LONDON, UK: Great Portland Estates plc (GPE) announced a property swap with the City of London Corporation (CLC). GPE has exchanged contracts to acquire the long leasehold interest at The Courtyard, 1/3 Alfred Place, WC1 for £28.6 million, or £462 per sq ft and the simultaneous sale of its short leasehold interest in 95/96 New…
Category: London Stock Exchange
News and updates from London Stock Exchange
Petra enters into long-term agreements for renewable energy procurement
LONDON, UK: Petra Diamonds Limited has entered into long-term Power Purchase Agreements (PPAs) for the procurement of wheeled renewable energy for its Cullinan and Finsch Diamond Mines from Etana Energy, a licenced South African energy trader. The PPAs will supply each operation between 36-72% of the expected load requirement from FY2026 onwards through utilising the…
European Green Transition signs option deal to develop carbon sink project in Ireland
LONDON: European Green Transition (EGT) has secured an option to develop a peatland restoration project at Altan farm in Donegal, Ireland. The project aims to generate carbon credits by restoring degraded peatland, which can significantly reduce greenhouse gas emissions. This project follows Scotland’s lead in peatland restoration, with EGT hoping to replicate successful projects there….
Tate & Lyle sells its remaining 49.7% interest in Primient to KPS Capital Partners
LONDON: Tate & Lyle PLC has announced the sale of its remaining 49.7% interest in Primient to KPS Capital Partners, LP, marking the completion of a six-year strategic overhaul aimed at positioning the company as a leader in specialty food and beverage solutions. The transaction, valued at 6.5 times EV/EBITDA for the year ended 31…
ITV announces investment in Strike, trading as Purplebricks
LONDON: ITV Plc today announced its latest Media for Equity investment, and its first of 2024, in online estate agent Strike, trading as Purplebricks. As part of ITV Adventures Invest, its Media for Equity investment fund, ITV has agreed to subscribe for £1.5 million convertible loan notes in Strike Limited, with the option for an…
Aptamer Group signs agreement with Timser Group for cervical cancer diagnostic
LONDON: Aptamer Group plc (AIM: APTA), a developer of novel Optimer® binders for the life sciences industry, has entered into an agreement with Timser Group, a pharmaceutical company specializing in women’s health. The deal, valued at up to £465,000, aims to revolutionize cervical cancer diagnostics. Under the terms of the agreement: Cervical cancer, the fourth…
Samarkand Group has acquired Optimised Energetics Ltd
LONDON, UK: Samarkand Group plc (AQSE:SMK) announced the acquisition of the entire share capital of Optimised Energetics Ltd. Optimised Energetics Ltd owns natural health and healing brands Natures Greatest Secret and BeNatural and manufactures premium skincare on a contract basis for Napiers the Herbalist. This acquisition brings new on-profile, high growth and high potential brands…
ME Group divests Sempa in strategic shift to core operations
LONDON, UK: ME Group, a leader in instant-service equipment, has announced the divestiture of its subsidiary, Sempa, to Food Machine Invest, a French entity. The transaction, completed on May 20, 2024, saw ME Group GSS relinquish its entire stake in Sempa for a cash sum of €4.6 million. The decision to sell comes after a…
Orcadian Energy secures provisional farm-in agreement and loan for SNS Licence Development
LONDON: In a significant move towards the development of its Southern North Sea (SNS) Licence, Orcadian Energy (AIM: ORCA) has announced a non-binding Heads of Agreement with a prospective farm-in partner. This preliminary agreement, revealed on May 7, 2024, grants the partner a period of commercial exclusivity and outlines the terms for a potential collaboration…
Hardide plc appoints Matt Hamblin as new CEO
LONDON: Hardide plc, the provider of advanced surface treatment solutions, has appointed Matthew (Matt) Hamblin, currently a non-executive director of the Company, as its new permanent CEO, effective from 3 June 2024. Steve Paul, who is currently serving as interim CEO, will continue to work closely alongside Matt in a sales and business development capacity….
Sondrel announces John Chubb as Chief Executive Officer Designate
LONDON: Sondrel (AIM: SND), a leading provider of ultra-complex chips for leading global technology brands, announced the intended appointment of John Chubb as Chief Executive Officer Designate. John Chubb is currently serving as Senior Responsible Officer (SRO) Core Delivery at Defence Equipment & Support (DE&S) within the UK Ministry of Defence, responsible for delivering this…
Admiral Acquisition Limited signs deal to acquire ASP Acuren Holdings for $1.85 billion
LONDON, UK: Admiral Acquisition Limited (LSE: ADMR) has entered into a definitive agreement with ASP Acuren Investco LP, an affiliate of funds managed by American Securities LLC, to acquire 100% of ASP Acuren Holdings Inc., the ultimate parent company of Acuren, a leading North American provider of critical asset integrity services, from American Securities, in…