LONDON: Renewi plc and Macquarie Asset Management have reached a preliminary agreement on the financial terms for Macquarie to acquire all shares of Renewi. Shareholders of Renewi will receive 870 pence per share in cash, which is a 57% premium over Renewi’s closing share price of 554 pence on November 27, 2024, and a 41% premium over…
Blencowe Resources joins the international SAFELOOP Consortium
LONDON: Blencowe Resources (LSE: BRES) has announced its acceptance into the international SAFELOOP consortium, part of the European Commission’s €100 billion Horizon Europe Programme. The SAFELOOP initiative focuses on the EU’s renewable energy transition, offering significant opportunities for Blencowe and its Orom-Cross Graphite Project in Uganda. The consortium positions Orom-Cross as a critical supplier in…
Diaceutics Plc expands US commercial activities
LONDON: Diaceutics PLC (AIM: DXRX), a leading technology and solutions provider for the pharma and biotech industry, has announced significant progress in expanding its US commercial activities. The company executed a commercial data partnership agreement in the first half of 2024 and four additional agreements in the second half, totaling £1.13 million ($1.48 million) in…
Fortress Investment Group offers to acquire Loungers plc for £338.3 million
LONDON: Fortress Investment Group through CF Exedra Bidco Limited has offered to acquire Loungers plc. Under the terms of the acquisition, each Loungers shareholder will be entitled to receive 310 pence in cash per share with an alternative option to participate in an unlisted share alternative in respect of some or all of their Loungers…
AVJennings receives acquisition proposal from AVID Property and Proprium Capital
SYDNEY: AVJennings Limited (ASX: AVJ) has announced that it has received a non-binding indicative proposal from Proprium Capital Partners (Australia) Pty Ltd and AVID Property Group, through their investment vehicle PM Nominees C Pty Ltd, to acquire all outstanding shares in AVJennings. The proposal offers a cash consideration of $0.67 per share, structured as a…
TotalEnergies suspends financial contributions in Adani Group
TotalEnergies has decided to halt any new financial contributions to the Adani group until the accusations against certain Adani group individuals and their consequences are clarified. This decision follows public announcements by U.S. authorities regarding the indictment of specific Adani group executives in connection to an alleged corruption scheme linked to Adani Green Energy Limited…
JD Sports Fashion completes acquisition of Groupe Courir
LONDON: JD Sports Fashion Plc (LSE: JD) has completed the acquisition of Groupe Courir S.A.S. The deal was finalized after receiving conditional clearance from the European Commission on October 22, 2024, and meeting all other conditions. CEO Régis Schultz stated, “This acquisition is a key milestone in our European strategy, expanding our customer base to…
DG Innovate and EVage form joint venture to produce electric motors
LONDON: DG Innovate plc (LSE: DGI), a leader in sustainable mobility and energy storage solutions, has announced a joint venture with Indian electric vehicle maker EVage Automotive Pvt. Limited. The agreement aims to manufacture and supply DG Innovate’s Pareta® e-drives. This follows a Memorandum of Understanding signed earlier this year. The new joint venture company,…
Oxford Nanopore and UK Biobank to create world’s largest epigenetic dataset
LONDON: Oxford Nanopore Technologies plc (LSE: ONT), the company delivering a new generation of nanopore-based molecular sensing technology, today announced a new collaboration with UK Biobank to create the world’s first comprehensive, large-scale epigenetic dataset. Oxford Nanopore technology will be utilised to analyse the epigenome using 50,000 participant samples to unlock crucial insights into disease…
Just Eat Takeaway.com to delist from London Stock Exchange
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), one of the world’s largest online food delivery companies, has announced its decision to delist from the London Stock Exchange (LSE) to streamline operations and reduce costs. Currently, the company’s shares are listed on the LSE as CREST Depository Interests (CDIs) and on Euronext Amsterdam. Following…
One Media signs deal to dispose of its entire interest in the capital of TCAT Limited
LONDON: One Media IP Group has entered into a sale and purchase agreement (SPA) with Round Group Limited to dispose of its entire interest in the capital of TCAT Limited. The SPA is not subject to any conditions and signing and completion occurred late on 26 November 2024. The consideration for the disposal comprises ordinary…
Apax Funds to acquire Evelyn Partners’ accountancy business which will rebrand as S&W
LONDON: Apax Global Alpha Limited (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €28m in the accountancy and advisory practice of Evelyn Partners on a look-through basis. On 25 November 2024, the Apax XI Fund (“Apax XI”), in which AGA is a…