LONDON: GlobalData Plc has signed an agreement to acquire Celent, a leading research and advisory firm, which is currently, part of Marsh McLennan’s Oliver Wyman Group. Completion, which is subject to certain closing conditions, is expected to occur on 31 December 2024 and will be funded from the Group’s existing cash resources. For over 20…
Graft Polymer (UK) Plc agrees to acquire all issued share capital of Awakn Life Sciences Corp.
LONDON: Graft Polymer (UK) Plc, a biotechnology company co-developing therapeutics for mental health disorders, announced it has entered a binding letter of agreement to acquire all issued share capital of Awakn Life Sciences Corp., a clinical-stage biotechnology firm focused on treating substance use and mental health disorders. Under the terms of the proposed acquisition, Graft…
Ricardo Plc announces sale of defense business for $85 million
LONDON: Ricardo Plc has announced the conditional sale of its Ricardo Defense Business to Proteus Enterprises LLC and Gladstone Investment Corporation, through GPD Acquisition Inc., for $85 million. The decision follows a thorough process by Ricardo’s Board. Key Points: Ricardo Defense is being sold to Proteus and Gladstone for $85 million. This figure is adjusted…
Ofcom proposes changes to mobile spectrum licence fees
LONDON: Ofcom is consulting on proposed changes to the annual licence fees (ALFs) paid by mobile network operators to use certain spectrum bands. “We charge mobile network operators annual licence fees for the use of three spectrum bands (900 MHz, 1800 MHz and 2100 MHz). They typically come into effect after a mobile operator’s licence…
PSR proposes price cap to combat soaring cross-border interchange fees
LONDON: In a move to support UK businesses, the Payment Systems Regulator (PSR) has published its final report on the market review of cross-border interchange fees. The report reveals that the steep rise in fees by major card companies, Mastercard and Visa, is harming businesses, prompting the PSR to propose a price cap to protect…
Roger White appointed Chief Executive Officer of C&C Group
LONDON: C&C Group plc, the vertically integrated premium branded drinks group and leading drinks distributor to the UK and Ireland hospitality sectors, announced the appointment of Roger White to the Board as Chief Executive Officer (CEO) from 20 January 2025. Roger’s appointment follows an extensive search process led by the Nomination Committee, in conjunction with…
Parkmead announces sale of subsidiary to Serica Energy
LONDON: Parkmead, a company focusing on gas, oil, and renewable energy projects, has agreed to sell its subsidiary, Parkmead (E&P) Ltd, to Serica Energy (UK) Ltd. The subsidiary holds Parkmead’s UK offshore oil licenses and some gas licenses in the Netherlands. However, Parkmead will keep its Dutch gas fields and UK wind farm. Parkmead will…
Guardian Metal Resources signs agreement to purchase Pilot Mountain Water Rights
LONDON: Guardian Metal Resources plc has announced a major update on its Pilot Mountain Project in Nevada, USA. The company has purchased water rights, a key step in supporting U.S. tungsten production, which is vital for national security. A definitive agreement has been reached between Pilot Metals Inc., Guardian Metal’s subsidiary, and Belmont Resources Inc….
Resolution Life announces acquisition by Nippon Life
LONDON: Resolution Life, a global life insurance group, announces that Nippon Life Insurance Company will acquire 100% of the company for $8.2 billion, valuing it at $10.6 billion. After the acquisition, Resolution Life’s business in the US, UK, Bermuda, and Singapore will become a subsidiary of Nippon Life. Meanwhile, Resolution Life’s Australasian business will merge…
GS Fintech UAB will acquire Cake Pte Ltd and Cake DeFi UAB
LONDON: GSTechnologies Limited (LSE: GST) has announced that its subsidiary, GS Fintech UAB, will acquire Cake Pte Ltd and Cake DeFi UAB, known together as CAKE, for an undisclosed cash amount. CAKE operates a prominent cryptocurrency investment platform called Bake, especially popular in Germany, Austria, and Switzerland. This acquisition aligns with GST’s goal to expand…
Cordiant Capital Inc. to acquire HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth
LONDON: HydrogenOne Capital LLP, the investment adviser to HydrogenOne Capital Growth plc, has entered into a conditional agreement to sell its business and assets to Cordiant Capital Inc., a specialist global infrastructure and real assets manager. This transaction marks a significant move towards expanding HydrogenOne’s market access and capabilities, while maintaining the core team and…
MHP offers to acquire UVESA Group of Spain
LONDON: MHP SE (LSE: MHPC), a leading international food group with major production facilities in Ukraine and Southeastern Europe, has submitted a binding offer to acquire UVESA Group, a market leader in the Spanish food industry with well-established poultry and pork operations. The transaction constitutes a tender offer addressed to all the current shareholders of…