LONDON: Hunting PLC (LSE: HTG), the precision engineering group, today announced the completion of the sale of its 23% equity investment in Rival Downhole Tools L.C., an associate company, to a third party, for a consideration of $13.1 million. Following adjustments for working capital, Hunting will receive $12.0 million in cash. It has been agreed with the…
Category: London Stock Exchange
News and updates from London Stock Exchange
ECR Minerals announces potential acquisition of Maximus Minerals Ltd
LONDON: ECR Minerals Plc (AIM: ECR), a gold-focused exploration and development company operating in Australia, announced Tuesday that it has entered into an exclusivity arrangement and non-binding agreement to potentially acquire the entire share capital of Maximus Minerals Ltd, a Canadian-based company. The proposed acquisition, valued at £500,000, is contingent upon the satisfactory completion of due diligence…
Knights Group to acquire IBB Law for £30 million
LONDON: Knights Group Holdings today announced that it has agreed to acquire IBB Law LLP, a premium service law firm based in the South East, representing a compelling acquisition with a strong strategic and financial rationale. IBB brings a team of 140 fee earners delivering premium legal services to both business and private clients, significantly increasing Knights’…
Weir to acquire mining software firm Micromine in £657 million deal
LONDON: The Weir Group announced Friday its binding agreement to acquire Micromine, a leading mining software provider headquartered in Perth, Australia. The deal, valued at £657 million (A$1.31 billion), is expected to close in the second quarter of 2025, subject to regulatory approval. Micromine, which specializes in digital solutions spanning the mining value chain—from exploration…
Apax Funds announce €35m investment in CohnReznick
LONDON: Apax Global Alpha Limited (“AGA”), the closed-ended investment company providing access to the Apax Private Equity Funds, today announces that it expects to invest approximately €35m in CohnReznick LLP on a look-through basis. On 26 February 2025, the Apax XI Fund (“Apax XI”) announced it has agreed to invest in CohnReznick, one of the…
Science Group acquires shareholding in Ricardo Plc
LONDON: Science Group, the international science & technology consultancy and systems organisation, has acquired a material shareholding in Ricardo plc. At market close on 27 February 2025, Science Group owns approx. 5.26 million shares in Ricardo, equivalent to 8.46% of the voting rights. The Ricardo shares were acquired through open market purchases between 16 and…
hVIVO acquires Cryo-Store limited for £3.2 million
LONDON: hVIVO plc, a leading early-stage Contract Research Organisation specializing in human challenge clinical trials, announced the acquisition of Cryo-Store Limited for up to £3.2 million. The deal includes £2.7 million funded from hVIVO’s existing cash resources and up to £0.5 million in equity, subject to certain terms. Founded in 1999, Cryo-Store provides off-site, temperature-controlled…
Indivior PLC has appointed Joe Ciaffoni as CEO
LONDON: Indivior PLC has appointed Joe Ciaffoni, currently an Independent Non-Executive Director of the Company, as Chief Executive Officer. The terms of his appointment are subject to, and effective upon, the approval by shareholders of a new remuneration policy at the Company’s AGM in May 2025. Mr. Ciaffoni, 53, was appointed as an Independent Non-Executive…
Investment Evolution Credit offers to acquire Credit Canary for £4 million
LONDON: Investment Evolution Credit (AQSE: IEC), a global fintech group specializing in online consumer loans, announced today that it has made an offer to acquire the entire issued share capital of Credit Canary Ltd, a UK-based private limited company specializing in AI and software development for consumer credit services. The proposed acquisition is valued at…
Ajax to acquire Puna Metals for Eureka Project in Argentina
LONDON: Ajax Resources, a UK-listed special purpose acquisition company focused on natural resources, announced it has agreed on Heads of Terms (HoT) to acquire Puna Metals S.A. from Bezant Resources plc. Puna holds mining rights for the Eureka Project in northern Argentina. The Eureka Project, located in the north-west corner of San Salvador de Jujuy…
Vinanz Limited fast-tracks expansion in Indiana, boosts bitcoin mining fleet
LONDON: Vinanz Limited, a Bitcoin mining company listed on the London Stock Exchange, has expedited its expansion plans in Indiana, USA. The company has increased its Bitcoin mining fleet from 20 to 120 operational miners, acquiring 100 Bitmain Antminer S19J Pro miners. This move comes 2-3 months ahead of schedule and results in an immediate…
Maintel Holdings appoints Dan Davies as Chief Executive Officer
LONDON: Maintel Holdings Plc, a leading provider of cloud, network and security managed communications services, announced the appointment of Dan Davies as Chief Executive Officer with immediate effect. Dan assumed the role of Interim CEO of the Company in February 2024, having previously been Chief Technology Officer and an Executive Director since 2020. He has…