LONDON, UK: Powerhouse Energy Group, the UK technology company commercialising hydrogen production from waste plastic, has entered into a binding collaboration agreement with HU2021 International UK Limited (HUI), a wholly owned subsidiary of Hydrogen Utopia International PLC, to market the deployment of DMG technology in territories outside the UK. Under the Collaboration Agreement, Powerhouse and…
Softline confirms intention to float on LSE
LONDON, UK: Following its announcement on 30 September 2021 regarding the publication of a Registration Document, Softline, a leading global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London, confirms its intention to proceed with an initial public offering (IPO) and provides certain details of the Offer. Softline confirms its intention to apply for…
NFT makes investment in social network platform Big Whale Labs
LONDON, UK: NFT Investments PLC, an incubator specialising in the market for non-fungible tokens (NFTs), announced an investment of CAD$100,000 into start-up Big Whale Labs, a decentralised social network platform. The investment is being made as part of a CAD$655,000 pre-seed funding round raised by Big Whale Labs and led by venture capital firm Slow…
Serinus Energy forms new gas trading subsidiary
JERSEY, CHANNEL ISLANDS: Serinus Energy plc has incorporated a new gas trading subsidiary, Serinus Energy Romania Trading S.r.l. The gas trading subsidiary will initially trade the company’s Romanian gas production not committed under its marketing agreement with Vitol into the Romanian market. “Serinus Energy Romania Trading S.r.l has been created to allow our licenced gas…
Marlowe acquires Sterling Hydrotech for £1.75 million
LONDON, UK: Marlowe plc has acquired water treatment and compliance services provider Sterling Hydrotech Holdings Limited for an enterprise value of £1.75 million. Founded in 1988, Sterling Hydrotech is based in Derbyshire and employs approximately 40 staff. The acquisition provides attractive synergies with Marlowe’s Testing, Inspection & Certification (TIC) division. For the year ended 31…
CMA closes investigation into British Airways and Ryanair
LONDON, UK: The CMA has concluded that a lack of clarity in the law makes it insufficiently certain that it would be able to secure refunds for customers of British Airways and Ryanair who were prevented from flying by Covid travel restrictions. In June 2021, the Competition and Markets Authority (CMA) launched a probe into…
Stelrad Radiator Group plans IPO on London Stock Exchange
LONDON, UK: Stelrad Radiator Group, a leading specialist manufacturer and distributor of steel panel radiators, is considering an initial public offering (IPO) and intends to publish a registration document today. Stelrad is considering applying for admission of the Ordinary Shares to the premium segment of the Official List of the FCA and to trading on…
MRM disposes of two non-strategic assets for €4.9 million
MRM, property sale, PARIS, FRANCE: MRM, a real estate investment company specialising in retail property, announced the sale of two properties representing 10,200 sqm altogether for a total €4.9 million (excluding transfer taxes), 13% above the properties’ valuations as at end-June 2021. These disposals concern two non-strategic assets in the Gamm Vert sub-portfolio acquired in…
AppLovin to acquire Twitter’s MoPub business for $1.0bn
PALO ALTO: AppLovin Corporation, a leading marketing software company, has entered into a definitive agreement to acquire Twitter Inc.’s MoPub business for approximately $1 billion. The closing of the transaction is subject to customary conditions and regulatory approvals. “We are excited by the opportunity to grow the AppLovin platform and further enhance our publisher monetization…
MRM disposes of two non-strategic assets for €4.9 million
PARIS, FRANCE: MRM, a real estate investment company specialising in retail property, announced the sale of two properties representing 10,200 sqm altogether for a total €4.9 million (excluding transfer taxes), 13% above the properties’ valuations as at end-June 2021. These disposals concern two non-strategic assets in the Gamm Vert sub-portfolio acquired in 2007. They are:…
Wesfarmers acquires 19.3% stake in Australian Pharmaceutical Industries
SYDNEY, AUSTRALIA: Wesfarmers Limited has acquired 95.1 million shares in Australian Pharmaceutical Industries Limited (API) representing 19.3 per cent of API’s shares outstanding. The acquisition was made pursuant to the Undertaking Agreement entered into on 9 July 2021 with Washington H. Soul Pattinson and Company Limited (WHSP). Wesfarmers remains committed to pursuing its proposal to…
Elis acquires Blesk InCare’s textile activity in Russia
SAINT-CLOUD, FRANCE: Elis has signed agreement to acquire 100% of Blesk InCare’s Textile activity. The closing of the transaction is subject to customary regulatory conditions and is expected to occur by the end of 2021. Elis is an international multi-service provider, offering textile, hygiene, and facility services solutions, which is present in Europe and Latin…