LONDON: Global retail group Frasers Group announced the conclusion of an agreement for the acquisition of South Africa’s leading sporting, outdoor and recreation goods company, Holdsport Group from Old Mutual Private Equity (OMPE) and Holdsport’s management. Holdsport is a diversified business operating across retail, wholesale, manufacturing, distribution, and e-commerce, focused on the sport, outdoor, and recreation sectors…
Malin Corporation announces Poseida Therapeutics’ acquisition by Roche
LONDON: Malin Corporation plc (Euronext Growth Dublin: MLC), a company investing in innovative life sciences, announced that its investee company, Poseida Therapeutics, Inc. (NASDAQ: PSTX), will be acquired by Roche Holdings, Inc. at $9.00 per share in cash, plus up to $4.00 per share in contingent payments upon achieving certain milestones. Malin, holding approximately 12%…
Benchmark Holdings to sell Benchmark Genetics and Benchmark Genetics Norway AS for £230 million
LONDON: Benchmark Holdings plc, a leader in aquaculture genetics, specialist nutrition, and health, has announced the sale of its genetics business to Starfish Bidco AS, a subsidiary of Novo Holdings. The deal is valued at up to £260 million, including an initial payment of £230 million and a potential additional £30 million based on performance….
RC365 Holding divests its Hong Kong incorporated RCPAY Limited
LONDON: RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, announced the divestiture of its Hong Kong incorporated RCPAY Limited subsidiary (RCPAY HK) for a cash consideration of HK$400,000. The Group will continue to provide remittance and payment services, including foreign exchange and payment card solutions, via its RCPAY Limited subsidiary that…
Anglo American sells steelmaking coal business in Australia for $3.775 billion
LONDON Anglo American has now entered into definitive agreements to sell the entirety of its steelmaking coal business, to generate up to US$4.9 billion in aggregate gross cash proceeds, including the already announced sale of Anglo American’s interest in Jellinbah for approximately US$1.1 billion. Announced today, Anglo American has agreed to sell its portfolio of…
GFH Partners acquires a $300 million portfolio of A-Class US student housing asset
DUBAI: GFH Partners Ltd., the DIFC based global asset management arm of GFH Financial Group, today announced that it has successfully secured A-Class purpose built student housing assets worth US$ 300 million in the United States. The assets have been added to GFH Partners’ US student housing platform, which now has more than 5,500 beds…
Sealand Capital Galaxy Limited Enters AI Industry with Conditional Investment
The company, known for investing in innovative IT and social media firms with a focus on the APAC region, is set to expand its portfolio by exploring opportunities in AI. This move comes as the global technology sector witnesses rapid changes driven by new AI models and applications. The company has appointed Ms. Elena Suet…
Japan approves first RSV vaccine for adults 50-59
LONDON: GSK plc (LSE/NYSE: GSK) today announced that Japan’s Ministry of Health, Labour and Welfare (MHLW) has approved a regulatory application to extend the indication of Arexvy (respiratory syncytial virus vaccine, recombinant adjuvanted) for the prevention of RSV disease to include adults aged 50-59 at increased risk. Since September 2023, GSK’s RSV vaccine has been…
Tavistock Investments to acquire Alpha Beta Partners
Completion of acquisition of Alpha Beta Partners LONDON: Tavistock Investments Plc (AIM:TAVI) has exchanged contracts for the acquisition of Alpha Beta Partners (ABP), a well-regarded asset management business based in London and Bath with approaching £3 billion of assets under management and a strategic focus on retail investors served by regulated advice businesses which is…
Ofgem announces 1.2% increase in energy price cap for first quarter of 2025
LONDON: The energy regulator Ofgem announced on Friday, November 22, that the energy price cap will increase by 1.2% for the period from January to March 2025. This change means that the maximum rate per unit and standing charge that can be billed to customers will rise by £21 per year for an average household,…
Silfab Solar secures $100 million for new plant in South Carolina
Silfab Solar Inc., North America’s leading solar module manufacturer, has announced the successful closure of $100 million in new financing. This funding includes a $50 million equity investment led by ARC Financial Corp. and its co-investors, and a $50 million senior secured financing (Green Loan) led by Breakwall Capital, with investment from SR Alternative Credit…
Ferro-Alloy Resources announces update on carbon black substitute
LONDON: Ferro-Alloy Resources Limited (LSE: FAR), a vanadium producer and developer of the Balasausqandiq vanadium deposit in Southern Kazakhstan, has provided an update on its carbon black substitute (CBS) product following a new marketing study. The study, conducted by Smithers, estimates the price of Ferro-Alloy’s CBS product at $500 per tonne for the tyre market…