LONDON: Helium Ventures plc announced Tuesday a series of strategic moves, including a proposed name change to VaultZ Capital plc, a £1.2 million ($1.5 million) equity fundraise and plans to establish a Bitcoin treasury function. The company entered a non-binding memorandum of understanding with Cayman Islands-based NewQube Holdings Ltd. to manage Bitcoin investments through a…
Category: London Stock Exchange
News and updates from London Stock Exchange
Playtech Plc signs deal to sell HAPPYBET Germany
LONDON: Playtech plc (LSE: PTEC), along with its subsidiaries (the “Playtech Group”), has announced a definitive agreement with NetX Betting Ltd., a subsidiary of Frankfurt-listed German operator pferdewetten.de AG, regarding the sale of its HAPPYBET business in Germany. The move follows Playtech’s decision to close its Austrian HAPPYBET operations in late 2024 and initiate a…
Seed Capital Solutions proposes acquisition of Cuarta Dimension Medica SL
LONDON: Seed, a London-listed company, said Thursday it has entered into non-binding heads of terms and an exclusivity agreement to acquire Spanish AI-driven imaging diagnostics firm Cuarta Dimension Medica SL (“4DM”). The proposed deal would see Seed issue new shares to 4DM’s shareholders, who would own approximately 90% of the enlarged company, while Seed’s existing…
Rentokil Initial to sell France Workwear Business to H.I.G. Capital for €410 million
LONDON: Rentokil Initial plc has entered into an agreement to sell its France Workwear business to H.I.G. Capital in a transaction valued at approximately €410 million ($465 million), the company announced Wednesday. According to details, H.I.G. Capital has signed a binding put option, committing to complete the acquisition once consultations with employee representatives and regulatory…
CapAI forms strategic AI alliance with U.S. based R42 Group
LONDON: CapAI plc (LSE: CPAI) announced Tuesday that it has entered into a strategic alliance agreement with U.S.-based venture capital firm R42 Group, Inc., in a move aimed at expanding early-stage artificial intelligence (AI) development opportunities. The AI alliance, effective June 1, strengthens CapAI’s three-pillar operating strategy of identifying, incubating, and inventing AI innovations. Under the agreement,…
Indonesia launches $167 million National Maritime Security System Project
JAKARTA: The Indonesian Coast Guard (Bakamla) has officially launched its National Maritime Security System (NMSS) project, a €167 million initiative in partnership with SRT Marine Systems plc, the company announced Tuesday. The project, which is set to unfold over two years, aims to enhance Indonesia’s maritime surveillance, command, control and communication capabilities. The system will…
Serco completes acquisition of Northrop Grumman’s MT&S Business
WASHINGTON: Serco Inc., the U.S. subsidiary of Serco Group, has finalized its acquisition of Northrop Grumman’s Mission Training and Satellite Ground Network Communications Software (MT&S) business following regulatory approvals, the company announced Tuesday. MT&S provides advanced mission training services and satellite ground network efficiency solutions for the U.S. military. The acquisition is expected to generate…
Defence Holdings PLC unveils 5-year strategic plan focused on emerging security technologies
LONDON: Defence Holdings PLC, trading as Defence Technologies, announced the release of its Five-Year Strategic Plan, outlining its strategy to expand in drone warfare, artificial intelligence, information operations and critical infrastructure defense to meet Europe’s evolving security needs. The company cited strong retail investor interest in its plans and emphasized a commitment to transparency as…
Elementis Plc announced sale of Talc business to IMI Fabi S.p.A
LONDON: Elementis plc, a global specialty chemicals company, today announced that it has simultaneously signed and completed the sale of its Talc business to IMI Fabi S.p.A, a global talc manufacturer, for an enterprise value of $121 million, with net cash proceeds after transaction costs in the region of $55 million. The Transaction follows the…
HGGC in talks for possible £0.81 per share acquisition offer for Inspired Plc
LONDON: Private equity firm HGGC, LLC confirmed Tuesday that it is in advanced discussions with Inspired Plc over a possible cash offer of 81 pence per share, a bid that could result in a full acquisition of the company. HGGC, the third party referenced in Inspired’s May 21 response to an unsolicited offer from Regent…
M&C Saatchi to acquire Dune 23 Sport & Entertainment Sports Events Marketing
LONDON: M&C Saatchi announced the signing of an agreement to acquire Dune 23 Sport & Entertainment Sports Events Marketing Co. L.L.C. (Dune 23). Dune 23 is an award-winning sports agency in Dubai and Abu Dhabi which, as a strategic bolt on acquisition, will integrate with our fast-growing UAE business and further enhance its leading sport…
RedBird Capital to acquire The Telegraph in £500 million deal
LONDON: U.S. private equity firm RedBird Capital Partners has reached an agreement in principle to acquire The Telegraph for £500 million, the company announced Friday, ending two years of uncertainty over the future of the British newspaper. The deal would make RedBird the sole controlling owner of The Telegraph, acquiring the stake currently held by RedBird…