PARIS: To bolster its carbon capture and storage (CCS) capabilities, TotalEnergies has announced the complete acquisition of Talos Low Carbon Solutions, a pioneering American company in the CCS sector. This acquisition positions TotalEnergies with a 25% stake in the Bayou Bend CCS project, a significant venture along the Texas Gulf Coast, in partnership with Chevron…
LACROIX sold its Road Signs Business Unit to American Industrial Acquisition Corporation
PARIS, FRANCE: LACROIX announced the sale of its Road Signs Business Unit to the industrial investment company AIAC (American Industrial Acquisition Corporation). LACROIX aims to become a global leader in industrial IoT solutions and electronic equipment for mission-critical applications by 2025. Given the market trends, synergies between the Road Signs Business Unit and the rest…
Metarock Group announces $65 million sale of PYBAR to Thiess
SYDNEY, AUSTRALIA: Metarock Group Limited (ASX:MYE), a prominent player in the mining services industry, has officially declared the sale of its entire stake in PYBAR, a leading underground hard rock contracting business, to Thiess Pty Ltd for a headline consideration of $65 million. This strategic move is expected to net Metarock approximately $36.3 million after…
Poseidon Nickel announces strategic divestment of Lake Johnston Project
SYDNEY, AUSTRALIA: Poseidon Nickel Limited (ASX: POS) has entered into a Binding Heads of Agreement for the sale of its Lake Johnston Project to Mineral Resources Limited (MRL). The agreement, which is subject to certain conditions precedent, outlines a total cash consideration of $15 million for Poseidon. The terms of the proposed sale include an…
AUCloud set to acquire PCG Cyber, Venn IT Solutions and Arado for $28 million
SYDNEY, AUSTRALIA: Sovereign Cloud Holdings Limited (AUCloud) is set to acquire three businesses, aiming for product and revenue diversification and a profitability path by FY25. The acquisitions are part of a strategic review to enhance capabilities in cybersecurity and cloud solutions. The combined entity, MergeCo, is expected to generate an Underlying EBITDA of approximately $4.7…
Pfizer announces major share sale in Haleon plc alongside a strategic share buyback
LONDON, UK: Pfizer Inc. has declared its intention to offload a substantial portion of its shares in Haleon plc. The transaction involves approximately 630 million ordinary shares, including those represented by American Depositary Shares (ADSs), through a dual public offering in the United States and an international offering to qualified investors. The pricing for this…
Tirupati advances in high-purity graphite production amidst global demand
LONDON, UK: Tirupati Graphite plc, a key player in the flake graphite market, has announced substantial progress in the production and qualification of high-purity jumbo flake graphite from its Madagascar operations. This announcement follows the company’s previous operational update on April 4, 2023. Shishir Poddar, Executive Chairman, said: “Today’s announcement is validation of the Company’s…
Capral acquires Victorian based Aluminium Trade Centre
SYDNEY, AUSTRALIA: Capral today announced the acquisition of Aluminium Trade Centre (ATC), a Victorian-based aluminium sales and distribution business, subject to completion conditions. Although relatively small with sales of around $10 million, this move strengthens Capral’s market presence and enhances its ability to deliver market-leading service to manufacturers within Victoria, ensuring their needs are met…
British Land and Royal London Asset Management forge £385m joint venture for science hub
LONDON, UK: British Land and Royal London Asset Management Property have announced the creation of a 50:50 joint venture, set to transform 1 Triton Square into a premier science and innovation hub at Regent’s Place. The partnership, valuing the property at £385 million, aims to expedite the development of this cutting-edge facility. The joint venture…
Recyclus to recycle lithium-ion batteries from e-bike and e-scooter operator Beryl
LONDON: Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, announced that its 48.35% owned battery recycling business, Recyclus Group, has signed an agreement with UK-based shared sustainable transport operator, Beryl, to recycle waste lithium-ion (“Li-ion”) batteries from its fleet of e-bikes and e-scooters….
Chariot Limited announces strategic review of its Transitional Power Division
LONDON: Chariot Limited (AIM: CHAR), a company at the forefront of Africa’s transitional energy sector, has declared the commencement of a strategic review for its Transitional Power division. This division is dedicated to delivering sustainable power and water solutions across Africa, with a particular emphasis on renewable energy projects and electricity trading. Since its inception…
Playstack’s Balatro: A Million Milestone in Gaming
Playstack is the esteemed UK games publisher and proud member of the TruFin family. Their latest gaming sensation, Balatro, has shattered records, achieving a staggering one million unit sales shortly after its release, marking it as the company’s quickest selling game ever. Released across multiple platforms including PC, PlayStation 5, PlayStation 4, Xbox Series X|S,…