LONDON: Castings PLC, the leading iron casting and machining group primarily focused on the European heavy truck market, has acquired the fixed assets and stock of Russell Ductile Castings Limited (RDC) from its appointed administrators. Russell Ductile Castings Limited (RDC), a subsidiary of Chamberlin plc, was an iron foundry producing parts for the capital goods…
Invinity Energy Systems announces 4 MWh sale to PowerFlex
LONDON: Invinity Energy Systems (AIM: IES), a leading global manufacturer of utility-grade energy storage, announced a 4 MWh sale to PowerFlex, part of EDF Renewables North America. The batteries will be used in a California Energy Commission-funded solar microgrid project being undertaken by the Rincon Band of Luiseño Indians. The project will see 18 Invinity…
Longboat Energy to sell its 50.1% shares in Longboat Japex Norge AS to Japan Petroleum
Longboat Energy to sell its 50.1% holding in Longboat Japex Norge AS (LJN) to its joint venture partner Japan Petroleum Exploration Co. Ltd (JAPEX).
Shawbrook Group to acquire motor finance lender, JBR Auto Holdings
LONDON: Shawbrook Group plc has signed an agreement to acquire JBR Auto Holdings Limited (JBR), a UK specialist motor finance lender focused on high-end vehicles. Subject to satisfaction of the conditions precedent to the acquisition, completion is expected to take place in Q3 2024. The acquisition not only broadens Shawbrook’s offering within the regulated motor…
Hikma agrees to acquire Xellia Pharmaceuticals’ assets for $135 million
LONDON: Hikma Pharmaceuticals has agreed with Copenhagen based Xellia Pharmaceuticals to acquire parts of its US finished dosage form (FDF) business and assets, including a commercial portfolio and pipeline of differentiated products, a manufacturing facility in Cleveland, Ohio, sales and marketing capabilities, and an R&D center in Zagreb, Croatia. Hikma will pay a cash consideration…
Akasa Air commences operations from Riyadh, Saudi Arabia
Akasa Air commenced operations from Riyadh, connecting it to Mumbai with daily direct flights. The inaugural flight on 15th June 2024 departed Chhatrapati Shivaji Maharaj International Airport in Mumbai
AGWA and Believer Meats collaborate to boost cultivated meat industry in Abu Dhabi
The collaboration aims to develop capabilities in cultivated meat and establish a presence in Abu Dhabi, leveraging the Emirate’s strategic location and resources for growth
Dongfeng Motor launches three new vehicles in Spain
Dongfeng released three new vehicles in Spain market: the high-end new energy vehicles VOYAH FREE, VOYAH DREAM, and the luxury electric off-road vehicle MHERO I.
UK-based Alif Capital acquires Pakistani E-commerce firm Alif Innovations
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations (Private) Limited by London-based M/s Alif Capital Holdings Limited. M/s Alif Capital Holdings Limited, a private limited company registered in England and Wales, acts as a holding company for various investments. The target company, M/s Alif Innovations (Private) Limited, is registered…
TotalEnergies sells TotalEnergies EP Brunei to Hibiscus Petroleum for $259 million
PARIS: TotalEnergies (Paris:TTE) has entered into an agreement to sell its wholly-owned subsidiary TotalEnergies EP (Brunei) B.V. to Hibiscus Petroleum Berhad, a Malaysian independent oil and gas exploration and production company, for a consideration of $259 million. The transaction is expected to close in the fourth quarter 2024. TotalEnergies EP (Brunei) B.V. owns and operates…
Glentra Fund offers to acquire Kyoto Group AS
OSLO, NORWAY: Kyoto Group AS, a prominent player in the energy sector, has announced a landmark transaction with GF I Kiln HoldCo AS, an acquisition entity owned by the esteemed Glentra Fund I K/S. This strategic move includes a directed share issue and a subsequent voluntary all-cash offer for all outstanding shares of Kyoto, marking…
Aptamer Group signs product development partnership with Microsaic Systems
LONDON: Aptamer Group plc (AIM: APTA), the developer of novel Optimer® binders to enable innovation in the life sciences industry, announced a partnership with Microsaic Systems plc to develop a panel of Optimer binders for integration into a water testing system. Microsaic has recently purchased the Microtox® water testing system. Earlier work with Aptamer’s COVID-19…