LONDON, UK: South32 Limited have exercised pre-emptive rights to acquire up to an additional 25% shareholding and related rights in Mozal Aluminium, from MCA Metals Holding GmbH (Mitsubishi). “In doing so we will match a headline purchase price of US$250M to acquire the interest, taking our ownership of the smelter up to 72.1%. Increasing our…
WANdisco wins multi-year contract with global telecoms firm
LONDON, UK: WANdisco, the LiveData Company, has won a contract with the analytics division of one of the world’s largest telecommunications companies to migrate analytical data to the Microsoft Azure cloud, worth a minimum of $1m over a maximum term of five years. The Client is an existing customer of LiveData Plane and has now…
Tufton Oceanic buys two bulkers for $41.2mn
LONDON, UK: The Board of Tufton Oceanic Assets Limited has agreed to acquire two handysize bulker vessels for a total consideration of $41.2 million. The bulker vessels are being acquired at below depreciated replacement cost (DRC) and are fuel efficient versus their peer group. The vessels have fixed rate time charters for approximately one year…
B90 acquires Norwegian sports-bet affiliate site, Oddsen.nu
LONDON, UK: B90 Holdings plc has entered into an agreement with Performance Media SIA to acquire certain assets, including the domain, business IP and 100% of the operations of Oddsen.nu, a Norwegian sports-bet affiliate site. The company also raised £1.24 million through a subscription of 8.8 million new ordinary shares. Oddsen.nu has been operating for…
Redcentric acquires Piksel Industry Solutions in a $13mn deal
LONDON, UK: Redcentric plc, a leading UK IT managed services provider, has acquired Piksel Industry Solutions Limited in a $13 million deal. Piksel Industry Solutions is a provider of IT modernisation and digital transformation services, focussing on public cloud. It also delivers security and IT managed services, and has a strong application development and DevOps capability. Based in York…
CamGraPhIC raises £1.6 million
LONDON, UK: Frontier IP’s portfolio company CamGraPhIC has raised £1.6 million through an equity funding round from existing and new investors. The fundraising values University of Cambridge spin out CamGraPhIC at £5.6 million pre-money. It brings total funds raised by the Company to £3.4 million including the loan facility announced by the Group on 8…
Integral Diagnostics buys The X-Ray Group in a $37.5mn deal
MELBOURNE, AUSTRALIA: Integral Diagnostics Limited announced the acquisition of The X-Ray Group which is located in Albury/Wodonga on the Victorian/New South Wales Border. An upfront purchase consideration of $37.5m on a cash and debt free basis, comprises $25.95m in cash and $11.55m in new ordinary IDX shares to be issued at completion of the acquisition….
Hexagon Purus acquires Wystrach GmbH for EUR43.3mn
OSLO, NORWAY: Hexagon Purus ASA has entered into an agreement to acquire 100% of Wystrach GmbH, a leading European systems and solutions provider for storage and transport of compressed gases. The combination brings unprecedented expertise and capacity together to create the vertically integrated industry leader in hydrogen storage solutions. Purchase price of up to EUR…
Qatar to ship even more LNG to China
DOHA, QATAR: Qatar Petroleum has signed a 15-year LNG supply deal with China National Offshore Oil Corporation (CNOOC) for 3.5 million tons/year from 2022. This is the third deal signed by Qatar this year to ship LNG to China. They’ve also recently signed contracts with Taiwan and Pakistan Qatar Petroleum has entered into a…
Gopher agrees with Playtech to acquire Finalto for $250mn
LONDON, UK: Gopher Investments has entered into an agreement with Playtech to acquire its financial trading division, Finalto, for $250 million. Gopher is a 4.97% shareholder in Playtech, and welcomes the unanimous support of the Playtech Board and expects to complete the transaction in H1 2022. The transaction is subject to Playtech shareholder approval and…
Credit Card Management to bring Zwipe Pay One in Lebanon
OSLO, NORWAY: Zwipe and Credit Card Management (CCM), one of the leading card payment service providers in Lebanon are partnering to bring Zwipe Pay ONE biometric payment cards to banks in Lebanon. Founded in 1994, Credit Card Management (CCM) has grown to become a well-recognized brand in the card payments both in Lebanon and the…
Elop enters partnership with US-based robotic company ICM
OSLO, NORWAY: Elop Technology has entered into an agreement with ICM (International Climbing Machines) that secures Elop the rights to combine its ultrasound scanner for inspection of concrete infrastructure with ICM’s suction-held climbing robots. “ICM’s patented, suction-held and remote-controlled robots has radically changed how elevated height work is performed. By combining Elop’s ultrasound scanner with…