LONDON: Haleon plc has entered into an agreement to acquire the remaining 12% equity interest in its Chinese over-the-counter (OTC) joint venture, Tianjin TSKF Pharmaceutical Co., Ltd., from partner Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited, the company announced Tuesday. The acquisition, valued at approximately 1.623 billion renminbi (£0.2 billion), follows Haleon’s purchase of a…
Category: London Stock Exchange
News and updates from London Stock Exchange
Ofgem fast-tracks clean power plugging into Britain’s electricity grid
LONDON:L Ofgem has approved historic reforms to fast-track clean power plugging into Britain’s electricity grid – with the new system launched by the end of May. The new connections regime abolishes the broken ‘first-come, first-served’ system. This meant unviable, stalled or speculative ‘zombie’ projects blocked hundreds of wind, solar and energy storage developments from connecting, with…
Drax Group to acquire HEIT in £199.9 million deal
LONDON: The boards of HEIT and Drax Bidco announced Tuesday they have agreed to terms for a recommended cash acquisition in which Drax Bidco, a wholly owned subsidiary of Drax Group PLC, will acquire all issued shares of HEIT. The deal, valued at approximately £199.9 million ($253 million), will be executed through a court-sanctioned scheme…
Atlas FRM’s bidco offers to acquire De La Rue in £263 million deal
LONDON: ACR Bidco, a company wholly owned by Atlas FRM LLC, has agreed to acquire British banknote printer De La Rue in a recommended all-cash deal worth approximately £263 million ($330 million). Under the terms of the agreement, De La Rue shareholders will receive 130 pence per share. The acquisition will be implemented through a…
Zenova Group announces joint venture for Albanian manufacturing facility
TIRANA: Zenova Group PLC (AIM: ZED), a company specializing in fire suppression and temperature management solutions, has announced a joint venture with its local sub-distributor, AED Sh.p.K, to establish a new manufacturing facility in Albania. The move comes in response to growing demand for Zenova’s products in Albania and neighboring markets, following strong initial sales by AED….
Tectonic Gold proposes acquisition of Godolphin Exploration
LONDON: Further to its announcement on 17 March 2025, Tectonic Gold plc (AQSE:TTAU), a metals exploration company, has entered into a conditional share purchase agreement (SPA) to acquire the entire issued and to be issued share capital of Godolphin Exploration Limited, a private exploration company focused on tin and copper in Devon and Cornwall, UK. Key Highlights…
Optima Health to acquire Ireland’s Cognate Health in €9 million deal
LONDON: Optima Health, a leading UK-based provider of corporate health and wellbeing solutions, announced Friday it has agreed to acquire Ireland’s Cognate Health Limited in a deal worth up to €9 million ($9.7 million). The acquisition marks Optima’s first expansion into the Republic of Ireland, adding approximately €7 million in annual revenue and €1 million in…
EnSilica partners with European satellite operator for custom satellite chip development
EnSilica plc (AIM: ENSI), a leader in mixed-signal application-specific integrated circuits (ASICs), announced the signing of a binding Memorandum of Understanding (MoU) with a major European satellite operator. The agreement includes a contract for a feasibility study to develop a high-value satellite payload ASIC. The feasibility study is set to begin this month, contributing non-recurring…
Assura Plc Board recommends KKR and Stonepeak offer as fair
LONDON: Kohlberg Kravis Roberts & Co (KKR) has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura Plc for 49.4 pence in cash per share. The Assura Directors, who have been so advised by Lazard as to the financial terms of…
Assura Plc board rejects revised proposal from Primary Health Properties
LONDON: On 3 April 2025, Assura plc announced that its Board had received a revised indicative proposal from Primary Health Properties plc (PHP) concerning a potential share-and-cash offer for the company. Known as the PHP Proposal, the offer was structured on an adjusted net tangible assets (NTA) exchange ratio. Under the terms of the proposal,…
Technology Minerals’ Recyclus signs battery recycling deal with global firm
LONDON: Technology Minerals Plc (LSE: TM1) announced Tuesday that its battery recycling subsidiary, Recyclus Group Ltd, has secured a 12-month contract with a global industrial company to recycle lithium-ion batteries at its Wolverhampton facility. The deal will see Recyclus process end-of-life Li-ion batteries, receiving gate fees for collection and generating revenue from the sale of…
Avation PLC announces six-year lease to Clic Air
LONDON: Avation PLC (LSE: AVAP), a leading commercial passenger aircraft leasing company, is pleased to announce a six-year lease agreement with Colombian airline Clic Air for an ATR 72-600 aircraft. The aircraft, currently in the process of being returned by its previous operator, is set for delivery to Clic Air in the coming weeks after…