COPENHAGEN: Danish energy company Ørsted has completed the sale of a 24.5% stake in the West of Duddon Sands Offshore Wind Farm to Schroders Greencoat for £456.1 million (approximately DKK 4 billion). The transaction, part of Ørsted’s partnership and divestment program, was finalized on April 30, 2025. Located 14 kilometers off the UK’s west coast,…
Category: London Stock Exchange
News and updates from London Stock Exchange
Aquila European Renewables announces sale of Portuguese hydropower interest
LONDON: Aquila European Renewables plc (AERI), a London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH, has announced the sale of its 18% stake in the Portuguese hydropower asset Sagres. The sale comes as part of the company’s ongoing managed wind-down process approved by shareholders in September 2024. AERI’s board revealed on Wednesday that it…
Ofgem unveils transformational regulatory framework for local electricity networks
LONDON: Britain’s energy regulator, Ofgem, has announced a sweeping new regulatory framework aimed at revolutionizing local electricity networks as part of the nation’s transition to clean power. The blueprint, unveiled Wednesday, sets the stage for a five-year funding period beginning in 2028 and is expected to drive a historic expansion in the country’s electricity distribution…
BUNZL announces acquisitions in Chile and The Netherlands
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces that it has signed an agreement to acquire a business in Chile and has completed the acquisition of a business in the Netherlands. Bunzl has entered into an agreement to acquire Hospitalia, one of the largest healthcare distributors in Chile. The business distributes…
Jade Biosciences merges with Aerovate Therapeutics
LONDON: RTW Biotech Opportunities Ltd , the London Stock Exchange-listed investment company focused on identifying transformative assets with high growth potential across the life sciences sector, announcement by one of its portfolio companies, Jade Biosciences (“Jade”), of the closing of its merger with Aerovate Therapeutics (“Aerovate”). The combined company will operate as “Jade Biosciences, Inc.” and…
Entain plc appoints Stella David as permanent CEO
LONDON: Entain plc (LSE: ENT), the global sports betting and gaming group, announces that Stella David has been appointed as permanent Chief Executive Officer (“CEO”), effective immediately. Pierre Bouchut, Interim Chair of Entain, said: “The Board is delighted to have appointed Stella as CEO. She is an accomplished and commercial business leader with a long…
Mobico Group CEO Ignacio Garat steps down
LONDON: Mobico Group Plc announces that Ignacio Garat, CEO, will be stepping down from his position with effect from 30 April 2025. Ignacio joined Mobico in 2020 and will remain with the Group for the next three months, moving to an advisory role to support a smooth transition. The Board will launch a search for…
Bakkavor Group agrees to sell China operations for £50 million
LONDON: Bakkavor Group plc, a leading international provider of fresh prepared food, has entered into a binding agreement to sell its China operations, with the sale of the entire issued share capital of Bakkavor China Holdings Limited (“BCHL”) to Lihe Xing (Qingdao) Food Technology Co. Ltd., wholly owned by Lihoo’s (Qingdao) Food Industry Company Limited…
Nanoco Group signs joint development agreement with Asian partner
LONDON: Nanoco Group plc (LSE: NANO), a leading developer and manufacturer of cadmium-free quantum dots and nanomaterials, has signed a major new Joint Development Agreement (JDA) with a second Asian chemical customer, the company announced Monday. The one-year program aims to optimize lead-free nanomaterials for use in global electronics applications, with plans to scale up…
80 Mile plc enters agreement for energy exploration in Greenland
LONDON: 80 Mile PLC, a mineral and energy exploration company with projects in Greenland and a biofuels plant in Italy, announced Monday that it has entered into a binding agreement with Texas-based March GL Company to fund stratigraphic research drilling at the Jameson industrial gas and liquids project in Greenland. Under the terms of the…
Petro Matad secures oil sales agreement for Block XX Ccude
LONDON: Petro Matad Limited, a publicly listed Mongolian oil company, has successfully inked an Oil Sales Agreement with PetroChina Daqing Tamsag, marking a key milestone in the commercialisation of Block XX crude oil production. The agreement, finalized on April 28, 2025, covers storage, processing, transport, and export arrangements for crude oil produced from Block XX….
MHP now holds 91.77% of Grupo UVESA
LONDON: MHP, an international food and agriculture company, has successfully concluded the adherence period related to its Share Purchase Agreement (SPA) with Grupo UVESA, a leading poultry producer in Spain. With additional adherence deeds signed since March 20, 2025, MHP now holds 91.77% of UVESA’s share capital. Dr. John Rich, Executive Chairman of MHP’s Board…