LONDON: Assura plc announced that it has received an indicative, non-binding cash offer from Kohlberg Kravis Roberts & Co. Partners L.L.P. (KKR) and Stonepeak Partners (UK) LLP for the company’s entire issued and to-be-issued share capital at 49.4 pence per share. The proposed cash offer, referred to as the “Possible Cash Offer,” values Assura at…
Category: London Stock Exchange
News and updates from London Stock Exchange
Aegros Bidco to acquire Alliance Pharma in £362 million deal
LONDON: On 10 January 2025, Aegros Bidco Limited and Alliance Pharma plc announced a recommended acquisition of Alliance by Bidco, excluding shares held by DBAY Advisors Limited. The deal, valued at approximately £362 million, will be executed through a Court-sanctioned scheme under the Companies Act. On 31 January 2025, Alliance published a Scheme Document outlining…
Roquefort Therapeutics announces proposed sale of subsidiary Oncogeni Ltd
LONDON: Roquefort Therapeutics (LSE:ROQ), a biotech company focused on developing innovative immunology and oncology medicines, has announced a term sheet agreement for the sale of its subsidiary, Oncogeni Ltd, to The Nations Trust Holding LLC. The deal is valued at up to $12 million in cash, including upfront and milestone payments. Roquefort Therapeutics and Nations…
Deliveroo exits Hong Kong
LONDON: Deliveroo has decided to exit its Hong Kong operations through a sale of certain assets to foodpanda and the closure of other assets. Deliveroo Hong Kong has nominated liquidators to manage closure of the Hong Kong business and the remainder of its assets in the most efficient way possible. There are several dynamics specific…
Hunting PLC acquires Organic Oil Recovery technology for $17.5 million
LONDON: Hunting PLC (LSE: HTG), a precision engineering company, announced Friday that it has acquired the Organic Oil Recovery (OOR) technology from its founding shareholders for $17.5 million. The deal includes the entire portfolio of intellectual property—comprising over 25 patents—the distribution rights, and a California-based laboratory. The acquisition positions Hunting as the global rights holder…
Eurocell has acquired Alunet for £29 million
LONDON: Eurocell plc, a leading UK manufacturer, distributor, and recycler of innovative PVC window, door, and roofline products, announced on Friday the completion of its acquisition of Alunet for £29 million. The purchase price, free of debt and cash, includes an initial payment of £22 million and deferred consideration of approximately £7 million, payable in…
Hilton Food Group and NADEC forge partnership to enhance Saudi meat market
LONDON: Hilton Food Group has entered into a new Joint Venture (JV) with The National Agricultural Development Company (NADEC) in the Kingdom of Saudi Arabia, expanding the Group’s global reach into the Middle East. This long-term collaboration, initially for a period of 10 years, combines Hilton Foods’ expertise in meat processing and packaging with NADEC’s extensive local…
Leo Quinn to step down as CEO Balfour Beatty, Philip Hoare appointed successor
LONDON: Balfour Beatty plc, the international infrastructure group, has announced that Leo Quinn will step down from the Board later this year after more than a decade of service as Group Chief Executive. Following an extensive international search, the Board has selected Philip Hoare, the current Chief Operating Officer at AtkinsRéalis, to succeed Quinn. Hoare will…
Pri0r1ty Intelligence Group unveils partnership to launch Capitano Ai
LONDON: Pri0r1ty Intelligence Group (AIM: PR1) has announced a new partnership between its wholly owned subsidiary, Pri0r1ty Ai, and Halfspace Group, a UK-based sports data and marketing company, to launch an innovative product called “Capitano Ai.” Pri0r1ty has entered into a 50/50 joint venture agreement with Halfspace Group to jointly develop and deploy Capitano Ai, a natural…
Metals Exploration plc signs deal to acquire gold ore processing plant
LONDON: Metals Exploration plc (AIM: MTL), a gold production, exploration, and development company with assets in the Philippines and Nicaragua, announced an agreement with Almaden Minerals Ltd. to purchase a gold ore processing and concentrating plant. The plant, currently located in Nome, Alaska, includes crushers, conveyors, a grinding ball mill, Sepro Falcon gravity circuit, carbon in leach…
Breedon Group acquires Lionmark Construction Companies LLC for $238 million
LONDON: Breedon Group plc, a leading vertically-integrated construction materials group with operations in Great Britain, Ireland, and the United States, has announced the acquisition of Lionmark Construction Companies LLC for an enterprise value of $238 million (£187 million). Lionmark, a Missouri-based construction materials and surfacing solutions business, specializes in road infrastructure. The acquisition is expected to…
NOVA Chemicals Corp to be sold to ADNOC for $13.4 billion
LONDON: In a groundbreaking transaction, Nova Chemicals Holding GmbH, a subsidiary of Mubadala Investment Company’s MDGH, has entered into an agreement to sell its entire share capital in NOVA Chemicals Corporation to Abu Dhabi National Oil Company (ADNOC) PJSC. The deal, valued at a staggering $13.4 billion inclusive of debt, signifies a major strategic move…