LONDON: Schroders Capital Global Innovation Trust has made a commitment of CHF 0.9 million (£0.8 million) to Memo Therapeutics AG, a Switzerland-based clinical-stage biopharmaceutical company. The Company participated in Memo’s Series C financing round, which raised CHF 25 million and was led by Pureos Bioventures. Existing investors Swisscanto, Vesalius Biocapital, Adjuvant Capital, Verve Ventures, GF…
Bushveld Minerals agrees to sell half of Vanchem to SPR for US$21.3 million
LONDON: Bushveld Minerals Limited (AIM: BMN), a leading producer of vanadium, a metal used in batteries and steel, has announced that it has signed a definitive agreement to sell 50% of its stake in Bushveld Vanchem (Pty) Ltd (BV) to Southern Point Resources – Fund 1 SA L.P. (SPRF) for up to US$21.3 million. BV…
LSEG appoints Michel-Alain Proch as Chief Financial Officer
LONDON: London Stock Exchange Group (LSEG) announces today that Michel-Alain Proch has been appointed Chief Financial Officer and a member of the Board of LSEG plc. Reporting to David Schwimmer, he will join LSEG on 26 February 2024 before joining the Board as CFO on 1 March 2024, subject to regulatory approval. Following publication of…
Halma Plc has acquired TeDan group of companies for upto $100 million
LONDON, UK: Halma Plc has acquired the TeDan group of companies, comprising the separate companies of TeDan Surgical Innovations, Inc., West Coast Surgical, LLC, Axcess Surgical Innovations, LLC and TeDan Surgical Innovations GmbH. Headquartered in Houston, Texas and Half Moon Bay, California, USA, TeDan is a global leader in innovative surgical access systems, which it…
Mercia Asset Management sells nDreams Limited to Aonic AB for $110million
LONDON, UK: Mercia Asset Management announced the profitable sale of nDreams Limited to Aonic AB for an enterprise value of £90.3million ($110million). Mercia held a 33.2% direct stake in nDreams, resulting in total consideration of £30.2million, split £26.4million in cash proceeds and £3.8million re-invested into Aonic itself. This exit results in a 2.7x return on…
Kitwave Group has acquired Wilds of Oldham, a composite drinks wholesaler
LONDON, UK: Kitwave Group plc (AIM: KITW), the delivered wholesale business, has acquired the entire issued share capital of WLG (Holdings) Limited, which trades as Wilds of Oldham, a composite drinks wholesaler. The total gross consideration for the acquisition, payable in cash, has been funded from the Group’s current banking facilities. Established for over 25…
Fertiglobe ships world’s first ISCC PLUS certified renewable ammonia
ABU DHABI, UAE: Fertiglobe, the strategic partnership between ADNOC and OCI Global, has completed the first shipment of the world’s first internationally recognized renewable ammonia with ISCC PLUS (International Sustainability and Carbon Certification) certification. The renewable ammonia was produced at the company’s facilities in Egypt using renewable hydrogen from its pilot Egypt Green Hydrogen electrolyzer…
Dr Parmjot Bains appointed interim CEO of ImpediMed Limited
SYDNEY, AUSTRALIA: ImpediMed Limited (ASX: IPD), a medical device company that develops bioimpedance technology, has announced changes to its leadership and Board to improve its performance and profitability. The changes come after the Board conducted a review of the Company’s strategy and identified the need for better execution and cost control. The Company has appointed…
Al Ansari receives approval to launch digital wallet targeting the unbanked population
DUBAI, UAE: Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC, announced receiving the initial approval of a Store Value Facilities and Retail Payment Service Provider license from the Central Bank of the UAE. Aligned with the government’s ‘cashless society’ initiative and in support of the ‘financial inclusion’ agenda, Al Ansari Digital…
SHUAA appoints Wafik Ben Mansour as Acting CEO
UNITED ARAB EMIRATES: SHUAA Capital psc, the leading asset management and investment banking platform in the region, has announced the appointment of Wafik Ben Mansour as Acting CEO. Wafik will lead the next phase of SHUAA’s capital optimisation process to create a growth platform and capitalise on market opportunities in the UAE and wider region….
Lithium Australia sells Lake Johnston stake to Charger Metals
SYDNEY: Lithium Australia (ASX:LIT) has announced that it has entered into a binding agreement with Charger Metals (ASX:CHR) to sell its remaining 30% interest in the Lake Johnston Lithium Project in Western Australia. The project is a prospective lithium exploration asset that covers an area of 170 square kilometres. Under the terms of the agreement,…
Wolters Kluwer launches CCH iKnowConnect, platform for tax and legal research
SYDNEY: Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) announced the launch of CCH iKnowConnect, a cloud-based platform that provides a 360-degree view of legislation, streamlining the research process for tax and legal professionals. With continued investments in transformative innovation and advanced technologies, CCH iKnowConnect is a unified state-of-the-art platform experience changing the way…