LONDON, UK: Volex, the specialist integrated manufacturer of critical power and data transmission products, has announced that it has secured a major new contract win with a leading global North American-based automotive manufacturer to supply advanced Electric Vehicle (EV) power products from its manufacturing facility in Tijuana, Mexico. The contract is expected to generate annualised…

LONDON, UK: CT Automotive Group plc (AIM: CTA), a UK-based company that provides interior components for the global automotive industry, has announced its plans to raise approximately £7.6 million through a proposed placement of new ordinary shares at a price of 34 pence per share. The fundraising will involve the issuance of Placing Shares, Subscription…

LONDON, UK: Downing Renewables & Infrastructure Trust plc (DORE) has acquired a portfolio of operational solar PV assets in the UK for £12.6 million. The portfolio includes two ground-mounted sites and roughly 1,600 commercial and residential installations with 13.0 MWp capacity, benefiting from high feed-in tariffs and renewable obligation certificate subsidies. With this acquisition, the…

LONDON, UK: Woodside Energy has appointed Ms Liz Westcott as Executive Vice President Australian Operations. Liz Westcott most recently held the role of Chief Operating Officer at EnergyAustralia, where she had broad leadership responsibilities across sustainability, HSSE, procurement and the operations of EnergyAustralia’s generation portfolio. Prior to joining EnergyAustralia in 2018, Ms Westcott had a…

LONDON, UK: Oil exploration and production company Mosman Oil and Gas Limited (AIM: MSMN) has announced the acquisition of a new lease in Texas, USA adjacent to the Cinnabar lease. Mosman will operate the lease and have a 78% working interest. The company undertook a detailed review, including the acquisition and interpretation of 3D seismic…

LONDON, UK: Glencore Plc has announced the acquisition of equity stakes in Mineracão Rio do Norte S.A. and Alunorte S.A. from Norsk Hydro ASA, a leading low-carbon aluminium company. The agreement involves a 30% equity stake in Alunorte and a 45% equity stake in Mineracão Rio do Norte. The transaction is valued at approximately USD…

LONDON, UK: Mattioli Woods plc (AIM: MTW.L), the specialist wealth and asset management business, has acquired 50.1% of the issued share capital of White Mortgages Limited from Steven White for a consideration of £0.425 million. Mattioli Woods has also entered into an option agreement with the Seller, Mark Sutton and Robert White (“the Shareholders”) which…

LONDON, UK: RS Group Plc has reached agreement to acquire Distrelec B.V., a high-service, digital-led distributor of industrial and MRO products for a consideration of €365 million (c. £323 million) on a cash-free and debt-free basis. The consideration represents an acquisition multiple of under 11x adjusted EBIT on a 12-month basis to 31 December 2022….