PARIS, FRANCE: Sanofi announced an equity investment of $180 million and a new strategic collaboration with Owkin comprised of discovery and development programmes in four exclusive types of cancer, with a total payment of $90 million for three years plus additional research milestone-based payments, a news release said. Owkin, an artificial intelligence (AI) and precision…
Recticel to sell its bedding business to Aquinos for EUR 122.4mn
BRUSSELS, BELGIUM: Recticel has entered into a binding agreement to sell its bedding business line to the Portuguese privately owned Aquinos Group. Under the terms of the agreement the bedding business line, will be sold to the Aquinos Group for an enterprise value of EUR 122.4 million. The transaction is expected to be closed in…
TechnipFMC partners Orbital Marine Power to accelerate tidal energy
PARIS, FRANCE: TechnipFMC (NYSE: FTI) signed a Memorandum of Understanding with Orbital Marine Power (Orbital), a pioneer of tidal energy technology, to jointly collaborate in tidal energy to accelerate the global commercialization of Orbital’s technology and deliver the first commercial scale floating tidal field. Orbital’s unique floating turbine, the most powerful in the world to…
Treasury Wine Estates acquires Frank Family Vineyards for $315mn
SYDNEY, AUSTRALIA: Treasury Wine Estates Limited (ASX:TWE) has reached an agreement to acquire Frank Family Vineyards (FFV) in the United States at a transaction value of $315 million, a news release noted. Frank Family Vineyards (FFV) is a highly-acclaimed luxury wine business based in the Napa Valley, California, with a long-term track record of delivering…
Gaming Stocks to Perform Better in Q4 of 2021
The COVID-19 pandemic and its resulting restrictions have had far-reaching impacts, particularly on the gaming and entertainment industry. While lockdowns saw temporary closures for the casino industry, online gaming saw a boost thanks to consumers’ search for alternatives. As a result, casinos have started to negotiate partnerships with online gaming studios. The transition from physical…
Ballymore Resources goes for 100% ownership of Ravenswood Project
SYDNEY, AUSTRALIA: Ballymore Resources Limited will move to 100% ownership of the Ravenswood Project following the acquisition of the remaining 49% interest in the project.Ballymore Resources has executed a binding Termination and Asset Sale Agreement – Ravenswood Project to acquire the remaining 49% interest in the Ravenswood Project in consideration for issuing 2.0 million ordinary…
Financial Advice For The Future: What Investments To Choose?
Planning for the future is always a difficult thing to do. If we aren’t sure what will happen in twenty months, we can hardly imagine what will happen with investments and money in twenty years. However, we still should plan for the future and try to invest as much as we can. People who wish…
A Guide To Using Tank Monitoring System To Make Runouts A Thing Of The Past
People who work with oil and gas tanks have a tough job. The management of these tanks means ensuring the long-term safety and reliability of the structures while making sure that they’re not adversely affected or impacted by spills, leaks, and other accidents. This is true whether you run a small operation on your own…
European Healthcare Acquisition & Growth Company completes EUR 200mn private placement
AMSTERDAM: European Healthcare Acquisition & Growth Company B.V., a Dutch operators-led special purpose acquisition company aiming to acquire one or more companies in the European healthcare sector, completed its private placement of 20 million units, each consisting of one share and one-third of a warrant, at a placement price of EUR 10 per unit for…
IMCD Indonesia agrees to acquire PT Megasetia Agung Kimia
ROTTERDAM, THE NETHERLANDS: IMCD Indonesia has signed an agreement to acquire 100% of the shares of PT Megasetia Agung Kimia (Megasetia) in Indonesia. Megasetia is an excellent fit with IMCD’s life science strategy and provides a significant platform for further growth in the life science segments in Indonesia. The transaction will take place in two…
Alison Goff appointed Group CEO of Quarto Group
LONDON, UK: The Quarto Group (LON: QRT) announces the appointment of Alison Goff as Group Chief Executive Officer with effect from 2 January 2022. Alison Goff will take over from interim Group Chief Executive Officer C.K. Lau, who remains an Executive Director of the Company. Chairman of the Quarto Group Board Andy Cumming said: “I…
Boanerges Limited acquires WeShop
LONDON, UK: Boanerges Limited General Meeting confirmed that the WeShop Limited shareholders have passed their resolution to approve Boanerges acquiring the WeShop assets, business and the WeShop name. WeShop is a social commerce technology platform. Social commerce, which combines the fundamental human need to connect with commerce is an exciting space – expected to grow…