Rejection of BHP Proposal LONDON, UK: BHP Group has confirmed its intention to pursue a historic merger with Anglo American. On April 16, 2024, BHP proposed an all-share offer that would see Anglo American shareholders receive 0.7097 BHP shares for each Anglo American share, alongside a pro-rata distribution of shares in Anglo American Platinum Ltd…
MYTILINEOS eyes international expansion with potential London Stock Exchange listing
MYTILINEOS Energy & Metals, the Greek industrial powerhouse, has announced a strategic review of its options, including a potential listing on the London Stock Exchange. This decision comes as the company celebrates a period of remarkable growth, with revenues and profitability quadrupling in the past five years. The company, which has been a staple of…
AstraZeneca reports 19% increase in Q1 2024 revenue to $12.67 billion
LONDON: AstraZeneca has kicked off the year with a remarkable 19% increase in Total Revenue, reaching $12.679 billion in the first quarter of 2024. The pharmaceutical giant attributes this surge to an 18% rise in Product Sales and sustained growth in Alliance Revenue from its partnered medicines. The company’s financial health is further evidenced by…
Kromek Group receives new Nuclear Security contract from US federal entity
LONDON: Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has been awarded a contract, worth up to $2.9m, from a US federal entity for the provision of nuclear security products. The contract, which is from…
Afentra secures government nod for Angolan oil asset acquisition
LONDON: Afentra plc, the AIM-listed oil and gas entity with a focus on African assets, has announced the Angolan government’s approval for its acquisition of interests in two oil blocks from Azule Energy Angola Production B.V. The deal, which involves a 12% stake in Block 3/05 and a 16% stake in Block 3/05A, is now…
Ariana Resources Plc announces merger with Rockover Holdings
LONDON: Ariana Resources plc, a prominent AIM-listed mineral exploration and development company, has announced a landmark merger agreement to acquire Rockover Holdings Limited, thereby gaining full ownership of the Dokwe Gold Project in Zimbabwe. This move signifies a pivotal expansion beyond Ariana’s established Turkish operations and aligns with its strategic goal of establishing a global…
Norcros plc to sell Johnson Tiles UK for £1 million
LONDON, UK: Norcros plc, a market-leading designer and supplier of high quality bathroom and kitchen products in the UK, Europe and South African markets, announced that following a strategic review, it has entered into an agreement to sell Johnson Tiles UK to its existing management team. Johnson Tiles UK, based in Stoke-on-Trent UK, designs, manufactures…
Tietoevry halts banking business demerger, opts for in-group specialization
OSLO, NORWAY: Tietoevry has halted the demerger process of its Banking business, initially set in motion on July 22, 2022. The company had previously considered transforming its Banking division into a standalone entity to be listed on the stock exchange. However, on February 15, 2024, Tietoevry’s Board of Directors approved a demerger plan, while also…
Happiest Minds Technologies agrees to acquire PureSoftware for $94.5 million
LONDON: Happiest Minds Technologies Limited (NSE: HAPPSTMNDS) signed definitive agreements to acquire 100% of the equity share capital of PureSoftware Technologies Private Limited for a total purchase consideration of US$ 94.5 Million. PureSoftware with a global presence and headquarters in Noida is a fast-growing Digital Engineering & Transformation Services and solutions provider with deep domain…
Finsight Group has acquired T-REX cloud-native platform
Finsight Group Inc., a financial technology company announced the acquisition of T-REX, a cloud-native platform engineered to accurately model and manage the most complex investments across private credit, structured credit, and project finance. Along with the acquisition, FINSIGHT is excited to welcome Benjamin Cohen, T-REX Founder and CEO, Arad Shaiber, CTO, as well as key…
Augment Inc. raises $227 million at $977 million valuation
AI coding assistance startup Augment Inc. announced its $227 million Series B round at a $977 million post-money valuation with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners and Meritech Capital. This brings Augment’s total funding to $252 million, following its $25 million Series A led by Sutter Hill Ventures. The latest…
Invictus Energy signs agreement to power Zimbabwe’s Eureka Mine
JOHANNESBURG: Invictus Energy Limited has partnered with Dallaglio Investments and Himoinsa Southern Africa to launch a gas-to-power project at Zimbabwe’s Eureka Gold Mine. The African Energy Chamber endorses the initiative, which aims to enhance energy efficiency and reliability in the mining sector. The project will utilize natural gas from the Cabora Bassa Project to replace…