LONDON: Majestic Corporation Plc (AQSE:MCJ) has entered into a conditional Share Purchase Agreement (SPA) to acquire the entire issued share capital of Telecycle Europe Limited, a specialist recycling business located in Deeside, UK on delivery of a certain quantity of containers of recyclable materials by 31 December 2024. The total consideration for the acquisition is…
Category: London Stock Exchange
News and updates from London Stock Exchange
Downing Renewables & Infrastructure Trust announces acquisition of three Swedish Hydropower plants
LONDON: Downing Renewables & Infrastructure Trust plc (DORE) has committed to acquire three Swedish hydropower plants and their associated storage reservoirs. The combined expected annual average production is c. 7 GWh, with a potential increase of 0.5 GWh after further upgrades have taken place. The total investment is expected to be c. £5m. All three…
Mako Joint Venture partners sign gas sales agreement with Sembcorp Industries
LONDON: Empyrean Energy, Conrad Asia Energy Ltd and Coro Energy Plc (together the “Mako Joint Venture partners”) have agreed a binding Gas Sales Agreement (“GSA”) for the sale and purchase of the export portion of natural gas from the Mako gas field with Sembcorp Gas Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries Ltd, a…
Aurora Investment Trust and Artemis Alpha Trust evaluate business merger
LONDON: Aurora Investment Trust plc has announced a proposed merger with Artemis Alpha Trust plc. The boards of both companies have agreed on the heads of terms for this combination, which aims to consolidate the assets of Artemis Alpha with those of Aurora. The merger, pending approval from the shareholders of both trusts, will be…
Oakley Capital agrees sale of Ocean Technologies Group to Lloyd’s Register
LONDON: Oakley Capital, a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund IV has agreed to sell its majority stake in Ocean Technologies Group (OTG) to Lloyd’s Register, a global professional services group specialising in marine engineering and technology. Under Oakley’s ownership, OTG has generated strong revenue and EBITDA growth…
STV Group appoints Rufus Radcliffe as Chief Executive Officer
STV Group plc today announces that Rufus Radcliffe will join the Board as Chief Executive Officer on Friday 1 November 2024. Rufus Radcliffe joins STV from ITV plc where until April 2024 he was a member of the Executive Committee and latterly held the position of Managing Director of Streaming, Interactive and Data, playing a key role…
Crown Agents Bank collaborates with Visa on FX and last mile payments in emerging markets
LONDON: CAB Payments, through its operating company, Crown Agents Bank (CAB), and Visa today announced a collaboration to enable fast, efficient and reliable payments and FX, especially across the ‘last mile’ – a term for the final and most complex stage in the payment process. CAB is a UK-regulated bank specialising in FX and cross-border…
Apax Global Alpha (AGA), Apax Private Equity Funds, Veriforce,
LONDON; Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €29m in Veriforce on a look-through basis. The Apax XI Fund (Apax XI), in which AGA is a limited partner, has reached a definitive agreement to acquire a controlling stake in…
Nexteq Plc appoints Duncan Faithfull as Group Chief Executive Officer
LONDON: Nexteq Plc (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, today announces that Duncan Faithfull, currently Gaming Business Leader and Chief Commercial Officer at Nexteq, has been appointed to the Board as Group Chief Executive Officer with immediate effect. Duncan joined the Group in 2020 to lead the Quixant division where…
Frasers Group buys 14.65% strategic interest in Accent Group
LONDON: Frasers Group plc has purchased a 14.65% strategic investment in Accent Group Limited, the leading retail and distribution business in the performance and lifestyle market in Australia and New Zealand. Accent is a premium distributor, bringing many of the worlds’ best brands to market. In Full Year 2024, Accent delivered AUD$1.6bn of sales from nearly…
John Wood signs deals to sell EthosEnergy and CEC Controls Company
LONDON: John Wood Group has signed separate sales agreements for the disposals of two businesses, which together are expected to generate net proceeds of around $165 million in 2024, including loan notes of up to $42 million. The Group has signed deals for the sale of its stake in Ethos Energy Group Limited, a joint…
Flowtech Fluidpower has acquired Thomas Wright/Thorite Group
London: Flowtech Fluidpower plc (AIM: FLO), the specialist technical provider of fluid power and motion control products and engineering services announces the acquisition of the business and certain assets of Thomas Wright/Thorite Group Limited. The transaction completed immediately following the appointment of Administrators, Interpath Advisory to Thorite. Mike England, CEO of Flowtech said: “We are delighted to acquire this well-respected brand…