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…
Category: London Stock Exchange
News and updates from London Stock Exchange
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…
Real Good Food plc sells Rainbow Dust Colours to European Fermentation Products
LONDON, UK: Real Good Food plc, (AIM: RGD), the food manufacturing business specialising in cake decoration, has sold the business and certain assets of Rainbow Dust Colours (RDC) to European Fermentation Products Limited for a total cash consideration of £800,000. The disposal provides JF Renshaw cash to help fund its working capital during the busy…
Hill & Smith plc acquires United Fiberglass of America for $14 million
LONDON, UK: Hill & Smith plc, the international provider of sustainable infrastructure products and services, today announced the acquisition of United Fiberglass of America Inc. Hill & Smith plc has completed the acquisition of the business and assets of United Fiberglass from a charitable foundation. The management team will be staying with the business. The…
Justin Platt appointed Marston’s PLC CEO, as Andrew Andrea steps down
LONDON, UK: Marston’s PLC today announced that Andrew Andrea has agreed with the Board that he will step down as Chief Executive Officer with immediate effect. He will, however, be available to the business for a period to ensure a smooth handover of responsibilities. The Board wishes to take this opportunity to express its gratitude…
H.I.G. Capital reaches agreement to acquire DX Group for £314.8 million
LONDON, UK: Transit Bidco Limited, an indirectly wholly-owned subsidiary of funds advised or managed by H.I.G. Capital LLC reached agreement on the terms of a recommended cash acquisition to acquire DX Capital Group, according to a notice. Under the terms, each DX shareholders will be entitled to receive 48.5 pence/share valuing DX’s entire issued and…