Berkshire Hathaway, the investment firm led by Warren Buffett, has increased its stake in five Japanese trading firms to an average of more than 8.5%. The companies involved are Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. The aggregate value of these interests surpasses that of Berkshire-held stock in any country outside of the United States, the…
Novo Nordisk to acquire BIOCORP for EUR 154.4 million
PARIS, FRANCE: Novo Nordisk, a leading global healthcare company, has announced that it has entered into a share purchase agreement with BIO JAG, the main shareholder of BIOCORP, to acquire 1,998,800 BIOCORP shares, representing 45.3% of its share capital and 62.2% of its theoretical voting rights. Novo Nordisk would also acquire concomitantly with, and subject…
KPN expands fiber network with acquisition of Primevest’s urban fiber network
AMSTERDAM: Leading Dutch telecommunications provider, KPN, has announced the acquisition of Primevest Capital Partners’ fiber network, bolstering its presence in major cities. The acquired network covers 127,000 homes in urban areas of The Hague, Rotterdam, and Eindhoven. This move aligns with KPN’s strategic goal of expanding its fiber network to cover approximately 80% of the…
Bravura Solutions announces CEO transition
SYDNEY, AUSTRALIA: Bravura Solutions Limited (ASX: BVS) (Bravura or the Company) today announced that Libby Roy will step down as CEO and Managing Director effective immediately. Roy will remain with the Company until 30 June 2023 to assist with the transition to a new CEO. The Board of Bravura has commenced a global executive search…
Surface Transforms appoints Isabelle Maddock as CFO and executive director
LONDON, UK: Surface Transforms plc (AIM:SCE), a leading manufacturer of carbon fibre reinforced ceramic automotive brake discs, has announced the appointment of Isabelle Maddock as Chief Financial Officer (CFO) and Executive Director of the Board. Maddock, who previously served as CFO at James Cropper plc for nine years, will assume her new role on September…
Imagion Biosystems appoints Dr. Isaac Bright as CEO to drive next phase of growth
Melbourne, Australia: Imagion Biosystems (ASX: IBX), a leading healthcare company focused on early cancer detection, is thrilled to announce the appointment of Dr. Isaac Bright as its new Chief Executive Officer, effective June 20, 2023. Dr. Bright brings over two decades of experience as a results-focused business leader, health industry executive, and venture capitalist in…
OnTheMarket luanches OnTheMarket Money to provide financial services for home buyers
LONDON, UK: OnTheMarket plc (AIM: OTMP), the leading agent-owned property portal, is excited to announce the launch of OnTheMarket Money, a new division aimed at providing consumers with access to financial services and essential products related to the home moving process. In its first partnership under the OnTheMarket Money brand, OnTheMarket has joined forces with…
Abingdon Health launches first-ever Saliva Pregnancy Test in UK and Ireland
LONDON, UK: Abingdon Health plc (AIM: ABDX), a leading international lateral flow contract development and manufacturing organisation (CDMO), today announced the launch of Salistick™, the first-ever saliva pregnancy test, in the UK and Ireland. Salistick™ offers women an improved user experience, with high accuracy for early pregnancy detection, by way of its revolutionary and patented…
Azets Group secures investment from PAI Partners to join Hg and support next phase of growth
LONDON, UK: Azets Group, a leading provider of business-critical accounting, tax, payroll, audit and advisory services to SMEs, has announced today that PAI Partners (PAI), a pre-eminent private equity firm, has joined the business as a new investor. Following completion, PAI will hold an equal and co-controlling stake in Azets alongside current owners Hg, a…
DORE agrees to acquire Mersey Reactive Power for £11.0 million
LONDON, UK: Downing Renewables & Infrastructure Trust plc [DORE] has signed an agreement to acquire Mersey Reactive Power, a UK-based, fully operational 200 MVAr shunt reactor for a cash consideration of c.£11.0 million. Completion is subject to Ofgem approval. This investment will be made using the Company’s £40 million revolving credit facility and is forecast…
Psych Capital acquires Shortwave Pharma to expand eating disorder treatment portfolio
LONDON, UK: Psych Capital PLC, a leading global investment firm specializing in the healthcare sector, has announced that it has acquired 100% of the issued share capital of Shortwave Pharma Inc., a biopharmaceutical drug-development company. The acquisition will expand Psych Capital’s pharmaceutical portfolio to address the growing market for eating disorders. Shortwave Pharma is a…
Coca-Cola HBC to acquire Finlandia Vodka brand for $220 million
LONDON, UK: Coca-Cola HBC AG announced today that it has reached an agreement to acquire Finlandia vodka brand from Brown-Forman Corporation. The deal, valued at $220 million, is expected to close in the second half of 2023. Finlandia is a leading vodka brand in Central and Eastern Europe, with annual volumes of 2.7 million 9L…