LONDON: Surgical Science Sweden AB has reached agreement on the terms of a recommended cash acquisition of Intelligent Ultrasound Group by means of a court-sanctioned scheme of arrangement. Under the terms of the acquisition, Intelligent Ultrasound shareholders shall be entitled to receive 13 pence in cash for each share held. The acquisition price values the…
Category: London Stock Exchange
News and updates from London Stock Exchange
Digitalbox plc has acquired Walford News
LONDON: Digitalbox plc (AIM: DBOX) has entered into an agreement to acquire the online assets, including all associated intellectual property, of Walford News. Walford News has been providing news, gossip and spoilers about the popular UK soap opera, Eastenders since 2009. Digitalbox plc, the mobile-first digital media business, owns leading websites, including Entertainment Daily, The…
Ørsted announces $572 million partnership with Energy Capital Partners
LONDON: Ørsted has announced a $572 million divestment of a 50% equity stake in three U.S. onshore projects to Energy Capital Partners (ECP), a prominent energy transition-focused investor. The projects, set to begin operations in 2024, include two solar farms in Texas, Mockingbird Solar (468 MW) and Sparta Solar (250 MW), and Eleven Mile Solar…
Kingfisher announces sale of Brico Dépôt Romania to Altex Romania for $70 million
LONDON: Kingfisher plc, the international home improvement company, today announced, the sale of its Brico Dépôt Romania business to Altex Romania for an enterprise value of €70m (equivalent to £58m). The sale comprises the entire Brico Dépôt Romania business, including its network of 31 stores in 24 cities, distribution operations, and head office in Bucharest….
GlobalData Plc to acquire Celent, a leading research and advisory firm
LONDON: GlobalData Plc has signed an agreement to acquire Celent, a leading research and advisory firm, which is currently, part of Marsh McLennan’s Oliver Wyman Group. Completion, which is subject to certain closing conditions, is expected to occur on 31 December 2024 and will be funded from the Group’s existing cash resources. For over 20…
Graft Polymer (UK) Plc agrees to acquire all issued share capital of Awakn Life Sciences Corp.
LONDON: Graft Polymer (UK) Plc, a biotechnology company co-developing therapeutics for mental health disorders, announced it has entered a binding letter of agreement to acquire all issued share capital of Awakn Life Sciences Corp., a clinical-stage biotechnology firm focused on treating substance use and mental health disorders. Under the terms of the proposed acquisition, Graft…
Ricardo Plc announces sale of defense business for $85 million
LONDON: Ricardo Plc has announced the conditional sale of its Ricardo Defense Business to Proteus Enterprises LLC and Gladstone Investment Corporation, through GPD Acquisition Inc., for $85 million. The decision follows a thorough process by Ricardo’s Board. Key Points: Ricardo Defense is being sold to Proteus and Gladstone for $85 million. This figure is adjusted…
Ofcom proposes changes to mobile spectrum licence fees
LONDON: Ofcom is consulting on proposed changes to the annual licence fees (ALFs) paid by mobile network operators to use certain spectrum bands. “We charge mobile network operators annual licence fees for the use of three spectrum bands (900 MHz, 1800 MHz and 2100 MHz). They typically come into effect after a mobile operator’s licence…
PSR proposes price cap to combat soaring cross-border interchange fees
LONDON: In a move to support UK businesses, the Payment Systems Regulator (PSR) has published its final report on the market review of cross-border interchange fees. The report reveals that the steep rise in fees by major card companies, Mastercard and Visa, is harming businesses, prompting the PSR to propose a price cap to protect…
Roger White appointed Chief Executive Officer of C&C Group
LONDON: C&C Group plc, the vertically integrated premium branded drinks group and leading drinks distributor to the UK and Ireland hospitality sectors, announced the appointment of Roger White to the Board as Chief Executive Officer (CEO) from 20 January 2025. Roger’s appointment follows an extensive search process led by the Nomination Committee, in conjunction with…
Parkmead announces sale of subsidiary to Serica Energy
LONDON: Parkmead, a company focusing on gas, oil, and renewable energy projects, has agreed to sell its subsidiary, Parkmead (E&P) Ltd, to Serica Energy (UK) Ltd. The subsidiary holds Parkmead’s UK offshore oil licenses and some gas licenses in the Netherlands. However, Parkmead will keep its Dutch gas fields and UK wind farm. Parkmead will…
Guardian Metal Resources signs agreement to purchase Pilot Mountain Water Rights
LONDON: Guardian Metal Resources plc has announced a major update on its Pilot Mountain Project in Nevada, USA. The company has purchased water rights, a key step in supporting U.S. tungsten production, which is vital for national security. A definitive agreement has been reached between Pilot Metals Inc., Guardian Metal’s subsidiary, and Belmont Resources Inc….