OSLO: Hexagon Purus AS has signed two joint venture agreements with CIMC Enric Holdings Limited, headquartered in Shenzhen, China. The joint ventures will serve the fast-growing demand of the Chinese market for safe, lightweight and cost-efficient compressed hydrogen storage solutions. Relevant industrial standards for T4 cylinders are currently being implemented by the Chinese government. The…
Renishaw plc commences formal sale process of the company
LONDON: The Board of Renishaw Plc has launched a formal sale process for the Company after the founders Sir David McMurtry and John Deer, expressed intention to sell their approximately 53 percent shareholding in the company. The Board intends to seek a buyer who will respect the unique heritage and culture of the business, its…
Coinsilium Group to establish Gibraltar NFT Technology Studio
LONDON: Coinsilium Group Limited’s Gibraltar subsidiary, Terrastream Limited, has entered into a Memorandum of Understanding (MoU) with Indorse Pte. Ltd. to jointly launch a Non-Fungible Token (NFT) technology development studio in Gibraltar. It is proposed that the partnership will be based in Gibraltar and conducted through TerraStream, to be renamed “Nifty Labs Limited” which will…
Croda International acquires Alban Muller for €25 million
LONDON: Croda International Plc has agreed to acquire the worldwide business activities of Alban Muller for a total consideration of €25 million. Established in 1925, Croda is the name behind sustainable, high performance ingredients and technologies in some of the world’s most successful brands: creating, making and selling speciality chemicals that are relied on by…
Equals Group partners Tap Global to provide crypto currency liquidity
LONDON: Equals Group, the technology-led international payments group focused on the SME marketplace, announced a partnership with Tap Global Limited to provide crypto currency exchange services to both its B2B and B2C customer bases. Equals’ strategy is to provide multiple payment services across all currencies in a simple, accessible platform. Historically, the available curencies have…
NextEnergy Solar Fund acquires 100MWp UK Camden solar PV portfolio for £64.3 million
LONDON, UK: NextEnergy Solar Fund (NESF) announced the acquisition of the UK based Camden solar photovoltaic (PV) portfolio comprising two projects totalling 100MWp for a total consideration of c.£64.3 million. The portfolio is made up of two assets: The Grange: 50MWp on a c.214-acre site, located in Yorkshire, UK; and South Lowfield: 50MWp on a…
Bunzl plc announces acquisitions in UK, Netherlands and Canada
LONDON: Bunzl plc has recently completed three further acquisitions each in UK, Netherlands and Canada, a news release said. In January the Company acquired Deliver Net, a healthcare distributor to care home groups in the UK, with 2020 revenue of £20 million. Deliver Net is closely aligned with Bunzl’s existing care home business in the…
Polar Capital Holdings acquires Dalton Capital
LONDON: Polar Capital Holdings has acquired Dalton Capital, the parent company of Dalton Strategic Partnership LLP, as all pre-conditions including approval from the Financial Conduct Authority (FCA) were satisfied. The initial consideration for the acquisition has been satisfied through £8.5 million in cash plus 7,482 new ordinary shares in Polar Capital. Further deferred cash consideration…
Energean Plc intends to offer $2.5 billion senior secured notes
LONDON: Energean Plc’s subsidiary Energean Israel Finance Ltd. intends to offer US$2.5 billion aggregate principal amount of four tranches of senior secured notes, which are expected to mature in 2024, 2026, 2028 and 2031. The net proceeds from the proposed offering of the Notes are expected to be used: · to repay outstanding indebtedness under…
COVID risk prediction algorithm achieves UK regulatory approval
OXFORD: Sensyne Health plc, the UK Clinical AI company, announced that its SYNE-COVTM machine learning algorithm for COVID risk prediction has achieved regulatory approval for use in the UK. SYNE-COV analyses over 60 variables in the patient electronic health record to generate a prediction of the likelihood of a COVID positive patient developing severe disease,…
FastForward Innovations invests in David Beckham’s Cellular Goods Plc
LONDON: FastForward Innovations Ltd has invested approximately £17,215 as part of a he/avily oversubscribed £13 million placing at a price of 5 pence undertaken by Cellular Goods Plc. Cellular Goods commenced trading on the London Stock Exchange on 26 February 2021 (LSE: CBX). Cellular Goods is a UK-based provider of premium consumer products based on…
Electrocomponents Plc acquires Liscombe for £11 million
LONDON: Electrocomponents Plc announced the acquisition of Liscombe, a leading specialist supplier of high-risk hand protection and PPE products to industrial blue-chip customers in the UK and the Netherlands. Together with Needlers, our recent PPE acquisition within the food manufacturing vertical, the two businesses will provide a full range offer and expertise across key sectors…