LONDON: MetalNRG plc (LON:MNRG), the natural resources and energy investment company, has sold its 10.97% stake in EQTEC Italia MDC Srl, the company operating a waste to energy plant in Tuscany, to the provider of an unsecured facility agreement entered into by the Company in July 2020. As previously announced, following the Company’s strategic review…
NetScientific’s DeepTech Recycling secures £0.8M in latest funding round
LONDON: NetScientific plc, a venture capital investment group specializing in deep tech and life sciences, has announced that its portfolio company, DeepTech Recycling Limited, has completed a successful fundraising round of £0.8 million. This latest financial boost brings the total investment to £2.1 million, including previous funding rounds. DeepTech Recycling’s fundraising journey began with an…
RegTech CEO Ian Halliday-Pegg resigns
LONDON: RegTech Open Project plc (LSE: RTOP), the technology business specialised in the automation, management, and optimisation of regulatory compliance operations, announces that Ian Halliday-Pegg has tendered his resignation from his position as Chief Executive Officer and Director of the Company, effective today, to enable him to focus on his personal business interests. Ian Halliday-Pegg…
ANZ sells remaining 5.2% shareholding in AmBank
LONDON: ANZ has agreed to sell its remaining 5.2% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR4.10 per share. ANZ Chief Financial Officer Farhan Faruqui said: “The sale of our equity stake in AmBank is a significant milestone in delivering on our strategy to simplify…
Saudi Aramco announces launch of a secondary public offering
The Government of the Kingdom of Saudi Arabia (the “Government“) and Saudi Arabian Oil Company (Saudi Aramco), the world’s largest integrated energy and chemicals company (the “Company“), today announce the launch of a secondary public offering of ordinary shares of the Company (the “Offering“) by the Government that will commence on Sunday, 2 June 2024….
Vinanz Limited to launch bitcoin mining centre in Iowa, USA
LONDON: Vinanz Limited, the publicly listed Bitcoin mining company with US and Canadian Bitcoin mining operations, announces that it will launch a new Bitcoin Mining Centre in the USA in the State of Iowa. Vinanz has placed a starter order for 20 Bitmain Antminer S19J Pro+ 120 TH bitcoin miners to be deployed into one…
AltaGas and Vopak finalize investment decision on Ridley Island Energy Export Facility
AMSTERDAM: AltaGas Ltd.and Royal Vopak announced a positive final investment decision (FID) on the Ridley Island Energy Export Facility (REEF), a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure on Ridley Island, British Columbia, Canada. Following a five-year environmental preparation and review process, extensive engagement with multiple stakeholders…
Merchant House sells 33.79% interest in Tianjin Tianxing Kesheng Leather Products Company
SYDNEY: Merchant House International Limited (ASX: MHI) has entered into a binding agreement for the sale of its 33.79% interest in Tianjin Tianxing Kesheng Leather Products Company Limited to Tianjin Wuxi International Trading Company Limited, a company associated with the controlling shareholder of Tianxing for approximately A$8,300,000 (RMB 40,000,000) before taxes and other fees. There…
Springfield signs £6.3m affordable housing contract
LONDON: Springfield Properties plc (AIM: SPR), a leading housebuilder in Scotland focused on delivering private and affordable housing, announces that it has signed a new contract, worth £6.3m, with the Wheatley Group for the delivery of affordable housing. Construction will commence immediately and is expected to complete by October 2025, with the majority of the…
Brookfield and partners negotiate to purchase 53.32% in Neoen at 39.85 euros/share
PARIS: Brookfield (NYSE: BAM, TSX: BAM), together with its institutional partners including Brookfield Renewable and Temasek, through a special purpose vehicle exclusively controlled by Brookfield, has entered into exclusive negotiations to purchase a 53.32% shareholding in Neoen, a leading global renewable energy developer headquartered in France, from Impala, the Fonds Stratégique de Participations (FSP), Cartusia…
Poujoulat SA has acquired 80% of Convesa
PARIS, FRANCE: Poujoulat SA has acquired 80% of the capital of Convesa, one of the top three Spanish manufacturers of metallic chimney flues. This strategic acquisition allows the Poujoulat Group to significantly increase its international presence. Founded 50 years ago, Convesa has become a significant player in the market for modular metallic chimney flues. Convesa…
LondonMetric Property streamlines portfolio with strategic sales and acquisitions
LONDON: LondonMetric Property Plc has successfully divested seven properties for a total of £31.3 million, achieving a 7.0% net initial yield (NIY) and securing a 3% profit above book values. The transaction included the sale of non-core LXi REIT assets valued at £18.3 million, which fetched a 5% premium over book values. The sold assets…