LONDON: Versarien plc, the advanced materials engineering group, has completed a binding agreement for the sale of the company’s wholly owned subsidiary, AAC Cyroma Limited to Harper Bennett Limited for a total consideration of £550,000, subject to any adjustments arising from completion accounts. The consideration of £550,000 is payable in cash, in 16 equal quarterly…
Anpario Plc has acquired Bio-Vet Inc. for $7.3 million
LONDON: Anpario Plc (AIM: ANP), the independent manufacturer of natural sustainable animal feed additives for health, nutrition and biosecurity, has completed the acquisition of Bio-Vet Inc., including the land and buildings at its production facility in Barneveld, Wisconsin, United States for a total net cash consideration of up to US$7.3m. Bio-Vet is a leading producer…
Luceco plc has acquired CMD Limited for £30 million
LONDON: Luceco plc, the supplier of wiring accessories, EV chargers, LED lighting, and portable power products, has acquired CMD Limited (CMD), the market-leading manufacturer of wiring accessories for the workplace, through the acquisition of its ultimate parent company, Baltic Topco Limited, from Rubicon Partners and management for cash consideration of £30.0m, on a cash and…
Why You Should Read E-Books to Expand Your Horizons
In a world where information is always available, reading has evolved. E-books offer a way to explore new worlds without leaving your space. They bring a wider view of life and learning making knowledge more accessible than ever before. With Z library learning becomes simple and fun giving readers a chance to explore a variety…
TotalEnergies to acquire dry gas producing assets from Lewis Energy Group
PARIS: TotalEnergies (Paris:TTE) has signed an agreement with Lewis Energy Group to acquire a 45% interest in dry gas producing assets owned and operated by Lewis Energy Group in the Eagle Ford basin in Texas. The acquisition of these low cost and long plateau assets further strengthens TotalEnergies’ integration across the gas value chain in…
abrdn Property Income Trust to sell abrdn Property Holdings to Golden Tree for £351 million
LONDON: abrdn Property Income Trust Limited (API) has entered into a significant agreement with GoldenTree Asset Management LP for the sale of its wholly-owned subsidiary, abrdn Property Holdings Limited (APH). This transaction includes the sale of 39 assets, representing API’s entire investment property portfolio, except for its interest in the land at Far Ralia. The…
International Public Partnerships Limited announces £30 million disposal of FHSP Investment
LONDON: International Public Partnerships Limited (INPP), a prominent infrastructure investment company, has successfully completed a partial disposal of its Family Housing for Service Personnel (FHSP) investment, generating approximately £30 million. The sale price aligns with the company’s valuation as of June 30, 2024. The FHSP investments, structured as mezzanine debt, are secured against seven operational…
Valereum Plc announces launch of VLRM Capital Management
LONDON: Valereum Plc (AQSE: VLRM) announced the launch of VLRM Capital Management Limited (VCM). VCM was incorporated in Gibraltar on the 4th of July 2024 as a 100% subsidiary of Valereum Plc and will act as director of VLRM Capital Management VSA Private Fund Limited. The fund was incorporated in Gibraltar on the 4th of…
Shellbay Investments has appointed Dr Philip Boigner as Chief Executive Officer
LONDON: Shellbay Investments Limited, providing portfolio management and investment services, has appointed Dr Philip Boigner as its interim Chief Executive Officer with immediate effect. The appointment of Dr Boigner follows a strategic review by Mr James Mellon, the non-executive chair of Agronomics, and indirectly the sole owner of Shellbay. Mr Anthony Chow, the former Chief…
Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions
NEW YORK: Coleville Partners has acquired The Powderhorn Agency from Accretive Insurance Solutions and appointed Nick Alexander as President. Powderhorn, based in Brookfield, Connecticut, specializes in residential warranty and protection programs for oil tanks and septic systems, with over 25 years of experience. Nick Alexander, a seasoned executive in the home warranty industry, brings extensive…
Manfred Knof is leaving Commerzbank AG on September 30
LONDON: The acting CEO of Commerzbank AG, Manfred Knof, will leave the Bank on 30 September 2024. The 59‑year‑old and the Supervisory Board have agreed on this. On Tuesday, it had rearranged the responsibilities at the Group’s top management and appointed Bettina Orlopp (54) as the future CEO and thus as successor to Knof. At…
The Codan Group acquires US-based Kägwerks for an initial $33.6 million
SYDNEY: The Codan Group (ASX:CDA), through a wholly owned subsidiary Codan US Inc., has entered into a binding agreement to acquire 100% of US-based organisation SKT2 LLC dba Kägwerks. Completion is expected to occur in early December 2024. Kägwerks is a global leader in tactical operator-worn neworking communications technologies that enable connectivity and integrated secure…