LONDON: Karatzis Group of Companies and METLEN (RIC: MTLN.L) have announced a strategic joint venture to develop a large-scale Battery Energy Storage System (BESS) in Thessaly, Greece. The project, designed to deliver 330 megawatts of power and 790 megawatt-hours of energy capacity, marks a significant step in bolstering Greece’s renewable energy infrastructure. Under the terms…
Category: London Stock Exchange
News and updates from London Stock Exchange
HSBC proposes HK$106 billion privatisation of Hang Seng Bank
LONDON: HSBC Holdings PLC has proposed to privatise its Hong Kong-based subsidiary Hang Seng Bank Ltd through a scheme of arrangement, offering HK$155 per share in cash for the 36.5% stake it does not already own. The deal values the transaction at approximately HK$106.1 billion (US$13.6 billion). The proposal, submitted by HSBC Asia Pacific, is…
Cloudbreak Discovery to acquire Crofton Gold Project
LONDON: Cloudbreak Discovery Plc (LSE: CDL), a London Stock Exchange Main Market listed company, has secured the exclusive option to acquire the Crofton Gold Project, located 120 kilometres east-southeast of famous Australian gold mining centre of Marble Bar and 75km northeast of the mining centre town of Nullagine in the Pilbara region of Western Australia. The…
Sintana Energy to acquire Challenger Energy for £45 million
LONDON: Sintana Energy Inc. (TSXV: SEI) (OTCQX: SNNAF) and Challenger Energy Group PLC (AIM: CEG) announced Wednesday they have reached an agreement on a recommended all-share offer by which Sintana will acquire the entire issued share capital of Challenger. The acquisition, valued at approximately £45 million (C$84 million), will be effected through a Court-sanctioned scheme…
Bunzl plc announces two further acquisitions
LONDON: Bunzl plc, the specialist international distribution and services Group, today announces two further acquisitions. In September, Bunzl completed the acquisition of Caterline Catering Equipment Ltd (“Caterline”), a distributor of commercial catering equipment in Ireland and Northern Ireland. The business complements our existing catering business and generated revenue of EUR 6 million (£5 million) in…
Sunda Energy secures offshore gas interests in BARMM bid round
MANILA: Sunda Energy Plc (AIM: SNDA), a Southeast Asia-focused gas company, said Wednesday it has been awarded non-operated interests in two offshore petroleum service contracts in the Bangsamoro Autonomous Region of Muslim Mindanao (BARMM), following the region’s 1st Conventional Energy Bid Round. The contracts, SC-80 and SC-81, cover licence blocks in the southwest Sulu Sea….
Court sanctions WSP’s final cash acquisition of Ricardo PLC
LONDON: Ricardo PLC said Tuesday that the High Court of Justice has sanctioned its recommended final cash acquisition by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc., paving the way for the deal to become effective on Oct. 9. The acquisition, first announced on June 11, will be implemented through a scheme…
Schroder British Opportunities Trust makes equity investment in CSL Group
LONDON: Schroder British Opportunities Trust plc (SBO) confirmed a new private equity investment in CSL Group (CSL), a critical IoT connectivity business. Founded in 1996 as a UK alarm signalling provider, CSL has grown into a European leader in critical connectivity, now trusted with ensuring over 3 million connections across diverse industries. This transaction represents…
Beacon Energy to acquire stake in LNEnergy; Eyes strategic entry into Italian gas market
LONDON: Beacon Energy plc (AIM: BCE) said Tuesday it has signed a binding, conditional share purchase agreement with Reabold Resources plc to acquire a significant stake in LNEnergy Limited, marking a strategic entry into Italy’s onshore gas sector. The proposed transaction, classified as a reverse takeover under AIM rules, will give Beacon Energy up to…
M&C Saatchi has acquired The Women’s Sports Group Limited
LONDON: M&C Saatchi plc announced its skill enhancing acquisition of The Women’s Sports Group Limited (WSG), funded by available cash on the balance sheet. WSG is a leading specialist advisory and media rights consultancy in women’s sport. The business delivers services across media rights, broadcast strategy, brand partnerships, production, data and insights, and communications. s…
Robe River joint venture to invest $733 million to extend West Angelas iron ore mine in Western Australia
LONDON: Rio Tinto, Mitsui and Nippon Steel will invest $733 million1 (Rio Tinto share $389 million) to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in Western Australia’s Pilbara region. The project, to develop new iron ore deposits in the West Angelas hub, has now received all necessary State and Federal…
BATM to sell its diagnostic distribution business in Romania for £17.6 million
LONDON: BATM (LSE: BVC; TASE: BVC), a global provider of advanced network infrastructure, cybersecurity and diagnostic technologies, has entered into an agreement to sell A.M.S 2000 Trading Impex SRL (AMS), a subsidiary of the Group that distributes diagnostic laboratory equipment in Romania. The sale agreement marks a key milestone in the execution of the Group’s…