LONDON, UK: Galileo Resources plc announced that all conditions have been met in relation to the agreement to acquire a 29% shareholding in BC Ventures Limited; accordingly the company is issuing 50,000,000 Galileo Resources plc shares at a price of 1.2 pence per share being the consideration shares due in relation to the acquisition. As…
Paul Weir appointed permanent CEO of Genel Energy
OSLO, NORWAY: Genel Energy plc announced the appointment of Paul Weir as Chief Executive Officer, and as a member of the Board of Directors, with immediate effect. Paul Weir, who was previously Chief Operating Officer before being made Interim Chief Executive Officer in June this year, joined Genel Energy in January 2020. Paul had worked…
Orkla Food Ingredients to purchase 84% of US-based Denali Ingredients
OSLO, NORWAY: Orkla Food Ingredients (OFI) has entered into an agreement to purchase 84% of the shares in Denali Ingredients, which is a leading ice cream ingredients business in the USA. The purchase price on a 100% and cash and debt free basis is USD 200 million, equivalent to NOK ~2.2 billion. Denali Ingredients has…
Pensana Plc signs a MoU for 25% of production
LONDON, UK: Pensana (PRE.L) has signed a memorandum of understanding for offtake of 25% of annual production to supply critical raw materials for production of magnet materials needed to support the burgeoning demand for electric vehicles and offshore wind. Pensana is extremely pleased to be entering into this strategic relationship by supplying Rare Earth oxides…
Drax acquires remaining 10% in Alabama Pellets LLC for $22mn
LONDON, UK: Drax Group it has agreed to acquire the remaining 10% minority interest in Alabama Pellets LLC joint venture, from Two Rivers Lumber Co LLC for a cash consideration of US$22 million. The acquisition of Pinnacle Renewable Energy Inc. in April 2021 included a change of control provision over Alabama Pellets, in which Two…
PYX Resources secures £20 million investment
LONDON, UK: PYX Resources Ltd (LSE: PYX) continues to receive strong investor support announcing a GBP20 million investment commitment from GGY Global Yield LLC SCS (“GGY”), a US$3.4 billion alternative investment firm with offices in Paris, New York, and the Bahamas. The proceeds from this capital investment will further the Company’s effort to upgrade its…
carsales acquires remaining 51% of Trader Interactive
SYDNEY, AUSTRALIA: carsales.com Limited (ASX: CAR) has completed the acquisition of the remaining 51% of leading US digital marketplace business Trader Interactive. The acquisition was funded via a successful A$1,207 million accelerated non-renounceable entitlement offer. carsales also successfully refinanced its debt facilities, materially enhancing the size and structure of its debt facilities by upsizing it…
De.mem acquires remaining 25% stake in German De.mem-Geutec GmbH
SYDNEY, AUSTRALIA: De.mem (ASX:DEM) has signed a binding agreement to acquire the remaining 25% stake in its German subsidiary De.mem-Geutec GmbH, Velbert, Germany. Subject to the pending completion of the acquisition, De.mem will own 100% in De.mem-Geutec GmbH. De.mem acquired the initial 75% in De.mem-Geutec on 17 October 2019. De.mem-Geutec supplies waste water treatment products…
Pioneer Media launches MetaKit, its proprietary web3 gaming platform
VANCOUVER, BRITISH COLUMBIA: Pioneer Media Holdings, a web3 gaming and infrastructure company, announced that it recently launched MetaKit, its proprietary web3 gaming infrastructure and conversion technology suite of products to assist game developers run play-to-earn (“P2E”) on the blockchain. In March 2022, Pioneer acquired Crowdform, a digital product and venture activation studio which has been…
Halma Plc has acquired IZI Medical Products for $153.5 million
LONDON, UK: Halma Plc, the global group of life-saving technology companies focused on growing a safer, cleaner and healthier future for everyone every day, has acquired IZI Medical Products LLC (IZI). Headquartered in Maryland, USA, IZI is a designer, manufacturer and distributor of medical consumable devices which are mainly used by interventional radiologists and surgeons…
PPHC acquires California Lobbying firm, KP Public Affairs for $35mn
LONDON, UK: Public Policy Holding Company (AIM: PPHC), a leading bi-partisan, full-service US government affairs business, announced the acquisition of KP Public Affairs, one of the largest advocacy and public relations firms in California, for a total maximum consideration of $35.0 million. KP Public Affairs is a leading California lobbying, government affairs and public relations…
Idox plc has acquired UK-based LandHawk Software Services
LONDON, UK: Idox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset-intensive sectors, announced the acquisition of LandHawk Software Services Limited, a UK based, cloud-native land mapping software and geospatial information services (GIS) data business. Highlights LandHawk has a growing presence in the commercial sector in…