LONDON, UK: Empire Metals Limited (LON: EEE) has acquired a 70% interest in three highly prospective Australian-based copper-gold projects from Century Minerals Pty Ltd. Two of the projects, the Pitfield Copper-Gold Project and the Walton Copper-Gold Project are in Western Australia whilst the Stavely Copper-Gold Project lies within the Stavely Arc region of Victoria. This…
Hyve Group selling Russian business to Rise Expo for £72mn
LONDON, UK: Hyve Group plc, the next-generation global events business, announced the proposed disposal of its Russian business. A wholly owned subsidiary of the company has entered into a conditional agreement with Rise Expo Limited with respect to the sale of the Russian Business for a maximum cash consideration of £72 million, wholly structured as…
William Allen and Andrew Rear backed Financials Acquisition Corp plans £150mn listing on LSE
LONDON, UK: Financials Acquisition Corp, a special purpose acquisition company (SPAC) sponsored by FINSAC LLP, which is a limited liability partnership founded by William Allen and Andrew Rear, announced its intention to float on the London Stock Exchange. Financials Acquisition Corp intends to raise £150 million through the listing. The company will place 15 million…
CyanConnode’s to deploy smart metering in MENA region
LONDON, UK: CyanConnode Holdings plc (AIM: CYAN) has received an order for a smart metering deployment in MENA Region (Middle East and North Africa), which is a new territory for the company. This order is for CyanConnode’s cellular communications product which will be deployed to connect smart electricity and smart water meters. Under the contract,…
Enea AB signs 5G and Wi-Fi contract worth $5.1 million in North America
STOCKHOLM, SWEDEN: Enea AB has signed a three-year agreement for 5G core network applications and Wi-Fi Service management solutions with a North American Tier-1 mobile network operator. Enea will provide an intelligent 5G APN assignment application and a 5G Standalone mediation function for all subscribers in the customer’s mobile network. Enea will as part of…
Eco (Atlantic) Oil & Gas to sell $25mn worth of new shares
LONDON, UK: Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO) announced its intention to raise aggregate gross proceeds of up to approximately $25million through the issue of new common shares. The issue includes a placing in the United Kingdom, Norway and certain other jurisdictions outside Canada, and a brokered private placement in Canada up to…
Saint-Gobain divests its distribution business in Poland
LONDON, UK: Saint-Gobain Group has entered into an agreement for the sale of Tadmar, its Polish distribution brand specialized in plumbing, heating and sanitaryware products, to the Polish company 3W. In 2021, Tadmar generated revenues of around €100 million. It has around 50 sales outlets and 2 logistic centers and employs 460 people. This divestment…
Xplora to become mobile service provider in UK from late Q2 2022
OSLO, NORWAY: Xplora Technologies AS has signed a partner wholesale agreement with IQ Mobile Ltd, establishing Xplora as a mobile service provider in the UK market from late Q2 2022. The agreement will allow Xplora to bundle smartwatches with Xplora-branded SIM cards and offer Xplora Connect services in the UK market, delivering on the strategy…
Hostelworld launches ‘The Solo System’, enabling opt-in travellers to connect and meet in real life
COPENHAGEN, DENMARK: Hostelworld Group, the leading platform for hostel travel, today announced ‘The Solo System’, a set of social features enabling travellers to interact and connect with like-minded people. Users searching on Hostelworld can now find trending places with the ‘See Who’s Going’ feature, and once a booking is made, they’ll be able to ‘Chat’ to people visiting the same…
Victoria Plc completes acquisition of Balta Group, Belgium-based flooring company
LONDON, UK: Victoria PLC (LSE: VCP) has completed the acquisition of the highly profitable and growing rugs division of Balta Group, the Belgium-based flooring company, along with its profitable UK polypropylene carpet and non-woven carpet businesses (collectively “the Divisions”), together with the internationally-known brand, “Balta”. The total consideration, taking into account working capital movements and cash generation…
First Light Fusion achieves world first fusion result with projectile fusion
LONDON: IP Group plc (LSE: IPO), which develops world-changing science and technology businesses across life sciences, technology and cleantech, notes that portfolio company First Light Fusion Ltd has confirmed that it has achieved fusion which has been independently validated by the UK Atomic Energy Authority (UKAEA). This is the first time fusion has been achieved using a…
Repsol and Ørsted to explore joint development of floating offshore wind projects in Spain
OSLO, NORWAY: Repsol and Ørsted have an ambition of jointly becoming a leading developer in Spanish offshore wind by combining their complementary strengths. The alliance combines Repsol’s expertise as a global multi-energy provider with Ørsted’s experience as the global leader in offshore wind. After several years of concept development and small-scale testing, floating offshore wind…