LONDON, UK: FirstGroup plc announced the sale of Greyhound Lines Inc. to a wholly-owned subsidiary of FlixMobility GmbH, completing its stated strategy to focus on its leading UK public transport businesses. Commenting, David Martin, FirstGroup Executive Chairman said: “Greyhound is an iconic business which has been at the heart of North American life for more…
Critical Minerals seeks to acquire majority stake in Madini Occidental Ltd
LONDON, UK: Critical Metals plc is seeking to acquire a majority stake in Mauritius-incorporated Madini Occidental Ltd (MO), which will, on completion of the acquisition, have an indirect 70% beneficial interest in a ‘Small Scale Mining License’ (Permis d’Exploitation de Petit Mine) PEPM 14784, in the Democratic Republic of Congo. Molulu is a copper/cobalt project…
Pure Hydrogen to acquire 24% stake in hydrogen fuel cell company H2X
SYDNEY, AUSTRALIA: Pure Hydrogen Corporation Limited (PH2) is significantly expanding its investment in the hydrogen sector by acquiring an initial 24% interest in Hydrogen Fuel Cell vehicle company H2X Global Limited and establishing Pure X Mobility Pty Limited as an entity for the development of Hydrogen Fuel Cell-powered Truck and Buses for use in the…
AutoStore Holdings’ bookbuilding prices IPO at NOK 31/share
NEDRE VATS: AutoStore Holdings has prices its initial public offer (IPO) at NOK 31/share. This price implies a market capitalization of AutoStore of approximately NOK 103.5 billion. AutoStore will sell 87.096 million treasury shares in connection with the Offering, raising an amount of NOK 2.7 billion. Funds/companies owned, managed or advised by Thomas H. Lee…
OCI and ADNOC complete Fertiglobe bookbuilding, raising over $795 million
AMSTERDAM: OCI N.V., Abu Dhabi National Oil Company (ADNOC) and Fertiglobe announced the successful completion of Fertiglobe’s IPO bookbuilding process, and the final offer price of its initial public offering (IPO). The price for the offering has been set at AED 2.55 per ordinary share and the offering size confirmed at 1.145 billion ordinary shares,…
Air Liquide acquires 100% stakes in H2V Normandy
PARIS, FRANCE: Air Liquide has increased its shareholding in H2V Normandy to 100% from previously held 40%. Renamed Air Liquide Normand’Hy, this company aims to build a large-scale electrolyzer of at least 200 MW for the production of renewable hydrogen in France. This strategic investment will support the development of a low-carbon hydrogen ecosystem in…
Saint-Gobain acquires Mexico-based IMPAC
LONDON, UK: Saint-Gobain has entered into an agreement to acquire IMPAC, a leader in construction chemicals solutions in Mexico. IMPAC recorded sales of close to €50 million in 2020. It operates one plant in Monterrey and employs about 630 people. This acquisition is fully in line with the “Grow & Impact” plan unveiled on October…
Agronomics leads $4 million seed funding for California Cultured
LONDON, UK: Agronomics, the leading listed company focused on the field of cellular agriculture, has led a Seed Funding Round for with a US$ 2.2 million investment for California Cultured Inc. The financing is in the form of a SAFER (Simple Agreement for Future Equity). Joining the round includes global venture firm SOSV’s IndieBio. The…
TPL Group’s Rider raises $2.3 million in seed funding round
KARACHI, PAKISTAN: TPL Group backed Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman…
Facebook slapped £50.5 million fine over enforcement order breach
LONDON, UK: Facebook has been fined £50.5 million for breaching an order imposed by the CMA during its investigation into Facebook’s purchase of Giphy. It is standard practice to issue an initial enforcement order (IEO) at the start of an investigation into a completed acquisition. This ensures that companies continue to compete with each other…
Balfour Beatty signs largest sustainable linked loan in the UK construction sector
LONDON, UK: Balfour Beatty, the international infrastructure group, has reached agreement for the conversion of its £375 million revolving credit facility (RCF) to the largest sustainability linked loan in the UK construction industry to date, extending the maturity to October 2024. The agreement further demonstrates the Group’s commitment to Sustainability, following the release of its…
Airbus-led consortium selected for European mobile broadband project
PARIS, FRANCE: Airbus DS SLC-led consortium that includes STREAMWIDE, has been selected for Phase 3 of the BroadWay PCP Innovation pan-European interoperable mobile broadband project for public security and disaster relief. Following the successful completion of Phase 2 last July, Airbus’ submitted offer has thoroughly convinced the Technical Validation Committee (TVC) and Lead Procurer for…