LONDON: Europa Metals Ltd has signed a conditional term sheet regarding the proposed acquisition of Viridian Metals Ireland Limited and its 100 % owned Tynagh brownfield Pb/Zn/Cu/Ag project in the Republic of Ireland. The proposed transaction, if completed, would constitute a reverse takeover under the AIM Rules and accordingly the company would need to apply…
Playtech sells Snaitech to Flutter Entertainment at enterprise value of €2.3 billion
LONDON: Playtech plc has entered into a definitive agreement for the sale of Snaitech S.p.A. and certain of its subsidiaries to Flutter Entertainment Holdings Ireland Limited for a total enterprise value of €2.3 billion in cash. Snaitech is one of the leading Italian B2C sports betting and gaming companies in online and retail, and employs…
Xero Limited is acquiring Syft Analytics for $70 million
WELLINGTON: Xero Limited (ASX: XRO) is acquiring Syft Analytics, a leading global cloud-based reporting, insights and analytics platform for accountants, bookkeepers and small businesses. The acquisition will accelerate Xero’s insights, advanced reporting and analytics offerings for customers in Australia, the UK, the US and its other markets globally. Xero plans to embed Syft’s functionality within…
Gearset has acquired Clayton, a cutting-edge code analysis platform
CAMBRIDGE: Gearset, the leader in Salesforce DevOps solutions, has acquired Clayton, a cutting-edge code analysis platform designed specifically for Salesforce. The strategic acquisition is Gearset’s first, following years of rapid growth fueled by a $55 million growth investment from Silversmith Capital Partners. In that time, Gearset has launched several products and upgrades, and reached the milestone…
Manx Financial Group has acquired remaining 49.9% interest in Payment Assist Limited
LONDON: Manx Financial Group (AIM:MFX) has brought forward the acquisition of the remaining 49.9% interest in Payment Assist Limited. The transaction was completed on 13 September 2024. From this date, the Group will hold 100% of Payment Assist and fully consolidate Payment Assist’s trading results. On 16 May 2022, the Group announced an agreement to…
Netcall plc buys Parble, provider of document processing software, for €8.7mn
LONDON: Netcall plc (AIM: NET), a leading provider of intelligent automation and customer engagement software, announced the acquisition of Smart & Easy NV (trading as Parble), a provider of intelligent document processing software. The total consideration for the acquisition is up to €8.7 million, comprising an initial cash consideration of €4.7 million and an earnout…
JTC to acquire Citi Trust, a fiduciary and trust administration services business, for $80million
LONDON: JTC, the global professional services provider, announced the proposed acquisition of the global fiduciary and trust administration services business (Citi Trust) from Citigroup Inc. for a total consideration of $80million. The acquisition is subject to customary regulatory approvals in all relevant jurisdictions and is expected to complete in H1 2025. The acquisition will be…
Commodities Market Sees Significant Gains: Silver and Platinum Lead the Surge
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Currency Market Weekly Recap: Dollar Index Dips, USD/JPY Sees Significant Drop
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Flutter Entertainment Brazilian operator of Betnacional, NSX Group, for $350 million
LONDON: Flutter Entertainment (NYSE:FLUT), the world’s leading online sports betting and iGaming operator, today announced the acquisition of an initial 56% stake in NSX Group, a leading Brazilian operator of the Betnacional brand for cash consideration of approximately $350 million. The transaction fully aligns with Flutter’s strategy to invest in leadership positions in international markets, securing a…
National Grid to sell its Electricity System Operator (ESO) for £630 million
LONDON: National Grid plc has reached agreement with HM Government on the terms of the sale of National Grid’s Electricity System Operator (ESO) for an enterprise value of £630 million. The final cash consideration will be subject to customary closing adjustments (including for timing differences). The transaction is an important milestone for the creation of the…