THE WOODLANDS, TEXAS: Sterling Infrastructure Inc. has acquired Concrete Construction Services of Arizona LLC and its affiliated company at a purchase price of $22 million, consisting of a combination of cash and Sterling Infrastructure common stock. Concrete Construction Services of Arizona (CCS) provides residential single-family home concrete foundations, including the preparation, pouring and finishing of…
Arizona Lithium to acquire Prairie Lithium for C$70.6 million
EMERALD PARK: Arizona Lithium Limited (AZL) has agreed to acquire, directly or indirectly through a subsidiary, all of the issued and outstanding common shares of Prairie Lithium for total consideration of approximately C$70.6 million, consisting of C$40.0 million in cash and 500 million common shares of AZL at a deemed price of C$0.0612 per share….
Kuwait Oil Company awards Worley FEED and PMC services contract
SYDNEY, AUSTRALIA: Kuwait Oil Company (KOC) has awarded Worley a five-year agreement for front-end engineering design (FEED) and project management consultancy (PMC) services. Under the agreement, Worley will provide traditional services and sustainability related services to develop new solar, power and water projects that will further improve efficiency and increase the capacity of KOC’s facilities….
Solstice Minerals appoints Nick Castleden as CEO & Managing Director
SYDNEY, AUSTRALIA: Solstice Minerals Limited announced the appointment of highly experienced mining executive Mr Nick Castleden as the Company’s CEO & Managing Director. Nick Castleden is a geologist with over 25 years of experience in the mineral exploration and development industry. He has worked with respected Australian mining companies including Mt Isa Mines, Perilya Mines,…
Otovo sells its 34% stake in Brazilian solar platform Holu to Gera Brasil Tecnologia
OSLO, NORWAY: Otovo has sold its 34% stake in Brazilian solar platform Holu to Gera Brasil Tecnologia, the majority shareholder of the joint venture. The partnership between Otovo and Holu will continue by Holu using Otovo’s Cloud software as a key part of its business model. The price obtained is equal to the injected capital…
Why do people choose stablecoins: TRX vs USDD
Stablecoins have become an important part of the cryptocurrency industry. Stablecoins are coins pegged to the rate of a real asset. If you are thinking about whether to invest in TRX or USDD (a stablecoin based on the Tron blockchain), this article is for you. We will consider the main advantages of stablecoins, how to…
Eurowag to acquire remaining 30% interest in Sygic for €14.4 million
LONDON, UK: Eurowag has entered into an agreement to acquire the remaining 30% equity interest in Sygic a. s. for a total consideration of €14.4 million, payable in April 2024. In April 2019, Eurowag acquired a 70% equity interest in Sygic with a predetermined put and call option mechanism on the remaining 30% minority interest…
Serica Energy agrees to acquire Tailwind Energy Investments
LONDON, UK: Serica Energy has entered into an agreement to acquire the entire issued share capital of Tailwind Energy Investments from Tailwind Energy Holdings. The consideration for the acquisition comprises: On the basis of the Serica closing price as of 19 December 2022 of 278 pence per share this would be equivalent to £367 million….
Focusrite plc acquires designer of audio processing software, Sonnox Limited
LONDON, UK: Focusrite plc (AIM: TUNE) announced the acquisition of Sonnox Limited, a leading designer of audio processing software plug-ins for professional audio engineers. The total cash consideration to be paid for Sonnox is £9.1 million, which has approximately £2.1 million of cash, and will be funded from existing facilities with HSBC and NatWest. Following…
Kazera Global to sell 100% interest in African Tantalum for $13 million
LONDON, UK: Kazera Global plc has signed a definitive agreement to sell its 100% interest in African Tantalum (Proprietary) Limited to Hebei Xinjian Construction for cash consideration of USD13 million. This transaction supersedes the transaction announced on 20 July 2022. Highlights Dennis Edmonds, Kazera Chief Executive Officer, commented: “This is a hugely significant moment for Kazera,…
A.G. BARR has acquired remaining 38.2% stake in MOMA Foods Limited
LONDON, UK: A.G. BARR has acquired the remaining 38.2% equity stake in MOMA Foods Limited from founder Tom Mercer, and the other minority shareholders, for a total cash consideration of £3.4m. When A.G. BARR acquired its 61.8% stake in MOMA in December 2021, it entered into an option deed with Tom Mercer and the other…
TRIG signs contract to acquire a further 11% interest in Merkur offshore wind farm
LONDON, UK: The Renewables Infrastructure Group Limited (TRIG) has exchanged contracts to acquire a further 11% equity interest in the Merkur offshore wind farm, which is located in the German North Sea. This incremental investment is approximately 2% of TRIG’s portfolio value. Upon completion TRIG will hold a 36% equity interest in Merkur and the…