LONDON: Ajax Resources, a U.K.-listed special purpose acquisition company focused on natural resources (LSE: AJAX), has reached an agreement to acquire Puna Metals S.A., the company that holds the mining rights to the Eureka Project in Argentina, the company confirmed Wednesday. The acquisition, valued at $170,000 in cash, allows Ajax to take control of the…
Equity Story Group to acquire Baker Young for $4.2 million
SYDNEY: Equity Story Group (ASX: EQS) announced Wednesday it has signed a binding agreement to acquire Adelaide-based financial advisory firm Baker Young Limited for $4.2 million, marking a strategic push into full-service wealth management. The deal, funded through debt, includes an upfront cash payment of $3 million and a $1.2 million earn-out tied to performance…
KKR to acquire OSTTRA from S&P Global, CME Group for $3.1 billion
S&P Global and CME Group have agreed to sell OSTTRA, their jointly owned post-trade infrastructure firm, to investment funds managed by KKR in a deal valuing the company at $3.1 billion in total enterprise value. The transaction, expected to close in the second half of 2025 pending regulatory approvals, will see proceeds split evenly between S&P…
Ingersoll Rand acquires G&D Chillers and Advanced Gas Technologies for $27 million
DAVIDSON: Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has acquired G&D Chillers, Inc. and Advanced Gas Technologies Inc. (AGT) for a combined $27 million to expand its air treatment portfolio. G&D, a U.S.-based manufacturer of premium glycol chillers used in breweries, wineries and food processing, strengthens Ingersoll Rand’s engineering…
TotalEnergies expands LNG agreements with NextDecade and ENADOM
PARIS: TotalEnergies has signed two liquefied natural gas (LNG) agreements, one with NextDecade for the future Train 4 at the Rio Grande LNG facility in Texas and another with Energia Natural Dominicana (ENADOM) in the Dominican Republic. The company has agreed to purchase 1.5 million tons per annum (Mtpa) of LNG from NextDecade over a…
Tullow Oil to sell Kenyan assets to Gulf Energy for $120 million
LONDON: Tullow Oil plc announced Monday that its subsidiary, Tullow Overseas Holdings BV, has agreed to sell its Kenyan operations to Gulf Energy Ltd. for a minimum of $120 million. The deal includes an initial $40 million payment upon completion, followed by two additional $40 million payments tied to project milestones. Tullow will also receive potential royalty…
Haleon to fully acquire Chinese Tianjin TSKF Pharmaceutical for £0.2 billion
LONDON: Haleon plc has entered into an agreement to acquire the remaining 12% equity interest in its Chinese over-the-counter (OTC) joint venture, Tianjin TSKF Pharmaceutical Co., Ltd., from partner Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited, the company announced Tuesday. The acquisition, valued at approximately 1.623 billion renminbi (£0.2 billion), follows Haleon’s purchase of a…
UK labor market shows signs of weakness ahead of employer tax hike
LONDON: Britain’s labor market showed signs of weakening ahead of this month’s increase in a tax on employers, data released Tuesday showed. However, strong wage growth persisted, complicating the Bank of England’s efforts to curb inflation. Financial markets indicate a 90% chance of a quarter-point interest rate cut when policymakers meet in early May, followed by…
Ofgem fast-tracks clean power plugging into Britain’s electricity grid
LONDON:L Ofgem has approved historic reforms to fast-track clean power plugging into Britain’s electricity grid – with the new system launched by the end of May. The new connections regime abolishes the broken ‘first-come, first-served’ system. This meant unviable, stalled or speculative ‘zombie’ projects blocked hundreds of wind, solar and energy storage developments from connecting, with…
Frasers expands Sports Direct to Australia and New Zealand
LONDON: Frasers Group has entered a strategic partnership with Accent Group to expand its Sports Direct brand across Australia and New Zealand, marking a significant milestone in its international growth ambitions. Accent Group, a leading retailer and distributor of premium lifestyle and sports footwear in Australasia with more than 900 stores and 12 distributed brands,…
Drax Group to acquire HEIT in £199.9 million deal
LONDON: The boards of HEIT and Drax Bidco announced Tuesday they have agreed to terms for a recommended cash acquisition in which Drax Bidco, a wholly owned subsidiary of Drax Group PLC, will acquire all issued shares of HEIT. The deal, valued at approximately £199.9 million ($253 million), will be executed through a court-sanctioned scheme…
Atlas FRM’s bidco offers to acquire De La Rue in £263 million deal
LONDON: ACR Bidco, a company wholly owned by Atlas FRM LLC, has agreed to acquire British banknote printer De La Rue in a recommended all-cash deal worth approximately £263 million ($330 million). Under the terms of the agreement, De La Rue shareholders will receive 130 pence per share. The acquisition will be implemented through a…