SYDNEY, AUSTRALIA: Cadence Minerals announced that Castillo Copper has entered into a 90-day option agreement with Lithium Technologies (LT) and Lithium Supplies (LS), in which Cadence owns a 29% shareholding, to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects in the Northern Territory (NT) and Western Australia (WA) respectively. Highlights: · ASX and London listed Castillo has a 90-day option to acquire – subject to due diligence – the Litchfield and Picasso Lithium Projects. · Consideration for 100% of the holding companies which hold these assets (plus others) is up to AUS$ 3 million in equity of Castillo. · Castillo is an Australian-based explorer primarily focused…
AstraZeneca to fully acquire Caelum Biosciences
LONDON, UK: AstraZeneca‘s Alexion has exercised its option to acquire all remaining equity in Caelum Biosciences for CAEL-101, a potentially first-in-class fibril-reactive monoclonal antibody (mAb) for the treatment of light chain (AL) amyloidosis. AL amyloidosis is a rare disease in which misfolded amyloid proteins build up in organs throughout the body, including the heart and…
Kin and Carta divests Incite to Srat7 for £18 million
LONDON, UK: Kin and Carta plc, the international digital transformation consultancy, has divested Incite Marketing Planning Limited and Incite New York LLC (together, Incite) to Strat7, a leading provider of strategic marketing and planning services. Incite provides research, planning and strategic consultancy services for clients ranging from insight professionals and marketing leaders through to the…
Alpha FX launches full scale alternative banking platform
LONDON, UK: Alpha FX Group, a provider of FX risk management and alternative banking solutions to corporates and institutions internationally, has launched alternative banking platform for the alternative investment sector. As part of this launch, the Group intends to open an office in Luxembourg to show its commitment to the local market, which represents a…
DGL Group acquires Profill Industries for $7.65 million
AUCKLAND, NEW ZEALAND: DGL Group Limited announced the strategic acquisition of Profill Industires Pty Ltd for $7.65 million. DGL is a specialist chemicals business that manufactures, transports, stores and processes chemicals and hazardous waste. Profill is a chemical manufacturer based in Wangara, Western Australia. The company provides chemical manufacturing, blending and packing services to customers…
EKF Diagnostics buys US based Advanced Diagnostic Laboratory
LONDON, UK: EKF Diagnostics Holdings has agreed to acquire the entire issued capital of Advanced Diagnostic Laboratory LLC (ADL), a Texas based PCR-focused testing laboratory, for an initial consideration payment of $10 million payable in shares on completion. ADL Health’s CLIA-certified laboratory covers the fields of clinical, forensic and microbiological tests. The business has ISO…
Harvest Minerals developing solar based captive power facility in Brazil
LONDON, UK: Harvest Minerals Limited has commenced construction of a solar power facility that will meet all the power requirements at its Arapua Fertiliser Project in Brazil. Brian McMaster, Chairman of Harvest, said, “Earlier in the year, we qualified for the London Stock Exchange’s Green Economy Mark, which recognised our commitment to ensuring our operations…
Greencoat UK Wind buys Andershaw wind farm for £121mn
LONDON, UK: Greencoat UK Wind (UKW) has agreed to acquire Andershaw wind farm from Statkraft UK Limited for a total consideration of £121 million (including cash and working capital). Andershaw is a 35MW wind farm located 2 miles south of Douglas in South Lanarkshire and comprises 11 Vestas V117 3.3MW turbines. The wind farm was…
Awind AS changes name to IWS Fleet AS
OSLO, NORWAY: Awind AS, a fully owned subsidiary of Integrated Wind Solutions (IWS) has today changed name to IWS Fleet AS. The name change reflects the ambitions of Integrated Wind Solutions to become a leading provider of integrated services and solutions to the offshore wind industry. IWS Fleet AS has two high-specification, purpose-built “walk-to-work” Commissioning,…
Moody’s upgrades Sparebanken Vest’s Senior Preferred debt and Deposit ratings to Aa3
OSLO, NORWAY: Moody’s Investors Service (Moody`s) has today upgraded the bank’s long-term deposit, Senior Preferred debt and counterparty ratings and assessment to Aa3. The rating of the bank’s Senior Non Preferred debt is affirmed at A3. The deposit and senior unsecured ratings carry a stable outlook. According to Moody’s, the rating upgrade reflects continued improvement…
AutoStore intends to launch $315 million IPO on Oslo Børs
NEDRE VATS, NORWAY: AutoStore NewCo Ltd. announced its intention to launch an initial public offering (IPO) and to apply for a listing on Oslo Børs. The IPO is expected to comprise an offering by the Company of newly issued shares to raise gross proceeds of approximately USD 315 million, mainly to reduce the financial leverage…
Bali Bidco reaches agreement to buy Blue Prism for £1.095 billion
LONDON, UK: Bali Bidco Limited, a company indirectly owned by the Vista Funds, has reached agreement to acquire entire issued and to be issued capital of Blue Prism for approximately £1.095 billion. Under the terms of the acquisition, each Blue Prism shareholder shall be entitled to receive 1,125 pence in cash for each Blue Prism Share….