LONDON: The Conygar Investment Company has announced the sale of its development land at Holyhead Waterfront and Parc Cybi, located in Anglesey, Wales, to Stena Line Ports Limited. The transaction, which includes an adjoining seabed at Holyhead, is set to be completed on March 28, 2025. The sale will generate net proceeds of £6.6 million after costs,…
Argo Blockchain Names Justin Nolan as CEO
LONDON: Argo Blockchain plc (LSE: ARB; NASDAQ: ARBK) announced Monday the appointment of Justin Nolan as chief executive officer and director, effective March 22, 2025. Nolan, formerly CEO of Arkon Energy, brings extensive experience in the digital infrastructure and cryptocurrency mining sectors. He previously served as Argo’s chief growth officer, where he spearheaded the development of the…
CamGraPhIC secures €25 million Series A funding
CAMBRIDGE: CamGraPhIC Srl, a leader in energy-efficient, high-bandwidth optical interconnect technology and a subsidiary of 2D Photonics SpA, announced Monday the successful completion of a €25 million Series A equity funding round. The investment, raised through 2D Photonics, will accelerate innovation in graphene photonics transceivers, revolutionizing artificial intelligence (AI) and cellular data transmission by enhancing energy efficiency,…
Plus500 to acquire Mehta Equities for $20 million
LONDON: Plus500, a global multi-asset fintech group, announced Monday that it has conditionally agreed to acquire 100% of Mehta Equities Limited, an Indian financial services company specializing in broking services, including futures, options, and cash equities trading. The acquisition, valued at approximately $20 million, is part of Plus500’s strategy to expand its geographic footprint into India’s…
Augustine Therapeutics raises €77.7 million in Series A funding
LEUVEN: Augustine Therapeutics NV announced the successful completion of its €77.7 million ($84.8 million) Series A funding round. Co-led by Novo Holdings and Jeito Capital, the financing also included investments from Asabys Partners, Eli Lilly, AdBio Partners, V-Bio Ventures, and others. Augustine focuses on developing therapies for neuromuscular, neurodegenerative, and cardio-metabolic diseases by selectively inhibiting the…
SEALSQ Corp to acquire a 30% equity stake in WeCanGroup SA
GENEVA: SEALSQ Corp (NASDAQ: LAES), a subsidiary of WISeKey, has entered into a strategic agreement to acquire a 30% equity stake in WeCanGroup SA. The collaboration aims to bolster cybersecurity resilience in the Web 3.0 ecosystem, focusing on post-quantum cryptography, Internet of Things (IoT) security, and safeguarding financial sectors against quantum-enabled cyber threats. The partnership will…
Teledyne FLIR Defense secures $7.8 million Saudi contract
RIYADH: Teledyne FLIR Defense has secured a $7.8 million contract with Middle East Task Company (METCO) to supply its next-generation Lightweight Vehicle Surveillance System (LVSS) to a military entity in Saudi Arabia. The deal includes mission support equipment, training, and aligns with an approved localization plan involving the General Authority for Military Industries (GAMI). The…
Steadfast Group announces executive leadership changes
SYDNEY: Steadfast Group has announced key changes to its executive leadership team. Chief Operating Officer (COO) Nigel Fitzgerald will step down on 1 July 2025 to pursue a personal business venture. He will remain in a senior advisory role until 30 September 2025 and maintain close ties with the company, including board positions in several Steadfast subsidiaries….
Horizon Oil acquires stake in Thailand’s gas field in $30 million deal
SYDNEY: Horizon Oil Limited announced Tuesday it has agreed to acquire a 75% stake in Exxon Mobil Exploration and Production Khorat Inc. (EMEPKI), giving it a 7.5% working interest in Thailand’s Sinphuhorm gas field and a 60% interest in the Nam Phong gas field. The deal, valued at $30 million, is part of a consortium…
Ashley Reade named CEO of Rip Curl
TORQUAY: Ashley Reade has been appointed Chief Executive Officer of Rip Curl, KMD Brands Limited announced Monday. Reade, who brings two decades of global experience, will take up his role with the Australian surf brand in the coming months. Reade, formerly Vice President and General Manager of Nike Pacific, grew the region into a AU$1 billion…
Onsite Rental Group to acquire SRH’s road safety rental business for $10.8 million
SYDNEY: Saferoads Holdings (SRH) has entered into a conditional $10.8 million asset sale agreement and a $3 million product supply arrangement with Onsite Rental Group, a national equipment hire business owned by Malaysia-based Sime Darby. The agreements are subject to several conditions, including SRH shareholder approval, the transfer of key personnel, securing long-term rental contracts, and transferring…
GreenTech Metals sign sale and joint venture agreement for non-core tenements
PERTH: GreenTech Metals Ltd. (ASX: GRE) has entered into a binding sale and joint venture agreement with Errawarra Resources Ltd. (ASX: ERW) for two granted tenements and one prospecting license application in Western Australia, the company announced Monday. The agreement, which covers a combined area of 930 hectares adjacent to the Elizabeth Hill mining lease,…