DALLAS-FORT WORTH: HyProMag USA, LLC, a joint venture between CoTec Holdings Corp. (TSXV: CTH; OTCQB: CTHCF) and Mkango Resources Ltd. (AIM/TSX-V: MKA), has received a letter of interest from the U.S. Export-Import Bank (EXIM) for up to $92 million in financing to support its first integrated rare earth recycling and magnet manufacturing facility in Texas….
Category: London Stock Exchange
News and updates from London Stock Exchange
Hercules plc has acquired Quality Transport Training Ltd
LONDON: Hercules plc (AIM: HERC), a leading technology-enabled labour supply company for the UK infrastructure and construction sectors, announced the acquisition of the business and assets of Quality Transport Training Ltd (“QTT”). QTT has a proven track record of supporting unemployed individuals into work through fully funded training programmes, often in partnership with local authorities,…
EARNZ Holdings to acquire A&D for up to £2.8 million in cash and shares
LONDON: EARNZ Holdings Limited, a wholly owned subsidiary of its parent company, has agreed to acquire the entire share capital of A&D for a maximum consideration of £2.8 million, the companies announced. The deal includes an initial payment of £1.3 million, consisting of £840,000 in cash at closing, £200,000 held in escrow contingent on A&D…
EDF Energy Customers to acquire Pod Point Group Holdings PLC in £10.6 Million Deal
LONDON: EDF Energy Customers Limited (EDF) has agreed to acquire Pod Point Group Holdings PLC (“Pod Point”) in a recommended cash deal valued at approximately £10.6 million, the companies announced Thursday. Under the terms of the acquisition, Pod Point shareholders will receive 6.5 pence per share, a 24% premium over the closing price of 5.24…
The Smarter Web Company begins trading on OTCQB Venture Market in U.S.
LONDON: The Smarter Web Company PLC (AQUIS:SWC / OTCQB:TSWCF), a London-listed technology firm, announced Wednesday that its shares have been approved for trading on the OTCQB Venture Market in the United States. Trading under the symbol “TSWCF” will begin at the market open. The company’s ordinary shares will continue to trade on the Aquis Stock…
Oakley Capital to acquire majority stake in Italian Join Business Management Consulting
LONDON: Oakley Capital Investments Ltd. said Wednesday its Origin II fund has agreed to acquire a majority stake in Join Business Management Consulting (JBMC), an Italian management and IT consultancy focused on the financial services sector. Join Business Management Consulting, based in Siena, provides digital transformation, IT project management and data-driven services to major Italian…
KKR, Stonepeak raise cash offer for UK’s Assura in takeover bid
LONDON: Private equity firms KKR and Stonepeak have increased their cash offer for Assura plc, a UK-based healthcare property company, in a bid to outcompete a rival takeover attempt by Primary Health Properties (PHP). The consortium, operating through newly formed Sana Bidco Limited, announced Wednesday its “best and final” cash offer of 50.42 pence per…
Oakley Capital acquires majority stake in global advisory firm G3
LONDON: Oakley Capital VI, a fund managed by pan-European private equity firm Oakley Capital, has acquired a majority stake in G3, a global strategic advisory consultancy. The transaction marks the fund’s first investment since reaching its €4.5 billion hard cap earlier this year. Oakley Capital Investments Limited said its indirect contribution via Fund VI is…
WPS Global offers to acquire Ricardo Plc for $358 million
LONDON: WSP Global Inc., a leading professional services firm, has agreed to acquire British engineering and environmental consultancy Ricardo PLC in a deal valued at approximately £281 million ($358 million). Under the terms of the acquisition, Ricardo shareholders will receive 430 pence per share in cash, representing a 28% premium over Ricardo’s closing price of 335 pence on June…
Oxford Instruments to sell its NanoScience business to Quantum Design International
LONDON: Oxford Instruments plc, a leading provider of high technology products and services to industry and scientific research communities, today announced that it has entered into a binding agreement to sell its quantum-focused business Oxford Instruments NanoScience to Quantum Design, International Inc. for a £60 million total cash consideration, including up to £3m of deferred…
Lords Group has acquired CMO Group Limited
LONDON: Lords Group Trading, one of the UK’s largest specialist distributors of building materials, has acquired the trade and assets of CMO Group Limited (CMO), the UK’s largest online-only retailer of construction products following a CMO pre-pack administration process. The acquisition brings together Lords’ infrastructure and merchanting expertise with CMO’s digital-first online model and reflects Lords’…
Rome Resources discovers new tin zone at Bisie North Project in DRC
KINSHASA: Rome Resources Plc (AIM: RMR), a tin and base metals explorer focused on the Democratic Republic of the Congo, announced Monday the discovery of a new tin zone on the eastern flank of its Mont Agoma prospect at the Bisie North project in North Kivu Province. Key Findings: Details: Drill hole MADD030, northeast of known…