LONDON, UK: Saint-Gobain, the French multinational manufacturer of building materials and solutions, has announced that it has completed the sale of its US fence, railing and decking business (FRD) to Oldcastle APG, a subsidiary of CRH plc, the Irish building materials group. The FRD business, which operates under the CertainTeed brand, generated sales of around…
PetroNeft to exit Russian market with asset sales to CEO
LONDON, UK: PetroNeft Resources PLC, the oil and gas exploration company focused on Russia, has announced that it has entered into a non-binding conditional agreement to sell its entire interests in WorldAce Investments Limited and OOO Granite Construction to its CEO and Executive Director Pavel Tetyakov for a nominal consideration of RUR10,000 (approximately USD110). The…
Cellular Goods’ products to launch in France and Germany
LONDON, UK: Cellular Goods (LSE: CBX) a UK-based wellness company providing premium consumer products formulated with lab-produced cannabinoids, announced that products in its ‘Look Better’ (skincare) range will soon be available to purchase for the first time in France and Germany. Cellular Goods will be opening sales from its ecommerce website for shipping to France…
AdvancedAdvT completes £33 million acquisition of Capita Plc software businesses
LONDON, UK: AdvancedAdvT Limited (LSE: ADVT), the investment vehicle led by tech entrepreneur Vin Murria, has completed the acquisition of five software businesses from Capita plc, the outsourcing giant. The deal, which was announced on 8 June 2023, involved a cash payment of approximately £33 million, funded by the Company’s cash reserves. The acquired businesses…
Apax XI Fund signs agreement to acquire Palex
LONDON, UK: On 31 July 2023, the Apax XI Fund has signed a definitive agreement to acquire a co-controlling stake in Palex, the leading distributor of medical technology (MedTech) equipment and solutions in Southern Europe, alongside Fremman Capital. The transaction is expected to close by Q4 2023, subject to customary closing conditions. Founded in 1955…
600 Group appoints Todd Riggs as COO of its US subsidiary
LONDON, UK: 600 Group plc, the industrial laser systems manufacturer (AIM: SIXH), has announced that Todd Riggs, currently a non-executive director of the Group, has been appointed as Chief Operating Officer of 600 Group Inc, the Company’s wholly owned subsidiary, with immediate effect. 600 Group Inc. has been charged since September 2021 with the day-to-day…
Greencoat Renewables continues Spanish expansion
DUBLIN, IRELAND: Greencoat Renewables PLC announced an agreement to acquire the Andella wind farm in Valladolid, Spain. The wind farm will be the Company’s third acquisition in the Spanish market, as it continues to deliver on its European expansion strategy. The 50MW asset is currently under construction with commencement of commercial operations expected in Q2…
Digitalbox acquires social media assets from Media Chain Group
LONDON, UK: Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily, The Daily Mash, The Tab, and The Poke, has announced that it has agreed to buy the digital assets of 99 Problems, Student Problems and The Life Network Shopping from Media Chain Group Limited (part of “Social Chain AG”) for…
Barkby Group completes disposal of Workshop Coffee
LONDON, UK: Barkby Group (AIM: BARK) has completed the disposal of Workshop Trading Holdings Limited, trading under the Workshop Coffee brand by way of a management buyout (“MBO”). The disposal follows the strategic update provided in July 2022, in which the Company announced its intention to focus on real estate and dispose of non-core businesses.…
C4X Discovery sells Orexin-1 drug candidate to Indivior for £15.95 million
LONDON, UK: C4X Discovery Holdings plc (AIM: C4XD), a pioneering Drug Discovery company, today announced the execution of an asset purchase agreement for Indivior PLC (LSE: INDV) to acquire the proprietary rights to C4XD’s oral Orexin-1 receptor antagonist, C4X_3256 (INDV-2000) for substance use disorder, for £15.95 million. The deal, which terminates the previous license agreement…
Aterian partners with Rio Tinto to explore lithium in Rwanda
LONDON, UK: Aterian plc (LSE: ATN), the exploration and development company advancing its portfolio of African-focused critical and strategic metal assets, announces that it has signed a definitive Earn-In Investment and Joint Venture Agreement with Rio Tinto Mining and Exploration Ltd and Kinunga Mining Ltd. The Agreement is for the exploration and development of lithium…
Helium One appoints James Smith as new Chairman
LONDON, UK: Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, today announced that James Smith, currently Non-Executive Director of Helium One, has been appointed as the new Chairman of the Company with immediate effect. Smith replaces Ian Stalker, who has decided to step down from his position after five years in the…