LONDON: Tritax EuroBox plc has exchanged contracts for the disposal of its warehouse asset in Gothenburg, Sweden for a price of SEK 385 million to a leading pan-European real estate investment manager. The sale price is broadly in line with the valuation as at 30 September 2023 and supports the Company’s planned disposal programme primarily…
Category: London Stock Exchange
News and updates from London Stock Exchange
Caspian Sunrise nears $83 million asset sale to Absolute Resources
LONDON: Caspian Sunrise PLC is set to selling its MJF and South Yelemes structures within the BNG Contract Area to Absolute Resources LLP for $83 million. The exclusivity agreement, valid until 8 August 2024, could lead to a conditional sale and purchase agreement subject to regulatory and shareholder approval. The proposed sale would not include…
Ofgem proposes end of the ban on acquisition-only tariffs
LONDON: Energy regulator Ofgem has today (Tuesday 14 May, 2024) published a statutory consultation proposing the removal of the ban on acquisition-only tariffs (BAT) on 1 October, 2024. The BAT was introduced in April 2022 to protect consumers during the energy crisis, and was always designed to be a time-limited measure. As the market continues…
Oakley Capital has agreed to acquire vitroconnect in Germany
LONDON: Oakley Capital Investments Limited (OCI) announced that Oakley Capital Origin II2 (Origin II) has agreed to acquire vitroconnect, a leading broadband open access platform business in Germany. This will be the first platform investment made by Origin II. OCI’s indirect contribution to Origin II is anticipated to be up to £19 million, which relates…
Serica Energy plc appoints Chris Cox as Chief Executive Officer
LONDON: Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announced the appointment of Chris Cox as Chief Executive Officer (“CEO”). This will take effect on 1 July 2024, with David Latin (Chairman of Serica) ceasing his temporary role as Interim CEO at the same time. Chris Cox has over forty…
Active Energy explores strategic sale of CoalSwitch assets
LONDON: In a recent business update, Active Energy, a leader in the biomass-based renewable energy sector, has announced its engagement in strategic discussions for the potential sale of its CoalSwitch® assets. Following the announcement on April 9, 2024, the company has received several proposals which are currently under the Board’s review. The Board remains optimistic…
Unite Students sells £184 million worth of properties to PGIM Real Estate
LONDON, UK: Unite Students, the UK’s leading owner, manager and developer of student accommodation, today announced the sale of six properties to PGIM Real Estate for £184 million (Unite share: £76 million). The properties, comprising 2,948 beds, are located in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield and have an average age of 18 years…
Vicki Carter appointed Bendigo and Adelaide Bank Chair
LONDON: The Bendigo and Adelaide Bank Board of Directors today have confirmed that Vicki Carter’s appointment as Chair has become permanent, following her appointment as Interim Chair on 17 April. David Foster has stepped down as Chair and remains on a leave of absence. Vicki joined the Board in September 2018 and has over 30…
Amur Minerals Corporation acquires Extruded Pharmaceuticals
LONDON: Amur Minerals Corporation, now an AIM Rule 15 cash shell, has executed a sale and purchase agreement to acquire Extruded Pharmaceuticals Limited (EPL), a UK-based innovator in cancer treatment technology. The acquisition, valued at £5.5 million, will be satisfied through the issuance of 23,939,986 new ordinary shares. This strategic acquisition is a reverse takeover…
NetScientific plc expands management with Martlet Capital’s portfolio
LONDON, UK: NetScientific plc, the deep tech and life sciences VC investment group, has announced a significant expansion of its venture capital and corporate finance operations. The company’s subsidiary, EMV Capital Limited, has been appointed to manage Martlet Capital Limited’s approximately £23.3 million investment portfolio. Additionally, EMV Capital has acquired the operational venture capital business…
Atrato Onsite Energy announces £6.4 million solar investments
LONDON: Atrato Onsite Energy plc (LSE: ROOF), the investment company focusing on clean energy generation, announced two solar investments for a combined consideration of £6.4m. The investments comprise 9.5MW of solar capacity and are expected to deliver long dated, highly visible, contracted cashflows with annual uplifts. Automotive portfolio The Company has acquired an operational portfolio…
MISSION Group rejects Brave Bison’s takeover bid
LONDON, UK: MISSION Group plc has firmly rejected an unsolicited takeover proposal from Brave Bison Group plc, citing the offer as opportunistic and significantly undervaluing the company. The offer, made on April 29, 2024, suggested an all-share exchange ratio of 11.5 Brave Bison shares for each MISSION share, valuing each MISSION share at approximately 29…