PARIS, FRANCE: Arkema, a global leader in specialty materials, has announced that it has signed an agreement to acquire Glenwood Private Equity’s 54% stake in the listed South Korean company PI Advanced Materials (PIAM), for €728m enterprise value. The transaction, which is expected to close in the first half of 2022, will enable Arkema to…
Adelaide advisory firms Crosby Dalwood and Warnecke & Co merge under Count brand
ADELAIDE, AUSTRALIA: Two Adelaide-based advisory firms, Crosby Dalwood and Warnecke & Co, have announced a merger that will create a new entity operating under the Count brand. The merger, which is expected to complete on 1 July 2023, will result in a combined revenue of about $4.7 million. Count Limited (ASX: CUP), which owns 90%…
Prospex Energy receives final approvals for gas production at Selva Field in Italy
Prospex Energy PLC (AIM: PXEN), an AIM quoted investment company focused on European gas and power projects, announced the successful completion of the final safety checks conducted by UNMIG and the local Fire Department at the gas facility in the Selva field, located in the Po Valley region of northern Italy. Furthermore, the Italian Energy…
Diversified Energy announces sale of non-core assets for $40 million
LONDON, UK: Diversified Energy Company PLC (LSE: DEC), a diversified energy company, is pleased to announce the successful sale of certain non-core, non-operated assets within the company’s Central Region. The transaction, valued at approximately $40 million, includes the sale of around 200 net, non-operated wells producing approximately 3,000 barrels of oil equivalent per day (boepd)…
DX announces a further £3 million investment in new electric vehicles
LONDON, UK: DX, the provider of delivery solutions, including parcel freight, secure courier, and logistics services, announced a further £3 million investment in new electric vehicles, to be used exclusively for the Group’s delivery and logistics partnership with IKEA, the home furnishings retailer. This new investment will be used to add 53 new electric vans…
Molecular Energies plans spin-out and IPO of alternative energies division
LONDON, UK: Molecular Energies PLC (AIM: MEN), an international energy company, has announced its intention to spin out and conduct an initial public offering (IPO) for its alternative energies division, Green House Capital. The company believes that by separating Green House, it will attract new energy-focused investors and command a valuation that may not be…
Beowulf Mining appoints Ed Bowie as the company’s new CEO
LONDON, UK: Beowulf Mining announced the appointment of Ed Bowie as the Company’s new CEO. He will also be appointed to the Board. Ed has extensive experience in the international mining industry, where he has worked with strategic evaluations of mining and mineral projects, raising capital and as an advisor and fund manager across a…
Origin invests in Allegro Energy’s breakthrough battery technology
LONDON, UK: Origin Energy Power Limited (Origin) has announced a strategic partnership with Allegro Energy Pty Ltd, a company that has developed a revolutionary water-based energy storage technology. Origin has taken a 5% equity stake in Allegro Energy for $4 million and has the option to increase its investment as the company progresses towards building…
Apple hikes iCloud+ prices in several countries
Apple has raised the prices of its iCloud+ monthly subscription in several countries around the world, including the UK, Brazil, South Africa and Colombia. The price hike ranges from 25% to 30% for different plans and regions. iCloud+ is a paid service that offers extra cloud storage and security features to iCloud users. It has…
Circor International accepts KKR’s revised buyout offer of $1.7 billion
Industrial machinery manufacturer Circor International has announced its acceptance of investment firm KKR’s revised buyout offer worth $1.7 billion, including debt. This decision comes in response to a higher bid from an undisclosed third party. Following the news, shares of Circor reached a more than five-year high of $51.87 during early trading, slightly above KKR’s…
Brookfield proposes acquisition of American Equity Investment Life
Brookfield has announced its proposal to acquire all outstanding shares of common stock of American Equity Investment Life Holding Company (AEL) not already owned by Brookfield Reinsurance. The offer includes a cash consideration of $38.85 per AEL share and a number of Brookfield Asset Management Ltd. (BAM) class A limited voting shares, valued at $16.15…
Thames Water CEO Sarah Bentley resigns
LONDON, UK: Sarah Bentley has resigned as the Chief Executive of Thames Water, the UK’s largest water and wastewater services company. She will be replaced by two interim CEOs, Alastair Cochran and Cathryn Ross, effective immediately. Bentley joined Thames Water in 2020 and led the first phase of the turnaround of the company, which has…