LONDON: The boards of Aberdeen Equity Income Trust Plc and Shires Income PLC said on Thursday they have agreed to combine the two investment trusts, creating a larger entity with over £289 million in assets to cut costs and boost liquidity. The deal will be structured as a scheme of reconstruction of Shires Income under…
MinRex Resources and Electrum Discovery to merge
SYDNEY: MinRex Resources Limited (ASX:MRR) and Electrum Discovery Corp. (TSX-V:ELY) announced on Tuesday a definitive agreement to merge in an all-share transaction, creating a new, well-capitalized gold and copper exploration company focused on assets in Serbia and Australia. The merger, structured as a plan of arrangement under British Columbia law, will see MinRex acquire 100%…
NYCE International forms iGaming software venture Innovassion in joint deal
LONDON: London-listed NYCE International PLC has entered a joint venture to launch a dedicated iGaming software development company, Innovassion Limited, the company said on Tuesday, marking its strategic push into proprietary technology. NYCE, a gaming marketplace and advisory firm, will hold a majority stake in Innovassion, which is being formed with developer Spandan Mahanta and…
UK’s HUI partners with Saudi’s Hydrogen Systems for waste-to-hydrogen projects
LONDON: British technology firm Hydrogen Utopia International PLC (HUI) has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Hydrogen Systems LLC to develop facilities that convert non-recyclable waste into hydrogen in the Kingdom, the companies said on Tuesday. Under the non-binding agreement, Hydrogen Systems, a regional developer and operator of hydrogen infrastructure, will provide…
UK’s Kelso Group takes new stake in Saga Plc
LONDON: British investment vehicle Kelso Group Holdings Plc said on Tuesday it had built a new position in Saga Plc, betting that the over-50s specialist is poised for a re-rating as debt falls and its cruise-focused travel business thrives. Kelso purchased 400,000 shares in Saga at an average price of 386.5 pence in January, it…
Supply@ME in talks to acquire inventory ownership business of Société Financière Européenne S.A. (SFE)
LONDON: Fintech firm Supply@ME (SYME) said on Tuesday it has entered into non-binding heads of terms to acquire the inventory ownership business of Société Financière Européenne S.A. (SFE), marking a strategic move to expand beyond its platform-services model. The proposed acquisition would see SYME take direct control of the independent stock companies and related infrastructure…
Equasens acquires controlling stake in digital training firm Erevo
VILLERS-LÈS-NANCY: European healthcare technology group Equasens said on Monday it had acquired a controlling 80% stake in French digital training company Erevo, expanding its service portfolio in the fast-growing market for continuing medical education. The acquisition, funded through bank financing, is expected to generate revenue of about 7.4 million euros for Erevo in 2025, with…
Dataproces names Kasper Lund Nødgaard permanent CEO
COPENHAGEN: Danish IT firm Dataproces Group A/S on Monday appointed Kasper Lund Nødgaard as its permanent chief executive officer, effective immediately, following a period of strong financial performance under his interim leadership. Nødgaard, who took the role on an interim basis on Oct. 29, 2025, was confirmed by the board after reversing sales trends and delivering…
Saint-Gobain expands Indonesia mortars business with Indocement joint venture
LONDON: On December 30, 2025 Saint-Gobain formed a JV with a subsidiary of Indocement Tunggal Prakarsa (a publicly traded Indonesian cement company 53% owned by Heidelberg Materials) to acquire Indocement’s mortars business in Indonesia. The JV will be 60% held by Saint-Gobain with the remaining 40% held by Indocement Tunggall Prakarsa. Indocement’s mortars business is well-established in…
Croma Security bolsters UK footprint with acquisition of TLS Security
LONDON: Croma Security Solutions Group plc (AIM:CSSG), the AIM listed innovation and service-focused security solutions provider, has completed the acquisition of TLS Security Systems Limited (“TLS”), a family owned and operated business, located in Taunton, Somerset, providing specialist locksmith and access control services. The total consideration for the acquisition of TLS, subject to adjustments for cash, debt…
Pulsar Helium acquires Michigan rights for $80,000 in expansion push
LEAD PARAGRAPH: Canada’s Pulsar Helium Inc (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) has acquired mineral rights to about 5,742 acres in Michigan for $80,000 in cash, marking the helium explorer’s first entry into the U.S. state as it seeks to expand its footprint in the Upper Midwest region. The company said on Tuesday it bought 100%…
Oakley Capital acquiring majority stake in institutional debt administration provider GLAS
LONDON: Oakley Capital, a leading mid-market private equity investor, is acquiring a majority stake in GLAS, a leading, global provider of loan administration and bond trustee services. Oakley is investing alongside La Caisse (formerly CDPQ) who has acquired a minority position, as well as Levine Leichtman Capital Partners, who will retain a small stake in the…