LONDON, UK: Tibergest PTE Ltd, a company wholly-owned by Serge Crasnianski, has offered to acquire all shares in Photo-Me, not already held by Tibergest and Crasnianski, at a price of 75 pence/share. The offer values the entire issued and not to issued share capital of Photo-Me at £284.5 million. Meanwhile, Tibergest PTE Ltd has agreed…
Tekna to consolidate all European additive manufacturing in France
ARENDAL, NORWAY: Tekna Holding, the world-leading provider of advanced materials to industry, announced the consolidation of its additive manufacturing powder production in Europe at a new facility in Pont-de-Veyle, in eastern France. Tekna has signed a nine-year lease agreement on the facility, which will strengthen the company’s supply chain resilience in Europe. The 8,000 m2…
HYON expresses intention to list on Euronext Growth
OSLO, NORWAY: HYON AS, the provider of zero-emission maritime hydrogen bunkering solutions, announced the successful completion of a private placement of NOK 50 million, valuing the company at NOK 130 million. The company has an intention to have its shares shortly admitted to trading on Euronext Growth. “The private placement was oversubscribed and attracted strong…
88 Energy commences trading on the US OTCQB
LONDON, UK: 88 Energy Limited’s shares are now listed for trading under the code EEENF. The OTCQB Venture Market is for entrepreneurial and development stage US and international companies. Company’s primary listing will continue to be the Australian Securities Exchange (ASX), with its secondary listing on the AIM market of the London Stock Exchange (AIM)…
Tikehau Capital’s Pegasus Asia raises S$170mn in Singapore IPO
PARIS, FRANCE: Tikehau Capital, the global alternative asset management group, announced that Pegasus Asia – its first SPAC to be listed in Singapore – has successfully raised S$170 million (equivalent to c. €111.2 million2) in its initial public offering. Similar to Pegasus Europe and Pegasus Entrepreneurs launched in 2021, Pegasus Asia was launched by Tikehau…
Jiangsu to make four car carrier vessels for Höegh Autoliners
OSLO, NORWAY: Höegh Autoliners ASA has entered into a contract with China Merchants Heavy Industry (Jiangsu) Co., Ltd. (CMHI) for four fixed and eight optional multi-fuel and zero-carbon ready Aurora class vessels. Under the terms of the contract, the first two vessels will be delivered in the second half of 2024 and the next two…
IPC explores diverse sources of funding with a $300mn bond issue
STOCKHOLM, SWEDEN: International Petroleum Corporation (IPC) has raised $300 million through a bond issue, as the Lundin Group’s company explores diverse sources of funding to capitalize on the next phase of the energy transition in the upstream oil and gas industry. IPC announced it completed a private placement of USD 300 million of senior unsecured…
Air Liquide to setup 350 tonnes/day Air Separation Unit in Uttar Pradesh
PARIS, FRANCE: Air Liquide will setup a new Air Separation Unit (ASU) having 350 tonnes/day production capacity with an investment of Euro 40 million, dedicated to Industrial Merchant activities in Kosi, in the state of Uttar Pradesh, Northern India. This unit will have a production capacity of 350 tonnes per day, with a maximum of…
ContourGlobal’s subsidiary sells Brazil hydro business for $313mn
LONDON, UK: Kani Lux Holdings, a majority-owned subsidiary of ContourGlobal plc, has signed a definitive agreement with Pátria Investments to sell its Brazilian hydro power plants (Brazil hydro business) for a total cash consideration of 1.73 billion BRL ($313 million USD) including the assumption of net debt and other customary adjustments. The transaction is expected…
Good Energy Group sells renewable generation portfolio for £24.5mn
LONDON, UK: Good Energy Group announced the disposal of its 47.5MW renewable generation asset portfolio as part of an ongoing strategic shift to energy and mobility services. Company had appointed KPMG LLP to lead a sale process for the Company’s entire 47.5MW generation portfolio. Following a competitive process, the disposal of the portfolio has been…
GSTechnologies acquires Lithuanian Crypto Exchange Licence
LONDON, UK: GSTechnologies Limited (LSE: GST) has entered into a legally binding Sale and Purchase Agreement to acquire the whole of the issued share capital of UAB Glindala, a holder of a Crypto Currency Exchange Licence registered in Lithuania, for a total cash consideration of €27,500. Glindala’s Crypto Currency Exchange Licence is supervised by the…
Hercules Site Services intends to float on AIM Market
LONDON, UK: Hercules Site Services plc, a leading technology enabled labour supply company for the UK infrastructure sector, announced its intention to seek admission of its shares to trading on AIM, a market of the London Stock Exchange. Hercules Site Services is seeking to raise approximately £5.5 million to rapidly deliver on the significant demand…