LONDON: ImmuPharma PLC, a specialist drug discovery and development company, has announced a positive and comprehensive update on its financial situation and its portfolio of products. The company, which is listed on the London Stock Exchange’s AIM market, said it has enough funds for its immediate needs and does not plan to raise more equity…
Category: London Stock Exchange
News and updates from London Stock Exchange
Breedon Group acquires US concrete supplier BMC Enterprises for $300m
LONDON: Breedon Group plc, a leading construction materials group in Great Britain and Ireland, has announced the acquisition of BMC Enterprises Inc., a supplier of ready-mixed concrete, aggregates and building products based in St Louis, Missouri, for an enterprise value of $300m (£238.1m). The deal, which is expected to close by 7 March 2024, will…
HydrogenOne backs Sunfire GmbH’s EUR 500 million funding round
LONDON: HydrogenOne Capital Growth plc, a London-listed fund investing in clean hydrogen, has announced its participation in a EUR 500 million funding package for Sunfire GmbH, a leading electrolyzer manufacturer. The package includes a EUR 215 million Series E equity round, a EUR 100 million term loan from the European Investment Bank (EIB), and EUR…
CEVA Logistics withdraws bid for Wincanton after rival offer
LONDON: CEVA Logistics UK Rose Limited, a subsidiary of French shipping giant CMA CGM S.A., has decided to drop its bid for British logistics company Wincanton plc after a competing offer emerged. CEVA had agreed to buy Wincanton for £1.2 billion in cash in January, in a deal that would have created a leading logistics…
Bank of Georgia Group to buy Armenian bank Ameriabank for $303.6 million
LONDON, UK: Bank of Georgia Group PLC (BOGG), a leading banking and investment group in Georgia, announced on Monday that it has agreed to acquire 100% of Ameriabank CJSC, a leading universal bank in Armenia, for approximately $303.6 million in cash. The acquisition, which is subject to shareholder and regulatory approvals, will significantly enhance the…
Onfido in talks with US firm Entrust for potential sale
LONDON, UK: Onfido, a UK-based fintech company that provides identity verification solutions using artificial intelligence and machine learning, is in exclusive negotiations with Entrust, a US-based company that specializes in payments, identities and data security, for a possible acquisition. The deal, if finalized, would be the sixth exit for Augmentum Fintech, Europe’s leading publicly listed…
Semper Fortis Esports to acquire Good Life+ for £10m in shares
LONDON, UK: Semper Fortis Esports has announced that it will acquire Good Life+, a monthly membership and daily prize draw business, for £10 million in shares. The deal will be completed by issuing 500 million new ordinary shares to the shareholders of Good Life+ at 2 pence per share. Semper Fortis Esports had previously subscribed…
Brooks Macdonald Group appoints Maarten Slendebroek as Chairman
Brooks Macdonald Group plc, the AIM listed investment management group, announced the appointment of Maarten Slendebroek as Chairman, subject to regulatory approval, and as Non-Executive Director with immediate effect.
AstraZeneca’s Truqap approved in US for advanced breast cancer
LONDON: AstraZeneca announced that its drug Truqap (capivasertib) has received approval from the US Food and Drug Administration (FDA) for the treatment of a specific type of advanced breast cancer. Truqap is a first-in-class medicine that targets the PI3K/AKT pathway, which is involved in cancer growth and resistance to therapy. Truqap is approved for use…
FirstGroup partners Hitachi for its bus fleet and infrastructure decarbonisation programme
LONDON, UK: FirstGroup plc has agreed a strategic partnership with Hitachi as part of the Group’s bus fleet and infrastructure decarbonisation programme. The partnership will provide the following: Graham Sutherland, FirstGroup Chief Executive Officer said: “The pioneering alliance with Hitachi is a major strategic partnership for the Group as we progress towards our ambitious 2035…
Smiths News secures new 5-year contract with Marketforce UK
LONDON: Smiths News has secured a new five year contract with the magazine distributor Marketforce (UK) Limited. The new agreement secures all of Smiths News’ current distribution territories in the UK with Marketforce through to 2029, representing 31% of our magazine revenues and 9% of our total newspaper and magazine revenues. Marketforce is part of…
Schroder’s EasyPark Group intends to acquire Flowbird Group
LONDON, UK: Schroder British Opportunities Trust plc confirmed that one of its private equity investments, EasyPark Group, one of the global leaders in mobile paid parking, has announced its intention to acquire Flowbird Group, a global mobility player providing integrated parking and transportation solutions. The deal is subject to customary approvals by relevant authorities and…