LONDON, UK: South32 Limited notified the National Energy Regulator of South Africa has approved a long-term energy supply agreement between Eskom Holdings SOC Limited (Eskom) and Hillside Aluminium smelter. The agreement secures the smelter’s energy supply until 2031, under a tariff that is South African rand based with a rate of escalation linked to the…
Permanent TSB to buy €7.6 billion worth of assets of the Ulster Bank business
LONDON, UK: NatWest Group plc and Ulster Bank in the Republic of Ireland have today entered into a non-binding Memorandum of Understanding (MOU) with Permanent TSB (PTSB) for the proposed sale of a perimeter comprising performing non-tracker mortgages, performing micro-SME loans, Ulster’s asset finance business and a subset of its branch locations. The proposed perimeter…
Quantum Exponential Limited to list its shares on Aquis Stock Exchange
LONDON, UK: Quantum Exponential Limited, a company formed to identify investment opportunities in the quantum technology sector, intends to apply for admission of its Ordinary Shares to trading on the Aquis Stock Exchange Growth Market. The Company is proposing to raise up to £5 million by way of a placing to investors and a subscription…
MJ Hudson buys Saffery Champness Fund Services for £2.8 million
LONDON, UK: MJ Hudson Group plc has acquired the entire share capital of Saffery Champness Fund Services Limited (SCFS), a Guernsey based fund administration business, from the accountancy group Saffery Champness. The acquisition is expected to double MJ Hudson´s fund administration revenues in Guernsey with a 50% increase in local staff numbers. Completion of the…
Secure Trust Bank sells portfolio of mortgage loans to Jacqali for £54.6 million
LONDON, UK: Secure Trust Bank PLC (STB) has agreed to sell a portfolio of mortgage loans to Jacqali Designated Activity Company, a financing vehicle established by a global financial institution, a news release said. This sale represents STB’s full exit from the residential mortgage market, which STB withdrew from in 2019. The consideration for the…
Gateley buys business and assets of Tozer Gallagher
LONDON, UK: Gateley Holdings Gateley Vinden Limited acquired business and assets of Tozer Gallagher LLP, a leading practice of chartered quantity surveyors and construction consultants, for a total maximum consideration of £700,000, plus an amount equal to the book value of the assets acquired, expected to be approximately £115,000. Tozer Gallagher will join the Gateley…
CGG and PGS sign MoU to develop multi-client data collaboration for CO2 storage
PARIS, FRANCE: CGG and PGS have signed a Memorandum of Understanding (MoU) with a view to combining their seismic multi-client products and technical capabilities applied to the Carbon Capture Utilization and Storage (CCUS) industry. The ambition is to join forces and unlock the value of existing seismic data for carbon storage evaluation. Together, the companies…
Capgemini and CONA partner to develop tomorrow’s digital solutions
PARIS, FRANCE: Capgemini and CONA Services have agreed to a long term co-development and go to market partnership, to build and power a new set of consumer products, retail, and distribution (CPRD) digital solutions, a news release said. This new strategic partnership will provide the agility, speed and insights required for enterprises integrated with top…
Direct Line Group to partner with Motability Operations Ltd
LONDON, UK: Direct Line Insurance Group plc entered into a new partnership with Motability Operations Ltd to provide insurance to the Motability Scheme, supporting its more than 600,000 customers. This partnership is expected to grow Direct Line Group’s Motor customer base by approximately 15% to over 4.5 million, adding further scale to Direct Line Group’s…
Vodafone Spain acquires 5G spectrum for €350 million
LONDON, UK: Vodafone Spain has acquired 2×10 MHz of spectrum in the 700 MHz band from the Spanish Ministry of Economic Affairs and Digital Transformation (‘MINECO’) for €350 million. The total amount will be payable in a single instalment following the conclusion of the auction process. In addition, a licensing fee of €15.5m will be…
Pauline Lafferty joins Breedon Group’s Board as independent non-executive director
LONDON, UK: Breedon Group, a leading construction materials group in Great Britain and Ireland, announced the appointment of Pauline Lafferty as an independent non-executive Director from 1 August 2021. Moni Mannings, Non-executive Director and Chair of the Group’s Remuneration Committee, has given notice of her intention to step down from the Board of Breedon on…
Lucyd launches crowdfund for Innovative Eyewear Inc.
LONDON, UK: Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve quality of life, is pleased to announce that portfolio company Lucyd‘s Innovative Eyewear subsidiary has launched a new Regulation Crowdfund. They are seeking to raise $500,000 at a $20m pre-money…