LONDON: Warehouse REIT PLC announced Monday that its Board received a final indicative, non-binding proposal from Blackstone Europe LLP on behalf of affiliated investment funds for a possible all-cash offer to acquire its share capital. The proposed offer of 115 pence per share values Warehouse REIT at approximately £489 million and reflects a premium of up to…
LondonMetric Property agrees to acquire Highcroft Investments
LONDON: LondonMetric Property (LSE: LMP) announced Thursday its agreement to acquire Highcroft Investments PLC (TISE: HCFT) through an all-share offer. The acquisition will be effected via a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. Under the terms of the deal, Highcroft shareholders will receive 4.65 new LondonMetric shares for each Highcroft share…
Drax and Power Minerals to establish facility for processing pulverised fuel ash
LONDON: Drax Power Limited has entered into a 20-year joint venture agreement with Power Minerals Limited (PML) to establish a cutting-edge facility for processing pulverised fuel ash (PFA) into supplementary cementitious material (SCM). This innovative material will lower the carbon footprint of cement production, offering a sustainable solution for the construction industry. The facility will be located…
Block Energy acquires stake in Georgia’s XIQ production sharing contract
Block Energy plc (AIM: BLOE), a production and development company, has acquired a 10% participating interest in the XIQ Production Sharing Contract (PSC) in Georgia, with the option to increase its stake to 22%, the company announced Thursday. The XIQ licence is highly promising, with estimated mean unrisked recoverable resources of 451.5 million barrels (MMbbl) of…
Somero Enterprises appoints Tim Averkamp as CEO
LONDON: Somero Enterprises has announced the appointment of Tim Averkamp as its new Chief Executive Officer, effective April 1, 2025. The decision follows a comprehensive selection process to identify the ideal candidate for the role. Averkamp brings three decades of international experience in industrial manufacturing, construction machinery, and equipment innovation. He most recently served as Chief…
DP Poland acquires Pizzeria 105 in for £8.5 million
WARSAW: DP Poland, the operator of Domino’s Pizza stores in Poland and Croatia, has acquired Pizzeria 105, a franchised quick-service pizza chain with 90 locations across Poland, for 42.3 million Polish złoty (about £8.5 million). The seller, Marcin Ciesielski, will reinvest one-third of the proceeds—approximately 13.4 million złoty (£2.7 million)—into DP Poland by purchasing 23.6 million new…
CLS sells Spring Mews Student for £101.1 million
LONDON: CLS Holdings Plc announced that it has unconditionally exchanged on the sale of its student accommodation asset, Spring Mews Student, located in Vauxhall, London, to Rosethorn Capital Partners and Barings for £101.1 million in net cash consideration. The transaction, which aligns with the December 31, 2024, valuation, represents an 8.1% increase from the 2023 year-end valuation….
AJ Bell to sell AJ Bell Platinum to InvestAcc for £25 million
LONDON: AJ Bell plc has agreed to sell its Platinum SIPP and SSAS business (AJ Bell Platinum), part of its non-platform business, to InvestAcc Group Limited for a total consideration of up to £25.0 million. The Consideration will comprise £18.5 million upon completion; made up of £17.5 million in cash and £1.0 million in new InvestAcc shares,…
Brave Bison acquires Builtvisible Holdings for £3.5 million
LONDON: Brave Bison, the digital media, marketing and technology company, has entered into a binding agreement to acquire entire issued share capital of Builtvisible Holdings Limited for a total consideration of up to £3.5 million. Builtvisible was established in 2009 and has grown into a leading performance marketing agency specialising in organic performance strategies through the…
Voltage Park acquires TensorDock, a GPU cloud marketplace
Voltage Park, a scalable GPU-as-a-service (GPUaaS) provider offering on-demand and reserved AI infrastructure, announced Thursday its acquisition of TensorDock, a leading GPU cloud marketplace. The move underscores Voltage Park’s mission to democratize artificial intelligence by offering GPU solutions suitable for businesses of all sizes. “We share a common mission to make AI compute more accessible,” said…
Alcon acquires majority stake in Aurion Biotech
Alcon (SIX/NYSE: ALC), the global leader in eye care, announced today its acquisition of a majority interest in Aurion Biotech, Inc., a clinical-stage company developing advanced cell therapies for treating eye diseases. The move aims to advance Aurion’s promising allogeneic cell therapy asset, AURN001, into Phase 3 trials for corneal edema secondary to corneal endothelial disease later…
Archer Materials appoints Dr. Simon Ruffell as new CEO
SYDNEY: Archer Materials Limited announced Thursday the appointment of Dr. Simon Ruffell as its new Chief Executive Officer, effective immediately. Dr. Ruffell, who previously served as the company’s Chief Technology Officer, brings over 20 years of international experience in technology and research leadership to the role. Dr. Ruffell joined Archer Materials in February 2024 as Engineering…