LONDON: LondonMetric and Urban Logistics have agreed to the terms of a recommended cash and share offer, paving the way for LondonMetric to acquire Urban Logistics in a deal valued at approximately £698.9 million. The acquisition will be carried out under a scheme of arrangement in accordance with Part 26 of the Companies Act, the…
Category: London Stock Exchange
News and updates from London Stock Exchange
Patrick Tiernan appointed as Lloyd’s CEO
LONDON: Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has today announced that Patrick Tiernan has been appointed as Chief Executive Officer (CEO) by the Council of Lloyd’s. Patrick will commence his tenure as Lloyd’s new CEO on 1 June 2025. Patrick joined Lloyd’s in May 2021 as the organisation’s first Chief of Markets, responsible for…
Van Elle Holdings announces five-year partnership with WS Specialist Logistics
NOTTINGHAMSHIRE: Van Elle Holdings plc, the United Kingdom’s largest ground engineering contractor, has entered a five-year partnership with WS Specialist Logistics Limited to consolidate its heavy haulage operations. As part of the agreement, WS Specialist Logistics will take over the management and operation of Van Elle’s heavy goods vehicle fleet, incorporating the company’s transport management…
Apax Funds to take Norva24 private
LONDON: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €14m in Norva24 Group AB on a look-through basis. On 7 May 2025, Apax XI Fund, acting through Nordahl BidCo AB, has had their recommended public offer to the…
TA Fund XP offers to acquire FD Technologies in £570 million deal
LONDON: TA Fund XP, through its subsidiary KAIROS Bidco, has agreed to acquire FD Technologies in a deal valued at approximately £570 million, the company announced Thursday. Under the terms of the recommended acquisition, shareholders of FD Technologies will receive £24.50 in cash per share. As an alternative, eligible shareholders may opt for Rollover Shares…
Redcentric appoints Michelle Senecal De Fonseca as CEO
LONDON: Redcentric announced Monday the immediate appointment of Michelle Senecal De Fonseca as chief executive officer. Senecal De Fonseca, who has served as a non-executive director of the company since February 2024, brings extensive experience in the technology sector. She previously held leadership roles at Vodafone as managing director of its Cloud and Hosting Services…
MHA Plc signs terms for €24 million acquisition of Baker Tilly South East Europe
LONDON: MHA Plc (AIM: MHA), a leading provider of audit and assurance, tax, accountancy, and advisory services, announced Wednesday that it has entered into a heads-of-terms agreement for the proposed acquisition of Baker Tilly South East Europe Holdings Limited (BTSEE) at a total maximum consideration of approximately €24 million. The announcement was made at the…
Ovoca Bio to acquire Tadeen International in reverse takeover
DUBLIN: Ovoca Bio PLC has entered into a conditional letter of intent to acquire 100% of U.K.-based Tadeen International Limited, which holds mineral exploration licenses in Morocco for copper and silver. The deal, structured as a reverse takeover under AIM rules, requires shareholder approval and the publication of an admission document. Ovoca appointed Beaumont Cornish…
Star Energy, Veolia partner to develop geothermal projects in UK
LONDON: Star Energy Group (AIM: STAR) has signed a memorandum of understanding with Veolia, Europe’s decarbonizing energy leader, to develop large-scale geothermal projects in the U.K., the companies announced Tuesday. The partnership aims to support the U.K.’s net-zero goals by harnessing geothermal energy, a constant and low-carbon heat source, to replace fossil fuels in district…
Mast Energy announces growth partnership, trading updates
LONDON: Mast Energy Developments (MED) announced updates Tuesday on its growth capital partnership with Powertree, trading revenues from its Pyebridge site and changes in significant shareholdings. The company finalized a binding investment agreement with Powertree (Holdings) Ltd, formalizing a long-term partnership to fund flexible power generation projects. Under the deal, Powertree will invest up to…
Helium One Global updates on successful drilling at Galactica Project in Colorado
LONDON: Helium One Global (AIM: HE1), a primary helium explorer with a 50% working interest in the Galactica-Pegasus helium development project in Colorado, has provided an update following partner Blue Star Helium’s (ASX: BNL) latest announcement. The Jackson-2 well, part of the Galactica Project, was successfully drilled to a total depth of 1,232 feet (375…
MTI Wireless Edge increases stake in subsidiary PSK amid defense sector growth
LONDON: MTI Wireless Edge. (AIM: MWE), a technology group specializing in communication and radio frequency solutions, announced Tuesday that its subsidiary MTI Summit Electronics Ltd. has increased its ownership in P.S.K Wind Technologies Ltd. (PSK) through a new equity investment of 600,000 Israeli shekels (approximately $170,000). Following the investment, MTI Summit now holds a 60%…