LONDON: GSK plc (LSE: GSK) has completed the acquisition of Affinivax, Inc (Affinivax), a clinical-stage biopharmaceutical company based in Cambridge (Boston, Massachusetts). Under the terms of the agreement, GSK has acquired 100% of the outstanding shares of Affinivax. The acquisition comprised an upfront payment of $2.1 billion paid upon closing and two potential milestone payments…
BHP Group announces changes to its executive leadership team
LONDON, UK: BHP Group has announced two changes to the Executive Leadership Team (ELT) that will take effect on 1 October 2022. Edgar Basto will be appointed Chief Operating Officer and Geraldine Slattery will be appointed President Australia. Chief Operating Officer As Chief Operating Officer Mr Basto will enable acceleration in safety and productivity improvement…
LondonMetric sells four assets for £26 million
LONDON, UK: LondonMetric Property Plc has sold four assets, in two separate transactions, for £25.6 million, reflecting a blended NIY of 5.3%. The properties have a WAULT of five years and comprise: · a portfolio of three multi-let industrial assets totalling 53 units across 235,000 sq ft, located in Halesowen and Aston, Birmingham. The properties…
Cloudbreak Discovery to fund Iron Forge Holdings’ Butte Strawn Energy Project
LONDON, UK: Cloudbreak Discovery (LSE: CDL), a leading natural resources project generator with a focus on commodities required for the energy transition, has entered into an agreement with Iron Forge Holdings (III) Ltd. (IF3) whereby Cloudbreak will provide IF3 with USD $1.5 million in development capital for the Butte Strawn Energy Project located in Irion County,…
Savannah Energy signs new gas sales agreement with Notore Chemical Industries
LONDON, UK: Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter in Africa, announced that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a new gas sales agreement (“GSA”) with Notore Chemical Industries. Accugas will supply Notore with up to 10 MMscfpd of gas to augment…
NetScientific acquires 30% in Vortex, appoints Paul Jones as new CEO
LONDON, UK: NetScientific plc (AIM: NSCI), the international life sciences and sustainability technology investment and commercialisation Group, has completed acquisition of a 30 per cent stake in Vortex. Additionally, Vortex has recently appointed Paul Jones as its new Chief Executive Officer. Vortex is focused on developing its position in the multi-billion dollar oncology liquid biopsy…
The Sage Group agrees to acquire Lockstep
LONDON, UK: The Sage Group plc (FTSE: SGE) has agreed to acquire Lockstep, a provider of cloud native technology that automates accounting workflows between companies. The acquisition of Lockstep accelerates Sage’s strategy for growth by broadening its value proposition for SMBs and by expanding Sage’s digital network. Headquartered in Seattle, Washington (US) and employing over…
Metgasco Limited to acquire Patriot Hydrogen
SYDNEY, AUSTRALIA: Metgasco Limited announced the execution of a binding term sheet for a phased investment to acquire Patriot Hydrogen, a developer of modular waste to hydrogen production projects. “This deal marks an important step for Metgasco as it commences its journey to becoming a leading low-emissions, multi-fuel producer. With completion of the recent Cooper…
Cooke Inc signs deed to acquire Tassal Group for $5.23/share
SYDNEY, AUSTRALIA: Cooke Inc. has agreed to acquire 100% of the ordinary shares in Tassal Group by way of scheme of arrangement. Under the Scheme, Tassal shareholders will receive cash consideration of $5.23 per Tassal share, assuming no final dividend is declared and paid for FY22. The Scheme Consideration implies an equity value for Tassal…
Duncan West elected new Chair of Challenger Limited
SYDNEY, AUSTRALIA: Challenger Limited (ASX: CGF) to announced the election of Mr Duncan West as Challenger’s new Chair. Mr West will replace the current Chair Mr Peter Polson, who will retire, as previously announced, at the conclusion of the Annual General Meeting (AGM) on 27 October 2022. Mr West has served on the Challenger Board…
Phillip Gallagher appointed MD of African Gold
SYDNEY, AUSTRALIA: African Gold Ltd (ASX: A1G) advise that Mr Phillip Gallagher has been appointed as Managing Director of the Company with immediate effect. Mr Gallagher has had extensive experience in mineral exploration in West Africa having been the co-founder and managing director of ASX-listed Canyon Resources Ltd for the past 12 years. During Mr…
Rio Tinto reiterates compelling value of proposal to acquire Turquoise Hill
LONDON, UK: Rio Tinto notes the Turquoise Hill announcement today indicating that the Turquoise Hill Special Committee has terminated its review of Rio Tinto’s non-binding proposal to acquire full ownership of Turquoise Hill for C$34 in cash per Turquoise Hill share. Rio Tinto is disappointed by the decision of the Special Committee and continues to…