SYDNEY, AUSTRALIA: Elanor Investors Group (ASX:ENN) has agreed to acquire 100% of and Challenger Limited (ASX:CGF) $3.4 billion Australian real estate funds management business (CRE) for a maximum consideration of $41.8 million, and establish a broader strategic partnership between Elanor and Challenger. Elanor will issue 27.4 million securities to Challenger as consideration for the acquisition…
Octopus Renewables Infrastructure Trust to invest up to £5m into HYRO Energy
LONDON, UK: Octopus Renewables Infrastructure Trust (ORIT) has agreed to invest up to £5m into HYRO Energy Limited, a new joint venture between ORIT (co-invested alongside another fund managed by Octopus Energy Generation, Sky (ORI SCSp)) and Renewable Energy Systems (RES). HYRO Energy has been established to develop green hydrogen electrolysis projects in England, Scotland…
Schroder UK Public Private Trust invests $8mn in Indian AgTech start-up AgroStar
LONDON, UK: Schroder UK Public Private Trust plc has announced its first investment in Asia, with an $8 million investment in AgroStar, one of India’s leading agricultural technology start-ups. The investment is part of a $40 million financing round, with Schroders Capital leading the way with a $25 million investment. Other investors included Accel, Chiratae…
THG plc announces 10-year strategic partnership with beauty e-commerce retailer Maximo Group
LONDON, UK: THG plc announced a new partnership with beauty e-commerce retailer Maximo Group, home to destination sites including allbeauty.com and fragrancedirect.co.uk. The 10-year partnership will initially focus on re-platforming All Beauty and Fragrance Direct to the Ingenuity platform, as part of Maximo’s strategic growth plans. THG Ingenuity will also become Maximo’s key UK operational…
The Guinness Partnership and Countryside Partnerships join forces to deliver phase 2 of Signal Park in Tolworth, KT5
LONDON, UK: The Guinness Partnership, one of the UK’s largest providers of affordable housing, has partnered with Countryside Partnerships, one of the UK’s leading mixed-tenure developers, to jointly deliver Phase 2 at Signal Park – the £400m redevelopment proposal in Tolworth in the Royal Borough of Kingston upon Thames. Through a 50/50 joint-venture partnership, Guinness and…
BaltCap led consortium to acquire Xpediator for £62.34 million
LONDON, UK: DLM Bidco Limited, a newly incorporated entity to be indirectly owned by funds advised by BaltCap, Cogels Investments and Nuoma IR Kapitalas, has offered to acquire the entire issued and to be issued ordinary share capital of Xpediator (excluding the Xpediator shares owned or controlled by Cogels Investments). Cogels Investments owned or controlled…
Google unveils faster and more efficient AI supercomputer, outpacing Nvidia systems
In a recent announcement, Google unveiled information about its latest artificial intelligence supercomputer, which boasts superior speed and efficiency compared to rival Nvidia systems. The development is of particular significance as the demand for power-intensive machine learning models continues to dominate the tech industry. While Nvidia dominates the market for AI model training and deployment,…
How much will Samsung charge for its new Galaxy Tab S9 Ultra?
Exact price range for the Samsung Galaxy Tab S9 Ultra as it is dependent on various factors such as market demand, production costs, and competition. However, based on the pricing of its predecessor, the Galaxy Tab S7 Ultra, which was priced at around $1,000, it’s possible that the Galaxy Tab S9 Ultra may be similarly…
The Pros and Cons of Taking Out a Car Loan
Are you considering taking out a car loan? Before signing any loan documents, it’s important to understand both the advantages and disadvantages that come with taking out a loan. In this article, we’ll explore the pros and cons of taking out car loans, so you can make the best-informed decision. Keep reading to learn more. Pro:…
UK Competition Authority advised to probe into Amazon and Microsoft’s Cloud Services
The UK regulator, Ofcom, has raised concerns about the difficulty for consumers to switch and use multiple cloud suppliers, which could be limiting competition in the internet industry. As a result, Ofcom has recommended that the Competition and Markets Authority (CMA) open an in-depth probe into the cloud services offered by Amazon and Microsoft. Ofcom’s…
ECR Minerals’ Lux Exploration to acquire Blue Mountain Project, Queensland, Australia
LONDON, UK: Lux Exploration, subsidiary of ECR Minerals plc (LON: ECR), has entered into a conditional agreement to acquire 100% interest in the Blue Mountain Project, Queensland, Australia, which also includes the Denny Gully Gold project. The total consideration under the agreement is GBP 200,000 which is to be settled by the issue of 31,913,196…
Viva Energy to acquire OTR Group for $1.15 billion
SYDNEY, AUSTRALIA: Viva Energy Group has entered into a binding agreement to acquire the OTR Group for a total consideration of $1.15 billion from Peregrine Corporation. The OTR network and wholesale fuel businesses will be acquired by way of share sale, while the SMGB business will be via asset sale. The consideration will be funded…