LONDON, UK: Mortgage Advice Bureau Limited has agreed to acquire approximately 75% of Project Finland Topco Limited (Fluent Money Group) for a total cash payment of c.£73 million based upon an enterprise value of £95 million together with a put and call option over the remaining interests. Fluent is a technology enabled telephone advice mortgage…
Fraport AG to partner with Zwipe on project with Zwipe Access
OSLO, NORWAY: Zwipe, a leading provider of on-card biometric solutions, confirms that its biometric access control solution, Zwipe Access, has been selected by Fraport AG as one of two partners in Fraport’s “Biometrics@Controllane” project. Fraport AG – which ranks among the world’s leading companies in the global airport business – offers a full range of integrated…
InceDemurrage, a one-stop demurrage solution, launched
LONDON, UK: International legal and professional services firm, Ince, has announced the launch of InceDemurrage, a fully integrated, one-stop demurrage solution for clients operating in the maritime sector. InceDemurrage is the collaboration of Ince and Demurrage Desk, the industry experts and certified laytime and demurrage specialists that utilise the latest technology to provide insightful advice for…
Recyclus Group appoints Matthew Taylor as Group Managing Director
LONDON, UK: Technology Minerals Plc (LSE: TM1) announced that its 49% owned battery recycling business, Recyclus Group Ltd has appointed Matthew Taylor as Group Managing Director. Matthew has over 40 years’ experience working in senior management roles, across a number of key industrial and manufacturing sectors in the UK, including avionics, automotive, consumer and professional power…
Telecom Egypt cooperates with EIB to secure a €150 million investment
CAIRO, EGYPT: Telecom Egypt signed an agreement with the European Investment Bank (EIB) – the lending arm of the European Union – to secure a medium-term loan of € 150 million to expand Telecom Egypt’s 4G broadband network. The new developmental facility will be used to support Telecom Egypt in improving its mobile network coverage…
Neometals invests in US based battery start-up, Tyfast Energy Corp
LONDON, UK: Neometals Ltd (ASX: NMT) has invested $500,000 in a financing round for private US based battery start-up, Tyfast Energy Corp. Tyfast, a spin-out from the University of California San Diego, is focussed on developing a long life, fast-charging lithium battery that utilises a proprietary vanadium-based anode technology. The investment is by way of…
National Grid to sell 60% in UK gas transmission and metering business for £2.2bn
LONDON, UK: National Grid plc has agreed to sell a 60% equity interest in its UK gas transmission and metering business (NGG) to a consortium of long-term infrastructure investors. The consortium is comprised of Macquarie Asset Management, a global asset manager and the world’s largest infrastructure manager, and British Columbia Investment Management Corporation (BCI), one…
SDI Group acquires Safelab Systems Limited for £7.7 million
LONDON, UK: SDI Group plc announced the acquisition of Safelab Systems Limited, a UK manufacturer of fume cupboards. Total consideration is forecast to be approximately £7.7 million, net of cash acquired. Highlights: · Safelab produces high specification fume cupboards and similar cabinets, for both commercial and research laboratories and with a special focus on the…
Pantheon to invest £40mn in gas transmission & metering business
LONDON, UK: Pantheon Infrastructure, the listed global infrastructure fund, has agreed to invest approximately £40m alongside a Macquarie Asset Management-led consortium, which has agreed to acquire a 60% stake in the UK gas transmission and metering business of National Grid. The business owns and operates the UK’s regulated national gas transmission system and an independent…
Media Tech SPAC acquires Drylab in Scandinavia
LONDON, UK: Media Tech SPAC plc, a company formed to undertake one or more acquisitions in the media and technology sectors, has entered into a definitive agreement to acquire 100% of the share capital of Drylab A/S, a leading film and TV production SaaS platform in Scandinavia. The acquisition is expected to complete in the…
UKGI sells shareholding in NatWest Group for £1.2bn
LONDON, UK: UK Government Investments Limited (UKGI) announced the successful completion of the disposal of part of Her Majesty’s Treasury’s (HM Treasury) shareholding in NatWest Group plc. The disposal was effected by way of an off-market purchase by the Company of 549,851,147 ordinary shares in the Company with a nominal value of £1.00 each, pursuant…
Hexagon Purus and CIMC Enric form partnership for investment in China
OSLO, NORWAY: Hexagon Purus and CIMC Enric announced the signing of investment agreements to establish a joint production facility in Shijiazhuang, Hebei and the CIMC-Hexagon New Energy Technologies management office and engineering hub in Beijing Daxing District International Hydrogen Development Zone. In addition, the Shijiazhuang and Beijing Daxing governments have made a strong commitment to…