LONDON, UK: Marlowe plc, the leader in business-critical services, announced completion of the sale of certain Governance, Risk & Compliance (GRC) software and services assets for an Enterprise Value of £430 million and, as a result, confirms the timetable for the £150 million special dividend set out by the Group on 22 May 2024. The…
Power Metal Resources secures £2 million investment, eyes uranium joint venture
LONDON: Power Metal Resources PLC (AIM:POW) has announced a substantial investment agreement with ACAM LP. The deal involves a £2 million investment through a loan note arrangement, accompanied by warrants, marking a strategic step forward for Power Metal’s global uranium ambitions. The legally binding subscription agreement with ACAM LP includes the issuance of loan notes…
Hunting PLC receives $86 million OCTG order from KOC
LONDON: Hunting PLC (LSE:HTG), the global engineering group, has secured a second OCTG order with KOC, through distributor in Kuwait, with an order value totalling $86 million. The OCTG casing and connections related to this order are similar to those announced on 15 May 2024. This second order continues to strengthen Hunting’s relationship with KOC…
M.P. Evans Group acquires 5% in Indonesian planted hectarage
LONDON, UK: M.P. Evans Group PLC, a producer of sustainable Indonesian palm oil, has completed the purchase of the 5% minority holding in the majority (70% by Group-owned planted hectarage) of its Indonesian subsidiary trading companies. The acquisition has been made by the Group’s wholly owned subsidiary, P.T. Evans Indonesia, and encompasses the 5% shareholdings…
TPFG acquires The Guild of Property Professionals and Fine & Country
LONDON, UK: The Property Franchise Group PLC (AIM: TPFG), the UK’s largest multi-brand property franchisor, announced the acquisition of the entire issued share capital of both GPEA Limited and associated companies, trading as The Guild of Property Professionals (The Guild) and as Fine & Country, for a total consideration of approximately £20 million. The consideration…
Mark Perrins appointed Group Chief Executive Officer of Strip Tinning Holdings
LONDON, UK: Strip Tinning Holdings plc (AIM: STG), a leading supplier of specialist connection systems to the automotive sector, announced that, further to the announcement on 30 April 2024, Mark Perrins has been appointed Group Chief Executive Officer (“CEO”) and joins the board of directors of the Company effective immediately. Mark Perrins has served as…
Mosman Oil and Gas acquires 10% working interest in a helium project in USA
LONDON: Mosman Oil and Gas Limited (AIM: MSMN) the hydrocarbon, helium and hydrogen exploration, development, and production company, has acquired a 10% working interest (WI) in a helium project in Las Animas County, Colorado, USA (the “Vecta Helium Project”) from Vecta Oil and Gas Ltd, a private company that has explored, drilled and produces helium…
Regal Partners acquires Merricks Capital for A$235 million
SYDNEY, AUSTRALIA: Regal Partners Limited (ASX:RPL) has entered into a share sale deed to acquire 100% of the issued share capital of JRJJ Capital Pty Ltd (the head entity of the business trading as “Merricks Capital”. Merricks Capital, founded in 2007 by current Executive Chairman and Chief Investment Officer (“CIO”) Adrian Redlich, is a hard…
Generation Development Group to acquire remaining 61.9% of Lonsec for $197.4 million
SYDNEY, AUSTRALIA: Generation Development Group Limited (ASX:GDG) has entered into a binding agreement to acquire the remaining 61.9%of Lonsec Holdings Pty Ltd’s fully diluted share capital not already owned by GDG for $197.4 million up-front consideration. Following GDG’s highly successful investment in Lonsec in 2020, a move to 100% ownership provides an opportunity for GDG…
OPEC+ Extends Oil Output Cuts Amid Market Challenges
On Sunday, OPEC+ made the decision to extend most of its deep oil output cuts well into 2025, surpassing market expectations. The group aims to stabilize the market amidst sluggish demand growth, elevated interest rates, and increasing US production. Oil prices currently hover around $80 per barrel, falling short of what many OPEC+ members require…
Valereum and Securities Trading Technology Mauritius to develop financial market infrastructure
LONDON: Valereum Plc (AQSE: VLRM), the Gibraltar technology group, and Securities Trading Technology (Mauritius) Ltd (STT) have entered into a strategic partnership to jointly develop Valereum’s core technology infrastructure – “The Bridge” Digital FMI (Financial Market Infrastructure). STT will provide continued support and development from their extensive in-house expertise within capital markets technology, with a…
Renault Group and Geely create HORSE Powertrain Limited
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,…