AMSTERDAM: Allfunds Group is negotiating the potential acquisition of the entire share capital of Web Financial Group under an exclusivity agreement. No binding agreement has yet been reached. Allfunds is in the process of completing its confirmatory due diligence and negotiating the final terms of the transaction, including the purchase price of approximately €150 million….
VVV Resources to acquire Anthony Vartkes Resources
LONDON, UK: VVV Resources Limited (AQSE: VVV) has signed a conditional Share Purchase Agreement with CASS FZE, and Stella Investments Limited to acquire 100% of the entire issued share capital of Anthony Vartkes Resources Limited (AVRL), a BVI-registered company. On completion of the Share Purchase Agreement, VVV Resources, will hold a 100% interest in the…
iomart Group announces partnership with e2e-assure
LONDON, UK: iomart Group plc (AIM: IOM), the cloud computing and managed services company, announced a new partnership with e2e-assure, the cyber security specialists. The agreement combines iomart’s cloud infrastructure expertise with an independent, state of the art cyber defences team to provide security operations centre (SOC) and proactive response service to the UK market….
HydrogenOne Capital and Safran jointly invest in UK passenger flight innovator Cranfield Aerospace
PARIS, FRANCE: HydrogenOne Capital Growth plc and Safran Corporate Ventures have signed definitive agreements for a common investment in Cranfield Aerospace Solutions Ltd (CAeS) as part of a more than £10m funding round. HGEN is investing a total of £7m in this funding round. With this purchase of a minority equity stake, each company has…
Kyoto Group acquires Mercury Energy in Spain
OSLO, NORWAY: Kyoto Group AS announced the acquisition of Mercury Energy S.L. from Andrés Barros Borrero, who is also the owner of RPOW Consulting. Mercury Energy will become a subsidiary of Kyoto and a new business unit named Kyoto Technology Spain S.L. The share purchase agreement with Andrés Barros Borrero was signed on 23 March…
Alpha Growth’ subsidiary acquires Guernsey based life insurance company
LONDON, UK: Alpha Growth Plc (LSE: ALGW) announced that its Bermuda subsidiary has signed a share purchase agreement to acquire a Guernsey based life insurance company. This transaction advances Alpha’s acquisition strategy of consolidating life insurance companies and represents a significant step towards achieving Alpha Growth’s goal of managing over $2bn of assets by 2025….
Vulcan Industries acquires sheet metal fabrication company, Aftech
LONDON, UK: Vulcan Industries plc (AQSE: VULC) has acquired the entire share capital of Aftech Ltd and its dormant parent company from Unity Global – FZCO. Aftech is a sheet metal fabrication company specialising in laser cutting, bending and forming. Aftech complements the existing fabrication businesses within the Group by introducing additional capacity, capabilities and…
Future plc acquires WhatCulture.com and Waive
LONDON, UK: Future plc (LSE: FUTR), the global platform for specialist media, announced the acquisition of WhatCulture.com, a digital-only entertainment publisher and Waive, a data insight platform. WhatCulture is a digital-only brand focused on the gaming and entertainment market. WhatCulture’s website and 11 YouTube channels have respectively 3m users and over 8m subscribers, and c.70%…
S-Ventures Plc agrees to acquire Market Rocket Limited
LONDON, UK: S-Ventures Plc has reached an agreement to acquire the whole of the issued share capital of Market Rocket Limited, a dynamic, growth-focused digital agency that partners exclusively with product and brand owners globally to identify and realise significant digital business opportunities. Subject to contract and due diligence, the acquisition is expected to complete…
Mitsui to acquire 27.5% in Mainstream Renewable Power for EUR 575mn
OSLO, NORWAY: Mainstream Renewable Power, the global renewable energy company, announced that Mitsui & Co., Ltd. has agreed to invest EUR 575 million in Mainstream in the form of new common shares, corresponding to a 27.5 percent equity stake in the company. Mitsui will take a long-term active role in the growth of the company,…
Qatar Stock Exchange and Astana International Exchange agree on cooperation
DOHA, QATAR: Astana International Exchange (AIX) and Qatar Stock Exchange (QSE) signed a Memorandum of Understanding (MOU) and agreed to establish cooperation in mutually beneficial areas. The MOU was signed by QSE’s Marketing and Communications Director Mr. Hussein Mohammad Al-Abdullah, representing QSE’s CEO Mr. Tamim Al-Kawari, and Mr. Renat Bekturov, CEO of AIX in the…
Austal Australia delivers 1st evolved cape class patrol boat to Australian Navy
SYDNEY, AUSTRALIA: Austal Limited (ASX: ASB) announced Austal Australia has delivered the first of six Evolved Cape-class Patrol Boats (ECCPB’s) to the Royal Australian Navy. The vessel, ADV Cape Otway, was officially accepted and named by the Minister for Defence, The Hon. Peter Dutton MP at a ceremony held a t Austal’s Henderson, Western Australia,…