Category: London Stock Exchange

News and updates from London Stock Exchange

Tight gas discovery in Sindh, Pakistan by OGDCL

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In a significant development for Pakistan’s energy sector, the Oil & Gas Development Company Limited (OGDCL) has announced a new tight gas discovery at its exploratory well, Nur West #01, in the district of Sujawal, Sindh Province. The well, which is fully operated by OGDCL, is part of the Nur Development & Production Lease (D&PL)…

Sirius Real Estate completes over €100 million of acquisitions in Germany and UK

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LONDON, UK: Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., has completed on four previously announced notarised acquisitions in Germany and the U.K., totalling over €100 million in aggregate. These include: Vantage Point Business Village in Gloucestershire, U.K.,…

Caspian Sunrise acquires CS Energy LLP for $15 million

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LONDON: Caspian Sunrise has announced the successful execution of documents for the acquisition of CS Energy LLP, the license holder of the West Shalva contract area, for a total consideration of up to $15 million. The acquisition hinges on several conditions, including the crucial approval from the company’s shareholders at the upcoming General Meeting scheduled…

Faron Pharmaceuticals appoints Dr. Juho Jalkanen as new CEO, as Dr. Markku steps down

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TURKU, FINLAND: Faron Pharmaceuticals Ltd. (AIM: FARN), a clinical-stage biopharmaceutical company pursuing a CLEVER approach to reprogramming myeloid cells to activate anti-tumor immunity in hematological and solid tumor microenvironments, today announced that its Chief Executive Officer (CEO) Dr. Markku Jalkanen, who turns 70 later in 2024, has informed the Board of Directors of his wish…

Juuso Heinilä appointed new CEO of Finnvera plc

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LONDON: The Board of Directors of Finnvera plc has appointed M.Sc. (Tech.), M.Sc. (Econ.) Juuso Heinilä CEO of the company as of 1 June 2024. Heinilä has been working at Finnvera since 2016. Currently, he acts as Executive Vice President responsible for SME and midcap financing at Finnvera. Before this, he had worked as regional…

Obsidian Therapeutics secures $160.5 million in oversubscribed Series C Funding

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CAMBRIDGE: Obsidian Therapeutics, Inc., a trailblazer in engineered cell and gene therapies, has successfully completed a $160.5 million Series C financing round. This round was notably oversubscribed and led by Wellington Management, a new investor in the company. The funding round saw participation from a host of new investors, including Foresite Capital, Janus Henderson Investors,…

SYME advances in fintech with partnerships and innovative monetisation solutions

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In a recent business update following the announcement on February 29, 2024, Supply@ME Capital plc (SYME), a pioneering fintech company, has reported significant progress in its Inventory Monetisation© (IM) solutions. These solutions are designed to enhance cash flow for manufacturing and trading companies through a cutting-edge fintech platform. White-label IM Business Line Progressing SYME, in…

Agronomics invests US$ 10 million in Liberation Labs

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LONDON, UK: Agronomics (LSE: ANIC) has invested US$ 10 million in its portfolio company Liberation Labs Holding Inc. as part of a wider US$ 12.5 million financing round with participation from existing investor Siddhi Capital. The investment was made in the form of a Secured Convertible Promissory Note (SCPN), a form of convertible debt, for…

Experian signs deal to acquire illion for A$820 million

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LONDON, UK: Experian, the global information services company, has signed an agreement to acquire illion, one of the leading consumer and commercial credit bureaus in Australia and New Zealand. The acquisition of 100% of illion is for a total consideration of up to A$820m (c.US$532m), payable on completion of the transaction and to be funded…