LONDON, UK: Stranger Holdings Plc (LSE: STHP), a company focused on acquiring and developing natural resource projects, has announced that it has secured committed equity funding of £3.5 million from Q Global Commodities Group (‘QGC’), one of South Africa’s leading independent commodity, mining, logistics and investment funds. The funding will enable Stranger Holdings to complete…
Iberdrola, Spirax-Sarco invest in Kyoto Group to decarbonize industrial heat
OSLO, NORWAY: Kyoto Group, Iberdrola, and Spirax-Sarco Engineering have signed an agreement to invest in Kyoto Group’s Heatcube thermal energy storage solution. The investment will help to accelerate the decarbonization of industrial process heat by providing industrial customers with the technology to lower their costs and emissions. Heatcube is a modular, low-cost thermal energy storage…
Ripple gets green light to operate in Singapore amid US regulatory woes
Blockchain company Ripple has received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry globally as it faces tightening policy back home in the United States. Ripple said on Thursday that it was granted in-principle approval of a Major Payment Institution Licence from the Monetary Authority…
FL Entertainment launches Banijay Events and appoints François de Brugada as CEO
AMSTERDAM: FL Entertainment, a global entertainment leader, has announced the creation of Banijay Events, a live events offering that will leverage its expertise and success in content production and distribution. The new offering will be led by François de Brugada, who will step down as CEO of Banijay France, the country’s undisputed production leader. Banijay…
Al Salam Bank acquires majority stake in Al Salam Bank Algeria
MANAMA, BAHRAIN: Al Salam Bank has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), increasing its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders. The acquisition will boost Al Salam Bank’s regional presence and growth prospects, as ASBA is the fastest growing bank in Algeria…
Speedy Hire Plc appoints Paul Rayner as CFO
LONDON,UK: Speedy Hire Plc, the UK and Ireland’s leading provider of tools, specialist equipment and services, announced the appointment of Paul Rayner as Chief Financial Officer (CFO) and executive director with effect from 1 July 2023. Paul joined Speedy in the role of interim CFO with effect from 1 November 2022. His appointment to the…
Volex Plc agrees to acquire Murat Ticaret Kablo Sanayi A.Ş. for up to €178.1 million
LONDON, UK: Volex Plc (AIM: VLX), the specialist integrated manufacturer of critical power and data transmission products, has agreed to acquire the entire issued share capital of Murat Ticaret Kablo Sanayi A.Ş. (Murat Ticaret), a leading manufacturer of complex wire harnesses headquartered in Turkey for a total consideration of up to approximately €178.1 million. Volex…
Good Energy expands its solar installation business with Wessex EcoEnergy acquisition
LONDON, UK: Good Energy Group, the 100% renewable electricity and energy services provider, has acquired the entire issued share capital of Wessex EcoEnergy Limited, an established UK based solar installation business, on a debt free, cash free basis for an initial consideration of £2.5 million. Building on its acquisition of Igloo Works in December 2022,…
Powerhouse Energy Group acquires engineering consultancy Engsolve
LONDON,UK: Powerhouse Energy Group Plc (AIM: PHE), a company pioneering integrated technology that converts non-recyclable waste into low carbon energy, has announced that it has completed the acquisition of the entire outstanding shareholding of the engineering consultancy company, Engsolve Ltd for a cash consideration of £572,000. The acquisition will strengthen PHE’s capabilities in the development…
Exchange rates for GBP against major currencies on June 22, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1608 Pounds to Euros GBP-USD 1.2755 Pounds to Dollars GBP-NZD 2.0607 Pounds to New Zealand Dollars GBP-AUD 1.8861 Pounds to Australian…
Volaris makes unsolicited offer to acquire EROAD Limited at $1.30/share
SYDNEY, AUSTRALIA: EROAD Limited has today received an unsolicited, non-binding indicative proposal (NBIO) from Brillian APAC Pty Ltd, part of the Volaris Group. The Volaris Group is an operating group of Toronto Stock Exchange-listed Constellation Software Inc. (TSX:CSU). The NBIO from Volaris is seeking to acquire 100% of EROAD’s shares at a proposed price of…
SunRice Group signs deal to acquire 100% of Trukai Industries
SYDNEY, AUSTRALIA: Ricegrowers Ltd (SunRice) announces that it has today entered into a Share Buy-Back Agreement under which it will become the sole shareholder in Trukai Industries Ltd (Trukai). SunRice currently holds 66.23% of the shares issued in Trukai, a company which was incorporated in Papua New Guinea (PNG) in 1970 and which is now…