LONDON, UK: Glencore plc has entered into a binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in the entirety of Teck’s steelmaking coal business, Elk Valley Resources (EVR), for US$6.93 bn in cash, on a cash free debt free basis, subject to a normalised level of working capital. Concurrently,…
CGG and Eclairion collaborate to meet growing demand for sustainable HPC in the EU
PARIS, FRANCE: CGG and Eclairion have announced a collaboration agreement to establish a state-of-the-art, energy-efficient infrastructure capable of hosting the high-power densities of next-generation servers. The two leading French technology companies are collaborating to bring CGG’s HPC and immersion cooling expertise to Eclairion’s new low-carbon modular-design data center in Bruyères-le-Châtel, Essonne to create a highly…
AIS appointment Kim Pack as the new President of Federal unit
AIS, a leading Azure and GenAI solutions provider, has announced the appointment of Kim Pack as the new President of its Federal unit. Kim Pack will lead the company’s efforts to deliver mission-focused solutions for U.S. Government customers, leveraging her 30 years of experience in IT Services and Management Consulting. Kim Pack joins AIS from…
Acacia Research buys majority stake in Benchmark Energy
NEW YORK: Acacia Research Corporation, a publicly traded company that invests in intellectual property and other assets, has announced that it has acquired a majority stake in Benchmark Energy II, LLC, an independent oil and gas company operating in Texas and Oklahoma. Benchmark is led by Kirk Goehring, a veteran in the oil and gas…
Former SUNeVision CEO and REIT CFO join Vantage Data Centers as APAC executives
Vantage Data Centers, a global provider of hyperscale data center campuses, has announced new executive leadership in APAC to support its regional expansion. Raymond Tong, former CEO of SUNeVision Holdings, has joined as President, APAC, and Joel Cheah, an experienced REIT CFO, has joined as Chief Financial Officer, APAC. Both will be based in Singapore,…
Telix Pharmaceuticals to acquire QSAM Biosciences and its bone cancer therapy
MELBOURNE, AUSTRALIA: Telix Pharmaceuticals Limited, an Australian company that develops radiopharmaceuticals for cancer diagnosis and treatment, has announced its intention to acquire QSAM Biosciences, Inc., a U.S. based clinical stage company that is developing a novel therapy for bone cancer. QSAM’s lead asset, CycloSam®, is a radioactive compound that selectively targets and kills cancer cells…
MaxiPARTS buys IP and Förch Brisbane for $28.9mn, expects EPS growth in FY24
SYDNEY, AUSTRALIA: MaxiPARTS Limited (ASX: MXI), a leading distributor of truck and trailer parts in Australia, has announced two major acquisitions that will boost its scale and profitability.The company has agreed to buy Nineteen Group Pty Ltd and its subsidiary Independant Parts Pty Ltd (IP), a large commercial truck and trailer parts distributor in Western…
How to Achieve a Healthy Balance Between Private Life and Work
Work-Life-Balance is a term that many people are familiar with, but not everyone knows how to achieve it. According to Wikipedia, Work-Life-Balance stands for “a state in which work and personal life are in harmony” . However, this may seem like an unrealistic goal for many people who have to juggle multiple responsibilities and demands…
LEBC Holdings agrees to sell Aspira Corporate Solutions to Titan Wealth
LONDON, UK: LEBC Holdings Limited (LEBC) has entered into a conditional agreement to sell Aspira Corporate Solutions Limited (Aspira), a wholly-owned subsidiary, to Titan Wealth Holdings Limited, a deal that signifies a pivotal move in their business trajectory. B.P. Marsh’s investment in LEBC, initiated in 2007, centered around LEBC Group Limited, an independent financial advisory…
Saint-Gobain signs deal to acquire Saudi Arabia based Izomaks Industries
LONDON, UK: Saint-Gobain has entered into a definitive agreement to acquire Izomaks Industries LLC (Kingdom of Saudi Arabia), a leading manufacturer of waterproofing products (floors, roofs) in Saudi Arabia, a statement said. Izomaks Industries operates two manufacturing facilities in Riyadh, employs around 140 people and will generate revenues of approximately €60 million in 2023. This…
General Atlantic takes majority stake in Joe & the Juice
NEW YORK: Global investor General Atlantic has finalized an agreement to acquire a majority interest in Joe & the Juice, a rapidly expanding brand known for its fresh juices, coffee, and sandwiches. This move marks the exit of Valedo Partners, the previous investor in the company. General Atlantic, which initially invested in Joe & the…
Marwyn Value Investors Limited invests in Zegona’s acquisition of Vodafone Spain
LONDON, UK: Marwyn Value Investors Limited (MVIL) has announced that its funds managed by Marwyn Investment Management LLP have participated in a €300 million (£262 million) equity placing by Zegona Communications Plc, a notice said. Zegona is a company that follows a ‘Buy-Fix-Sell’ strategy in the European TMT sector. Zegona has recently agreed to buy…