LONDON: KEFI, the gold and copper exploration company, has provided an update on its joint venture, Gold and Minerals SLA (GMCO), in Saudi Arabia with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR). The partners are conducting a strategic review, resulting in KEFI deciding to reduce its stake in GMCO from 25% to 15% instead…
Just Eat Takeaway.com sells Grubhub to Wonder Group for $650 million
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) has entered into a definitive agreement to sell Grubhub Inc. to Wonder Group, Inc. for an enterprise value of USD650 million. Transaction highlights · Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million; · Grubhub will be transferred with its USD500 million…
Lake Resources sells non-core lithium assets in Argentina for $9 million
SYDNEY: Lake Resources N.L. (ASX:LKE; OTC:LLKKF) has announced the sale of three non-core lithium brine assets in Argentina to Austroid Corporation for $9 million USD (approximately $13.6 million AUD). The assets, located in Jujuy Province, include Paso de Jama, Olaroz, and Cauchari. The transaction will provide Lake Resources with additional liquidity to support its flagship…
Bell Financial Group offers to acquire SelfWealth Ltd for $51 million
SYDNEY: Bell Financial Group Ltd (BFG) announces that, following constructive engagement with SelfWealth Ltd (ASX:SWF), it has made a non-binding proposal to the SWF board of directors to acquire 100% of SWF for $0.22 per share by scheme of arrangement valuing SWF at approximately $51 million. The SWF board has agreed to progress negotiations of…
Bureau Veritas acquires Versatec Energy to bolster renewables push
PARIS, FRANCE: Bureau Veritas, the global testing, inspection, and certification giant, announced today the acquisition of Versatec Energy B.V., a Dutch technical advisory firm specializing in the offshore and onshore energy sectors. This strategic move aligns with Bureau Veritas’ LEAP | 28 strategy, aiming to strengthen its foothold in the rapidly growing renewables market and underscore…
AstraZeneca invests $3.5 billion in R&D and manufacturing in the United States
LONDON: AstraZeneca today announced $3.5 billion of capital investment in the United States focused on expanding the Company’s research and manufacturing footprint by the end of 2026. This includes $2 billion of new investment creating more than a thousand new, high-skilled jobs contributing to the growth of the US economy. AstraZeneca’s expanding footprint in the…
Concurrent Technologies secures $3.72 million contract in Asia
LONDON: Concurrent Technologies Plc (AIM: CNC) has announced a $3.72 million contract with a leading defense platforms provider in Asia. The company’s Systems business unit in Los Angeles will deliver rugged systems for next-generation armored vehicle demonstrators. Initial deliveries, including air-cooled R&D units for software development, are expected in 2025, with most revenue recognized in…
Nationwide Mutual expand LeakBot into 16 U.S. States
LONDON: Ondo Insurtech (LSE: ONDO), a leading company in claims prevention technology for home insurers, announced Nationwide Mutual Insurance Company will announce a major expansion of their partnership with Ondo, to roll-out LeakBot into 16 U.S. States. Nationwide is a Fortune 100 insurance and financial services company based in Columbus, Ohio and is one of…
Star Energy sells Alton land for £6.3 million
LONDON: Star Energy (AIM:STAR) has announced the sale of its land in Alton, Hampshire to Pickerings Hire Limited for £6.3 million. This site previously hosted the now-decommissioned Holybourne Oil Terminal and is not currently utilized in the company’s operations. The sale is contingent on meeting planning conditions and surrendering the site’s environmental permit, with completion…
Kerry Group to sell Kerry Dairy Ireland to Co-Operative Creameries for €500 million
Kerry Group plc has announced an agreement to sell Kerry Dairy Holdings (Ireland) Limited to Kerry Co-Operative Creameries Limited for €500 million. Kerry Dairy Ireland, fully owned by Kerry, includes popular dairy brands in cheese, snacks, and spreads sold in the UK and Ireland, as well as a dairy ingredients business. Under the deal, Co-Op…
Aristocrat sells Plarium mobile gaming business to Modern Times Group for $820 million
SYDNEY: Aristocrat Leisure Limited (ASX: ALL) announced that its subsidiary, Pixel United Holdings Limited, has entered into a binding agreement for the sale of Plarium Global Limited for a fixed consideration of US $620 million, with contingent consideration of up to US $200 million to Modern Times Group (MTG) (Nasdaq Stockholm: MTG B), an international,…
Jeroen Lokerse appointed CEO of Colliers Netherlands
Diversified professional services company, Colliers, announced the appointment of Jeroen Lokerse as CEO of the Netherlands. Lokerse will be responsible for accelerating the strategic direction and sustained growth of the Dutch business while enhancing the opportunities available to our people within the Netherlands. Lokerse joins Colliers from a 17-year tenure at Cushman & Wakefield, most…