LONDON: Boab Metals Limited (ASX: BML) has executed an option agreement with joint venture partner Henan Yuguang Gold & Lead Co. Ltd to acquire their 25% interest in the Sorby Hills Lead-Silver-Zinc Project, located in the Kimberley Region of Western Australia. Boab Managing Director and CEO, Simon Noon, stated: “Yuguang has been a committed partner…
Telix Pharmaceuticals agrees to acquire RLS USA for upto $250 million
MELBOURNE: Telix Pharmaceuticals Limited (ASX: TLX) has signed an agreement to acquire RLS (USA) Inc., from its parent company, RLS Group Ltd. The acquisition significantly expands Telix’s North American manufacturing footprint and establishes the basis of a next generation radiometal production network to benefit Telix and select strategic commercial partners. The acquisition of RLS is…
Johns Lyng acquires Queensland based Keystone Group for $47.7 million
SYDNEY: Johns Lyng Group (ASX: JLG) announced the acquisition of an 87.5% controlling equity interest in Queensland-based Keystone Group – one of Australia’s leading Insurance Building & Restoration Services (IB&RS) businesses. Keystone services a recurring blue-chip customer base providing insurance repairs, restoration and hazardous material removal through its subsidiaries, Rizon, Remeed, and Corvex. Over recent…
Hooman Caman Javvi appointed new CEO of Porvair Plc
LONDON: Porvair Plc announced the appointment of Hooman Caman Javvi as Chief Executive Officer designate and Director of the Company. He is expected to join the Group on 6 January 2025 and assume the role of Chief Executive on the retirement of Ben Stocks following the Company’s AGM on 15 April 2025. Hooman was, until…
BSE shares surge amid speculation of NSE IPO
Shares of the Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, soared by up to 9% in Mumbai trading on Friday, extending its weekly gains to approximately 38%. This surge comes as market participants speculate about the potential initial public offering (IPO) of the National Stock Exchange (NSE) of India Ltd, following its recent acquittal…
TotalEnergies commences production from Fenix gas field in Southern Argentina
PARIS: TotalEnergies (Paris:TTE) announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan…
Volution Group agrees to acquire Fantech Group for A$280 million
LONDON: Volution Group plc has signed an agreement to acquire the Fantech Group of companies from the owners of the UK based Elta Group Ltd. The Group has signed an agreement to acquire 100% of the holding company of the Fantech Australasia business for an initial consideration of AUD$220 million (£112.9 million) on a debt/cash…
KASCO Developments launches in UAE real estate with AED 1.2bn initial investments
Dubai, UAE: KASCO Developments – the latest venture by the prominent KASCO Group – has officially launched into the thriving UAE property market. Having been involved in real estate since 2008, KASCO Group has a portfolio of successfully delivered projects such as Waves Tower by KASCO, KASCO Residence, KASCO Tower, and Gulf Oasis. Building on…
Feedback signs collaboration agreement with a provider of primary care solutions
LONDON: Feedback plc has signed a collaboration agreement with a provider of primary care solutions to explore the opportunities for a novel Neighborhood Diagnostics Solution. The intention is to explore creating a solution that combines the partners’ technology and Bleepa to streamline NHS diagnostic and pathway referrals between primary care, Community Diagnostic Centres (CDCs) and…
Close Brothers selling wealth management business, CBAM, to Oaktree Capital for £200 million
LONDON: Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, L.P. for an equity value of up to £200 million. Mike Biggs, Close Brothers’ Chairman, commented: “Following a comprehensive strategic review, the Board is pleased to announce the agreed sale of…
Creo Medical Group announces sale of Creo Europe to Micro-Tech for €72 million
LONDON: Creo Medical Group plc (AIM: CREO) has entered into a binding agreement with Micro-Tech (NL) International B.V., a subsidiary of Micro-Tech (Nanjing) Co. Ltd. The agreement involves the sale of 51% of the issued share capital of Creo Medical S.L.U. (Creo Europe) at an equity value of €72 million on a cash-free, debt-free basis….
AFC Energy launches Hyamtec Limited, the ammonia cracking business
LONDON: AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announced the launch of Hyamtec Limited, a wholly owned subsidiary of AFC Energy. Hyamtec has been established to commercialise the Company’s next-generation distributed ammonia cracking business. The Technology Hyamtec’s cracker technology has successfully demonstrated its flexibility to integrate with both ammonia combustion…