LONDON, UK: Brighton Bidco Limited and St. Modwen Properties PLC have reached agreement on the terms and conditions of a recommended all cash offer by Bidco for the acquisition of entire issued, and to be issued, ordinary share capital of St. Modwen. Under the terms of the acquisition, each St. Modwen shareholder will be entitled…
Alien Metals increases shareholding in Hamersley Iron Ore to over 90%
LONDON: Alien Metals Ltd has executed a conditional Share Sale Agreement (SSA) to increase its effective interest in the Hamersley Iron Ore Direct Shipping Ore (DSO) Project, situated in the world-class Pilbara region of Western Australia from 51% to over 90%. Bill Brodie Good, CEO & Technical Director of Alien Metals, commented: “The excellent initial…
Altus Strategies granted new copper, tin and zinc projects in Morocco
LONDON: Altus Strategies Plc announced the granting of three new distinct exploration projects as well as exploration licences adjacent to existing projects totalling 221 km2 in the Kingdom of Morocco. The Projects were awarded to the Company’s 100% owned subsidiary, Aterian Resources Limited, as part of a competitive tender process. Highlights: · New projects granted…
ADM Energy sells its shares in Superdielectrics Ltd
LONDON: ADM Energy PLC (LON: ADME) has completed the sale of 188,778 shares in Superdielectrics Ltd for a total consideration of £849,501, a profit of £656,003.55 on ADM’s original investment. In 2017 and 2018, ADM invested a total of £199,875 to acquire 195,000 shares in Superdielectrics at an average cost per share of £1.025. Superdielectrics’…
Braemar Shipping sells its stake in AqualisBraemar LOC for £7.3 million
LONDON: Braemar Shipping Services plc (LON: BMS) has sold its remaining AqualisBraemar LOC ASA (AQB) shares, reducing net debt by £7.3 million and realising a profit on sale of £3.9 million. Braemar received its investment in AQB as a result of the Braemar board’s decision to exit technical services and dispose of its Technical Services…
Everfuel and Hydro sign cooperation on industrial scale hydrogen supply
HERNING: Everfuel A/S and Hydro’s renewable hydrogen company have signed a Memorandum of Understanding (MoU) to establish a framework for coordinated development, operation, and optimization of hydrogen electrolysers based on renewable energy in Europe. The two companies intend to develop projects adjacent to Hydro-owned aluminum plants with dedicated special purpose companies (SPV) facilitating the construction…
LondonMetric Property buys logistics warehouse in Waltham Cross for £43.8 million
LONDON: LondonMetric Property Plc has bought a well located urban logistics warehouse in Waltham Cross for £43.8 million through a sale and lease back transaction, a news release said. The 115,000 sq ft warehouse is let to Reynolds, a national foodservice business, on a new 23 year lease with the benefit of CPI+1 linked rent…
Hutchison Ports launches shipping to South East Asia, China and Korea
KARACHI: Hutchison Ports Pakistan, the country’s state-of-the-art deep-water port launched a new regular shipping service brought by the consortium comprising of Global Feeders, Sinokor, Heung A, and Sea Lead. It strengthens trade links through providing ease of access to the booming markets of South-East Asia, China, and Korea. The service will provide much-needed extra capacity…
Wyeth LCC to buy all outstanding share of Wyeth Pakistan
KARACHI: Wyeth LLC is considering purchasing outstanding securities and shares presently listed at Pakistan Stock Exchange (PSX) of Wyeth Pakistan Limited, which would result in delisting of Wyeth Pakistan from PSX, a bourse filing said. Wyeth LLC holds 40.55 percent stake in Wyeth Pakistan. At the trading on Tuesday, the Wyeth share jumped by Rs89.59…
Neways Electronics rejects acquisition proposal by VDL Groep
AMSTERDAM: Neways Electronics International has rejected indicative proposal by VDL Groep B.V. to acquire all outstanding shares in Neways’ share capital, as the proposal did not sufficiently reflect the value creation of Neways. VDL Groep proposes to acquire all shares in Neways Electronics International Neways had entered into talks with VDL in order to better…
IXUP Limited to acquire DataPOWA for A$12 million
SYDNEY: IXUP Limited has entered into a binding Share Purchase Agreement (SPA) to acquire UK-based sports technology company DataPOWA Limited, for a maximum purchase price of A$12 million. IXUP’s Managing Director, Mr. Marcus Gracey, commented: “DataPOWA was originally introduced by our strategic advisor Tekkorp Capital, and progressing to an Acquisition was a logical next step…
Titomic Limited appoints Herbert Koeck as CEO from July 1st
SYDNEY: Titomic Limited announced that Herbert Koeck has been appointed by the Board of Directors as Chief Executive Officer, with effect from1 July 2021. He succeeds Nobert Schulze, Interim CEO of Titomic, who will continue to support the Company in a different role. For the last five years Mr Koeck has been a member of…