LONDON, UK: Edenville Energy Plc (AIM: EDL) has reached an agreement with NextGen Coalmine to terminate the contract for the operation of the company’s Rukwa Coal Project, entered into on 3 February 2022. Edenville Energy has subsequently resumed full control of the site and mining operations. Following the termination of the Contract all mining equipment…
GSK to acquire Affinivax Inc. in a multi-billion dollar deal
LONDON, UK: GSK plc (LSE: GSK) has entered into a definitive agreement to acquire Affinivax Inc., a clinical-stage biopharmaceutical company based in Cambridge, Boston, Massachusetts, for a $2.1 billion upfront payment and up to $1.2 billion in potential development milestones. GSK will account for the transaction as a business combination. Under the terms of the…
Coral Products has acquired Alma Products Limited
LONDON, UK: Coral Products plc, a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester, has acquired the entire issued share capital of Alma Products Limited for a net consideration of £1.5 million to be satisfied in cash. The cash consideration for the acquisition is being satisfied from the Group’s…
Oxford Metrics sells infrastructure asset management division, Yotta, for £52mn
LONDON, UK: Oxford Metrics plc (LSE: OMG) announced the sale of its infrastructure asset management division, Yotta, to Causeway Technologies for a cash consideration of £52.0 million. Yotta today serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services – including highways, street…
Saint-Gobain divests several glass processing businesses in Germany & Austria
LONDON, UK: Saint-Gobain has entered into agreements for the sale of its glass processing businesses Eckelt Glas and Glas Ziegler in Austria to the privately-owned German group AEQUITA, as well as the sale of its holding in the co-venture Glaskontor Erfurt – a glass processing business in Germany – to the CALEOGLAS Group. The closing…
Stagecoach acquires Kelsian Group’s east London bus operations for £20mn
LONDON, UK: Stagecoach Bus Holdings Limited has entered into binding agreements to acquire Kelsian Group’s east London bus operations and depot at Lea Interchange for total consideration of £20 million. Upon completion, £10m will be payable, with a further £1m per annum payable for ten years commencing on the first anniversary following completion, subject to…
David King appointed CEO of XLMedia
LONDON, UK: XLMedia (AIM: XLM), a leading global digital performance publisher, announced the appointment of David King as Chief Executive Officer and as a member of the Board of Directors. He is expected to join the Group on 1 July 2022. David brings extensive leadership and financial expertise. Stuart Simms, the Company’s existing Chief Executive…
Mutares SE signs agreement to acquire Cimos d.d.
MUNICH: Mutares SE & Co. has signed an agreement to acquire Cimos d.d. and its subsidiaries from TCH S.r.L. The closing of the transaction is expected in the third quarter of 2022. The company will act as a key Eastern European platform for Mutares’ Automotive & Mobility segment with seven production plants across Slovenia, Croatia,…
PEXA to acquire up to 25% of AI software leader Elula
SYDNEY, AUSTRALIA: PEXA Insights, has agreed to make its second strategic investment to acquire an interest of up to 25% in Elula – an Australian artificial intelligence (AI) technology company. PEXA Group Limited (PEXA) is the operator of the world’s first digital property exchange platform. PEXA insights is its data and analytics business. PEXA is…
Foxtons acquires Gordon & Co in South London, Stones Residential in North
LONDON, UK: Foxtons Group plc (LSE: FOXT), London’s leading estate agency, has acquired two estate agents including IMM Properties Ltd, trading under the name Gordon & Co in South London; and Stones Residential (Stanmore) Holdings Ltd in Stanmore, North London for a total consideration of £10.55 million. The acquisitions would be funded through the Company’s…
Johnson Matthey agrees to sell part of its Battery Materials business for £50mn
LONDON, UK: concerned over insufficient returns, Johnson Matthey Plc (JM) has entered into an agreement for the sale of part of its Battery Materials business to EV Metals Group, a global battery chemicals and technology business. The Battery Materials business will be sold for a total consideration of £50 million in cash and Johnson Matthey…
6 Most Important Factors You Should Consider When Choosing a Broker
When it comes to choosing a broker, many people can feel overwhelmed. With all of the scams out there, how can you be sure that you’re making the right choice? It’s important to consider a few key factors when making your decision. In this blog post, we will discuss four of the most important factors…