LONDON, UK: Inframobility UK Bidco Limited has reached an agreement to acquire the entire issued and to be issued ordinary share capital of UK bus operator, Stagecoach Group Plc for 105 pence in cash for each share valuing Stagecoach’s existing issued and to be issued ordinary share capital at approximately £594.9 million on a fully…
Author: Bernice Miles
Aquis Exchange to add Czech and Hungarian blue-chip stocks trading
LONDON, UK: Aquis Exchange PLC (AQX.L), the exchange services group, is to add Czech and Hungarian blue-chip stocks to trading on its pan-European MTFs business, Aquis Exchange. During the second quarter of 2022, some 300 additional stocks will be made available for trading on the Aquis Exchange UK and Aquis Exchange EU platforms, including the…
Appointment of John Walker as CEO of Tees Valley Lithium Ltd
LONDON, UK: Alkemy Capital Investments announced the appointment of John Walker as CEO of Alkemy’s newly formed wholly owned subsidiary Tees Valley Lithium Ltd, effective immediately. John has more than 30 years of leadership experience in the mining and advanced materials processing industries. Most recently he has been providing strategic advice to ASX listed Piedmont…
Agronomics co-leads SuperMeat’s Series A Financing
LONDON, UK: Agronomics Limited has co-led the Series A Financing for portfolio company SuperMeat (The Essence of Meat Ltd) with a US$ 10 million investment, subscribing for 188,158 Series A Preferred Shares, a notice said. SuperMeat is a leading cultivated chicken meat company based in Israel. The funding round was co-led alongside New Agrarian Company…
600 Group to dispose of Group’s Machine Tool Solutions Division for $21mn
LONDON, UK: The 600 Group PLC (AIM: SIXH), the diversified industrial engineering company, and certain other Group companies have entered into a conditional sale and purchase agreement with Timesavers Acquisition LLC relating to the disposal of the entire issued share capital of each of 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd and…
Totally plc acquires Pioneer Health Care Limited for £13mn
LONDON, UK: The Board of Totally plc (AIM: TLY) has entered into an agreement to acquire the entire issued share capital of Pioneer Health Care Limited, an established independent provider of specialist NHS secondary care services. The total consideration for the acquisition is up to £13.0 million, on a cash-free and debt-free basis. The Consideration…
Volex plc acquires 51% stake in inYantra Technologies for $8.0mn
LONDON, UK: Volex plc (AIM: VLX), the global supplier of integrated manufacturing services and power products, announced a 51% majority equity investment in inYantra Technologies Pvt Ltd for $8.0 million and the purchase of 13.5 acres of industrial land, which includes 3.5 acres of land and the operational buildings used by inYantra, in Pune, India…
Mode Global Holdings appoints Rita Liu as Chief Executive Officer
LONDON, UK: Mode Global Holdings (LSE: MODE), the LSE-listed Fintech Group, announced the appointment of Rita Liu as Chief Executive Officer (CEO) with immediate effect. For over a decade Rita Liu has held leadership roles at fintech giant Alipay in Asia, the US, Canada and was CEO in the UK before joining the Mode board…
Aviva plc acquires Succession Wealth for £385 million
LONDON, UK: Aviva plc announced the acquisition of Succession Wealth for a consideration of £385 million, a bourse filing noted on Wednesday. The transaction significantly enhances Aviva’s presence in the fast-growing UK wealth market as more people seek advice for their retirement and savings options. The UK wealth market was worth an estimated £1.6 trillion…
Braemar sells its logistics division, Cory Brothers to Vertom Cory Holdings
LONDON, UK: Braemar Shipping Services has completed the planned disposal of its Logistics Division, Cory Brothers to Vertom Cory Holdings Ltd for a total of between £10.25m and £15.5m spread over three earnout periods ending on 31 December 2024. The all-cash consideration comprises initial cash proceeds of £6.5 million, together with three further payments based…
Shell intends to exit equity partnerships held with Gazprom entities
LONDON, UK: The Board of Shell plc Monday announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in…
GXO Logistics agrees to acquire Clipper Logistics in a £965mn deal
LONDON, UK: The boards of directors of GXO Logistics Inc. (GXO) and Clipper Logistics plc have reached agreement on the terms of a recommended cash and share acquisition by which the entire issued and to be issued ordinary share capital of Clipper will be acquired by GXO. Based on the Agreed Value of a GXO…