SYDNEY, AUSTRALIA: Empire Energy has entered into an unconditional agreement to sell its US oil & gas assets located in the Appalachlan region for up to US$9.1 million, comprising upfront cash payment of US$5.9 million and contingent and solar deferred payments of US$3.2 million. Upon completion, Empire’s US Macquarie Bank credit facility will be repaid…
Societe Generale to sell Marocaine de Banques and La Marocaine Vie for EUR 745 million
PARIS, FRANCE: Societe Generale Group has signed two contracts with Saham Group with a view to sell Société Générale Marocaine de Banques including its subsidiaries and La Marocaine Vie. The two Groups also outlined the framework for a long-term business partnership. Societe Generale’s Board of Directors, which met on 11 April 2024 under the chairmanship…
FCA issues reminder to motor finance firms on financial resources amid review
LONDON: The Financial Conduct Authority (FCA) has issued a formal reminder to motor finance firms regarding the necessity of maintaining adequate financial resources consistently. This communication comes as the FCA conducts a review of the historical application of discretionary commission arrangements (DCA) within the motor finance sector. The FCA’s scrutiny has revealed a variety of…
Frontier IP appoints Jo Stent as Chief Financial Officer
LONDON: Frontier IP, a specialist in commercialising intellectual property, announced the appointment of Jo Stent as Chief Financial Officer with effect from 22 April 2024. Jo is a chartered accountant, having qualified at Ernst & Young, and brings nearly 30 years’ experience in senior financial roles across a broad range of sectors and geographies. Jo…
Huddled Group has acquired online retailer Food Circle
LONDON, UK: Huddled Group plc (AIM:HUD) announced the acquisition of online retailer Food Circle Supermarket for total consideration of up to £300,000. The acquisition comprises the entire stock, intellectual property and website (www.foodcirclesupermarket.co.uk) and other social channels of Food Circle. Founded in 2018, by owner/operators Paul Simpson and James Barthorpe, Sheffield-based Food Circle is an…
Botala Energy partners AAAS Energy BV to develop 250MW solar plant
SYDNEY: Botala Energy has entered into a strategic partnership and Binding Heads of Agreement with AAAS Energy BV, a leading developer of solar photovoltaic parks in Sub-Saharan Africa. This collaboration is a pivotal step in Botala’s mission to create energy projects that complement its gas initiatives. The partnership is set to develop up to 250MW…
UL Solutions Inc. sets IPO price at $28 per share
UL Solutions Inc., a renowned entity in safety science, has announced the pricing of its initial public offering (IPO) at $28.00 per share. The company is offering 33,800,000 shares of Class A common stock in an upsized IPO, with all shares being secondary and sold by UL Standards & Engagement. This nonprofit organization holds the…
Custom Agronomics has acquired BioTek Ag
Inverness Graham’s Green Light strategy, known for its commitment to environmental sustainability, has taken a significant step forward with the acquisition of BioTek Ag by its subsidiary, Custom Agronomics. This strategic move not only broadens Custom Agronomics’ offerings in eco-friendly plant nutrients and soil health solutions but also strengthens its market presence across the Midwest…
Origin Energy has acquired 1.5GW Yanco Delta Wind Farm
SYDNEY: Origin Energy Limited has taken a significant step in its renewable energy strategy by entering into an agreement with Virya Energy. This deal involves the acquisition of the Yanco Delta Wind Farm, a prominent wind and energy storage project in New South Wales. The Yanco Delta project is situated within the South West Renewable…
An Ultimate Guide to Enterprise Resource Planning for Business
Are you a growing business organization looking for 360° software that can solve all your problems? If yes, then this article is for you. Here, we will discuss enterprise resource planning and how it has helped grow businesses at every stage. So stay tuned. What is ERP? Enterprise resource planning or ERP, is a new-age…
Getlink has acquired ChannelPorts Ltd, a British customs intermediary
Getlink (Paris:GET) has announced the strategic acquisition of ChannelPorts Ltd, a foremost British customs intermediary. With a history dating back to 1974 and situated in Folkestone, Kent, ChannelPorts boasts a dedicated workforce of 44 and reported revenues of approximately £10M in 2023. This acquisition is poised to address critical transportation challenges and simplify the complexities…
Anrok secures $30 Million in Series B Funding
Anrok, a leading global sales tax platform tailored for software companies, has successfully closed a $30 million Series B funding round. The round was spearheaded by Khosla Ventures and saw contributions from heavyweight investors such as Sequoia Capital and Index Ventures. Notably, the round also attracted individual investments from industry veterans like Karen Peacock, David…