LONDON: Oracle Power PLC (AIM: ORCP), through its joint venture Oracle Energy Limited, announced an extension of its strategic agreement with China Electric Power and Technology Co., Ltd. (CET) to further advance the development of the Green Hydrogen Project in Thatta, Sindh Province. The Memorandum of Understanding (MoU), initially signed on March 7, 2023, was…
Playtech appoints John Gleasure as Chairman elect
LONDON: Playtech PLC (LSE: PTEC), the global leader in gambling technology, has announced the appointment of John Gleasure as an independent Non-executive Director and Chairman Elect. Gleasure is set to succeed Brian Mattingley as Non-executive Chairman following Playtech’s Annual General Meeting (AGM) in May 2025. Mattingley, who will step down from the Board at that…
NeuroScientific to acquire stem cell technology for Crohn’s disease treatment
PERTH: NeuroScientific Biopharmaceuticals Ltd. (ASX:NSB) announced plans to acquire StemSmart™, a patented stem cell technology from Isopogen WA Ltd., aimed at developing treatments for immune-mediated inflammatory disorders, including refractory Crohn’s disease. The acquisition, subject to shareholder and regulatory approvals, includes binding agreements with key Isopogen shareholders holding 51.4% of the company’s shares. NeuroScientific will issue…
Ajax to acquire Argentina’s Eureka Project
LONDON: Ajax Resources, a U.K.-listed special purpose acquisition company focused on natural resources (LSE: AJAX), has reached an agreement to acquire Puna Metals S.A., the company that holds the mining rights to the Eureka Project in Argentina, the company confirmed Wednesday. The acquisition, valued at $170,000 in cash, allows Ajax to take control of the…
Equity Story Group to acquire Baker Young for $4.2 million
SYDNEY: Equity Story Group (ASX: EQS) announced Wednesday it has signed a binding agreement to acquire Adelaide-based financial advisory firm Baker Young Limited for $4.2 million, marking a strategic push into full-service wealth management. The deal, funded through debt, includes an upfront cash payment of $3 million and a $1.2 million earn-out tied to performance…
KKR to acquire OSTTRA from S&P Global, CME Group for $3.1 billion
S&P Global and CME Group have agreed to sell OSTTRA, their jointly owned post-trade infrastructure firm, to investment funds managed by KKR in a deal valuing the company at $3.1 billion in total enterprise value. The transaction, expected to close in the second half of 2025 pending regulatory approvals, will see proceeds split evenly between S&P…
Ingersoll Rand acquires G&D Chillers and Advanced Gas Technologies for $27 million
DAVIDSON: Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has acquired G&D Chillers, Inc. and Advanced Gas Technologies Inc. (AGT) for a combined $27 million to expand its air treatment portfolio. G&D, a U.S.-based manufacturer of premium glycol chillers used in breweries, wineries and food processing, strengthens Ingersoll Rand’s engineering…
TotalEnergies expands LNG agreements with NextDecade and ENADOM
PARIS: TotalEnergies has signed two liquefied natural gas (LNG) agreements, one with NextDecade for the future Train 4 at the Rio Grande LNG facility in Texas and another with Energia Natural Dominicana (ENADOM) in the Dominican Republic. The company has agreed to purchase 1.5 million tons per annum (Mtpa) of LNG from NextDecade over a…
Tullow Oil to sell Kenyan assets to Gulf Energy for $120 million
LONDON: Tullow Oil plc announced Monday that its subsidiary, Tullow Overseas Holdings BV, has agreed to sell its Kenyan operations to Gulf Energy Ltd. for a minimum of $120 million. The deal includes an initial $40 million payment upon completion, followed by two additional $40 million payments tied to project milestones. Tullow will also receive potential royalty…
Haleon to fully acquire Chinese Tianjin TSKF Pharmaceutical for £0.2 billion
LONDON: Haleon plc has entered into an agreement to acquire the remaining 12% equity interest in its Chinese over-the-counter (OTC) joint venture, Tianjin TSKF Pharmaceutical Co., Ltd., from partner Tianjin Pharmaceutical Da Ren Tang Group Corporation Limited, the company announced Tuesday. The acquisition, valued at approximately 1.623 billion renminbi (£0.2 billion), follows Haleon’s purchase of a…
UK labor market shows signs of weakness ahead of employer tax hike
LONDON: Britain’s labor market showed signs of weakening ahead of this month’s increase in a tax on employers, data released Tuesday showed. However, strong wage growth persisted, complicating the Bank of England’s efforts to curb inflation. Financial markets indicate a 90% chance of a quarter-point interest rate cut when policymakers meet in early May, followed by…
Ofgem fast-tracks clean power plugging into Britain’s electricity grid
LONDON:L Ofgem has approved historic reforms to fast-track clean power plugging into Britain’s electricity grid – with the new system launched by the end of May. The new connections regime abolishes the broken ‘first-come, first-served’ system. This meant unviable, stalled or speculative ‘zombie’ projects blocked hundreds of wind, solar and energy storage developments from connecting, with…