PARIS: Casino, a French retail giant, has received the approval of the Paris Commercial Court for its accelerated financial restructuring plan, which will massively dilute the stakes of its existing shareholders. The plan, which is expected to be completed by 27 March 2024, will reduce Casino’s debt by €3.6 billion and extend its maturities by…
Peugeot Invest exits Groupe SEB with €236 million deal
PARIS, FRANCE: Peugeot Invest has sold its entire stake in Groupe SEB, a French manufacturer of small appliances, for €236 million. The deal was done through a private placement to institutional investors at €106 per share, a financial news announcement noted. Peugeot Invest, an investment company majority-owned by Etablissements Peugeot Frères, had invested in Groupe…
ADNOC Distribution unveils new growth strategy to become multi-energy leader
ABU DHABI, UAE: ADNOC Distribution, the UAE’s largest fuel and convenience retailer, announced its new five-year growth strategy at an Investor Day in Abu Dhabi on Monday, 26 February. The Company aims to establish itself as a multi-energy, convenience, and mobility leader by expanding its network, enhancing its customer experience, and scaling up its low-carbon…
Cloudbreak Discovery sells lithium database to Lonestar Lithium
LONDON: Cloudbreak Discovery Plc (LSE: CDL), a natural resource project generator and royalty business, has announced the sale of its proprietary database of lithium targets in Texas to Lonestar Lithium Inc. (OTC: LSLI). The database contains regional modelling and data compilation across eastern Texas, where lithium is a key commodity for the energy transition. Cloudbreak…
On the Beach and Ryanair sign a long-term partnership deal
LONDON: On the Beach Group plc, a leading online travel agency, has announced a long-term distribution agreement with Ryanair Holdings, Europe’s largest low cost carrier. The deal will allow On the Beach customers to book Ryanair flights as part of their holiday packages with full price transparency and ATOL protection. The deal also resolves the…
Hydrogen Utopia and Helmond Holding Group merge to create a hydrogen powerhouse
LONDON: Hydrogen Utopia International PLC (HUI), a pioneer in converting waste plastic into clean energy, has announced a reverse takeover deal with Helmond Holding Group Corp. (HHG), a leading bio-energy company based in the British Virgin Islands. The merger will combine HUI’s innovative technology that transforms non-recyclable mixed waste plastic into hydrogen and other carbon-free…
CRH Plc to buy Adbri Limited in a $2.1 billion deal
SYDNEY, AUSTRALIA: CRH plc, a global building materials group, has agreed to acquire all the shares of Adbri Limited, an Australian cement and lime producer, that are not owned by Barro Group, a major shareholder of Adbri, for $3.20 per share in cash, an announcement on ASX noted. Scheme of Arrangement Approval for Proposed Adbri…
Salter Brothers-led Consortium to acquire Prospa in $0.45 per share deal
SYDNEY, AUSTRALIA: Prospa Group Limited (ASX: PGL), a leading online lender to small businesses in Australia and New Zealand, has announced that it has entered into a Scheme Implementation Deed with a Consortium led by the Salter Brothers Tech Fund, a private equity fund focused on technology investments, a company announcement noted. Under the terms…
Telix Pharmaceuticals to acquire IsoTherapeutics for upto $19m
MELBOURNE: Telix Pharmaceuticals Limited (ASX: TLX), a company developing targeted radiopharmaceuticals for cancer diagnosis and therapy, announced today that it has agreed to acquire IsoTherapeutics Group, LLC, a Texas-based firm that specializes in radiochemistry and bioconjugation. IsoTherapeutics, founded in 2005, is a commercial-stage company that offers development and contract manufacturing services to many players in…
THL Partners to buy Agiliti for $2.5 billion in cash
Private equity firm THL Partners has agreed to acquire healthcare technology company Agiliti in a deal that values the latter at $2.5 billion, the companies announced on Monday. Under the terms of the agreement, a subsidiary of THL will pay $10 per share in cash for all the outstanding shares of Agiliti that it does…
Sila Services acquires Ainsley Heating & Cooling
Sila Services, LLC, a leading home services platform, announced on Monday that it has acquired Ainsley Heating & Cooling, a market-leading home services company based in Cortland, Ohio. Ainsley Heating & Cooling, founded in 1976, has become the premier name in heating and cooling services for residential customers in Northeast Ohio and Western Pennsylvania. The…
How MillionaireMatch is Empowering Single Entrepreneurs with the MM Angel Fund
Are you a single entrepreneur with an innovative idea that needs funding? If so, you might be interested in the MM Angel Fund, a new initiative launched by MillionaireMatch, the world’s largest millionaire dating website. The MM Angel Fund is the first of its kind to target early-stage startups founded by singles. It aims to…