LONDON, UK: Alteration Earth PLC, a special purpose acquisition company focused on the clean technology and clean energy sectors, has announced that it has entered into non-binding heads of terms to acquire Verdant Earth Technologies Limited, a green energy solutions company based in Australia. Verdant Earth Technologies is developing a network of renewable energy projects…
Russian food retailer, X5, acquires Victoria and Deshevo Stores
MOSCOW, RUSSIA: X5 Group, a leading Russian food retailer, has secured an agreement to acquire Victoria Baltia, the operator of Victoria stores in the Kaliningrad Region, Moscow and the Moscow region, Deshevo stores in the Kaliningrad Region, as well as two distribution centres and a CASH hypermarket in Kaliningrad. The deal has been approved by…
The Office of Rail and Road proposes new charge for open access rail services to airports
LONDON, UK: The Office of Rail and Road (ORR), the independent regulator of Britain’s railways, has today published its proposal to allow Network Rail to charge open access rail services to major airports for some of the fixed costs of the network. The proposal is part of ORR’s periodic review of Network Rail, which sets…
Plant Health Care sells biostimulant in Poland
LONDON, UK: Plant Health Care, a company that provides biological products for agriculture, has announced that it can sell its biostimulant product, Harpin αβ, in Poland. Harpin αβ is a protein that improves crop yield and quality. The company got Mutual Recognition for Harpin αβ in Poland, after getting regulatory approval in France. The company…
XP Power appoints Matt Webb as new CFO
LONDON, UK: XP Power, the designer and manufacturer of power converters for the electronics industry, has announced the appointment of Matt Webb as its new Chief Financial Officer (CFO) with effect from 4 September 2023. He will also join the Board of Directors of the company on 5 October 2023. Matt Webb has over 25…
Chariot signs agreement for new onshore gas licence in Morocco
LONDON, UK: Chariot Limited (AIM: CHAR), the Africa focused transitional energy company, has announced that it has signed a Petroleum Agreement for a new exploration licence, Loukos Onshore, located onshore Morocco. The company will hold a 75% interest in, and operatorship of the Loukos licence, in partnership with the Office National des Hydrocarbures et des…
Saint-Gobain sells US fence, railing and decking business to Oldcastle APG
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…