ABU DHABI, UAE: Multiply Group, an Abu Dhabi-based investment holding company, has announced that it has acquired a minority stake in Breakwater Energy, a subsidiary of EIG that owns 25% of Repsol E&P, a global upstream oil and gas business. The deal, worth AED 367 million ($100 million), is part of Multiply Group’s opportunistic investment…
Collective raises $50mn to launch AI-driven financial management for solopreneurs
Collective, a platform that provides back-office services for solopreneurs, has raised $50 million in a funding round led by Google’s AI fund, Gradient Ventures. The company plans to use the funds to launch its new AI-driven financial management offering, which aims to help solo business owners with tasks like bookkeeping, payroll and tax filing. Collective…
Samsung launches its largest OLED TV ever, but it uses an LG panel
Samsung has launched its largest OLED TV ever, the 83-inch S90C, but it has a surprising twist: it uses an OLED panel from its rival LG. The TV, which is priced at $5,400 in the US, is the first Samsung OLED TV to use LG’s WOLED technology, while the smaller models use Samsung’s own QD-OLED…
European Lithium sells Australian tenement for $1M to focus on Europe
SYDNEY, AUSTRALIA: European Lithium Limited, a company that explores and develops lithium projects in Europe, has announced that it has agreed to sell its Australian tenement to Moosh Moosh Limited, a BVI registered company, for $1 million in cash or shares. The tenement, located in Northwest Western Australia, is considered a non-core asset by European…
Kyoto Group connects world’s largest electrical heater for molten salt to the grid in Denmark
OSLO,NORWAY: Kyoto Group, a Norwegian company that provides thermal energy storage solutions, has announced that it has connected the world’s largest electrical heater for molten salt to the grid at the Nordjylland Power Station in Aalborg, Denmark. The heater is a key component of Heatcube, the first ever full-scale thermal energy storage system that can…
Oncimmune announces new CEO and finance director as part of leadership shake-up
LONDON, UK: Oncimmune Holdings plc, a company that provides autoantibody profiling services to the pharma and biotech industry, has announced the appointment of Martin Gouldstone as its new Chief Executive Officer and Martin Hudson as its new Finance Director, as part of a leadership reshuffle. Martin Gouldstone will join Oncimmune on 1 August 2023, replacing…
Helical and TfL sign deal to develop sustainable office portfolio in London
LONDON, UK: Helical, a property investment and development company, has signed a joint venture agreement with Transport for London (TfL) to develop a portfolio of sustainable commercial office space above or near London Tube stations. The deal, which was announced in February 2023, will see Helical and TfL deliver three new office developments at Bank,…
B90 Holdings to buy Swedish online gambling marketing firm Emwys
LONDON, UK: B90 Holdings plc, an online marketing and operating company for the gaming industry, has announced a deal to acquire Emwys AB, a Swedish company that specialises in pay-per-click (PPC) marketing in the online gambling sector, for up to €3.6 million. The deal will also include a licence and online gambling marketing agreement with…
XLMedia sells three European Casino Assets
LONDON, UK: XLMedia (AIM: XLM), a leading global digital media company, announced the sale of three of the Group’s European Gaming domains and associated websites, Casino.se, Casino.gr, and Casino.pt for a total upfront cash consideration of $4.0 million, representing a 4.7 times multiple on revenue. In the year ended 31 December 2022, the assets relating…
EQTEC plc announces sale of France Market Development Centre to Idex
LONDON, UK: EQTEC plc (AIM: EQT) has agreed with French infrastructure owner and utility company Idex to the sale of 95% of the share capital of Grande-Combe SAS, the project company for the Company’s France Market Development Centre (MDC) and the project to construct and commission it. Idex’s acquisition of Grande-Combe from the Company has…
Ithaca Energy snaps up remaining stake in Fotla Discovery and three exploration licences
LONDON, UK: Ithaca Energy (LON: ITH) has announced a deal to buy out its partner Spirit Energy Resources Limited and take full ownership of the Fotla Discovery and three exploration licences in the UK North Sea. The deal, which is subject to regulatory approval and other conditions, will give Ithaca Energy complete control over the…
RBG Holdings sells litigation finance business to Blackmead
LONDON, UK: RBG Holdings plc, a group that provides legal and professional services, has announced the completion of the sale of its litigation finance business, LionFish Litigation Finance Limited, to Blackmead Infrastructure Limited, an asset management company. LionFish finances litigation matters run by third-party solicitors, but RBG decided to divest it last year to reduce…