Shares of the Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, soared by up to 9% in Mumbai trading on Friday, extending its weekly gains to approximately 38%. This surge comes as market participants speculate about the potential initial public offering (IPO) of the National Stock Exchange (NSE) of India Ltd, following its recent acquittal…
TotalEnergies commences production from Fenix gas field in Southern Argentina
PARIS: TotalEnergies (Paris:TTE) announced the start of production from the Fenix gas field, located 60 km off the coast of Tierra del Fuego in Southern Argentina. The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan…
Volution Group agrees to acquire Fantech Group for A$280 million
LONDON: Volution Group plc has signed an agreement to acquire the Fantech Group of companies from the owners of the UK based Elta Group Ltd. The Group has signed an agreement to acquire 100% of the holding company of the Fantech Australasia business for an initial consideration of AUD$220 million (£112.9 million) on a debt/cash…
KASCO Developments launches in UAE real estate with AED 1.2bn initial investments
Dubai, UAE: KASCO Developments – the latest venture by the prominent KASCO Group – has officially launched into the thriving UAE property market. Having been involved in real estate since 2008, KASCO Group has a portfolio of successfully delivered projects such as Waves Tower by KASCO, KASCO Residence, KASCO Tower, and Gulf Oasis. Building on…
Feedback signs collaboration agreement with a provider of primary care solutions
LONDON: Feedback plc has signed a collaboration agreement with a provider of primary care solutions to explore the opportunities for a novel Neighborhood Diagnostics Solution. The intention is to explore creating a solution that combines the partners’ technology and Bleepa to streamline NHS diagnostic and pathway referrals between primary care, Community Diagnostic Centres (CDCs) and…
Close Brothers selling wealth management business, CBAM, to Oaktree Capital for £200 million
LONDON: Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management, L.P. for an equity value of up to £200 million. Mike Biggs, Close Brothers’ Chairman, commented: “Following a comprehensive strategic review, the Board is pleased to announce the agreed sale of…
Creo Medical Group announces sale of Creo Europe to Micro-Tech for €72 million
LONDON: Creo Medical Group plc (AIM: CREO) has entered into a binding agreement with Micro-Tech (NL) International B.V., a subsidiary of Micro-Tech (Nanjing) Co. Ltd. The agreement involves the sale of 51% of the issued share capital of Creo Medical S.L.U. (Creo Europe) at an equity value of €72 million on a cash-free, debt-free basis….
AFC Energy launches Hyamtec Limited, the ammonia cracking business
LONDON: AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, announced the launch of Hyamtec Limited, a wholly owned subsidiary of AFC Energy. Hyamtec has been established to commercialise the Company’s next-generation distributed ammonia cracking business. The Technology Hyamtec’s cracker technology has successfully demonstrated its flexibility to integrate with both ammonia combustion…
L&G to sell UK house builder CALA Group for an enterprise value of £1.35bn
LONDON: Legal & General Group (L&G) has agreed the sale of the UK house builder CALA Group for an enterprise value of £1.35bn, to Ferguson Bidco Limited, an entity owned by funds managed by Sixth Street Partners and Patron Capital. The transaction is expected to complete in Q4 2024. The consideration for the sale will…
Mpac Group to acquire Boston Conveyor & Automation Inc. for $17 million
LONDON: Mpac Group plc, a global leader in high-speed packaging and automation solutions, has entered into an agreement with Jim Laverdiere to acquire the entire issued share capital of Boston Conveyor & Automation Inc. (BCA), a US-based supplier of robotic automation and conveyor solutions to the food, life sciences and general industry sectors. The aggregate…
Platinum Equity and Butterfly jointly acquired Rise Baking Company
LOS ANGELES: Global investment firm Platinum Equity and Los Angeles-based private equity firm Butterfly specializing in the food sector, today announced the acquisition of Rise Baking Company. Platinum Equity and Butterfly will be equal partners in the investment. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q4 2024….
BlackDice and Bin Omran Trading and Telecommunication form partnership to enhance Qatar’s digital security landscape
DOHA: BlackDice, a leading provider of advanced cybersecurity solutions, and Bin Omran Trading and Telecommunication – a prominent Qatari Telecom and IT infrastructure company – announced a strategic partnership aimed at enhancing Qatar’s digital security landscape. This collaboration is in alignment with Qatar’s ambitious ‘Digital Agenda 2030’ (‘DA2030’), which underscores the importance of robust cybersecurity…