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),…
Hims & Hers to acquire European telehealth platform, Zava
SAN FRANCISCO: Hims & Hers Health announced Tuesday it will acquire European telehealth platform Zava as part of its push to expand globally. The deal, expected to close by mid-year, will broaden the company’s reach into Ireland, France and Germany, growing its active customer base by roughly 50%. Financial terms were not disclosed, but details will be…
Viper Energy to acquire Sitio Royalties in $4.1 billion all-stock deal
MIDLAND: Viper Energy Inc., a subsidiary of Diamondback Energy Inc., announced Monday it has agreed to acquire Sitio Royalties Corp. in an all-stock transaction valued at approximately $4.1 billion, including $1.1 billion in net debt. The deal, expected to close in the third quarter of 2025, will create one of the largest publicly traded mineral…
TotalEnergies acquires UK solar, battery storage projects from Low Carbon
PARIS: TotalEnergies has acquired a portfolio of renewable energy projects in the U.K. from developer Low Carbon, the company announced Tuesday. The deal includes eight solar projects with a combined capacity of 350 megawatts and two battery storage projects totaling 85 megawatts. The solar projects, in an advanced development stage, are expected to be operational by 2028….
Oakley Capital Invests in Infravadis
LONDON: Oakley Capital Investments Limited announced Tuesday that its Oakley Capital Origin Fund II is investing in Infravadis, a tech-enabled platform targeting Europe’s underground infrastructure maintenance market, valued at over €25 billion. Oakley Capital Investments’ indirect contribution through the fund is estimated at approximately £5 million. Infravadis plans to consolidate the fragmented underground infrastructure maintenance…
Pandox AB and Eiendomsspar AS proposes €1.3 billion takeover of Dalata Hotel Group
LONDON: A consortium formed by Pandox AB and Eiendomsspar AS confirmed Tuesday it has submitted a non-binding proposal to acquire Ireland’s Dalata Hotel Group PLC in an all-cash deal valuing the company at approximately €1.3 billion ($1.4 billion). The offer of €6.05 per share represents a 27.1% premium to Dalata’s closing price on March 5, the…
Valereum PLC announces strategic investment in Blubird Global, Inc.
LONDON: Valereum PLC (AQSE: VLRM), announced a US $2.5 million strategic investment in Blubird Global, Inc., (“Blubird”) (“Investment”) for a minority stake and will be granted a Board observer seat. The Investment will be made in eight tranches. The Company expects to complete the acquisition of the first tranche of shares in June 2025, with…