia to a consortium of Golden Energy and Resources Pte Ltd (GEAR) and M Resources Pty Ltd (M Resources) for up to US$1.65 billion. The deal, which is expected to close in the first…
Bunzl acquires catering equipment giant Nisbets and Finnish distributor Pamark for £339m
LONDON, UK: Bunzl plc, a leading international distribution and services Group, has agreed to buy an 80% stake in Nisbets and its related businesses for £339m in cash. Nisbets is a well-known omni-channel supplier of catering equipment and consumables in the UK & Ireland, Northern Europe and Australasia, with a large product portfolio and many…
Marlowe sells GRC software and services assets for £430 million
LONDON, UK: Marlowe plc, the UK leader in business-critical services and software which assure regulatory compliance, has agreed to sell some of its Governance, Risk & Compliance (GRC) software and services assets to Inflexion Private Equity for £430 million. The deal includes the following business lines: WorkNest, Vinciworks, William Martin, Elogbooks, Barbour, IMSM & Corestream….
MYCELX Technologies sells Saudi Arabia operations for up to $7.125 million
LONDON, UK: MYCELX Technologies Corporation, a company that provides clean water and clean air solutions for various industries, has announced the sale of its Saudi Arabia business operations to Twarid Water Treatment LLC, a company owned by a Saudi Arabian consortium of investors. The deal, which is worth up to $7.125 million, includes the transfer…
Rio Tinto signs Australia’s biggest renewable power deal
LONDON, UK: Rio Tinto has signed Australia’s largest renewable power purchase agreement (PPA) to date to supply its Gladstone operations in Queensland, agreeing to buy the majority of electricity from Windlab’s planned 1.4GW Bungaban wind energy project. The agreement, which follows the company announcement last month of a PPA for the Upper Calliope solar farm in Queensland,…