SYDNEY, AUSTRALIA: Red Hill Iron Limited (ASX: RHI) announced the appointment of Mr Michael Wall as Chief Executive Officer (CEO). Michael joined the Company as Exploration Manager in January of this year. Michael has extensive industry experience and already established working relationships with the stakeholders in the Company’s project areas. With a background in geology,…
Unbound Group announces initial launch of curated multi-brand platform
LONDON, UK: Unbound Group plc confirmed the initial launch of its curated multi-brand platform, as scheduled, which offers a range of partner brands for its core 55+ customer demographic. The further Autumn Winter launch of the platform is on track to be completed in September. Alongside its core Hotter brand, the Group is initially launching…
Jadestone Energy acquires interest in North West Shelf oil producing fields
SINGAPORE: Jadestone Energy, an independent oil and gas production company focused on the Asia-Pacific region, has executed a sale and purchase agreement with BP Developments Australia to acquire the Seller’s non-operated 16.67% working interest in the Cossack, Wanaea, Lambert, and Hermes oil fields development (the “North West Shelf Oil Project”), offshore Western Australia, for a total…
Inchcape to acquire automotive distributor Derco for £1.3 bn
LONDON, UK: Inchcape Plc, the independent multi-brand global automotive distributor, signed an agreement to implement a business combination to acquire Derco Holdings, the largest independent automotive distributor in Latin America, for a cash and share consideration valuing Derco at £1.3 billion. Derco is a family-owned multi-brand automotive distributor, and the largest independent distributor by volume…
Frasers acquires online fashion retailer I Saw It First
LONDON, UK: Frasers Group plc has acquired the online fashion retailer I Saw It First. Frasers looks forward to integrating I Saw It First, which today has over 5 million consumers, having rapidly grown its digital presence since its launch in 2017. I Saw It First will benefit from the strength and scale of Frasers…
Newen Studios buys majority stake in London-based Rise Films
PARIS, FRANCE: Newen Studios, one of the European leaders in audiovisual production and distribution, has taken a majority stake in London-based production house, Rise Films, adding the business to itsUK portfolio of Newen Studios production companies. The move is part of Newen Studios’s strategy to pursue premium documentary and furthers its plans for UK expansion….
Groupe SEB acquires the Spanish machine maker, Zummo
PARIS, FRANCE: Groupe SEB strengthen its positions in the professional market with the acquisition of Zummo, the Spanish world leading maker of automatic fruit juice extraction machines. The professional offering of Groupe SEB is being expanded to meet its strong development ambitions in this segment. Numerous synergies will be created in this way for all…
TotalEnergies and Veolia Partner to Build the Largest Solar System for a Desalination Plant in Oman
PARIS, FRANCE: TotalEnergies and Veolia have signed an agreement to start the construction of the largest solar photovoltaic (PV) systems providing power for a desalination plant in Oman, in the city of Sur. The power plant will be located on the site of the Sharqiyah Desalination plant, which is a reference in Oman and in…
Diversified Energy acquires Contractor Services Inc. of West Virginia
LONDON, UK: Diversified Energy Company has acquired the well services and plugging assets and operations of Contractor Services Inc. of West Virginia, representing the Company’s third acquisition of an Appalachian asset retirement operator during 2022. Located in Spencer, West Virginia, ConServ is a privately held business led by David and Scott Freshwater that was formed…
Close the Loop acquires Alliance Paper
MELBOURNE, AUSTRALIA: Close the Loop Limited (ASX: CLG) announces acquisition of 100% of thermal paper supplier and sustainable paper products group, Alliance Paper Pty Ltd. for a total purchase price of $1 and an investment in working capital of approximately $4.5 million. Alliance is a leading Australian supplier of thermal paper and associated paper products…
Origin Energy increases investment in Octopus Energy
SYDNEY, AUSTRALIA: Origin Energy Limited will invest an additional £94 million ($163 million) in Octopus Energy Group to maintain its 20 per cent equity interest and support the UK technology and energy company to continue its rapid expansion. Since Origin’s last investment in September 2021, Octopus has made significant progress across its retail, renewable energy,…
Anagenics to divest Advangen Inc to TK Holdings
SYDNEY, AUSTRALIA: Anagenics Limited (AN1) has agreed to divest its wholly-owned subsidiary Advangen Inc to TK Holdings LLC, an entity owned by ADV Japan’s local management. AN1 will retain an earn-out arrangement to benefit from ADV Japan performance over a 15 year period. In recent years, ADV Japan has faced a challenging trading environment due…