Legrand (Paris:LR) has announced the acquisition of two leading companies in the burgeoning fields of assisted living, healthcare, and datacenters. This strategic expansion is set to fortify Legrand’s position in its rapidly growing segments. Enovation: Pioneering Healthcare Software Dutch company Enovation, a frontrunner in the healthcare software industry, is now part of the Legrand family….
BenevolentAI refocuses business strategy, cuts workforce by 30%
Amsterdam-based biopharma AI leader BenevolentAI announced a strategic shift to concentrate on AI-driven drug discovery and proprietary pipeline revenue streams. The decision follows the discontinuation of its Knowledge Exploration Tools due to high commercialization costs and a lengthy ROI timeline. This pivot is expected to enhance shareholder returns. The company will reduce its workforce by…
Falcon Oil & Gas signs gas sales agreement with Northern Territory Government
LONDON: Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) has announced the signing of a significant Binding Agreement under the Beetaloo Joint Venture (BJV). The agreement outlines a long-term Gas Sales Agreement (GSA) with the Northern Territory Government to supply an annual volume of 14.6 petajoules (13.8 billion cubic feet) of gas from the…
Monument Therapeutics accesses £1.5m for schizophrenia clinical development
LONDON, UK: Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, announced that Monument Therapeutics Limited has completed a £1.0 million fundraise and announced a further £0.5 million grant funding for the development of a Schizophrenia treatment. Monument was spun out of Cambridge Cognition in 2021, with the…
Ascent Resources invests in GNG Partners LLC
LONDON: Ascent Resources Plc (LON: AST) has made an investment into a private US holding company, GNG Partners LLC, that has been formed to acquire onshore US midstream gas distribution and processing facilities which includes helium purification and liquefaction. This is the first shaping move for Ascent Resources following a period of deal origination /…
Kistos Plc has acquired EDF Energy (Gas Storage) for £25 million
LONDON: Kistos Plc (LSE: KIST) has announced the successful acquisition of EDF Energy (Gas Storage) Limited, a subsidiary of EDF Energy (Thermal Generation) Limited. The deal, valued at £25 million, was finalized following the initial announcement on February 20, 2024, and marks Kistos’s foray into the gas storage sector. The acquisition includes two key onshore…
JD Sports Fashion signs deal to acquire Hibbett Inc. for $1.08 billion
LONDON, UK: JD Sports Fashion Plc, the leading global retailer of sports, fashion and outdoor brands, has signed an agreement to acquire Hibbett Inc., a company listed on the Nasdaq, for a price of $87.50 per share in cash, implying an equity value of $1,083 million and an enterprise value of $1,109 million. Régis Schultz,…
TotalEnergies to acquire remaining 50% in SapuraOMV for $530 million
PARIS: TotalEnergies (NYSE:TTE) has signed an agreement with Sapura Upstream Assets Sdn Bhd (SUA) to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream Sdn (SapuraOMV) for a consideration of $530 million, subject to closing adjustments. Closing is expected in the second half of 2024. This agreement follows a first agreement…
Cobra Resources secures total control of Wudinna Project
LONDON: Cobra Resources, listed on the London Stock Exchange as COBR, has reached a significant milestone in its operations at the Wudinna Project in South Australia. The company has announced with pleasure that all the conditions precedent to the Wudinna Sale Agreement with Andromeda Metals, traded on the Australian Securities Exchange as ADN, have been…
Made Tech awarded £19.5m new contract with DLUHC
LONDON: Made Tech Group, a leading provider of digital, data and technology services to the UK public sector, has been awarded a new contract with The Department for Levelling Up, Housing & Communities (“DLUHC”), worth up to £19.5 million revenue to the Group over a 24 month period with a 12 month extension option. Made…
Moody’s upgrades rating of Helios Towers
LONDON: Helios Towers plc, the independent telecommunications infrastructure company, announced Moody’s Investors Service has upgraded the Company’s long-term corporate family rating from B2 to B1 with a stable outlook. The rating on Helios Towers’ 7.000% Senior Notes due 2025 was also upgraded as part of the rating action to B1. The positive rating action reflects…
Top pharmaceutical company evaluates Optimer for precision liver medicine
LONDON: Aptamer Group plc (AIM: APTA), the developer of novel Optimer binders to enable innovation in the life sciences industry, today announces that its Optimer binder against cells associated with fibrotic liver disease, developed for targeted delivery of therapeutic payloads to fibrotic liver disease, has been shipped to a top 15 pharmaceutical company for evaluation…