LONDON: Braveheart Investment Group (AIM: BRH) has acquired 65.415 million shares of 0.1 pence each in IQ-AI Limited, representing 29.51% of the issued share capital of IQ-AI, for a total consideration of £0.72 million. As many as 45.761 million shares in IQ-AI have been purchased from Trevor Brown, CEO of Braveheart, at a price of…
Category: London Stock Exchange
News and updates from London Stock Exchange
SkinBioTherapeutics has acquired Bio-Tech Solutions for £1.25 million
LONDON: SkinBioTherapeutics plc (AIM: SBTX), a life science company focused on skin health, announced the acquisition of the entire share capital of Bio-Tech Solutions Ltd (BTS) for a total enterprise consideration of £1.25m payable in cash on closing. BTS is the second acquisition of the Group’s M&A strategy and brings the capabilities of manufacturing and…
Saga and Ageas in exclusive negotiations over Insurance partnership
LONDON: Saga Plc is currently in exclusive negotiations with Ageas SA/NV to form a 20-year partnership for motor and home insurance. As part of this deal, Ageas would also acquire Saga’s Insurance Underwriting business, Acromas Insurance Company Limited (AICL). This proposed partnership aims to combine the strengths of the Saga brand, its marketing skills, and…
Oxford Metrics has acquired The Sempre Group Holdings for £5.5 million
LONDON: Oxford Metrics plc (LSE: OMG), the smart sensing and software company announced the acquisition of The Sempre Group Holdings Ltd, a measurement specialist solving manufacturing challenges across multiple industries. The total consideration for the Sempre business of up to £5.5m is subject to customary adjustments for working capital, cash and debt-like items. The consideration…
Games Workshop appoints Mark Lam as Non-Executive Chair
LONDON: Games Workshop Group announced the appointment of Mark Lam as Non-Executive Chair of the company with effect from 1 November 2024. Mark has been an independent Non-Executive Director of the Company and the Senior Independent Director since 2023. A formal recruitment process was followed with the Nomination Committee working with a third-party board-level recruiter….
Brookfield Global Asset Management to acquire Tritax EuroBox for £557
LONDON: Brookfield Global Asset Management has reached agreement to acquire Tritax EuroBox plc in a £557 million deal. Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield’s real estate private funds, has reached an agreement with Tritax EuroBox plc for a recommended cash acquisition of the entire issued and to…
UIL Limited to merge Zeta Resources Limited investment platform
LONDON: UIL Limited has announced plans to merge the Zeta Resources Limited (“Zeta”) investment platform into its operations. This follows a sale and purchase agreement with General Provincial Life Pension Fund Limited (“GPLPF”) to acquire all 187,572,396 ordinary shares in Zeta held by GPLPF. This acquisition will result in UIL owning 95.03% of Zeta’s share…
Purespring Therapeutics has raised £80 million in an oversubscribed Series B financing
LONDON: Syncona Ltd’s portfolio company Purespring Therapeutics, a pioneering gene therapy company focused on transforming the treatment of kidney diseases has raised £80 million in an oversubscribed Series B financing. Syncona has committed £19.9 million as part of a leading Series B syndicate, led by Sofinnova, in collaboration with Gilde Healthcare, Forbion, and British Patient…
Mondi plc agrees to acquire operations of Schumacher Packaging
LONDON: Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition will expand Mondi’s corrugated footprint in Western Europe and add complementary fibre-based products, focused on eCommerce and FMCG, to enhance its existing customer offering. Today’s announcement is in line…
Rio Tinto signs deal to acquire Arcadium Lithium for $6.7 billion
LONDON: Rio Tinto and Arcadium Lithium plc (NYSE: ALTM) announced a definitive agreement under which Rio Tinto will acquire Arcadium in an all-cash transaction for US$5.85 per share. The transaction represents a premium of 90% to Arcadium’s closing price of $3.08 per share on 4 October 2024, a premium of 39% to Arcadium’s volume-weighted average…
Saudi Arabia’s PIF reduces stake in Nintendo
Saudi Arabia’s Public Investment Fund (PIF) has reduced its stake in Nintendo Co. from 8.58% to 7.54%, according to a Japanese regulatory filing. This decision comes just a day after reports surfaced that a senior executive from the sovereign wealth fund hinted at the possibility of increasing their investment in the Japanese gaming giant. Prince…
Cykel AI appoints Ewan Collinge as CEO
LONDON: Cykel AI Plc (LSE:CYK) announced that Ewan Collinge, co-founder of the Company, has been appointed as Executive Director and Chief Executive Officer. The appointment will take effect immediately. Ewan is an experienced entrepreneur and technologist. He has launched ventures in AI, payments, blockchain, consumer tech and gaming, including as founder of Cykel AI PLC,…