SYDNEY, AUSTRALIA: Solstice Minerals Limited announced the appointment of highly experienced mining executive Mr Nick Castleden as the Company’s CEO & Managing Director. Nick Castleden is a geologist with over 25 years of experience in the mineral exploration and development industry. He has worked with respected Australian mining companies including Mt Isa Mines, Perilya Mines,…
Otovo sells its 34% stake in Brazilian solar platform Holu to Gera Brasil Tecnologia
OSLO, NORWAY: Otovo has sold its 34% stake in Brazilian solar platform Holu to Gera Brasil Tecnologia, the majority shareholder of the joint venture. The partnership between Otovo and Holu will continue by Holu using Otovo’s Cloud software as a key part of its business model. The price obtained is equal to the injected capital…
Why do people choose stablecoins: TRX vs USDD
Stablecoins have become an important part of the cryptocurrency industry. Stablecoins are coins pegged to the rate of a real asset. If you are thinking about whether to invest in TRX or USDD (a stablecoin based on the Tron blockchain), this article is for you. We will consider the main advantages of stablecoins, how to…
Eurowag to acquire remaining 30% interest in Sygic for €14.4 million
LONDON, UK: Eurowag has entered into an agreement to acquire the remaining 30% equity interest in Sygic a. s. for a total consideration of €14.4 million, payable in April 2024. In April 2019, Eurowag acquired a 70% equity interest in Sygic with a predetermined put and call option mechanism on the remaining 30% minority interest…
Serica Energy agrees to acquire Tailwind Energy Investments
LONDON, UK: Serica Energy has entered into an agreement to acquire the entire issued share capital of Tailwind Energy Investments from Tailwind Energy Holdings. The consideration for the acquisition comprises: On the basis of the Serica closing price as of 19 December 2022 of 278 pence per share this would be equivalent to £367 million….
Focusrite plc acquires designer of audio processing software, Sonnox Limited
LONDON, UK: Focusrite plc (AIM: TUNE) announced the acquisition of Sonnox Limited, a leading designer of audio processing software plug-ins for professional audio engineers. The total cash consideration to be paid for Sonnox is £9.1 million, which has approximately £2.1 million of cash, and will be funded from existing facilities with HSBC and NatWest. Following…
Kazera Global to sell 100% interest in African Tantalum for $13 million
LONDON, UK: Kazera Global plc has signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Limited to Hebei Xinjian Construction for cash consideration of USD13 million. This transaction supersedes the transaction announced on 20 July 2022. Highlights Dennis Edmonds, Kazera Chief Executive Officer, commented: “This is a hugely significant moment for Kazera,…
A.G. BARR has acquired remaining 38.2% stake in MOMA Foods Limited
LONDON, UK: A.G. BARR has acquired the remaining 38.2% equity stake in MOMA Foods Limited from founder Tom Mercer, and the other minority shareholders, for a total cash consideration of £3.4m. When A.G. BARR acquired its 61.8% stake in MOMA in December 2021, it entered into an option deed with Tom Mercer and the other…
TRIG signs contract to acquire a further 11% interest in Merkur offshore wind farm
LONDON, UK: The Renewables Infrastructure Group Limited (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, which is located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur and the…
Tialis Essential IT to purchase profitable partner contracts from Allvotec
LONDON, UK: Tialis Essential IT Plc announced the exchange of contracts for the purchase of profitable partner contracts from Allvotec, a division of Daisy group adding an expected c. £5.7m in revenue in FY23. Completion is expected to occur on 31 January 2023. The acquisition will bring three new channel partners to Tialis Essential IT…
Croma Security Solutions has acquired Manchester based Safecell Security
LONDON, UK: Croma Security Solutions’ subsidiary CSS Total Security Limited has acquired Manchester based Safecell Security Group Limited and its two 100% owned subsidiaries for an initial consideration of £0.45m and deferred cash consideration of c.£0.3m. The consideration comprises a cash payment of £0.45m payable on completion plus a deferred consideration payable on or before…
Bunzl plc announces sale of its UK healthcare division; acquisitions
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has signed agreements to acquire four businesses and agreed to the sale of its UK healthcare division. Together, these transactions are expected to be profit neutral to the Group and will generate a small cash inflow. They reflect Bunzl’s ongoing discipline around returns focused…