LONDON: Onego Bio Ltd, an Agronomics company, has secured EUR 14 million in new funding from the European Innovation Council Accelerator Program and an additional Series A investor. In April, Onego announced it closed EUR 37 million in its series A round which, including this new capital, brings Onego’s total funding to date to EUR…
ACG Acquisition Company acquires Gediktepe Mine in Türkiye
LONDON: ACG Acquisition Company today announced that it has agreed to the $290 million transaction with Lidya, a subsidiary of Istanbul-based conglomerate Çalık Holding, for the acquisition of 100% of the shares in Polimetal Madencilik Sanayi ve Ticaret A.Ş. and associated sulphide expansion project financing. Polimetal holds mining rights and operates the Gediktepe mine in Türkiye. As…
Complii FinTech to sell Registry Direct business for $3.9 million
SYDNEY: Complii FinTech Solutions has entered into a Non-Binding Term Sheet (NBT) to sell its Registry Direct business unit, which is expected to be completed on 30 September 2024. The business unit will be acquired by Mr Steuart Roe, the Founder and CEO of Registry Direct, in a Management Buy-Out. Mr Roe is also currently…
SPIE signs agreement to acquire 87% of Otto Life Science Engineering GmbH
PARIS, FRANCE: SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the signature of an agreement to acquire c.87% of Otto Life Science Engineering GmbH in Germany. SPIE expects to close the transaction in Q3 2024, subject to customary closing conditions among which German antitrust approval. Gauthier Louette,…
EssilorLuxottica to acquire Supreme brand from VF Corporation for $1.5 billion
PARIS, FRANCE: EssilorLuxottica, a global leader in the optical industry, and VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for $1.5 billion in cash. Francesco Milleri, Chairman and Chief Executive Officer and Paul du…
BW Energy to acquire shares in Reconnaissance Energy Africa
OSLO, NORWAY: BW Energy has signed a Letter Agreement (LA) with Reconnaissance Energy Africa Ltd to acquire approximately 16.8 million common shares and 16.8 million warrants for a total consideration of USD 16 million in ReconAfrica’s announced equity raise. By participating in the equity raise, BW Energy will also receive a 20% non-operating interest in…
Smiths Group sells 4.9% shares in ICU Medical Inc
LONDON: Smiths Group plc has sold 1.2m shares in ICU Medical Inc, representing approximately 4.9% of ICU Medical’s issued share capital. Smiths will receive net proceeds of c.$152m (£117m) from the sale which will be used for general corporate purposes. Smiths continues to hold 0.47m shares in ICU Medical representing approximately 1.92% of ICU Medical’s…
Rio Tinto appoints Katie Jackson as Chief Executive of copper business
LONDON: Rio Tinto has appointed Katie Jackson to lead its Copper business, succeeding Bold Baatar, who as previously announced, will become Chief Commercial Officer later this year. Katie Jackson is currently President of National Grid Ventures, responsible for the development and operation of large-scale infrastructure energy assets. She will join Rio Tinto on 1 September…
Mitie Group acquires ESM Power in a £8.5 million deal
LONDON: Mitie Group plc has entered into an agreement to acquire ESM Power, a leading high voltage electrical engineering business specialising in grid and power connections, for a maximum consideration of £8.5m (comprising an initial payment of £5.5m and performance-linked deferred payments of up to £3m over two years). Completion is expected on 31 July…
HSBC Holdings appoints Georges Elhedery as Group Chief Executive
LONDON: HSBC Holdings plc today announced that Georges Elhedery has been appointed as Group Chief Executive, with effect from 2 September 2024. HSBC Group Chairman, Sir Mark Tucker, said: “I am delighted to confirm Georges as the next HSBC Group Chief Executive. He is an exceptional leader and banker who cares passionately about the Bank,…
Aramco acquires an equity interest in APQ’s Blue Hydrogen Industrial Gases Company
Aramco has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ).
Cloud-native platform, Tekion, gets $200 million in growth equity capital from Dragoneer Investment
Tekion, innovator of the first cloud-native platform serving the entire automotive retail ecosystem, today announced that it has secured $200 million in growth equity capital from Dragoneer Investment Group