PARIS, FRANCE: Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to above as “Geely”) have officially created HORSE Powertrain Limited, headquartered in London, United Kingdom. Luca de Meo,…
Eurazeo sells its 25% stake in MCH Private Equity
PARIS: Eurazeo announced the sale of its 25% stake in MCH Private Equity (MCH), an asset manager specialized in small cap private equity in Spain. Eurazeo retains an EUR 80 million investment in the MCH V fund. An announcement will be made by Eurazeo before the end of July on the finalization of this process,…
Mutares enters exclusive negotiations for the sale of Repartim group
MUNICH: Mutares SE & Co. KGaA has entered into exclusive negotiations for the sale of its portfolio company Repartim to an institutional investor. In accordance with French law, a consultation process is currently taking place between the respective employee representatives of Repartim and the investor. The closing of the transaction is expected in the third…
Qben Infra to acquire Team Bygg AS, Holtekilen Bolig AS and Sørumsand Panorama AS
OSLO, NORWAY: On 31 May 2024 Qben Infra announced the signing of a share purchase agreement for all of the outstanding shares in Team Bygg AS from Tb Industrier AS. As part of the acquisition, Qben Infra has also signed a share purchase agreement for Tb Industrier AS’ 90% ownership stakes in Holtekilen Bolig AS…
MetalNRG plc sells its 10.97% stake in Italia MDC
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…