LONDON: J Sainsbury PLC has entered into an agreement for the sale of Sainsbury’s Bank plc’s personal loan, credit card and retail deposit portfolios to NatWest Group, one of the UK’s leading banks. “We expect the Transaction to complete in the first half of calendar year 2025,” a press release noted. This Transaction does not…
Syncona Ltd adds iOnctura and Yellowstone Biosciences to it’s portfolio
LONDON: Syncona Ltd has added two new companies to its portfolio, iOnctura and Yellowstone Biosciences. Syncona has invested €30 million (£25.7 million) in iOnctura, an innovative, clinical-stage, small molecule company combating neglected and hard-to-treat cancers, and launched Yellowstone, a new oncology company pioneering soluble bispecific T-cell receptor (TCR)-based therapies, with a £16.5 million commitment. iOnctura…
Candy Club Holdings signs deed to acquire Scalare Partners Pty Ltd
SYDNEY: Candy Club Holdings Limited (ASX: CLB) and Scalare Partners Pty Ltd have entered into a Merger Implementation Deed and a Share Sale Deed to facilitate the proposed acquisition of 100% of Scalare by CLB and related capital raising. Subject to completion of the Transaction, the consideration payable by CLB for 100% of the ordinary…
Olam Agri Holding’s proposed acquisition of Namoi Cotton raises concerns
SYDNEY: The ACCC has published a Statement of Issues outlining preliminary competition concerns with Olam Agri Holding’s proposed acquisition of Namoi Cotton Ltd (ASX: NAM). Olam, through its wholly owned subsidiary, Queensland Cotton, and Namoi both supply cotton ginning, cotton lint classing, logistics and warehousing services in Australia. Both Olam and Namoi also engage in…
Creator-focused gaming platform Megamod raises $1.9 million
Megamod, a Creator-focused multiplayer gaming platform, has raised $1.9 million at a post-money valuation of $27 million.
Priority Health plans to acquire Physicians Health Plan of Northern Indiana Inc.
Priority Health, a Michigan-based health plan serving more than 1.3 million members, has announced plans to acquire Physicians Health Plan of Northern Indiana Inc. (PHPNI)
EssilorLuxottica and Diesel announce a ten-year licensing agreement
PARIS: EssilorLuxottica and Diesel announced today that they have signed an exclusive license agreement for the design, manufacture, and worldwide distribution of Diesel eyewear. The agreement will be effective immediately until December 31, 2029, with an automatic renewal option of an additional five years. The first collection under the agreement will be available on the…
Eurazeo invests in Rydoo, a provider of expense management solution
PARIS: Eurazeo, through its Small-mid buyout team, announced its investment in Rydoo, a leading global provider of expense management solutions. Rydoo’s product offering empowers corporate clients to manage and control employee spending through smart and automated expense management solutions. The transaction will be the ninth investment for Eurazeo PME IV and sits at the core…
3radical announces collaboration with Digital Alchemy
LONDON: Electric Guitar PLC (LSE: ELEG), the digital marketing and advertising company providing first-party data solutions, announced that 3radical Limited, its primary operating subsidiary, has agreed a strategic collaboration with Digital Alchemy to help drive client acquisition and engagement. 3radical, a leader in gamification and audience engagement solutions, and Digital Alchemy, a global marketing automation…
Guild enters Call of Duty: Warzone for Esports World Cup
LONDON: Guild Esports (LSE: GILD), a global teams organisation and lifestyle brand, is pleased to announce its entry into Call of Duty: Warzone, a multiplayer, first-person shooter developed by Infinity Ward and Raven Software and published by Activision. Guild’s new Warzone team will compete at the Esports World Cup (EWC) under the Guild banner. This…
General Electric announces delisting from London Stock Exchange
LONDON: General Electric Company (operating as GE Aerospace) has taken significant steps toward simplification by requesting the cancellation of its ordinary shares’ listing on the London Stock Exchange (LSE). The move follows a comprehensive review of trading volume, costs, and administrative requirements associated with the LSE Listing. As part of this process, the company has…
Vodafone sells 18.0% stake in Indus Towers
LONDON: Vodafone Group Plc announced that it has sold 484.7 million shares in Indus Towers Limited, representing 18.0% of Indus’ share capital through an accelerated book-build offering. The Placing raised INR 153.0 billion (€1.7 billion) in gross proceeds which will be used to substantially repay Vodafone’s existing lenders in relation to the outstanding bank borrowings…