SUBIACO: Star Resources has agreed with Newmont Goldcorp Corporation’s Australian subsidiary to acquire 50 percent of the Kalgoorlie Super Pit gold mine for US$775 million and additional associated assets for US$25 million, taking the total consideration to US$800 million. The acquisition will generate a host of substantial benefits for Northern Star shareholders. The acquisition also…
Founders First Limited successfully lists on the Australian Securities Exchange
SYDNEY, AUSTRALIA: Founders First Limited has announced the successful completion of its Initial Public Offer and listing on the Australian Securities Exchange (ASX). Founders First funds many different growth strategies; including acquisitions, sales & marketing, expansion rollouts, exporting and fixed assets. Founders First Limited raised $15.78 million comprising 31.561 million new, fully paid ordinary shares…
Tilt Renewables completes sale of Snowtown 2 wind farm
MELBOURNE, AUSTRALIA: Tilt Renewables has completed the sale of Snowtown 2 wind farm to an entity wholly-owned by funds managed by Palisade Investment Partners Limited (‘Palisade’) and First State Super. Tilt had announced that it entered into an agreement to sell the Snowtown 2 wind farm, as a result of the strategic review that was…
Cranswick acquires premium outdoor pig farming business, Packington Pork Limited
LONDON: Cranswick plc has acquired Packington Pork Limited from the Mercer family. Packington Pork Limited comprises pig farming and rearing operations and specialises in the production of British free range and outdoor bred pigs. Cranswick is a leading and innovative supplier of premium, fresh and added value food products. The business operates predominantly from a…
Sirius completes €44.5mn acquisition of Alzenau Business Park
LONDON: Sirius Real Estate has completed the acquisition of Alzenau Business Park, 34km east of Frankfurt am Main against a total purchase consideration of €44.5 million, including acquisition costs of €2.5 million. The acquisition will initially be funded using proceeds from recent asset recycling activity and will be injected into an existing facility in the…
Prospex announces conditional acquisition of stakes in operational gas power project in Spain
LONDON: Prospex Oil and Gas Plc has announced the conditional acquisition of up to a 49.9% indirect stake in El Romeral, an integrated gas production and power station operation located in the Guadalquivir basin in southern Spain. El Romeral is comprised of three production licences (together the “Area”), on which three producing wells supply gas,…
Aire Valley sells commercial development land at Gateway 45 Leeds for £30.3 million
LONDON: The Aire Valley Land LLP has completed the sale of 43 acres of commercial development land at its Gateway 45 Leeds site to PLP for £30.3 million. Aire Valley is the joint venture between Harworth Group plc and Evans Property Group. The site has been acquired by PLP’s flagship investment vehicle, the PLP UK…
Anthem launches two products to the Indian market
LONDON: OptiBiotix Health plc has announced the commercial launch of two products formulated with SlimBiome to the Indian market in partnership with Anthem BioPharma and Zeon Life Sciences. Anthem BioPharma, an Anthem Biosciences Pvt Ltd company, is a fully integrated Indian Pharmaceutical and Biotechnology company with a turnover of £90 million in FY 2019-20 and…
Clear Leisure announces business initiative based on 3D mapping technology of GeoSim Systems
LONDON: The board of Clear Leisure has proposed new business investment and initiative based on the 3D mapping technology of GeoSim Systems Ltd. Clear Leisure has a 4.53% shareholding in GeoSim which is an Israeli company specialising in 3D city mapping to create digital models. Using GeoSim’s technology under licence, Clear Leisure intends to launch…
Oracle Power signs agreement with new partners to develop Thar project
LONDON: Oracle Power PLC, the UK energy developer of a combined lignite coal mine and mine mouth power plant in Thar desert in the south-east of the Sindh Province of Pakistan, has entered into a Joint Development Agreement (JDA) with the Private Office of H.H. Sheikh Ahmed Dalmook Juma Al Maktoum and China National Coal…
Cineworld to acquire Canada based Cineplex for CAD 2.8 billion
LONDON, UK: Cineworld Group has announced proposed acquisition of the largest cinema operator in Canada with a highly attractive, well-invested portfolio and a 75 per cent box office market share, for a consideration of CAD 2.8 billion. Cineworld Group has signed an arrangement agreement with Cineplex Inc. pursuant to which Cineplex shareholders will receive CAD34…
CyanConnode to deploy smart metering for a government-owned utility in South India
LONDON: CyanConnode Holdings plc has received a Letter of Intent (LOI) from partner Genus Power Infrastructures Limited for deployment of 142,000 unit smart metering for one of the largest government-owned utilities in South India. Under this LOI, CyanConnode will supply Advanced Metering Infrastructure (AMI) standards-based hardware, services, and head-end software, which includes a perpetual license…