LONDON, UK: Ørsted closed a transaction with Energy Capital Partners (ECP), a leading energy transition-focused investor, to divest a 50 % ownership stake in a portfolio consisting of three onshore wind farms and one solar farm in the US. The value of the transaction is approx. USD 410 million. The portfolio, comprised of the onshore…
Seadrill Limited to sell entire shareholding in Paratus Energy Services
HAMILTON, BERMUDA: Seadrill Limited has entered into binding Share Purchase Agreements under which it will sell its entire 35% shareholding in Paratus Energy Services Limited and certain other interests. Paratus Energy Services Limited is the entity through which investments in SeaMex Group, Seabras Sapura and Archer Ltd are held. Completion of the Sale is subject…
Custodian REIT sells North-East Shopping Centre for £9.3 million
LONDON, UK: Custodian REIT (LSE: CREI) announced the disposal of its only high street shopping centre for £9.3 million. Custodian REIT purchased the 73,367 sq ft shopping centre in Gosforth as part of its acquisition of DRUM Income Plus REIT plc in November 2021 and the price reflects a 3.5% premium to the £8.975 million apportioned…
Cash Converters to acquire New Zealand Master Franchisor for $15.5 million
SYDNEY, AUSTRALIA: Cash Converters International has entered into an agreement to acquire the Cash Converters New Zealand Master Franchisor. The Company currently holds a 25% equity interest in all aspects of the New Zealand enterprise and will acquire the remaining 75% interest for a purchase price up to $15.5 million. The purchase price will be…
Crypto Blockchain Industries (CBI) acquires Golive Entertainment – Xave
PARIS, FRANCE: Crypto Blockchain Industries (CBI) has signed an agreement to acquire Golive Entertainment Holding owner of Xave, a blockchain technology company based in Barcelona and Argentina which has been developing Xave World, a metaverse dedicated to music. The opening of the Xave world is scheduled for fall 2023. Featuring its own cryptocurrency (Xave Coin)…
Softline Holding begins trading under the brand name NOVENTIQ
LONDON, UK: Softline Holding, the Cyprus registered global IT and digital transformation solutions and services provider headquartered in London, began trading under the new brand name NOVENTIQ. As a $1bn+ player in the global digital transformation market, the rebranding signals the start of a new era for this rapidly evolving company. The company operates in…
Reworld Media to acquire Grazia and Icon brands for upto €8.5 million
PARIS, FRANCE: Reworld Media has signed a purchase offer for the acquisition of the Grazia and Icon brands worldwide, including their media activities in Italy (print and digital). Grazia is currently present in 21 countries. Reworld Media would thus become the owner of one of the leading women’s high-end media brands on a global scale….
Braveheart Investment buys 12.91% shares in Autins Group
LONDON, UK: Braveheart Investment Group (AIM: BRH) has purchased a further 2.3 million ordinary shares of two pence each in Autins Group plc at an average price of 7 pence per share for a total consideration of £161,000. Upon completion of the transaction, Braveheart will own 12.91 per cent of the issued share capital of…
Gama Aviation’s Jet East acquires MRO hangar facility in North Carolina
LONDON, UK: Jet East, the wholly owned US subsidiary of Gama Aviation Plc, has acquired a maintenance, repair and overhaul (MRO) hangar facility in Statesville, North Carolina, adding to its extensive coast-to coast maintenance network. The c. 90,000 sq ft facility, comprising a c. 55,000 sq ft hangar plus c. 35,000 sq ft of workshops…
Anglo American and Thyssenkrupp Steel collaborate on greener steelmaking
LONDON, UK: Anglo American has signed a memorandum of understanding with Thyssenkrupp Steel Europe to collaborate on developing new pathways for the decarbonisation of steelmaking. The collaboration will focus on joint research to accelerate the development of high-quality feedstock for lower carbon steel production, using both conventional blast furnace and direct reduction iron (DRI) steelmaking…
Agronomics signs agreement to invest up to $ 7 million in Liberation Labs
LONDON, UK: Agronomics (ANIC:LSE), the leading listed company focused on the field of cellular agriculture, has executed an unconditional subscription agreement to invest up to US$ 7 million in the US$ 20 million Seed funding round of precision fermentation contract manufacturer Liberation Labs Holdings. Liberation Labs is an early-stage company with no revenues and operating…
BrandShield Systems unveils AI solution aimed at the $3 billion NFT economy
LONDON, UK: BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection, unveiled NFT Shield, a bespoke AI solution aimed at the $3 billion NFT economy. NFT Shield is the industry’s first cybersecurity product to bring real-time intelligence and enforcement capabilities to combat digital asset fraud across major…