LONDON: Renold PLC has agreed to a recommended cash acquisition by MPE Bid Co, a newly formed entity controlled by funds managed by MPE Management Co. The deal, valued at approximately £186.7 million on a fully diluted basis, will be conducted through a Scheme of Arrangement under Part 26 of the Companies Act 2006. Under the terms…
Dundee Precious Metals to acquire Adriatic Metals in $1.25 billion deal
LONDON: Dundee Precious Metals Inc. (DPM) has agreed to acquire Adriatic Metals Plc in a recommended cash and share deal valued at approximately $1.25 billion, the companies announced Friday. Under the terms of the transaction, Adriatic shareholders will receive 0.1590 of a new DPM share and 93 pence in cash for each Adriatic share. The offer values…
Vulcan Energy receives building permits for phase one renewable power plant in Germany
SYDNEY: Vulcan Energy (ASX: VUL, FSE: VUL) announced it has secured building permits for a 30-megawatt geothermal renewable energy plant and electrical substation as part of its Phase One Lionheart Project in Landau, Germany. The project aims to integrate lithium production with renewable energy generation for Europe’s battery electric vehicle industry. The geothermal plant will…
ASX sells stake in Digital Asset Holdings for $57 million, books $42 million gain
SYDNEY: The Australian Securities Exchange (ASX) announced Thursday it has sold its stake in U.S.-based Digital Asset Holdings, LLC, for approximately $57 million, recognizing a pre-tax gain of $42 million for fiscal year 2025. The sale marks a $10 million pre-tax gain over ASX’s original acquisition cost. ASX said the gain will be recorded in…
Brookfield Infrastructure sells 23.2% stake in Dalrymple Bay Infrastructure
BRISBANE: Brookfield Infrastructure Partners has agreed to sell approximately 23.2% of its stake in Dalrymple Bay Infrastructure Limited (ASX:DBI), the company announced Thursday. The sale involves 115 million stapled securities through a block trade agreement underwritten by Barrenjoey Markets Pty Limited. Following the transaction, Brookfield will retain a 26.25% interest in DBI, remaining its largest…
India market reacts to RBI policy, inflation data, and bond buyback plans
India Market Watch: Government Bond Yields Dip Amid Value Buying and U.S. Trends Indian government bond yields edged lower on Thursday as investors engaged in value buying, taking cues from a decline in U.S. Treasury yields. The India market remained cautious, however, as traders awaited key developments, including a scheduled bond buyback and the release of domestic…
DigitalOcean partners with AMD to offer affordable AI GPUs for developers
NEW YORK: DigitalOcean Holdings, Inc. (NYSE: DOCN) announced a collaboration with AMD to provide its customers with access to AMD Instinct™ GPUs, (AI GPUs) starting with the MI300X model, to power artificial intelligence workloads. The cloud computing company said it will later expand its offerings to include AMD’s high-performance MI325X GPUs, giving developers more affordable…
Hastings Technology Metals appoints Vince Catania as CEO
PERTH: Hastings Technology Metals Limited (ASX: HAS) announced Thursday the appointment of Vince Catania as its new chief executive officer, effective immediately. Catania, who previously served as the company’s general manager of corporate, succeeds outgoing leadership as the rare earths miner advances its flagship Yangibana project. Catania joined Hastings in January 2023 and played a…
OGDC signs offshore exploration deal in Abu Dhabi, unveils new gas discovery in Sindh
ISLAMABAD: Oil & Gas Development Company Limited (OGDC) on Thursday announced the signing of a Production Concession Agreement (PCA) for the development of Offshore Block 5 in Abu Dhabi, solidifying its participation in an international upstream venture through a consortium-based initiative. The agreement was executed between the Supreme Council for Financial and Economic Affairs, representing…
FINEOS outlines strategic shift toward subscription model, AI integration at 2025 AGM
SYDNEY: FINEOS Corporation Holdings a global provider of core systems for life, accident and health insurers, is doubling down on its transformation into a high-margin, subscription-driven business, while emphasizing operational efficiency, artificial intelligence (AI) integration and deepening market traction, according to company leadership at its 2025 Annual General Meeting. Held virtually Thursday morning, the AGM…
MPower Group to sell renewable energy business to Wollemi for $19 million
SYDNEY: MPower Group Limited (ASX: MPR), a leading Australian renewable energy and battery storage developer, announced today it has agreed to sell substantially all its business assets to climate-focused investment firm Wollemi Energy Group for approximately $19 million. The deal, outlined in a binding Business Sale Agreement, includes MPower’s renewable energy platform, the Lakeland Solar…
Dalaroo Metals to acquire 80% stake in gold project in Côte d’Ivoire
PERTH: Dalaroo Metals Ltd. (ASX: DAL) announced plans to acquire up to an 80% interest in the Bongouanoa Gold Project in Côte d’Ivoire, a move that expands its footprint in the gold-rich Sefwi-Comé Belts of West Africa. The project, covering 400 square kilometers, has shown promising results from historical exploration, including high-grade gold intercepts from…