CAIRO: EFG Hermes, the premier investment bank in the MENA region and a subsidiary of EFG Holding, has announced the acquisition of a minority stake in the Danish digital wealth management firm, Kenzi Wealth. This strategic investment is set to transform the landscape of personalized, digital investment solutions. EFG Hermes has also signed a memorandum…
Category: London Stock Exchange
News and updates from London Stock Exchange
Stuart Jubb to be new CEO of Crossword Cybersecurity Plc
LONDON, UK: Crossword Cybersecurity Plc (AIM:CCS), the cybersecurity solutions company focused on cyber strategy and risk, announced that with effect from 1 August 2024, Tom Ilube, Crossword’s current CEO, will step up to non – executive Chair and Stuart Jubb, who is currently Group Managing Director, will take on the CEO role. The current Chair,…
Advanced Energy Industries proposes to acquire XP Power Limited for £468 million
LONDON, UK: Advanced Energy Industries, Inc. (Nasdaq: AEIS), a global leader in precision power conversion, has made a public offer to acquire XP Power Limited (LSE: XPP). The offer, detailed in a series of escalating bids, culminated in a £19.50 per share cash proposal, valuing XP Power’s equity at a staggering £468 million. The journey…
CVS Group announces disposal of non-core operations in the Netherlands and Ireland
LONDON: CVS Group Plc, the UK listed veterinary group and a leading provider of veterinary services announced the disposal of its non-core operations in the Netherlands and the Republic of Ireland. In light of the Group’s significant investment opportunities in Australia and through capital expenditure in its existing UK operations, CVS has reviewed its Netherlands…
AstraZeneca to deliver $80 billion revenue by 2030
LONDON: AstraZeneca revealed its bold ambition to deliver $80 billion in Total Revenue by 2030, up from $45.8 billion in 2023. This will be achieved through significant growth in its existing oncology, biopharmaceuticals and rare disease portfolio, and by launching an expected 20 new medicines before the end of the decade. To drive sustained growth…
AFC Energy to power Niftylift’s innovative hydrogen-electric platforms
LONDON: AFC Energy (AIM: AFC), a pioneer in hydrogen power generation technology, has announced a strategic partnership with Niftylift, one of Europe’s leading mobile elevating work platform manufacturers. This collaboration is set to revolutionize the industry with the integration of AFC’s S Series fuel cell modules into Niftylift’s cutting-edge Hydrogen-Electric (H2E) range. John Keely, Managing…
Helical plc sells 50% stake in 100 New Bridge Street for £55 million
LONDON: Helical plc has entered into a joint venture arrangement for the redevelopment of 100 New Bridge Street, London EC4 selling a 50% interest for £55 million on a preferred equity basis to a vehicle led by Orion Capital Managers. The building, originally completed in 1992, will be taken back to the frame and comprehensively…
AstraZeneca announces $1.5 billion investment in Singapore manufacturing
LONDON: AstraZeneca has unveiled plans to construct a state-of-the-art manufacturing facility in Singapore, dedicated to the production of antibody drug conjugates (ADCs). This $1.5 billion venture marks the company’s first foray into manufacturing within Singapore and represents a significant step in enhancing the global supply of its ADC portfolio. ADCs, which are at the forefront…
EQT Group makes final offer to acquire Keywords Studios for 2,450 pence/share
RECOMMENDED FINAL CASH OFFER LONDON, UK: The Board of Keywords Studios plc confirms that it is in advanced discussions with a fund which is part of the EQT Group regarding a possible cash offer of 2,550 pence per share to acquire the entire issued and to be issued share capital of Keywords Studios. Keywords Studios…
Bigblu Broadband announces disposal of Brdy AS and Brdy Nordics AS
LONDON, UK: Bigblu Broadband plc has announced the sale of its Norwegian operations, Brdy AS and Brdy Nordics AS, to Brdy Holding AS, a company formed by the Norwegian Management Team and former CEO Andrew Walwyn. The enterprise value of the units sold is £1.3 million, with an initial consideration of £1 and potential additional…
British Land sells 50% stake in Meadowhall Shopping Centre to Norges Bank for £360m
LONDON, UK: In line with its strategy to focus on retail parks and reduce exposure to covered shopping centres, British Land announced that it has exchanged contracts for the sale of its 50% stake in Meadowhall Shopping Centre to its partner Norges Bank Investment Management for £360m. This follows the sale of some ancillary land…
Victorian Plumbing has acquired AHK Designs (Victoria Plum) for £22.5m
LONDON, UK: Victorian Plumbing (AIM: VIC), the UK’s leading bathroom retailer, announced the acquisition of the entire issued share capital of AHK Designs Ltd, trading as Victoria Plum on 17 May 2024, by Victorian Plumbing Limited, a subsidiary of the Company. Victoria Plum is an online only UK bathroom retailer, headquartered in Doncaster, UK. The…