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…
Frasers Group agrees to acquire South Africa’s Holdsport Group
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…