LONDON: RTW Biotech Opportunities Ltd., a London-listed investment company, announced Wednesday that its portfolio company, Evommune Inc., has completed a $150 million initial public offering on the New York Stock Exchange. The clinical-stage biotechnology company, which is developing therapies for chronic inflammatory diseases, priced its IPO at $16 per share, selling 9.4 million shares. Evommune…
Category: London Stock Exchange
News and updates from London Stock Exchange
HgCapital Trust reports NAV growth amid strong portfolio performance in Q3
LONDON: HgCapital Trust plc reported a rise in its net asset value for the quarter ended Sept. 30, 2025, driven by robust trading within its portfolio of unquoted European technology firms, the company announced Thursday. The trust, which offers a listed vehicle for investing in companies managed by private equity firm Hg, saw its NAV per…
VVV Sports Limited signs terms to acquire R3 Sport Limited
LONDON – VVV Sports Limited, a company incorporated in the British Virgin Islands with its ordinary shares admitted to trading on the Aquis Stock Exchange Growth Market, has signed non-binding heads of terms in connection with its proposed acquisition of R3 Sport Limited. The combined business strategy of VVV and R3 is intended to focus on…
Built Cybernetics has disposed subsidiary Anders + Kern U.K. Limited
LONDON: The Board of Built Cybernetics (AIM:BUC), the smart buildings group, confirms that it has disposed of its subsidiary Anders + Kern U.K. Limited (A+K) to Barrie Meehan, A+K’s Managing Director, for a nominal sum. As set out in the Company’s announcement of 1 October the effect of the transaction is to dispose of…
Partners Group Private Equity to sell Clario to Thermo Fisher Scientific
LONDON: Partners Group Private Equity Limited (PGPE Ltd) announced Monday the sale of Clario, a leading provider of clinical trial data solutions, to Thermo Fisher Scientific. The transaction, subject to customary regulatory approvals, is expected to close by the end of the second quarter of 2026. Clario, headquartered in Philadelphia, is PGPE Ltd’s eighth-largest portfolio…
abrdn European Logistics sells three Polish warehouses for €84 million as wind-down advances
LONDON: abrdn European Logistics Income plc, a firm invested in European logistics real estate, announced Monday it has completed the sale of three multi-let warehouse estates in Poland for approximately €84 million. The assets, located in Krakow, Lodz and Warsaw, total more than 91,000 square meters of leasable area. The properties were constructed between 2018 and…
Intertek Group has acquired Suplilab
LONDON: Intertek Group plc, a leading Total Quality Assurance provider to industries worldwide, has acquired Suplilab, a market-leading provider of food safety and medical devices testing services, based in San José, Costa Rica. The Costa Rican economy is growing rapidly, creating a significant market for Risk-based Quality Assurance solutions that can cater to rising demand…
Kansai Electric buys 80% stake in Simply Blue Energy
LONDON: Simply Blue Holdings, has signed a share subscription agreement with Kansai Electric Power Company, Incorporated, to acquire an 80% stake in Simply Blue Energy OSW Ltd, Simply Blue Group’s offshore wind development arm. The transaction follows the recent carve-out of Simply Blue’s sustainable fuels business into a newly formed entity, Nova Scotia Fuels, and represents…
Chariot, ACWA Power sign MoU for southern Africa sustainable energy venture
LONDON – African energy firm Chariot Ltd (AIM: CHAR) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s ACWA Power to explore creating a sustainable energy business focused on southern Africa. The partnership will aim to develop, own and operate a portfolio of transitional power assets, including renewable energy, battery…
Ireland’s Permanent TSB launches formal sale process, state set to exit
LONDON: Irish lender Permanent TSB Group Holdings PTSB.I (PTSB) said on Tuesday it has begun a formal sale process, a move that could see the state sell its remaining stake and end its 17-year ownership of bailed-out banks. The board of PTSB, Ireland’s third-largest bank, said the decision was made with the support of its…
Statkraft divests $1.2 billion in assets as part of strategic overhaul
OSLO: Norwegian state-owned utility Statkraft AS said on Thursday it has signed deals to sell 13.5 billion crowns ($1.2 billion) worth of assets in the third quarter, a key step in a refocused strategy that comes as the company navigates lower power prices and hedging losses. The divestments, which include its district heating business and…
Switzerland’s Cicor to buy Britain’s TT Electronics in £287 million deal
LONDON: Swiss electronics manufacturer Cicor Technologies Ltd. has agreed to acquire British rival TT Electronics Plc in a recommended cash and share deal that values TT at approximately £287 million, the companies said on Thursday. The acquisition will create the largest pure-play global electronics manufacturing services (EMS) provider in the high-mix, low-volume sector, which focuses on…