LONDON, UK: Tekmar Group plc (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, announced that AgileTek Engineering Limited has entered into an agreement to acquire the remaining shares of Ryder Geotechnical Limited not already owned by it. AgileTek Engineering is a wholly owned subsidiary of the Tekmar Group….
Category: London Stock Exchange
News and updates from London Stock Exchange
Fintel Plc acquires two fintech firms to expand its services and ratings
LONDON, UK: Fintel Plc, the leading provider of fintech and support services to the UK retail financial services sector, has announced the acquisition of two fintech firms, VouchedFor and AKG, to broaden its services and ratings for the advice market. VouchedFor is a leading review site for financial advisers, mortgage advisers, solicitors and accountants, serving…
JPMorgan UK Smaller Companies Investment Trust to merge with JPMorgan Mid Cap Investment Trust
LONDON, UK: JPMorgan UK Smaller Companies Investment Trust plc (JMI) has announced that it has agreed to combine with JPMorgan Mid Cap Investment Trust plc (JMF) in a deal that will create a larger and more diversified fund focused on UK smaller companies, a statement noted. The deal will be implemented by a scheme of…
Jadestone Energy acquires additional interest in the CWLH oil fields
SINGAPORE: Jadestone Energy plc, an independent oil and gas production company focused on the Asia-Pacific region, has executed a sale and purchase agreement with Japan Australia LNG (MIMI) Pty Ltd to acquire the Seller’s non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes (CWLH) oil fields development, offshore Western Australia, for a total…
Glencore plc to acquire 77% interest in Teck’s Elk Valley Resources for US$6.93 bn
LONDON, UK: Glencore plc has entered into a binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources (EVR), for US$6.93 bn in cash, on a cash free debt free basis, subject to a normalised level of working capital. Concurrently,…
LEBC Holdings agrees to sell Aspira Corporate Solutions to Titan Wealth
LONDON, UK: LEBC Holdings Limited (LEBC) has entered into a conditional agreement to sell Aspira Corporate Solutions Limited (Aspira), a wholly-owned subsidiary, to Titan Wealth Holdings Limited, a deal that signifies a pivotal move in their business trajectory. B.P. Marsh’s investment in LEBC, initiated in 2007, centered around LEBC Group Limited, an independent financial advisory…
Saint-Gobain signs deal to acquire Saudi Arabia based Izomaks Industries
LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Izomaks Industries LLC (Kingdom of Saudi Arabia), a leading manufacturer of waterproofing products (floors, roofs) in Saudi Arabia, a statement said. Izomaks Industries operates two manufacturing facilities in Riyadh, employs around 140 people and will generate revenues of approximately €60 million in 2023. This…
Marwyn Value Investors Limited invests in Zegona’s acquisition of Vodafone Spain
LONDON, UK: Marwyn Value Investors Limited (MVIL) has announced that its funds managed by Marwyn Investment Management LLP have participated in a €300 million (£262 million) equity placing by Zegona Communications Plc, a notice said. Zegona is a company that follows a ‘Buy-Fix-Sell’ strategy in the European TMT sector. Zegona has recently agreed to buy…
HICL disposes of University of Sheffield accommodation for £18m
LONDON, UK: The Board is pleased to announce that HICL has entered into an agreement to dispose of its entire equity interests in the University of Sheffield Accommodation Project for a consideration of c. £18m. Proceeds from the sale represent a small premium to the Company’s last audited valuation at 31 March 2023, which has…
Atalaya Mining plans to move to the Main Market and leave AIM
LONDON, UK: Atalaya Mining Plc (AIM: ATYM) has announced its intention to apply for a premium listing on the Main Market of the London Stock Exchange plc, and to stop trading on the AIM market. Atalaya is a leading European copper producer, which is a key metal for economic growth and the energy transition. Atalaya…
Carr’s Group announces leadership changes and results date
LONDON, UK: Carr’s (CARR.L), the Speciality Agriculture and Engineering group, has revealed some changes to its leadership team, as well as the date for its annual results. As announced earlier, Peter Page, the current Chief Executive Officer, will leave the Board and the Company on 17 November 2023. He will be succeeded by David White,…
Dar Global announces expansion into Saudi Arabia
LONDON, UK: Dar Global, the luxury international real estate developer, is strategically expanding its geographical presence to include Saudi Arabia given several promising opportunities that have been presented and which are currently being evaluated by the management team. The Group will continue to focus on its strategy of delivering high-end, bespoke investment opportunities to affluent…