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…
Fanatics is acquiring Epi, an Italian sports merchandise company
Fanatics, the global leader in licensed sports merchandise, has made a significant move in the Italian market by acquiring Epi, an Italian sports merchandise company. The acquisition was made for an undisclosed amount, and the Milan-based company will now be rebranded as Fanatics Italy. Epi operates various channels for licensed merchandise, including ecommerce, in-venue sales,…
ZOO Digital Group announces acquisition of the remaining 49 per cent of ZOO Korea
LONDON, UK: ZOO Digital Group (AIM: ZOO), a leading provider of end-to-end cloud-based localisation and media services to the global entertainment industry, announced the acquisition of the remaining 49 per cent of ZOO Korea. Since the Company acquired 51 per cent. of the equity in March 2022, ZOO Korea has successfully expanded to deliver an…
Iraqi Government and TotalEnergies agree on a 30% stake for Basrah Oil Company in the GGIP
PARIS, FRANCE: The Iraqi Government and TotalEnergies have agreed on a 30% stake for the Basrah Oil Company (BOC) in the GGIP. Furthermore, in agreement with the Iraqi Government, TotalEnergies has invited QatarEnergy to take a 25% stake in the GGIP. The consortium will thus be composed of TotalEnergies (45%), Basrah Oil Company (30%) and…
Drumz plc to acquire GRC software and services supplier, Acuity Risk Management
LONDON, UK: Drumz plc has conditionally agreed terms to acquire Acuity Risk Management Limited (ARM), a supplier of Governance, Risk, Compliance (GRC) software and services. Drumz Plc currently owns 25 per cent of the issued share capital of ARM and it is proposing to acquire the balance of the issued and to be issued share…
TORIDOLL’s subsidiary Great Sea Kitchens to acquire Fulham Shore for £93.4 million
LONDON, UK: Great Sea Kitchens Limited, a newly-incorporated company established on behalf of TORIDOLL Holdings Corporation, has made an all cash offer to acquire the entire issued and to be issued share capital of Fulham Shore for 14.15 pence in cash for each Fulham share valuing the company at approximately £93.4 million on a fully…
HICL to acquire minority interest in French fibre-to-the-home platform, Altitude Infra
LONDON, UK: HICL Infrastructure Plc has entered into an agreement to acquire a minority equity position in Altitude’s fibre-to-the-home platform (Altitude Infra), investing alongside other InfraRed-managed funds and co-investors which, together with HICL, will own 15.1% of Altitude Infra. Altitude Infra holds a controlling position in the largest independent wholesale fibre network in France, Altitude…
Entain Plc acquires 365scores for upto $160 million
LONDON, UK: Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, has acquired the entire issued share capital of 365scores, a world leading sports media business, for a consideration of $150 million and contingent payments totalling up to $10 million. 365scores is one of the world’s leading scores and sports media…
Intelligent Monitoring Group has agreed to acquire the customer base of Bellrock
SYDNEY, AUSTRALIA: Intelligent Monitoring Group (IMG) has agreed to acquire the customer base of Bellrock, a long-standing respected security operator which entered Voluntary Administration in Dec 2022. This is expected to add more than $1.4 million of annualized sales to IMG, subject to any customer attrition, and more than $300,000 of annualized EBITDA when integrated….
Acrow Formwork and Construction acquires Heinrich Plant Hire assets for $11.5mn
SYDNEY, AUSTRALIA: Acrow Formwork and Construction Services Limited has acquired the screen assets from Heinrich Plant Hire, including the intellectual property and existing and secured hire contracts. The purchase price of $11.5 million will be funded by a combination of cash at bank and debt. Acrow Formwork and Construction Services anticipates that the return on…