SYDNEY: Victor Group Holding (ASX: VIG) announced Thursday it has agreed to acquire a 15% stake in IRich Finance Pty Ltd., an Australian-licensed fintech provider, as part of a strategic expansion of its platform-as-a-service (PaaS) offerings. The deal, signed May 16, involves issuing 97,834,000 shares to IRich at AUD 0.06 per share, totaling AUD 5.87…
Almadex Minerals acquires Ruby Hill exploration project in Nevada
VANCOUVER: Almadex Minerals Ltd. has acquired full ownership of the Ruby Hill early-stage exploration project in central Nevada through staking, the company announced Thursday. The Vancouver-based mineral exploration company said the gold-silver project was identified as part of its regional exploration program in the western U.S. Ruby Hill features a large area of argillic alteration…
WPP Plc expands Pakistan presence with strategic mergers
LONDON: Pakistan competition watchdog has approved three separate merger transactions, allowing Berkeley Square Holding BV to acquire a 50% shareholding in Ogilvy & Mather Pakistan (Private) Limited, Mindshare Pakistan (Private) Limited, and Soho Square Pakistan (Private) Limited from Taher Anwar Khan. In the case of Mindshare, Interflow Communications (Private) Limited was also involved as a…
Blackstone affiliated Bidco to acquire Warehouse REIT in £470 million deal
LONDON: Warehouse REIT plc has agreed to a recommended cash acquisition by Wapping Bidco Ltd, a newly formed company backed by investment funds advised by affiliates of Blackstone Inc., in a deal valuing the real estate investment trust at approximately £470 million ($600 million). Under the terms of the deal, announced Wednesday, shareholders of Warehouse REIT…
HSBC becomes strategic investor in European fintech Token.io
LONDON: European fintech company Token.io announced Tuesday that HSBC has become a strategic investor, signaling a strengthened partnership focused on advancing account-to-account payment solutions. The investment, revealed at Money20/20 Europe, marks a milestone for Token.io, which has powered HSBC’s Open Payments solution since 2019. The London-based firm specializes in account-to-account (A2A) payment infrastructure, enabling direct bank transactions through open…
Brightstar Capital Partners acquires KZF Design, expanding architectural and engineering reach
NEW YORK: Brightstar Capital Partners, a private equity firm specializing in business services, industrials, consumer, and government services and technology investments, announced Wednesday that it has acquired KZF Design, a multidisciplinary architecture, engineering, and design firm. Mike Burke, former chairman and CEO of AECOM, will serve as chair of KZF’s board of directors and advise…
Australian Mines receives German HMS Bergbau AG interest in Sconi project offtake
BRISBANE: Australian Mines Ltd. said Tuesday it has received a formal expression of interest from German commodities trader HMS Bergbau AG regarding potential offtake arrangements for nickel, cobalt and scandium from its Sconi Project in Queensland. The non-binding proposal could pave the way for a long-term supply agreement, as the companies engage in discussions over…
Metals X moves forward with cash offer for Greentech Technology acquisition
SYDNEY: Metals X Ltd. (ASX: MLX) announced Wednesday that it has formally notified Greentech Technology International Ltd. of its intention to proceed with a pre-conditional voluntary cash partial offer to acquire up to 382.48 million shares, or 28% of the issued capital, of the Hong Kong-listed company. Metals X, which owns a 50% stake in…
Ghana signs agreement to extend offshore oil licenses through 2040
ACCRA: The Government of Ghana has signed a memorandum of understanding with energy companies to extend key offshore oil licenses until 2040, a move expected to drive investment and increase reserves in the country’s energy sector. The agreement covers the West Cape Three Points (WCTP) and Deep Water Tano (DWT) licenses, which include the Jubilee…
Johnson Service Group to move listing to London Stock Exchange main market, extends share buyback program
LONDON: Johnson Service Group (JSG), a leading textile services provider in the United Kingdom and Ireland, announced Tuesday its intention to apply for admission of its shares to the Main Market of the London Stock Exchange, moving from the AIM market where it has been listed since 2008. The company said the move, expected by…
Hammerson plc CEO Rita-Rose Gagné to step down
LONDON: Hammerson plc today announced that Rita-Rose Gagné has informed the Board of her intention to step down and retire from her position as Chief Executive Officer of Hammerson in 2026. She will remain with the business for the next 12-months, bringing continuity while a successor is identified. This timeframe will also allow for a…
Xstate Resources exits Austrian project, focuses on Diona ahead of re-listing
SYDNEY: Xstate Resources Limited (ASX: XST) announced Thursday it has agreed to dispose of its 20% working interest in the Anshof oil project in Austria, marking a strategic shift to focus on its upcoming Diona project in Australia. The assignment of the interest to Kathari Energia GmbH, a subsidiary of ADX Energy Limited (ASX: ADX),…