CAMBRIDGE, LONDON: Aferian plc, a software-led global media technology company that delivers modern TV experiences, will acquire the remaining 8% minority interest in 24i Unit Media B.V and its subsidiaries. Further to the Company’s interim results announcement released earlier today, the Company has received an exercise notice from the founders of 24i with regards to…
DNO acquires ExxonMobil stake in Kurdistan Baeshiqa License
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil’s remaining 32 percent interest in the Baeshiqa license, doubling DNO’s stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously drilled…
Green Thumb acquire vertically integrated cannabis business in Rhode Island
VANCOUVER, BRITISH COLUMBIA: Green Thumb Industries Inc., a leading national cannabis consumer packaged goods company, has closed on the acquisition of Mobley Pain Management and Wellness Center (DE), LLC and Canwell Processing (Rhode Island), LLC, which both held contractual interests in Summit Medical Compassion Center, Inc., a non-profit corporation with vertically integrated cannabis operations in…
Smiths Group selling Smiths Medical for $2.3 billion
LONDON, UK: Smiths Group plc has entered into an agreement for the sale of Smiths Medical to Trulli Bidco Limited, a wholly owned subsidiary of funds advised by TA Associates LLP. The proposed transaction values Smiths Medical at an enterprise value of $2.3 billion (equivalent to £1.7 billion), plus an additional $0.2 billion contingent on…
Dolfines SAS acquires 8.2 France
MONTIGNY LE BRETONNEUX, FRANCE: Dolfines SAS, an independent specialist in engineering and services for the renewable and conventional energy industry, has completed the acquisition of 8.2 France, one of the world leaders in the expertise of renewable energy production parks. On this occasion, DOLFINES has set up with the investment company Negma a financing line…
Fertiglobe acquires 15% Stake in EBIC for $43 million
AMSTERDAM, NETHERLANDS: OCI N.V. announced Fertiglobe has agreed with a KBR-led consortium (NYSE: KBR), which includes Mitsubishi, JGC and Itochu, to buy their combined 15% stake in Egypt Basic Industries Corporation (EBIC) in Egypt for a total consideration of $43 million. This brings Fertiglobe’s stake in EBIC to 75%, further streamlining the group’s ownership structure,…
SSE sells stake in Scotia Gas Networks for £1.225 billion
LONDON, UK: SSE Plc has agreed to sell its entire 33.3% stake in gas distribution operator Scotia Gas Networks Ltd (SGN) to a consortium comprising existing SGN shareholder Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and Brookfield Super-Core Infrastructure Partners (Brookfield), a news release said. The transaction is based on an effective economic date of 31 March…
Subsea 7 announces floating wind acquisition
LUXEMBOURG: Subsea 7 S.A. has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. Nautilus has developed a promising concept for a floating wind foundation based on a semi-submersible steel structure that supports a…
Warwick, Solent, West London and Leiden to adopt Tribal’s cloud offerings
LONDON, UK: Tribal Group announced a series of cloud contract wins, demonstrating the attraction of the Group’s expanding range of cloud offerings to the education market. The contracts have a combined Total Contract Value of £7.1m, and are expected to deliver an incremental Annual Recurring Revenue run rate of nearly £1.2m by the end of…
Caerus Mineral signs agreement with Bezant Resources
LONDON, UK: Caerus Mineral Resources announced a binding and exclusive Option Agreement with Bezant Resources Plc with regard to the development of the copper and gold-bearing hard rock resources within Caerus’ portfolio. Bezant is an AIM quoted company with a track record of building significant value in projects from highly cost-effective work programmes – most recently…
Italian Government Covid-19 recovery loans
LONDON, UK: Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that its Italian subsidiary, Directa Plus S.p.A., has qualified for a total of €0.7m in loans under the Italian Government’s Covid-19 Recovery Plan. The Company took advantage of the low-cost liquidity…
Voyager opens its doors to new markets and partnerships
LONDON, UK: Voyager Life Plc, the health and wellness company established to supply high-quality Cannabidiol (CBD) and hemp seed oil products, announced the opening of its first retail store in St. Andrews, Scotland. The Company has also entered into an exclusive distribution agreement with D. Atkinson Herbalist & Clinic in Edinburgh. The 655sq ft Voyager…