LONDON: Primary Health Properties PLC (“PHP”) and Assura plc (“Assura”) announced Monday a recommended increased takeover offer for Assura, proposing a combination of cash and shares. The deal, structured under Part 28 of the U.K.’s Companies Act 2006, values Assura at approximately £1.79 billion ($2.27 billion). Under the revised terms, Assura shareholders would receive 0.3865 new…
Category: London Stock Exchange
News and updates from London Stock Exchange
Advent International to acquire Spectris Plc in £3.8 billion deal
LONDON: Spectris plc, a leading precision measurement company, has agreed to a recommended cash acquisition by MI Metron UK Bidco Ltd, an indirect subsidiary of funds managed by Advent International, the firms announced Monday. The deal, valued at approximately £3.8 billion ($4.8 billion), will see Spectris shareholders receive £37.63 per share, comprising £37.35 in cash…
Al Borg Scan acquires Cairo Ray for radiotherapy in EGP 400 million deal
LONDON: Integrated Diagnostics Holdings (IDH), a leading provider of diagnostic services in the Middle East and Africa, announced Thursday that its Egyptian subsidiary, Al Borg Scan, has acquired CAIRO RAY for Radiotherapy in a strategic EGP 400 million deal. The acquisition of the East Cairo-based facility marks a key step in IDH’s expansion into radiology…
Co-op secures £350 million sustainability-linked funding deal with major banks
MANCHESTER: The Co-operative Group Limited (Co-op) has secured a new £350 million ($445 million) five-year lending agreement tied to ambitious sustainability and social impact targets, bolstering its financial position and reinforcing its commitment to ethical business practices. The deal, announced Thursday, involves six major banking partners: HSBC, Barclays, ING, Lloyds, NatWest and Dutch co-operative bank…
Fidelity European Trust and Henderson European Trust agree to £2.1 billion combination
LONDON: Fidelity European Trust PLC (FEV) and Henderson European Trust PLC (HET) announced Thursday they have agreed to combine in a deal that will create the U.K.’s largest closed-ended investment vehicle focused on Europe, with anticipated net assets exceeding £2.1 billion ($2.7 billion). The proposed merger, structured under a scheme of reconstruction under the Insolvency…
Acer to delist Global Depositary Receipts from London Stock Exchange
TAIPEI: Acer Incorporated announced Tuesday it will delist its global depositary receipts (GDRs) from the London Stock Exchange (LSE) next month, citing low trading volume and cost efficiency. The decision follows a board meeting on March 13, where directors approved the move as part of a broader simplification effort across multiple jurisdictions. The company noted…
PZ Cussons sells stake in PZ Wilmar, Updates FY25 trading performance
LONDON: PZ Cussons plc announced Wednesday the sale of its 50% stake in Nigerian edible oils business PZ Wilmar to joint venture partner Wilmar International Limited for $70 million (£51 million). The sale, part of a broader portfolio transformation, is expected to net approximately $64 million (£47 million) after taxes and fees. Proceeds will be…
Valereum Plc appoints Gary Cottle as its new Chief Executive Officer
LONDON: Valereum Plc (AQSE: VLRM) announced the appointment of Gary Cottle as its new Chief Executive Officer (CEO), with immediate effect. Gary brings a wealth of leadership experience, spanning investment banking, digital infrastructure, and capital markets. His proven track record of strategic execution and innovation will be instrumental as Valereum accelerates its growth strategy and…
Sound Energy partners with Gaia for 270 MW solar project in Morocco, advances hydrogen exploration
LONDON: Sound Energy, a transition energy company, has signed an exclusive term sheet with renewable energy specialist Gaia Energy Ltd. to develop up to 270 megawatts of solar power capacity across multiple sites in Morocco, the company announced Tuesday. The proposed joint venture will leverage Morocco’s liberalized medium-voltage (MV) grid, targeting at least 10 locations…
Quadrise, Alder Energy sign deal to develop low-emission marine fuel
LONDON: Quadrise Fuels International (AIM: QED) has signed a joint development agreement with Alder Energy LLC, a U.S.-based biomass technology firm, to explore the use of Alder’s pyrolysis-derived products in biofuels for shipping and heavy industry. Alder Energy, known as Alder Renewables, specializes in upgrading pyrolysis oil into stable Alder Renewable Crude and associated products…
B.P. Marsh acquires 27% stake in London underwriting agency Cameron Specialty
LONDON: B.P. Marsh and Partners PLC (AIM:BPM), a specialist private equity investor in early-stage financial services firms, has acquired a 27% stake in Cameron Specialty, a London-based underwriting agency. The investment includes funding of up to £1.7 million ($2.2 million) through a combination of equity and a loan facility, part of which was drawn at completion….
Hansa Investment and Ocean Wilsons sign agreement for all-share merger
LONDON: The boards of Hansa Investment Company Limited (“Hansa”) and Ocean Wilsons Holdings Limited (“Ocean Wilsons”) said Tuesday they have reached a preliminary agreement on an all-share combination that would create a diversified global investment company with over £900 million ($1.14 billion) in net assets. Under the proposed deal, Hansa would acquire Ocean Wilsons, with Ocean Wilsons shareholders receiving new shares…