LONDON: AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announced the launch of Hyamtec Limited, a wholly owned subsidiary of AFC Energy. Hyamtec has been established to commercialise the Company’s next-generation distributed ammonia cracking business. The Technology Hyamtec’s cracker technology has successfully demonstrated its flexibility to integrate with both ammonia combustion…
Category: London Stock Exchange
News and updates from London Stock Exchange
L&G to sell UK house builder CALA Group for an enterprise value of £1.35bn
LONDON: Legal & General Group (L&G) has agreed the sale of the UK house builder CALA Group for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The transaction is expected to complete in Q4 2024. The consideration for the sale will…
Mpac Group to acquire Boston Conveyor & Automation Inc. for $17 million
LONDON: Mpac Group plc, a global leader in high-speed packaging and automation solutions, has entered into an agreement with Jim Laverdiere to acquire the entire issued share capital of Boston Conveyor & Automation Inc. (BCA), a US-based supplier of robotic automation and conveyor solutions to the food, life sciences and general industry sectors. The aggregate…
BlackDice and Bin Omran Trading and Telecommunication form partnership to enhance Qatar’s digital security landscape
DOHA: BlackDice, a leading provider of advanced cybersecurity solutions, and Bin Omran Trading and Telecommunication – a prominent Qatari Telecom and IT infrastructure company – announced a strategic partnership aimed at enhancing Qatar’s digital security landscape. This collaboration is in alignment with Qatar’s ambitious ‘Digital Agenda 2030’ (‘DA2030’), which underscores the importance of robust cybersecurity…
Wildcat Petroleum partners with Nile Petroleum to acquire Petronas Sudan
LONDON: Wildcat Petroleum Plc has entered into a Memorandum of Understanding (MOU) with Nile Petroleum Corporation, the National Oil and Gas Corporation of South Sudan, to collaborate together for acquiring the assets held by Petronas Carigali Nile Limited (PCNL), a subsidiary of Petronas Nasional Berhad, in the Republic of South Sudan. On 7 August 2024,…
Europa Metals to acquire Viridian Metals
LONDON: Europa Metals Ltd has signed a conditional term sheet regarding the proposed acquisition of Viridian Metals Ireland Limited and its 100 % owned Tynagh brownfield Pb/Zn/Cu/Ag project in the Republic of Ireland. The proposed transaction, if completed, would constitute a reverse takeover under the AIM Rules and accordingly the company would need to apply…
Playtech sells Snaitech to Flutter Entertainment at enterprise value of €2.3 billion
LONDON: Playtech plc has entered into a definitive agreement for the sale of Snaitech S.p.A. and certain of its subsidiaries to Flutter Entertainment Holdings Ireland Limited for a total enterprise value of €2.3 billion in cash. Snaitech is one of the leading Italian B2C sports betting and gaming companies in online and retail, and employs…
Manx Financial Group has acquired remaining 49.9% interest in Payment Assist Limited
LONDON: Manx Financial Group (AIM:MFX) has brought forward the acquisition of the remaining 49.9% interest in Payment Assist Limited. The transaction was completed on 13 September 2024. From this date, the Group will hold 100% of Payment Assist and fully consolidate Payment Assist’s trading results. On 16 May 2022, the Group announced an agreement to…
Netcall plc buys Parble, provider of document processing software, for €8.7mn
LONDON: Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, announced the acquisition of Smart & Easy NV (trading as Parble), a provider of intelligent document processing software. The total consideration for the acquisition is up to €8.7 million, comprising an initial cash consideration of €4.7 million and an earnout…
JTC to acquire Citi Trust, a fiduciary and trust administration services business, for $80million
LONDON: JTC, the global professional services provider, announced the proposed acquisition of the global fiduciary and trust administration services business (Citi Trust) from Citigroup Inc. for a total consideration of $80million. The acquisition is subject to customary regulatory approvals in all relevant jurisdictions and is expected to complete in H1 2025. The acquisition will be…
Flutter Entertainment Brazilian operator of Betnacional, NSX Group, for $350 million
LONDON: Flutter Entertainment (NYSE:FLUT), the world’s leading online sports betting and iGaming operator, today announced the acquisition of an initial 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350 million. The transaction fully aligns with Flutter’s strategy to invest in leadership positions in international markets, securing a…
National Grid to sell its Electricity System Operator (ESO) for £630 million
LONDON: National Grid plc has reached agreement with HM Government on the terms of the sale of National Grid’s Electricity System Operator (ESO) for an enterprise value of £630 million. The final cash consideration will be subject to customary closing adjustments (including for timing differences). The transaction is an important milestone for the creation of the…